Roots & Culture Contemporary Artcenter
- Assets
- $78.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 03/2008
- Data as of
- 12/2023
- EIN
- 20-5935093
Organization Overview
Roots & Culture Contemporary Artcenter is located in Chicago, IL. The organization was established in 2008. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, 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. Roots & Culture Contemporary Artcenter 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, Roots & Culture Contemporary Artcenter generated $185.0k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 18.7% each year . All expenses for the organization totaled $144.7k during the year ending 12/2023. While expenses have increased by 16.5% per year over the past 6 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
ROOTS & CULTURE OFFERS EXHIBITION OPPORTUNITIES TO EMERGING ARTISTS BASED IN THE CHICAGO AREA. WE SERVED 16 ARTISTS IN 2023
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric May Executive Director | 20 | $42,000 | |
Bobby Luck Program Director | 20 | $42,000 | |
Lorelei Stewart Board President | 1 | $0 | |
Bill Padnos Board Treasurer | 1 | $0 | |
Ivan Lozano Board Secretary | 1 | $0 | |
Jen Delos Reyes Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $168,411 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $13,567 |
| Other Revenue | $3,039 |
| Total Revenue | $185,017 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $86,179 |
| Professional fees and other payments to independent contractors | $25,652 |
| Occupancy, rent, utilities, and maintenance | $24,228 |
| Printing, publications, postage, and shipping | $1,637 |
| Other expenses | $6,993 |
| Total expenses | $144,689 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $78,674 |
| Other assets | $0 |
| Total assets | $78,674 |
| Total liabilities | $0 |
| Net assets or fund balances | $78,674 |