Cedille Chicago Nfp
- Assets
- $9.3m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 8
- Location
- Chicago, IL
- Founding
- 03/1994
- Data as of
- 12/2021
- EIN
- 36-3925368
Organization Overview
Cedille Chicago Nfp is located in Chicago, IL. The organization was established in 1994. According to its NTEE Classification (A33) the organization is classified as: Printing & Publishing, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Cedille Chicago Nfp employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cedille Chicago Nfp 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 12/2021, Cedille Chicago Nfp generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.8% each year . All expenses for the organization totaled $1.2m during the year ending 12/2021. While expenses have increased by 4.1% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CEDILLE CHICAGO, NFP IS DEVOTED TO THE ACTIVITY OF PRODUCING AND MARKETING RECORDINGS OF CLASSICAL MUSIC BY CHICAGO-AREA MUSICIANS AND COMPOSERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CEDILLE RECORDS RELEASES AN AVERAGE OF EIGHT RECORDINGS PER YEAR. RECORDING PROJECTS ARE ARTIST-DRIVEN, GENERATED DIRECTLY FROM THE ARTISTS' INTERESTS AND AESTHETIC SENSIBILITIES. DRIVEN BY DESIRE TO FURTHER ARTISTS' CAREERS, CEDILLE CONTINUALLY SEEKS TO ADD NEW ARTISTS TO ITS ROSTER. CEDILLE BEARS PRODUCTION, DISTRIBUTION, AND PROMOTION EXPENSES ASSOCIATED WITH EACH RECORDING, DRAWING FROM CONTINUED SUPPORT BY INDIVIDUALS AND ORGANIZATIONS, PLUS ALBUM SALES REVENUE. RECORDINGS ARE NEVER REMOVED FROM CEDILLE'S CATALOG. EACH ALBUM IS INTENDED TO SERVE AS A PERMANENT ADDITION TO THE WORLD'S CATALOG OF CLASSICAL MUSIC. CEDILLE WORKS CLOSELY WITH ARTISTS AND INVESTS HEAVILY IN PROMOTING EACH RELEASE TO ENSURE THAT EACH WILL HAVE THE MAXIMUM IMPACT ON THE ARTISTS' CAREERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Ginsburg President | OfficerTrustee | 40 | $176,797 |
William Maylone Rec. Engineer | 40 | $139,937 | |
Julie Polanski Dir. Of Develop. | 40 | $100,300 | |
Judith Mccue Secretary | OfficerTrustee | 1 | $0 |
Ed Malone Chairman | OfficerTrustee | 2 | $0 |
John R Schmidt Vice Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $136,800 |
| Related organizations | $0 |
| Government grants | $162,355 |
| All other contributions, gifts, grants, and similar amounts not included above | $813,551 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,112,706 |
| Total Program Service Revenue | $0 |
| Investment income | $92,285 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $44,641 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $354,527 |
| Net Income from Fundraising Events | -$53,501 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$107,973 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,449,691 |
| 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. | $176,797 |
| Compensation of current officers, directors, key employees. | $17,680 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $395,069 |
| Pension plan accruals and contributions | $63,167 |
| Other employee benefits | $150,397 |
| Payroll taxes | $28,766 |
| 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 | $56,304 |
| Fees for services: Other | $67,798 |
| Advertising and promotion | $26,621 |
| Office expenses | $24,648 |
| Information technology | $0 |
| Royalties | $30,420 |
| Occupancy | $56,703 |
| Travel | $9,835 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $953 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $29,968 |
| Insurance | $6,167 |
| All other expenses | $24,311 |
| Total functional expenses | $1,207,875 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $66,022 |
| Savings and temporary cash investments | $476,564 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $22,691 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $187,071 |
| Prepaid expenses and deferred charges | $18,810 |
| Net Land, buildings, and equipment | $12,409 |
| Investments—publicly traded securities | $7,263,414 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,200,848 |
| Other assets | $4,950 |
| Total assets | $9,252,779 |
| Accounts payable and accrued expenses | $44,958 |
| 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 | $134,855 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $179,813 |
| Net assets without donor restrictions | $8,953,440 |
| Net assets with donor restrictions | $119,526 |
| 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 | $9,252,779 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Cedille Chicago Nfp has recieved totaling $125,296.
| Awarding Organization | Amount |
|---|---|
Prince Foundation Chicago, IL PURPOSE: GENERAL OPERATING SUPPORT | $35,000 |
Dew Foundation Tyler, TX PURPOSE: PERSPECTIVES | $30,000 |
Negaunee Foundation Ltd Northbrook, IL PURPOSE: UNRESTRICTED USE | $30,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $22,250 |
Elizabeth F Cheney Foundation Winnetka, IL PURPOSE: MATCHING GRANT | $5,000 |
Beech Street Foundation Washington, DC PURPOSE: VOLUNTARY CONTRIBUTION | $2,000 |
Endowment Analysis
| Beg. Balance | $3,000,000 |
| Earnings | $184,546 |
| Other Expense | $184,546 |
| Ending Balance | $3,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greater Education Opportunities Foundation Indianapolis, IN | $17,673,440 | $7,674,537 |
The Center For Economic Research And Social Change Inc Chicago, IL | $10,561,395 | $6,102,602 |
Life Christian Outreach Inc Columbia, MO | $987,065 | $3,533,207 |
The Christian Century Chicago, IL | $17,596,828 | $3,273,341 |
Investigative Reporters And Editors Inc Columbia, MO | $8,372,941 | $3,252,818 |
Midwest Political Science Association Bloomington, IN | $7,512,584 | $2,303,181 |
Growing Community Media Nfp Oak Park, IL | $1,136,740 | $1,810,239 |
Rod & Staff Publishers Inc Crockett, KY | $12,819,778 | $1,848,923 |
Cedille Chicago Nfp Chicago, IL | $9,252,779 | $1,449,691 |
Wcij Inc Madison, WI | $2,099,123 | $1,902,825 |
Iowa State Daily Publication Ames, IA | $272,602 | $1,179,802 |
Purdue Student Publishing Foundation West Lafayette, IN | $4,866,330 | $726,874 |