Beverly Art Center
- Assets
- $7.6m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 28
- Location
- Chicago, IL
- Founding
- 12/1967
- Data as of
- 08/2023
- EIN
- 36-6165922
Organization Overview
Beverly Art Center is located in Chicago, IL. The organization was established in 1967. 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 08/2023, Beverly Art Center employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beverly Art Center 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, Beverly Art Center generated $2.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $2.5m during the year ending 08/2023. While expenses have increased by 6.0% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
COMMUNITY ART CENTER IN BEVERLY NEIGHBORHOOD OF CHICAGO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES ARTISTIC PROGRAMMING THROUGH ITS SCHOOL OF THE ARTS, DANCE STUDIO, ADULT AND CHILDREN'S PERFORMANCE PROGRAMMING, SPECIAL EVENTS, AND EDUCATION OUTREACH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stacey Recht President | OfficerTrustee | 2 | $0 |
Chris Wilczak Vice President | OfficerTrustee | 2 | $0 |
Sonja Brisard Treasurer | OfficerTrustee | 2 | $0 |
Amy Stickel Secretary | OfficerTrustee | 2 | $0 |
Shayna Gray Director | Trustee | 2 | $0 |
Ed Mcgunn Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $10,736 |
| Fundraising events | $8,130 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $515,336 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $534,202 |
| Total Program Service Revenue | $1,363,498 |
| Investment income | $194 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $39,741 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $15,655 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $23,694 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,978,600 |
| 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. | $101,843 |
| Compensation of current officers, directors, key employees. | $25,980 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $691,730 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $46,420 |
| Payroll taxes | $62,940 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $756,387 |
| Advertising and promotion | $40,030 |
| Office expenses | $242,288 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $109,712 |
| Travel | $4,576 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $41,740 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $258,974 |
| Insurance | $34,520 |
| All other expenses | $0 |
| Total functional expenses | $2,472,897 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,691 |
| Savings and temporary cash investments | $81,677 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $273,064 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,718 |
| Prepaid expenses and deferred charges | $47,041 |
| Net Land, buildings, and equipment | $7,115,223 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,290 |
| Total assets | $7,559,704 |
| Accounts payable and accrued expenses | $73,693 |
| Grants payable | $0 |
| Deferred revenue | $67,548 |
| 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 | $890,577 |
| Other liabilities | $47,758 |
| Total liabilities | $1,079,576 |
| Net assets without donor restrictions | $6,219,959 |
| Net assets with donor restrictions | $260,169 |
| 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 | $7,559,704 |