American Culture Project
- Assets
- $52.1k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 04/2019
- Data as of
- 12/2021
- EIN
- 83-1575590
Organization Overview
American Culture Project is located in Chicago, IL. The organization was established in 2019. According to its NTEE Classification (W01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Culture Project is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, American Culture Project generated $1.0m in total revenue. All expenses for the organization totaled $964.3k during the year ending 12/2021. While expenses have increased by 106.5% per year over the past 4 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTION OF FREE MARKET SOLUTIONS TO COMPLEX NATIONAL PROBLEMS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTED FREE MARKET SOLUTIONS FOR COMPLEX POLICY CHALLENGES WITH COMMUNITY LEADERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristina Rasmussen President | OfficerTrustee | 20 | $57,974 |
Mark Miller Secretary/treasurer | OfficerTrustee | 1 | $0 |
John Tillman Chairman And CEO | OfficerTrustee | 6 | $0 |
Dick Weiss Director | Trustee | 1 | $0 |
Paul Jacob Director | Trustee | 1 | $0 |
Craig Manske Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Facebook Marketing | 12/30/20 | $196,931 |
Iron Light Inc Marketing | 12/30/20 | $420,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,023,300 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,023,300 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,023,300 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $18,009 |
| Payroll taxes | $17,209 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,914 |
| Fees for services: Accounting | $16,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $581,663 |
| Advertising and promotion | $299 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,544 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,999 |
| All other expenses | $56 |
| Total functional expenses | $964,303 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,101 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,708 |
| 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 | $2,296 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $52,105 |
| Accounts payable and accrued expenses | $5,028 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $15,458 |
| Total liabilities | $20,486 |
| Net assets without donor restrictions | $31,619 |
| Net assets with donor restrictions | $0 |
| 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 | $52,105 |
Grants Awarded
Over the last fiscal year, American Culture Project has awarded $212,074 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CULTURE FOUNDATION PURPOSE: GRANT TO OTHER ORGANIZATION THAT SHARES THE SAME PRINCIPLES AS AMERICAN CULTURE PROJECT | $206,008 |
Chicago, IL PURPOSE: GRANT TO OTHER ORGANIZATION THAT SHARES THE SAME PRINCIPLES AS AMERICAN CULTURE PROJECT | $6,066 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that American Culture Project has recieved totaling $23,200.
| Awarding Organization | Amount |
|---|---|
Government Accountability Alliance Chicago, IL PURPOSE: GRANT TO SUPPORT OTHER TAX-EXEMPT ORGANIZATION WHICH SHARES IN A SIMILIAR MISSION. | $23,200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bai Center Chicago, IL | $31,421,766 | $29,377,237 |
Members Choice Credit Union Ashland, KY | $332,356,623 | $13,811,738 |
Cooperative Choice Network Credit Union Peoria, IL | $176,449,588 | $6,257,401 |
International Warehouse Logistics Association Des Plaines, IL | $6,414,794 | $4,052,139 |
Iowa Bankers Association Johnston, IA | $15,106,660 | $3,345,609 |
Metric Media Foundation Harrisonville, MO | $333,905 | $1,765,390 |
Smart Policy Works Oak Park, IL | $623,440 | $959,919 |
Missouri Independent Bankers Association Incorporated Jefferson City, MO | $1,281,760 | $1,238,995 |
Northwest Municipal Conference Inc Des Plaines, IL | $2,945,012 | $1,155,141 |
Eagle Forum Alton, IL | $749,276 | $292,436 |
American Culture Project Chicago, IL | $52,105 | $1,023,300 |
Iowans For Tax Releif West Des Moines, IA | $10,086,999 | $950,463 |