United States Artists Inc
- Assets
- $55.8m
- Revenue
- $10.7m
- Investments
- $21.4m
- Employees
- 22
- Location
- Chicago, IL
- Founding
- 12/2004
- Data as of
- 06/2024
- EIN
- 22-3903993
Organization Overview
United States Artists Inc is located in Chicago, IL. The organization was established in 2004. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2024, United States Artists Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. United States Artists Inc 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 06/2024, United States Artists Inc generated $10.7m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $10.5m during the year ending 06/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
WE BELIEVE IN ARTISTS AND THEIR ESSENTIAL ROLE IN OUR SOCIETY. EACH YEAR, WE AWARD UP TO FIFTY $50,000 UNRESTRICTED FELLOWSHIPS TO THE MOST COMPELLING ARTISTS WORKING AND LIVING IN THE UNITED STATES, IN ALL DISCIPLINES, AT EVERY STAGE OF THEIR CAREER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
USA FELLOWSHIPS ARE $50,000 UNRESTRICTED AWARDS FOR INDIVIDUAL ARTISTS AND COLLABORATIVES ACROSS THE UNITED STATES AND ITS TERRITORIES AND AWARDED IN THE FOLLOWING DISCIPLINES: ARCHITECTURE, CRAFTS, DANCE, FILM, MEDIA, MUSIC, THEATER AND PERFORMANCE, TRADITIONAL ARTS, VISUAL ART, AND WRITING. THEY ARE AWARDED TO ARTISTS AT ANY CAREER STAGE --EMERGING, MID-CAREER, AND ESTABLISHED. EACH YEAR, THE FELLOWSHIP RECOGNIZES ARTISTS WHO DEMONSTRATE ARTISTIC EXCELLENCE, INNOVATIVE VISION, SIGNIFICANT IMPACT TO THE CULTURAL LANDSCAPE, AND PROFESSIONAL MOMENTUM. USA BERRESFORD PRIZE IS AN ANNUAL AWARD THAT HONORS CULTURAL PRACTITIONERS WHO HAVE CONTRIBUTED SIGNIFICANTLY TO THE ADVANCEMENT, WELLBEING, AND CARE OF ARTISTS IN SOCIETY.
COLLABORATIVE PROJECTS TO CONSULT WITH OTHER ORGANIZATIONS TO CREATE, DOCUMENT AND FACILITATE THE NEW ARTIST AWARD INITIATIVES.
THE NATIONAL ARTS POLICY ALLIANCE (NAPA) AND ARTISTS CAPITAL FUNDS (ACF) ARE COLLABORATIVE PROJECTS WITH ORGANIZATIONS AND INDIVIDUALS IN THE FIELD OF ARTS AND CULTURE, FOCUSED ON RESEARCHING EXISTING POLICY AND FINANCIAL BARRIERS FACING INDIVIDUAL ARTISTS. NAPA EVALUATES THE NEED FOR AN ORGANIZATION THAT CONNECTS ARTISTS WITH RESEARCH, POLICY, AND COALITION RESOURCES TO SUPPORT GIG-ECONOMY ARTISTS. ACF EXAMINES CHALLENGES RELATED TO CASH FLOW, GROWTH, AND SUSTAINABILITY WHILE REVIEWING EXISTING RESOURCES AND POTENTIAL IMPROVEMENTS TO FINANCIAL RESOURCES FOR ARTISTS. TOGETHER, NAPA AND ACF AIMS TO BUILD RESEARCH AND PROGRAM INFRASTRUCTURE THAT ENHANCES THE ECONOMIC WELL-BEING OF ARTISTS AND STRENGTHENS THEIR ESSENTIAL ROLE IN SOCIETY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Secretary | OfficerTrustee | 1 | $0 |
Name Not Listed Treasurer (thru April 2024) | OfficerTrustee | 2 | $0 |
Name Not Listed Chair | OfficerTrustee | 4 | $0 |
Name Not Listed Trustee | Trustee | 1 | $0 |
Name Not Listed Trustee | Trustee | 1 | $0 |
Name Not Listed Trustee (thru April 2024) | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Yancey Consulting Llc Consulting And Research | 6/29/23 | $102,000 |
Fbrl Llc Rental Expense | 6/29/23 | $111,814 |
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 | $4,946,896 |
| Noncash contributions included in lines 1a–1f | $1,098,647 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,946,896 |
| Total Program Service Revenue | $5,285,638 |
| Investment income | $592,120 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$92,854 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,731,800 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,250,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $599,091 |
| Compensation of current officers, directors, key employees. | $210,400 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $908,879 |
| Pension plan accruals and contributions | $132,324 |
| Other employee benefits | $175,931 |
| Payroll taxes | $107,393 |
| Fees for services: Management | $87,500 |
| Fees for services: Legal | $26,976 |
| Fees for services: Accounting | $151,987 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $110,662 |
| Fees for services: Other | $996,761 |
| Advertising and promotion | $500 |
| Office expenses | $26,282 |
| Information technology | $61,389 |
| Royalties | $0 |
| Occupancy | $85,871 |
| Travel | $133,038 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $70,227 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,391 |
| Insurance | $17,339 |
| All other expenses | $31,493 |
| Total functional expenses | $10,484,403 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,318,124 |
| Savings and temporary cash investments | $7,949,557 |
| Pledges and grants receivable | $4,380,514 |
| Accounts receivable, net | $0 |
| 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 | $21,531 |
| Net Land, buildings, and equipment | $7,202 |
| Investments—publicly traded securities | $16,554,570 |
| Investments—other securities | $21,448,978 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $97,644 |
| Total assets | $55,778,120 |
| Accounts payable and accrued expenses | $3,325,439 |
| Grants payable | $0 |
| Deferred revenue | $3,000,841 |
| 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 | $100,450 |
| Total liabilities | $6,426,730 |
| Net assets without donor restrictions | $13,724,311 |
| Net assets with donor restrictions | $35,627,079 |
| 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 | $55,778,120 |