Institute For Arts Entrepreneurship Nfp
- Assets
- $2.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Naperville, IL
- Founding
- 04/2008
- Data as of
- 12/2021
- EIN
- 20-5737662
Organization Overview
Institute For Arts Entrepreneurship Nfp is located in Naperville, IL. The organization was established in 2008. According to its NTEE Classification (A90) the organization is classified as: Arts Services, 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. Institute For Arts Entrepreneurship 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 12/2021, Institute For Arts Entrepreneurship Nfp generated $5.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (18.6%) each year. All expenses for the organization totaled $1.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (41.4%) per year over the past 7 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
DUE TO THE PANDEMIC, WE WERE MOSTLY INACTIVE WITH PROGRAM SERVICES BUT LAUNCHED A VIRTUAL BLOG TO WRITE AND SHARE CONTENT ON THE WEB.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $501 |
| Total Program Service Revenue | $4,748 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $5,249 |
| 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 | $1,245 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $1,245 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $94 |
| Other assets | $0 |
| Total assets | $2,434 |
| Total liabilities | $20,084 |
| Net assets or fund balances | -$17,650 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Institute For Arts Entrepreneurship Nfp has recieved totaling $3,800.
| Awarding Organization | Amount |
|---|---|
D G Brungard Foundation W Dundee, IL PURPOSE: OPERATIONS | $3,800 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ragdale Foundation Lake Forest, IL | $7,031,107 | $4,396,121 |
Eau Claire Confluence Arts Inc Eau Claire, WI | $54,912,960 | $2,573,269 |
Contemporary Art Museum St Louis St Louis, MO | $20,335,719 | $3,186,763 |
De Pere Cultural Foundation Inc De Pere, WI | $53,635,326 | $47,909,418 |
Lawyers For The Creative Arts Chicago, IL | $1,154,153 | $854,234 |
Express Yourself Milwaukee Inc Milwaukee, WI | $0 | $354,864 |
Latitude Inc Nfp Chicago, IL | $186,458 | $416,652 |
Chicago Artists Coalition Chicago, IL | $315,844 | $219,386 |
Augusta Ferry Authority Inc Augusta, KY | $165,919 | $419,126 |
Nickel Plate Arts Inc Noblesville, IN | $138,591 | $422,458 |
Hoosier Salon Patrons Association Indianapolis, IN | $235,840 | $346,649 |
3333 Washington Inc St Louis, MO | $4,354,028 | $1,268,494 |