United States Artists Inc
- Assets
- $41.9m
- Revenue
- $5.7m
- Investments
- $572.9k
- Employees
- 11
- Location
- Chicago, IL
- Founding
- 12/2004
- Data as of
- 06/2020
- EIN
- 22-3903993
Organization Overview
United States Artists Inc is located in Chicago, IL. The organization was established in 2004. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2020, United States Artists Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 06/2020, United States Artists Inc generated $5.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.0%) each year. All expenses for the organization totaled $5.7m during the year ending 06/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
WE BELIEVE IN ARTISTS AND THEIR ESSENTIAL ROLE IN OUR SOCIETY. EACH YEAR, WE AWARD UP TO FIFTY $50,000 UNRESTRICTED FELLOWSHIPS TO THE MOST COMPELLING ARTISTS WORKING AND LIVING IN THE UNITED STATES, IN ALL DISCIPLINES, AT EVERY STAGE OF THEIR CAREER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
USA FELLOWSHIPS ARE $50,000 UNRESTRICTED AWARDS FOR INDIVIDUAL ARTISTS AND COLLABORATIVES ACROSS THE UNITED STATES AND ITS TERRITORIES AND AWARDED IN THE FOLLOWING DISCIPLINES: ARCHITECTURE, CRAFTS, DANCE, FILM, MEDIA, MUSIC, THEATER AND PERFORMANCE, TRADITIONAL ARTS, VISUAL ART, AND WRITING. THEY ARE AWARDED TO ARTISTS AT ANY CAREER STAGE --EMERGING, MID-CAREER, AND ESTABLISHED. EACH YEAR, THE FELLOWSHIP RECOGNIZES ARTISTS WHO DEMONSTRATE ARTISTIC EXCELLENCE, INNOVATIVE VISION, SIGNIFICANT IMPACT TO THE CULTURAL LANDSCAPE, AND PROFESSIONAL MOMENTUM. USA BERRESFORD PRIZE IS AN ANNUAL AWARD THAT HONORS CULTURAL PRACTITIONERS WHO HAVE CONTRIBUTED SIGNIFICANTLY TO THE ADVANCEMENT, WELLBEING, AND CARE OF ARTISTS IN SOCIETY.
COLLABORATIVE PROJECTS TO CONSULT WITH OTHER ORGANIZATIONS TO CREATE, DOCUMENT AND FACILITATE THE NEW ARTIST AWARD INITIATIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,985,160 |
| Investment income | $279,900 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$4,051 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,742,509 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $3,525,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $378,017 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $758,660 |
| Pension plan accruals and contributions | $25,495 |
| Other employee benefits | $95,374 |
| Payroll taxes | $72,239 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,780 |
| Fees for services: Accounting | $36,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $90,279 |
| Fees for services: Other | $180,017 |
| Advertising and promotion | $2,114 |
| Office expenses | $34,554 |
| Information technology | $33,976 |
| Royalties | $0 |
| Occupancy | $93,582 |
| Travel | $113,794 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,564 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,950 |
| Insurance | $12,382 |
| All other expenses | $0 |
| Total functional expenses | $5,691,458 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,354,120 |
| Savings and temporary cash investments | $1,913,977 |
| Pledges and grants receivable | $1,818,421 |
| Accounts receivable, net | $257,229 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $82,720 |
| Investments—publicly traded securities | $27,897,503 |
| Investments—other securities | $572,878 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $41,911,763 |
| Accounts payable and accrued expenses | $1,295,046 |
| Grants payable | $0 |
| Deferred revenue | $11,189,292 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $12,484,338 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $29,427,425 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that United States Artists Inc has recieved totaling $286,250.
| Awarding Organization | Amount |
|---|---|
Al Held Foundation Inc Boiceville, NY PURPOSE: UNRESTRICTED CHARITABLE PURPOSES | $100,000 |
Sue Hostetler & Beau Wrigley Family Foundation Inc Chicago, IL PURPOSE: SUPPORTING LIVING ARTISTS AND CULTURAL PRACTITIONERS | $75,000 |
Pillars Fund Chicago, IL PURPOSE: Program Support | $60,000 |
The Wilhelm Family Foundation Los Angeles, CA PURPOSE: "COVID-19 ARTIST RELIEF FUND" | $28,750 |
Gary And Denise Gardner Family Foundation Chicago, IL PURPOSE: CHARITABLE | $10,000 |
Jay Defeo Foundation San Francisco, CA PURPOSE: ARTIST RELIEF FUND | $10,000 |
Endowment Analysis
| Beg. Balance | $28,382,964 |
| Earnings | $188,357 |
| Net Contributions | $775,000 |
| Other Expense | $1,615,229 |
| Ending Balance | $27,731,092 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Center Of Creative Arts Saint Louis, MO | $25,916,894 | $8,269,235 |
John Michael Kohler Arts Center Inc Sheboygan, WI | $88,363,238 | $14,246,334 |
Puerto Rican Cultural Center Chicago, IL | $8,314,158 | $8,458,971 |
The Center For The Performing Arts Inc Carmel, IN | $10,128,533 | $8,123,796 |
United States Artists Inc Chicago, IL | $41,911,763 | $5,742,509 |
Bertha D Garten Ketcham Memorial Center Inc Odon, IN | $8,585,031 | $6,014,564 |
American College Of Occupational And Environmental Medicine Elk Grove Village, IL | $4,998,905 | $4,833,680 |
Kohler Trust For The Arts And Education Kohler, WI | $8,614,854 | $4,392,207 |
Kranzberg Arts Foundation St Louis, MO | $16,087,650 | $5,436,777 |
Winnetka Community House Winnetka, IL | $14,501,865 | $3,165,480 |
Association Of American Voices Saint Louis, MO | $504,916 | $3,035,847 |
Brucemore Inc Cedar Rapids, IA | $18,914,126 | $1,880,719 |