Open Center For The Arts
- Assets
- $24.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- Data as of
- 12/2021
- EIN
- 38-3936972
Organization Overview
Open Center For The Arts is located in Chicago, IL. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, 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. Open Center For The Arts 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, Open Center For The Arts generated $121.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (25.1%) each year. All expenses for the organization totaled $96.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (36.5%) per year over the past 2 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
0
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Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $89,500 |
| Total Program Service Revenue | $29,771 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $2,500 |
| Other Revenue | $0 |
| Total Revenue | $121,771 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $55,803 |
| Occupancy, rent, utilities, and maintenance | $14,856 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $26,174 |
| Total expenses | $96,833 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $24,938 |
| Other assets | $0 |
| Total assets | $24,938 |
| Total liabilities | $0 |
| Net assets or fund balances | $24,938 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Open Center For The Arts has recieved totaling $70,040.
| Awarding Organization | Amount |
|---|---|
Lincoln Park Zoological Society Chicago, IL PURPOSE: COMMUNITY OUTREACH | $35,540 |
Latinos Progresando Chicago, IL PURPOSE: General operating | $17,000 |
Alphawood Foundation Chicago, IL PURPOSE: GENERAL OPERATIONS | $15,000 |
Marquette Bank Affordable Housing Foundation Chicago, IL PURPOSE: COMMUNITY DEVELOPMENT | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Madam Walker Legacy Center Indianapolis, IN | $11,815,867 | $1,800,443 |
National Museum Of Mexican Art Chicago, IL | $19,674,194 | $15,502,542 |
Cityserve International Springfield, MO | $3,073,627 | $2,894,245 |
Instituto Cervantes Of Chicago Inc Chicago, IL | $741,739 | $2,489,461 |
The Alliance Francaise French House Of Chicago Chicago, IL | $5,091,056 | $2,088,000 |
Blackhawk Area Cu Savanna, IL | $44,108,339 | $1,720,364 |
Puerto Rican Arts Alliance Chicago, IL | $5,828,545 | $2,540,329 |
The National Museum Of Puerto Rican Arts And Culture Chicago, IL | $8,152,716 | $2,503,474 |
Hispanic-American Construction Industry Association Chicago, IL | $735,168 | $1,371,038 |
Siouxland Expo Center Sioux City, IA | $20,203,719 | $764,942 |
Pella Historical Society Pella, IA | $6,258,526 | $1,077,939 |
Brookside Irish Fest Inc Kansas City, MO | $1,030,000 | $1,022,564 |