Civic Intelligence

Freeport Arts Center

990 • Fiscal year 2021 • EIN 51-0189249

Sep 01, 2020 to Aug 31, 2021 • Filed on Feb 09, 2022

Organization ProfileWWW.FREEPORTARTMUSEUM.COM
121 N HarlemFreeport, IL 61032

(815) 235-9755

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

32nd percentile

0.01x

Higher debt load relative to assets than 32% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

45th percentile

0.07x

Higher debt load relative to revenue than 45% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

79th percentile

36%

Higher net margin than 79% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

50th percentile

$55,673

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 16.2% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

59th percentile

14%

Faster asset growth than 59% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

60th percentile

22%

Faster revenue growth than 60% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets32nd percentile

Assets

Up

$1,770,629

Up $221,076 (+14%) from 2020

Net Assets

Up

$1,748,007

Up $246,749 (+16%) from 2020

Liabilities

Down

$22,622

Down $25,673 (-53%) from 2020

Revenue And Expenses
Liabilities / Revenue45th percentileNet Margin79th percentile

Revenue

Up

$343,033

Up $61,758 (+22%) from 2020

Expenses

Down

$220,130

Down $417,699 (-65%) from 2020

Net Income

Up

$122,903

Up $479,457 (+134%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth59th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2011: $1,226,491Liabilities 2011: $7,269Net Assets 2011: $1,219,2222011Assets 2012: $1,261,727Liabilities 2012: $59,023Net Assets 2012: $1,202,7042012Assets 2013: $1,268,298Liabilities 2013: $57,848Net Assets 2013: $1,210,4502013Assets 2014: $1,347,274Liabilities 2014: $45,869Net Assets 2014: $1,301,4052014Assets 2015: $1,264,244Liabilities 2015: $57,310Net Assets 2015: $1,206,9342015Assets 2016: $1,248,968Liabilities 2016: $45,483Net Assets 2016: $1,203,4852016Assets 2017: $1,300,619Liabilities 2017: $39,998Net Assets 2017: $1,260,6212017Assets 2018: $1,822,638Liabilities 2018: $25,399Net Assets 2018: $1,797,2392018Assets 2019: $1,873,182Liabilities 2019: $24,808Net Assets 2019: $1,848,3742019Assets 2020: $1,549,553Liabilities 2020: $48,295Net Assets 2020: $1,501,2582020Assets 2021: $1,770,629Liabilities 2021: $22,622Net Assets 2021: $1,748,0072021Assets 2022: $2,364,879Liabilities 2022: $153,952Net Assets 2022: $2,210,9272022Assets 2023: $2,523,739Liabilities 2023: $67,739Net Assets 2023: $2,456,0002023Assets 2024: $3,309,255Liabilities 2024: $0Net Assets 2024: $3,309,2552024Assets 2025: $4,072,750Liabilities 2025: $0Net Assets 2025: $4,072,7502025

Highlighted filing

2021

Assets$1,770,629
Liabilities$22,622
Net Assets$1,748,007
Open 2021 Filing

Operations Trend

Revenue Growth60th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2011: $225,8872011Expenses 2012: $219,6062012Expenses 2013: $209,5062013Revenue 2014: $228,481Expenses 2014: $212,810Net Income 2014: $15,6712014Revenue 2015: $171,453Expenses 2015: $210,016Net Income 2015: -$38,5632015Revenue 2016: $167,841Expenses 2016: $204,624Net Income 2016: -$36,7832016Revenue 2017: $233,575Expenses 2017: $213,849Net Income 2017: $19,7262017Revenue 2018: $705,240Expenses 2018: $211,405Net Income 2018: $493,8352018Revenue 2019: $274,972Expenses 2019: $235,312Net Income 2019: $39,6602019Revenue 2020: $281,275Expenses 2020: $637,829Net Income 2020: -$356,5542020Revenue 2021: $343,033Expenses 2021: $220,130Net Income 2021: $122,9032021Revenue 2022: $373,733Expenses 2022: $359,625Net Income 2022: $14,1082022Revenue 2023: $619,090Expenses 2023: $366,182Net Income 2023: $252,9082023Revenue 2024: $1,082,372Expenses 2024: $353,316Net Income 2024: $729,0562024Revenue 2025: $1,065,770Expenses 2025: $360,907Net Income 2025: $704,8632025

Highlighted filing

2021

Revenue$343,033
Expenses$220,130
Net Income$122,903
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2020 to Aug 31, 2021
Signed
Feb 9, 2022
Return Version
2020v4.2
Gross Receipts
$346,642
Mission and Program Overview

Mission

The freeport art museum creates experiences that spark imagination and engagement in the arts for all people by presenting exhibitions and cultural events, advancing arts education, and excelling in collection stewardship.

To enhance and promote the historical and cultural education of the community

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$835,762$937,286▲ $101,524
Land, Buildings, and Equipment, Net$443,034$561,423▲ $118,389
Cash and Non-Interest-Bearing Accounts$270,757$271,920▲ $1,163
Total Assets$1,549,553$1,770,629▲ $221,076
Liabilities
Mortgage Notes Payable Secured by Investment Property$24,500$0▼ $24,500
Unsecured Notes Loans Payable$19,500$19,500→ $0
Accounts Payable and Accrued Expenses$4,295$3,122▼ $1,173
Total Liabilities$48,295$22,622▼ $25,673
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,183,165$1,278,991▲ $95,826
Net Assets With Donor Restrictions$318,093$469,016▲ $150,923
Total Net Assets Fund Balance$1,501,258$1,748,007▲ $246,749
Total Liabilities and Net Assets / Fund Balance$1,549,553$1,770,629▲ $221,076

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$161,086$279,466$440,552
Land$399,000-$399,000
Equipment$1,337$98,699$100,036

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$835,762-▲ $5,120-$840,882
2019$863,990-▲ $13,498$41,726$835,762
2018$882,244-▲ $15,218$33,932$863,990
2017$848,492-▲ $67,684$33,932$882,244
2016$817,251-▲ $40,251$9,010$848,492
Compensation and Service Providers
Top Officer Pay50th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Jessica ModicaExecutive DirectorFT$55,673$55,673

Board Members and Trustees

NameTitle
Adam SchulzPast President
Venessa HughesPresident
Aaron MercierVice President
Jill LaballisterDirector
Joy SellersDirector
Kyle FleischerDirector
Liz FoleyDirector
Mark DureinDirector
Neal TrainorDirector
Nancy HeyenSecretary
Mariah LeiserTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$293,119
Program Service Revenue
$17,901
Investment Income
$5,120
Other Revenue
$26,893
All Other Contributions
$109,103
Change in Net Assets
$122,903
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$124,367
Salaries, Compensation, and Employee Benefits$95,763
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$17,154$68,616-$85,770
Occupancy$43,426--$43,426
Fees for Services Legal-$11,251-$11,251
Payroll Taxes$7,011--$7,011
Fees for Services Accounting-$4,438-$4,438
Depreciation Depletion$4,157--$4,157
Other Employee Benefits-$2,982-$2,982
Office Expenses-$2,735-$2,735
Advertising$1,821$312-$2,133
Interest$1,579--$1,579
Fees for Service Investment Mgmnt Fees-$1,348-$1,348
Other Expenses$806--$806
Total Functional Expenses$128,448$91,682$0$220,130
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$22,590
Fundraising Direct Expenses$3,561
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Paint the Port$20,827$20,827$3,561$17,266
Art in the Park$1,763$1,763-$1,763
Total Events$22,590$22,590$3,561$19,029
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

“Positions are elected each year by board members”

Form 990, Part VI, Section A, Line 7B

“Financial statements are reviewed and approved by the board each year.”

Form 990, Part VI, Section B, Line 11B

“The form 990 is reviewed by the president and treasurer of the board of directors.”

Form 990, Part VI, Section C, Line 18

“The form 990 is available to the public as a result of a written request.”

Form 990, Part VI, Section C, Line 19

“A member of the public may request a copy of a specific policy or financials of the art center. A request for a copy of the policy will be reviewed by the executive committee and responded to according to their direction.”

Filing and Contact Details

Filer

Filer Name
Freeport Arts Center
EIN
51-0189249
Phone
8152359755
Address
121 N HARLEM, FREEPORT, IL 61032

Signing Officer

Name
Jessica Modica
Title
President
Phone
8152359755
Signed
2022-02-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Adam Schulz
Formed
1975
Legal Domicile
Il
Voting Board Members
10
Independent Board Members
10
Employees
3
Volunteers
0

Preparer

Firm
Wipfli Llp
Address
4949 HARRISON AVENUE SUITE 300, ROCKFORD, IL 61125-0407
Preparer
Jerry R Funk
Phone
8153997700
Supplemental Narrative

Financial Statement Notes

PART III, LINE 1A:

“Collection items acquired either through purchase or donation are not capitalized. Purchases of collection items are recorded as decreases in unrestricted net assets if purchased with unrestricted assets and as decreases in temporarily restricted or permanently restricted net assets if purchased with donor-restricted assets. Proceeds from de-accessions or insurance recoveries are reflected on the statement of activities based on the absence or existence and nature of donor-imposed restrictions.”

Raw XML AppendixShowing 400 of 478 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt02982
IRS990/OtherEmployeeBenefitsGrp/TotalAmt02982
IRS990/OtherExpensesGrp/Desc0ART PLAZA
IRS990/OtherExpensesGrp/Desc1EXHIBITIONS
IRS990/OtherExpensesGrp/Desc2EDUCATION AND OUTREACH
IRS990/OtherExpensesGrp/Desc3PROFESSIONAL MEMBERSHIP
IRS990/OtherExpensesGrp/ProgramServicesAmt027563
IRS990/OtherExpensesGrp/ProgramServicesAmt115113
IRS990/OtherExpensesGrp/ProgramServicesAmt29818
IRS990/OtherExpensesGrp/ProgramServicesAmt3806
IRS990/OtherExpensesGrp/TotalAmt027563
IRS990/OtherExpensesGrp/TotalAmt115113
IRS990/OtherExpensesGrp/TotalAmt29818
IRS990/OtherExpensesGrp/TotalAmt3806
IRS990/OtherRevenueMiscGrp/BusinessCd0713990
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt04625
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt04625
IRS990/OtherRevenueTotalAmt04625
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt07011
IRS990/PayrollTaxesGrp/TotalAmt07011
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0ADAM SCHULZ
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1711300
IRS990/ProgramServiceRevenueGrp/Desc0ART EDUCATION CLASSES
IRS990/ProgramServiceRevenueGrp/Desc1EXHIBITIONS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt013852
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt14049
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt013852
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt14049
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0246294
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0516885
IRS990/PYOtherRevenueAmt07228
IRS990/PYProgramServiceRevenueAmt027753
IRS990/PYRevenuesLessExpensesAmt0-356554
IRS990/PYSalariesCompEmpBnftPaidAmt0120944
IRS990/PYTotalExpensesAmt0637829
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0281275
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0122903
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt02563
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt028322
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0835762
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0937286
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0293119
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0246294
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0208705
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0625602
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0105791
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01479511
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt051120
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt02726
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt03958
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt06813
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt08133
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt072750
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0239175
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.93380
IRS990ScheduleA/PublicSupportPY170Pct00.96340
IRS990ScheduleA/PublicSupportTotal170Amt01449524
IRS990ScheduleA/SubstantialContributorsTotAmt029987
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0293119
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0246294
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0208705
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0625602
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0105791
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01479511
IRS990ScheduleA/TotalSupportAmt01552261
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0835762
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0840882
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt05120
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0863990
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0835762
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt013498
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt041726
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0882244
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0863990
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt015218
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt033932
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0848492
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0882244
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt067684
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt033932
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0817251
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0848492
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt040251
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt09010
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt01337
IRS990ScheduleD/EquipmentGrp/DepreciationAmt098699
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0100036
IRS990ScheduleD/LandGrp/BookValueAmt0399000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0399000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0161086
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0279466
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0440552
IRS990ScheduleD/SolicitedAssetsSaleInd00
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0COLLECTION ITEMS ACQUIRED EITHER THROUGH PURCHASE OR DONATION ARE NOT CAPITALIZED. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS IF PURCHASED WITH UNRESTRICTED ASSETS AND AS DECREASES IN TEMPORARILY RESTRICTED OR PERMANENTLY RESTRICTED NET ASSETS IF PURCHASED WITH DONOR-RESTRICTED ASSETS. PROCEEDS FROM DE-ACCESSIONS OR INSURANCE RECOVERIES ARE REFLECTED ON THE STATEMENT OF ACTIVITIES BASED ON THE ABSENCE OR EXISTENCE AND NATURE OF DONOR-IMPOSED RESTRICTIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART III, LINE 1A:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0561423
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt03561
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0PAINT THE PORT
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0ART IN THE PARK
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt020827
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt01763
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt022590
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt020827
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt01763
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt022590
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt019029
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt03561
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt03561
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt02
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0POSITIONS ARE ELECTED EACH YEAR BY BOARD MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FINANCIAL STATEMENTS ARE REVIEWED AND APPROVED BY THE BOARD EACH YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 IS REVIEWED BY THE PRESIDENT AND TREASURER OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FORM 990 IS AVAILABLE TO THE PUBLIC AS A RESULT OF A WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4A MEMBER OF THE PUBLIC MAY REQUEST A COPY OF A SPECIFIC POLICY OR FINANCIALS OF THE ART CENTER. A REQUEST FOR A COPY OF THE POLICY WILL BE REVIEWED BY THE EXECUTIVE COMMITTEE AND RESPONDED TO ACCORDING TO THEIR DIRECTION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,770,629
Liabilities
$22,622
Net assets
$1,748,007
Revenue
$343,033
Expenses
$220,130
Net income
$122,903
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$4.07$0.00$4.07$1.07$0.36$0.70
2024Detailed filing. Detailed filing data is available for this year.$3.31$0.00$3.31$1.08$0.35$0.73
2023Detailed filing. Detailed filing data is available for this year.$2.52$0.07$2.46$0.62$0.37$0.25
2022Detailed filing. Detailed filing data is available for this year.$2.36$0.15$2.21$0.37$0.36$0.01
2021Detailed filing. Detailed filing data is available for this year.$1.77$0.02$1.75$0.34$0.22$0.12
2020Detailed filing. Detailed filing data is available for this year.$1.55$0.05$1.50$0.28$0.64$0.36
2019Detailed filing. Detailed filing data is available for this year.$1.87$0.02$1.85$0.27$0.24$0.04
2018Detailed filing. Detailed filing data is available for this year.$1.82$0.03$1.80$0.71$0.21$0.49
2017Detailed filing. Detailed filing data is available for this year.$1.30$0.04$1.26$0.23$0.21$0.02
2016Detailed filing. Detailed filing data is available for this year.$1.25$0.05$1.20$0.17$0.20$0.04
2015Detailed filing. Detailed filing data is available for this year.$1.26$0.06$1.21$0.17$0.21$0.04
2014Detailed filing. Detailed filing data is available for this year.$1.35$0.05$1.30$0.23$0.21$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.27$0.06$1.21$0.21
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.26$0.06$1.20$0.22
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.23$0.01$1.22$0.23