Neo-Futurists
- Assets
- $305.0k
- Revenue
- $463.0k
- Investments
- $0.0
- Employees
- 25
- Location
- Chicago, IL
- Founding
- 10/1991
- Data as of
- 08/2023
- EIN
- 36-3731415
Organization Overview
Neo-Futurists is located in Chicago, IL. The organization was established in 1991. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 08/2023, Neo-Futurists employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Neo-Futurists 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 08/2023, Neo-Futurists generated $463.0k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $423.9k during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (3.4%) per year over the past 8 years. 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
THE PRODUCTION OF AFFORDABLE THEATRE AND THEATRE CLASSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY THEATRE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ben Bollinger Director | Trustee | 4 | $0 |
Anna Boshardy Director | Trustee | 4 | $0 |
Leah Casto Director | Trustee | 4 | $0 |
Eric Grant President | OfficerTrustee | 4 | $0 |
Dhiren Jhaveri Treasurer | OfficerTrustee | 4 | $0 |
Hilary Odom Director | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $37,100 |
| All other contributions, gifts, grants, and similar amounts not included above | $131,835 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $168,935 |
| Total Program Service Revenue | $228,084 |
| Investment income | $10,538 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $44,200 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $11,202 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $462,959 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $159,131 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $24,961 |
| Payroll taxes | $15,796 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,000 |
| Advertising and promotion | $1,056 |
| Office expenses | $5,712 |
| Information technology | $7,319 |
| Royalties | $0 |
| Occupancy | $52,800 |
| Travel | $505 |
| 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 | $5,453 |
| Insurance | $6,055 |
| All other expenses | $12,328 |
| Total functional expenses | $423,861 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $135,465 |
| Savings and temporary cash investments | $0 |
| 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 | $37,184 |
| Investments—publicly traded securities | $132,314 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $304,963 |
| Accounts payable and accrued expenses | -$5,367 |
| Grants payable | $0 |
| Deferred revenue | $12,667 |
| 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 | $2,482 |
| Total liabilities | $9,782 |
| Net assets without donor restrictions | $295,181 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $304,963 |