Skyart Nfp
- Assets
- $3.6m
- Revenue
- $1.8m
- Investments
- $31.4k
- Employees
- 14
- Location
- Chicago, IL
- Founding
- 07/2004
- Data as of
- 06/2022
- EIN
- 75-3152211
Organization Overview
Skyart Nfp is located in Chicago, IL. The organization was established in 2004. 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 06/2022, Skyart Nfp employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Skyart 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 06/2022, Skyart Nfp generated $1.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $1.3m during the year ending 06/2022. While expenses have increased by 9.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE YOUTH WITH AN ACCESSIBLE, SAFE PLACE TO PARTICIPATE IN VISUAL ARTS PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROJECT THIRD SPACE (P3S) IS A YEAR-LONG PROGRAM FOR HIGH SCHOOL-AGED YOUTH AND YOUNG ADULTS FROM THE AGES OF 14 TO 24 WHO ARE SERIOUS ABOUT ART AND SEE IT AS A PATHWAY INTO THEIR FUTURE. THE PROGRAM IS MEANT TO BE BOTH A CRUCIAL BRIDGE BETWEEN HIGH SCHOOL AND MEANINGFUL POST-SECONDARY EDUCATIONAL AND CAREER OPPORTUNITIES AS WELL AS AN ENCOURAGING ENVIRONMENT FOR SELF-DISCOVERY, COMMUNICATION, AND COLLABORATION.
SKYART CREATED PROJECT IMPACT FOR YOUTH AGES 7 TO 24 IN RESPONSE TO THE UNPRECEDENTED NEED FOR MENTAL HEALTH SERVICES DURING THE COVID-19 PANDEMIC. PARTICIPANTS RECEIVE FREE INDIVIDUAL AND GROUP ART THERAPY WITH A LICENSED THERAPIST. ART THERAPY CAN BE ESPECIALLY EFFECTIVE FOR YOUNG PEOPLE WHO MAY NOT HAVE THE VOCABULARY OR EXPERIENCE TO PUT THEIR EMOTIONS INTO WORDS. THROUGH ART THERAPY, SKYART HELPS YOUTH PROCESS TRAUMA, ISOLATION, DEPRESSION, ETC. THROUGH PROJECT IMPACT, WE AIM TO HELP YOUTH IMPROVE THEIR OVERALL SENSE OF WELL-BEING, SELF-ESTEEM, COMPASSION AND EMPATHY FOR OTHERS.
THE SKYWAY, FOR YOUTH AGES 7 TO 13, IS AN INNOVATIVE APPROACH TO OUR STUDIO PROGRAMS THAT BLURS THE LINES OF FORMAL ART EDUCATION AND FOCUSES ON THE ART-MAKING AS AN INHERENTLY EDUCATIONAL EXPERIENCE. IT IS A PEDAGOGY BASED NOT ON LESSON PLANS OR SET PROJECTS, BUT ON MORE OPEN AND MORE DEEPLY ENGAGING CREATED PROCESSES. GUIDED BY A COLLABORATIVE COHORT OF RESIDENT TEACHING ARTISTS, PARTICIPANTS ARE IMMERSED IN A WORLD OF IMAGINATIVE POSSIBILITIES, INVITED TO EXPLORE A BROAD VARIETY OF CREATING FORMS AND ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Ward Chief Executive Officer | Officer | 40 | $102,121 |
Roberta Kramer Chair | OfficerTrustee | 1 | $0 |
Andre Washington Vice-Chair | OfficerTrustee | 1 | $0 |
Jennifer Marlowe Secretary | OfficerTrustee | 1 | $0 |
Froilan Nunez Treasurer | OfficerTrustee | 1 | $0 |
Joi Basley Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $177,876 |
| Related organizations | $0 |
| Government grants | $243,603 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,153,182 |
| Noncash contributions included in lines 1a–1f | $73,499 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,574,661 |
| Total Program Service Revenue | $215,380 |
| Investment income | $911 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$20,641 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,810,213 |
| 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. | $125,361 |
| Compensation of current officers, directors, key employees. | $12,536 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $521,705 |
| Pension plan accruals and contributions | $7,374 |
| Other employee benefits | $42,004 |
| Payroll taxes | $78,450 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $29,865 |
| Fees for services: Accounting | $10,093 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $218,787 |
| Advertising and promotion | $15,356 |
| Office expenses | $76,727 |
| Information technology | $27,371 |
| Royalties | $0 |
| Occupancy | $18,080 |
| Travel | $13,391 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,066 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $38,906 |
| Insurance | $16,175 |
| All other expenses | $0 |
| Total functional expenses | $1,312,989 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $238,567 |
| Savings and temporary cash investments | $2,154,985 |
| Pledges and grants receivable | $236,778 |
| Accounts receivable, net | $104,885 |
| 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 | $3,910 |
| Net Land, buildings, and equipment | $814,520 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $31,357 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,585,002 |
| Accounts payable and accrued expenses | $42,980 |
| 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 | $298,700 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $341,680 |
| Net assets without donor restrictions | $2,555,822 |
| Net assets with donor restrictions | $687,500 |
| 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 | $3,585,002 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Skyart Nfp has recieved totaling $490,750.
| Awarding Organization | Amount |
|---|---|
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: ARTS AND CULTURE | $200,000 |
Builders Initiative Bentonville, AR PURPOSE: SKYART WEST - HUMBOLDT PARK EXPANSION | $150,000 |
Genesis Motor America Foundation Fountain Valley, CA PURPOSE: Grant to arts programming at the community level for youth | $75,000 |
Arie And Ida Crown Memorial Chicago, IL PURPOSE: GENERAL OPERATING | $30,000 |
League Of Chicago Theatres Foundation Chicago, IL PURPOSE: Powering the Arts Program | $10,000 |
American Endowment Foundation Hudson, OH PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John Michael Kohler Arts Center Inc Sheboygan, WI | $91,886,755 | $7,533,321 |
Puerto Rican Cultural Center Chicago, IL | $9,175,566 | $9,769,703 |
United States Artists Inc Chicago, IL | $40,639,117 | $6,830,121 |
Center Of Creative Arts Saint Louis, MO | $22,497,336 | $9,712,696 |
Bertha D Garten Ketcham Memorial Center Inc Odon, IN | $9,035,091 | $6,675,118 |
Kohler Trust For The Arts And Education Kohler, WI | $9,068,772 | $5,585,156 |
Kranzberg Arts Foundation St Louis, MO | $18,112,007 | $6,602,930 |
The Center For The Performing Arts Inc Carmel, IN | $11,269,434 | $4,631,898 |
American College Of Occupational And Environmental Medicine Elk Grove Village, IL | $5,115,240 | $3,683,433 |
Winnetka Community House Winnetka, IL | $15,269,238 | $4,423,430 |
Association Of American Voices Saint Louis, MO | $696,688 | $3,487,679 |
Brucemore Inc Cedar Rapids, IA | $18,035,244 | $1,902,736 |