Civic Intelligence

Artists Book House Nfp

990 • Fiscal year 2023 • EIN 84-3232728

Jan 01, 2023 to Dec 31, 2023 • Filed on May 15, 2024

3901 N Hamlin AvenueChicago, IL 60618

(708) 715-9346

Siviq Scores

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

Liabilities / Assets

65th percentile

0.01x

Higher debt load relative to assets than 65% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

74th percentile

0.03x

Higher debt load relative to revenue than 74% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

13th percentile

-38%

Higher net margin than 13% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

36th percentile

-6.7%

Faster asset growth than 36% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

32nd percentile

-11%

Faster revenue growth than 32% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Down

$445,624

Down $32,121 (-6.7%) from 2022

Net Assets

Down

$442,107

Down $34,142 (-7.2%) from 2022

Liabilities

Up

$3,517

Up $2,021 (+135%) from 2022

Revenue

Down

$121,198

Down $15,662 (-11%) from 2022

Expenses

Up

$167,811

Up $100,078 (+148%) from 2022

Net Income

Down

-$46,613

Down $115,740 (-167%) from 2022

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2020: $97,873Liabilities 2020: $176Net Assets 2020: $97,6972020Assets 2021: $404,852Liabilities 2021: $614Net Assets 2021: $404,2382021Assets 2022: $477,745Liabilities 2022: $1,496Net Assets 2022: $476,2492022Assets 2023: $445,624Liabilities 2023: $3,517Net Assets 2023: $442,1072023Assets 2024: $375,541Liabilities 2024: $414Net Assets 2024: $375,1272024

Highlighted filing

2023

Assets$445,624
Liabilities$3,517
Net Assets$442,107

Operations Trend

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

$400K$200K$0-$200KRevenue 2020: $105,580Expenses 2020: $13,055Net Income 2020: $92,5252020Revenue 2021: $341,480Expenses 2021: $38,816Net Income 2021: $302,6642021Revenue 2022: $136,860Expenses 2022: $67,733Net Income 2022: $69,1272022Revenue 2023: $121,198Expenses 2023: $167,811Net Income 2023: -$46,6132023Revenue 2024: $134,154Expenses 2024: $201,134Net Income 2024: -$66,9802024

Highlighted filing

2023

Revenue$121,198
Expenses$167,811
Net Income-$46,613
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 15, 2024
Return Version
2023v5.0
Gross Receipts
$209,095
Mission and Program Overview

Mission

Founded by former faculty, staff, and alumni of the columbia college chicago center for book and paper arts, the organizations purpose is to create a new home in chicagoland where artists, writers, readers, and other thoughtful people can gather to learn and create. The organization's mission is establising an educational organization devoted to fostering community through the book arts: writing, reading, printing, bookbinding, papermaking, typography, calligraphy, poetry, fiction, and more.

Artists book house is a new organization devoted to the book arts: writing, reading, printing, bookbinding, papermaking, typography, calligraphy, poetry, fiction, memoir, artists books, publishing, comics, zines, and much, much more. It is a place where artists, writers, readers, and other thoughtful people gather to learn and create. Through education, exhibitions, publications, and events, artists book house expands our community. We promote the literary arts and the crafts of book making. We rejoice in the physical form of the book and embrace interdisciplinary approaches to the book arts. We are committed to conservation, understanding the history and craft of the book, and sharing knowledge. We celebrate diversity and are committed to empowering people to tell their stories, to transform their worlds into books.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net-$200,000-
Investments in Publicly Traded Securities$191,334--
Cash and Non-Interest-Bearing Accounts$194,228$145,693▼ $48,535
Land, Buildings, and Equipment, Net$87,700$14,470▼ $73,230
Inventories for Sale or Use$4,483$5,461▲ $978
Total Assets$477,745$445,624▼ $32,121
Other Assets Total-$80,000-
Liabilities
Other Liabilities$1,496$3,517▲ $2,021
Total Liabilities$1,496$3,517▲ $2,021
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$476,249$442,107▼ $34,142
Total Net Assets Fund Balance$476,249$442,107▼ $34,142
Total Liabilities and Net Assets / Fund Balance$477,745$445,624▼ $32,121

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$14,470$1,608$16,078
Other Assets Org$80,000--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Eileen MaddenPresident
Eileen PollardSecretary
-Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$190,001
Program Service Revenue
$8,184
Investment Income
$-77,914
Other Revenue
$927
All Other Contributions
$188,001
Change in Net Assets
$-46,613
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$86,530
Salaries, Compensation, and Employee Benefits$81,281
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$75,630--$75,630
Insurance$20,308--$20,308
Occupancy$20,120--$20,120
Office Expenses-$10,051-$10,051
Fees for Services Other$8,275--$8,275
Payroll Taxes$5,651--$5,651
Depreciation Depletion$4,765--$4,765
Fees for Services Accounting-$4,641-$4,641
Other Expenses$1,862--$1,862
Fees for Services Legal-$1,825-$1,825
All Other Expenses$1,388--$1,388
Conferences and Meetings$720--$720
Advertising$673--$673
Total Functional Expenses$151,294$16,517$0$167,811
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit Card$1,981
Payroll Lioabilities$830
Direct Deposit Payable$442
Due to E. Madden$250
Due to Idr$14
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The board of directors will review the 990 prior to the filing with the irs.

Form 990, Page 6, Part VI, Line 19

A copy of the 990 can be emailed to those that request the information bu contacting a team member via the organization's website.

Filing and Contact Details

Filer

Filer Name
Artists Book House Nfp
EIN
84-3232728
Phone
7087159346
Address
3901 N HAMLIN AVENUE, CHICAGO, IL 60618

Signing Officer

Name
Eileen Pollard
Title
Treasurer
Phone
7087159346
Signed
2024-05-15
Discuss with paid preparer
Yes

Organization Details

Formed
2019
Voting Board Members
12
Independent Board Members
12
Employees
2

Preparer

Firm
KOLNICKI PETERSON & WIRTH CPA'S
Address
1400 OPUS PLACE SUITE 100, DOWNERS GROVE, IL 60515
Preparer
Kenneth W Peterson CPA
Phone
6303901140
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Founded by former faculty, staff, and alumni of the columbia college chicago center for book and paper arts, the organizations purpose is to create a new home in chicagoland where artists, writers, readers, and other thoughtful people can gather to learn and create. The organization's mission is establising an educational organization devoted to fostering community through the book arts: writing, reading, printing, bookbinding, papermaking, typography, calligraphy, poetry, fiction, and more.

Form 990, Page 2, Part III, Line 4A

Artists book house is a new organization devoted to the book arts: writing, reading, printing, bookbinding, papermaking, typography, calligraphy, poetry, fiction, memoir, artists books, publishing, comics, zines, and much, much more. It is a place where artists, writers, readers, and other thoughtful people gather to learn and create. Through education, exhibitions, publications, and events, artists book house expands our community. We promote the literary arts and the crafts of book making. We rejoice in the physical form of the book and embrace interdisciplinary approaches to the book arts. We are committed to conservation, understanding the history and craft of the book, and sharing knowledge. We celebrate diversity and are committed to empowering people to tell their stories, to transform their worlds into books. It will offer comprehensive instruction in the book and literary arts through classes for adults and children, artist talks, author readings, exhibitions and outreach programming. It intends to have a book shop and offer internships to train a new, diverse generation of artists, writers, and artisans. It will offer opportunities for artists and writers to publish, exhibit, and sell their work. It will have a library which will be available to the public for research. It will have a caf which will be a hub of social life of the organization.

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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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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3DUE TO E. MADDEN
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FOUNDED BY FORMER FACULTY, STAFF, AND ALUMNI OF THE COLUMBIA COLLEGE CHICAGO CENTER FOR BOOK AND PAPER ARTS, THE ORGANIZATIONS PURPOSE IS TO CREATE A NEW HOME IN CHICAGOLAND WHERE ARTISTS, WRITERS, READERS, AND OTHER THOUGHTFUL PEOPLE CAN GATHER TO LEARN AND CREATE. THE ORGANIZATION'S MISSION IS ESTABLISING AN EDUCATIONAL ORGANIZATION DEVOTED TO FOSTERING COMMUNITY THROUGH THE BOOK ARTS: WRITING, READING, PRINTING, BOOKBINDING, PAPERMAKING, TYPOGRAPHY, CALLIGRAPHY, POETRY, FICTION, AND MORE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ARTISTS BOOK HOUSE IS A NEW ORGANIZATION DEVOTED TO THE BOOK ARTS: WRITING, READING, PRINTING, BOOKBINDING, PAPERMAKING, TYPOGRAPHY, CALLIGRAPHY, POETRY, FICTION, MEMOIR, ARTISTS BOOKS, PUBLISHING, COMICS, ZINES, AND MUCH, MUCH MORE. IT IS A PLACE WHERE ARTISTS, WRITERS, READERS, AND OTHER THOUGHTFUL PEOPLE GATHER TO LEARN AND CREATE. THROUGH EDUCATION, EXHIBITIONS, PUBLICATIONS, AND EVENTS, ARTISTS BOOK HOUSE EXPANDS OUR COMMUNITY. WE PROMOTE THE LITERARY ARTS AND THE CRAFTS OF BOOK MAKING. WE REJOICE IN THE PHYSICAL FORM OF THE BOOK AND EMBRACE INTERDISCIPLINARY APPROACHES TO THE BOOK ARTS. WE ARE COMMITTED TO CONSERVATION, UNDERSTANDING THE HISTORY AND CRAFT OF THE BOOK, AND SHARING KNOWLEDGE. WE CELEBRATE DIVERSITY AND ARE COMMITTED TO EMPOWERING PEOPLE TO TELL THEIR STORIES, TO TRANSFORM THEIR WORLDS INTO BOOKS. IT WILL OFFER COMPREHENSIVE INSTRUCTION IN THE BOOK AND LITERARY ARTS THROUGH CLASSES FOR ADULTS AND CHILDREN, ARTIST TALKS, AUTHOR READINGS, EXHIBITIONS AND OUTREACH PROGRAMMING. IT INTENDS TO HAVE A BOOK SHOP AND OFFER INTERNSHIPS TO TRAIN A NEW, DIVERSE GENERATION OF ARTISTS, WRITERS, AND ARTISANS. IT WILL OFFER OPPORTUNITIES FOR ARTISTS AND WRITERS TO PUBLISH, EXHIBIT, AND SELL THEIR WORK. IT WILL HAVE A LIBRARY WHICH WILL BE AVAILABLE TO THE PUBLIC FOR RESEARCH. IT WILL HAVE A CAF WHICH WILL BE A HUB OF SOCIAL LIFE OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS WILL REVIEW THE 990 PRIOR TO THE FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A COPY OF THE 990 CAN BE EMAILED TO THOSE THAT REQUEST THE INFORMATION BU CONTACTING A TEAM MEMBER VIA THE ORGANIZATION'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
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ReturnHeader/BusinessOfficerGrp/PersonNm0EILEEN POLLARD
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KOLNICKI PETERSON & WIRTH CPA'S
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ReturnHeader/PreparerPersonGrp/PreparationDt02024-05-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KENNETH W PETERSON CPA
ReturnHeader/ReturnTs02024-05-14T16:44:04-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0EILEEN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0POLLARD
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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