Experimental Sound Studio
- Assets
- $543.3k
- Revenue
- $375.4k
- Investments
- $0.0
- Employees
- 4
- Location
- Chicago, IL
- Founding
- 02/1987
- Data as of
- 12/2022
- EIN
- 36-3482714
Organization Overview
Experimental Sound Studio is located in Chicago, IL. The organization was established in 1987. As of 12/2022, Experimental Sound Studio employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Experimental Sound Studio 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 12/2022, Experimental Sound Studio generated $375.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $372.4k during the year ending 12/2022. While expenses have increased by 2.7% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ESS IS A NON-PROFIT, ARTIST-RUN ORGANIZATION FOCUSED ON SOUND IN ALL ITS CULTURAL MANIFESTATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ESS PRESENTS ECLECTIC PERFORMANCE AND INSTALLATION PROGRAMMING, AROUND THE STUDIO AND AT VARIOUS PARTNER VENUES AROUND CHICAGO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Vida Managing Dir. | Officer | 40 | $47,590 |
Carrie Cooper President | OfficerTrustee | 1 | $0 |
Liz Pensel Treasurer | OfficerTrustee | 1 | $0 |
Lou Mallozzi Secretary | OfficerTrustee | 1 | $0 |
Kim Alpert Director | Trustee | 1 | $0 |
Darin Walsh Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $79,475 |
| All other contributions, gifts, grants, and similar amounts not included above | $218,594 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $298,069 |
| Total Program Service Revenue | $77,290 |
| Investment income | $9 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $375,368 |
| 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. | $47,590 |
| Compensation of current officers, directors, key employees. | $4,759 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $104,860 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,087 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $135,691 |
| Advertising and promotion | $4,849 |
| Office expenses | $7,099 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,395 |
| Travel | $9,593 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,395 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $372,441 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,699 |
| Savings and temporary cash investments | $130,900 |
| Pledges and grants receivable | $89,099 |
| Accounts receivable, net | $1,893 |
| 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 | $314,727 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $543,318 |
| Accounts payable and accrued expenses | $2,884 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $24,640 |
| Total liabilities | $27,524 |
| Net assets without donor restrictions | $390,730 |
| Net assets with donor restrictions | $125,064 |
| 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 | $543,318 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Experimental Sound Studio has recieved totaling $119,368.
| Awarding Organization | Amount |
|---|---|
Dew Foundation Tyler, TX PURPOSE: INSURANCE PREMIUM GRANT & ESS GENERAL OPERATING SUPPORT | $72,171 |
Walter And Karla Goldschmidt Foundation Glencoe, IL PURPOSE: ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED | $15,000 |
Joliet Foundation Englewood, CO PURPOSE: GENERAL FUND | $9,000 |
Crossroads Fund Chicago, IL PURPOSE: General operations | $8,000 |
Hyde Park Art Center Chicago, IL PURPOSE: PROVIDES ARTIST-RUN INITIATIVES, COLLABORATIONS, AND INDEPENDENT ORGANIZATIONS WITH FLEXIBLE FUNDING TO PURSUE THEIR UNIQUE VISIONS. | $8,000 |
Dr Edward S Orzac Foundation Inc Chicago, IL PURPOSE: EDUCATIONAL | $4,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lyric Opera Of Chicago Chicago, IL | $270,226,178 | $60,302,671 |
Music And Event Management Inc Cincinnati, OH | $33,809,112 | $73,072,797 |
Field Museum Of Natural History Chicago, IL | $874,117,562 | $94,095,312 |
Interlochen Center For The Arts Interlochen, MI | $234,270,312 | $77,699,935 |
The Edison Institute Inc Dearborn, MI | $598,342,638 | $88,893,387 |
Cleveland Museum Of Art Cleveland, OH | $1,319,088,329 | $90,038,138 |
Minnesota Historical Society Saint Paul, MN | $261,681,031 | $58,257,393 |
Community Business Partnership Inc Springfield, VA | $2,560,570 | $55,247,461 |
The Musical Arts Association Cleveland, OH | $284,635,926 | $54,210,898 |
Crystal Bridges Museum Of American Art Inc Bentonville, AR | $1,732,386,844 | $177,931,616 |
Navy Pier Inc Chicago, IL | $199,546,550 | $62,194,092 |
Credit Unions Chartered In The State Of Michigan Plymouth, MI | $1,253,139,306 | $61,092,324 |