Kval Nfp
- Assets
- $63.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Sycamore, IL
- Founding
- 12/2015
- Data as of
- 12/2023
- EIN
- 81-0770782
Organization Overview
Kval Nfp is located in Sycamore, IL. The organization was established in 2015. According to its NTEE Classification (A25) the organization is classified as: Arts Education, 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. Kval 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 12/2023, Kval Nfp generated $44.9k 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 (11.0%) each year. All expenses for the organization totaled $41.8k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (7.2%) 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
2023
Describe the Organization's Program Activity:
Part 3
MONTHLY MEETINGS FOR MEMBERS TO SHARE ART AND LEARN NEW TECHNIQUES, ART CLASSES OFFERED TO THE PUBLIC, MANAGEMENT OF THE ANNUAL NORTHERN ILLINOIS ART SHOW, SCHOLARSHIPS PROVIDED TO LOCAL STUDENT ARTISTS, AND SUPPORT PROVIDED TO A VARIETY OF LOCAL SCHOOLS AND CHARITABLE ORGANIZATIONS IN THE FORM OF CASH GRANTS AND DONATED ART SUPPLIES.
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PDF Copies of 990 Filings
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,458 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $51 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $19,390 |
| Total Revenue | $44,899 |
| 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 | $415 |
| Occupancy, rent, utilities, and maintenance | $20,751 |
| Printing, publications, postage, and shipping | $229 |
| Other expenses | $20,409 |
| Total expenses | $41,804 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $63,798 |
| Other assets | $0 |
| Total assets | $63,798 |
| Total liabilities | $0 |
| Net assets or fund balances | $63,798 |