Civic Intelligence

Epic Art Space Inc.

990 • Fiscal year 2022 • EIN 84-4586968

Jan 01, 2022 to Dec 31, 2022 • Filed on May 08, 2023

1850 N Western AveChicago, IL 60647

(312) 722-6476

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

52nd percentile

5.6%

Higher net margin than 52% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

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.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Assets

$15,700

No earlier filing loaded for comparison.

Net Assets

$15,700

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

$103,000

No earlier filing loaded for comparison.

Expenses

$97,216

No earlier filing loaded for comparison.

Net Income

$5,784

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$30K$20K$10K$0Assets 2022: $15,700Liabilities 2022: $0Net Assets 2022: $15,7002022Assets 2023: $22,138Net Assets 2023: $22,1382023Assets 2024: $9,404Net Assets 2024: $9,4042024

Highlighted filing

2022

Assets$15,700
Liabilities$0
Net Assets$15,700

Operations Trend

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

$150K$100K$50K$0-$50KRevenue 2022: $103,000Expenses 2022: $97,216Net Income 2022: $5,7842022Revenue 2023: $98,965Expenses 2023: $92,527Net Income 2023: $6,4382023Revenue 2024: $53,735Expenses 2024: $66,469Net Income 2024: -$12,7342024

Highlighted filing

2022

Revenue$103,000
Expenses$97,216
Net Income$5,784
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 8, 2023
Return Version
2022v5.0
Gross Receipts
$104,117
Mission and Program Overview

Mission

To provide arts education and awareness for the community

Provide art education, awareness programs and classes for the community and general public

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$9,916$15,700▲ $5,784
Total Assets$9,916$15,700▲ $5,784
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$9,916$15,700▲ $5,784
Total Liabilities and Net Assets / Fund Balance$9,916$15,700▲ $5,784
Compensation and Service Providers

Board Members and Trustees

NameTitle
Peter KibanyiPresident
Mara AguirreSecretary
Lizzete HarkinsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$86,040
Program Service Revenue
$16,762
Investment Income
$0
Other Revenue
$198
All Other Contributions
$86,040
Change in Net Assets
$5,784
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$71,512
Salaries, Compensation, and Employee Benefits$25,354
Grants and Similar Amounts Paid$350
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$62,510--$62,510
Other Salaries and Wages$4,056$21,298-$25,354
Fees for Services Other$3,796--$3,796
Travel-$2,008-$2,008
Information Technology-$1,571-$1,571
Office Expenses-$1,258-$1,258
Other Expenses$252--$252
Grants to Domestic Individuals$200--$200
Grants to Domestic Orgs$150--$150
Advertising-$117-$117
Total Functional Expenses$70,964$26,252$0$97,216
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$198
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI, Line 19

All documents are available upon request at the company offices

Filing and Contact Details

Filer

Filer Name
Epic Art Space Inc
EIN
84-4586968
Phone
3127226476
Address
1850 N WESTERN AVE, Chicago, IL 60647

Signing Officer

Name
Lizzete Harkins
Title
Treasurer/director
Phone
3127226476
Signed
2023-05-08
Discuss with paid preparer
No

Organization Details

Principal Officer
Peter Kibanyi
Formed
2020
Legal Domicile
Il
Voting Board Members
3
Independent Board Members
3
Employees
4
Volunteers
40

Preparer

Firm
Hrb Tax Group Inc
Address
1301 MAIN ST STE 102C, KANSAS CITY, MO 64105
Preparer
William Wallace
Phone
8004725625
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