Olive Tree Arts Network Nfp
- Assets
- $24.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 11/2016
- Data as of
- 08/2023
- EIN
- 81-3499678
Organization Overview
Olive Tree Arts Network Nfp is located in Chicago, IL. The organization was established in 2016. 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. Olive Tree Arts Network 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 08/2023, Olive Tree Arts Network Nfp generated $68.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.3%) each year. All expenses for the organization totaled $77.4k during the year ending 08/2023. 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
OUR MISSION IS TO USE CREATIVE EXPRESSION TO PROMOTE UNDERSTANDING, COOPERATION AND PEACE IN OUR MULTI-FAITH SOCIETY. THE UNDERLYING PRINCIPLE OF POETRY PALS IS THAT THE MOSAIC OF CULTURES IN OUR MODERN WORLD CAN BE A SOURCE OF INSPIRATION RATHER THAN CONFLICT. WE ARE DEDICATED TO BRINGING TOGETHER YOUNG PEOPLE TO SHARE THEIR FAITHS, LEARN ABOUT EACH OTHER'S CULTURE AND HAVE FUN TOGETHER BY EXPRESSING THEMSELVES THROUGH WORDS, ART, MUSIC AND PERFORMANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Darrell Jones Board Chair | 2 | $0 | |
Michael Frazin Treasurer | 2 | $0 | |
Suzanne Sahloul Secretary | 2 | $0 | |
Marshall Hatch Jr Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $36,195 |
| Total Program Service Revenue | $29,715 |
| Membership dues | $0 |
| Investment income | $610 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $2,107 |
| Total Revenue | $68,627 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $51,572 |
| Professional fees and other payments to independent contractors | $21,956 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $573 |
| Other expenses | $3,325 |
| Total expenses | $77,426 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $0 |
| Other assets | $0 |
| Total assets | $24,804 |
| Total liabilities | $2,644 |
| Net assets or fund balances | $22,160 |