Eta Creative Arts Foundation
- Assets
- $4.1m
- Revenue
- $249.1k
- Investments
- $0.0
- Employees
- 1
- Location
- Chicago, IL
- Founding
- 12/1971
- Data as of
- 12/2023
- EIN
- 23-7157694
Organization Overview
Eta Creative Arts Foundation is located in Chicago, IL. The organization was established in 1971. According to its NTEE Classification (A65) the organization is classified as: Theater, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eta Creative Arts Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Eta Creative Arts Foundation generated $249.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $399.3k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THEATRICAL PERFORMANCES FOR THE GENERAL PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRODUCTIONS: ETA CREATIVE ARTS FOUNDATION PROVIDES PROFESSIONAL OPPORTUNITIES THROUGH PERFORMANCES AND ON THE JOB TRAINING FOR THE DEVELOPMENT OF BOTH YOUTH AND YOUNG ADULTS AS ARTIST.
KIDS SUMMER CAMP: ETA PROVIDES A 8 WEEK SUMMER PERFORMING ARTS CAMP FOR THE YOUTH AGES 7-13
THEATER RENTAL: ETA CREATIVE ARTS FOUNDATION RENTS ITS FACILITIES TO LOCAL GROUPS TO PROMOTE THEIR PRODUCTIONS.
COMMUNITY ENGAGEMENT: ETA HOST A PLETHORA OF COMMUNITY EVENTS FOR ADULTS THROUGHOUT THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Requel Gibson Board President | OfficerTrustee | 5 | $0 |
Dorretta Evans Parker Vice Chair | OfficerTrustee | 5 | $0 |
Markena Peavy Director | Trustee | 5 | $0 |
Fernando Jones Director | Trustee | 5 | $0 |
Kenya Thomas Executive Director | Officer | 40 | $75,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $3,203 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $172,800 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $176,003 |
| Total Program Service Revenue | $62,290 |
| Investment income | $7,078 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$9,539 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $249,064 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $82,171 |
| Compensation of current officers, directors, key employees. | $51,628 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $36,809 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $23,030 |
| Advertising and promotion | $13,702 |
| Office expenses | $36,417 |
| Information technology | $5,116 |
| Royalties | $0 |
| Occupancy | $54,861 |
| Travel | $5,659 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,136 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $64,474 |
| Insurance | $17,269 |
| All other expenses | $0 |
| Total functional expenses | $399,313 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $339,949 |
| Savings and temporary cash investments | $811,004 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $2,976,013 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,000 |
| Total assets | $4,131,966 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $513,817 |
| 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 | $17,260 |
| Other liabilities | $66,400 |
| Total liabilities | $597,477 |
| Net assets without donor restrictions | $2,710,527 |
| Net assets with donor restrictions | $823,962 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,131,966 |