Hyde Park Art Center
- Assets
- $13.1m
- Revenue
- $7.7m
- Investments
- $0.0
- Employees
- 29
- Location
- Chicago, IL
- Founding
- 05/1978
- Data as of
- 12/2021
- EIN
- 36-2887294
Organization Overview
Hyde Park Art Center is located in Chicago, IL. The organization was established in 1978. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Hyde Park Art Center employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hyde Park Art Center 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, Hyde Park Art Center generated $7.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.5% each year . All expenses for the organization totaled $3.2m during the year ending 12/2021. While expenses have increased by 8.6% per year over the past 7 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.
Since 2021, Hyde Park Art Center has awarded 31 individual grants totaling $256,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE HYDE PARK ART CENTER PRESENTS INNOVATIVE EXHIBITIONS OF NEW WORK BY PRIMARLY CHICAGO-BASED ARTISTS; EDUCATIONAL PROGRAMS FOR CHILDREN AND ADULTS, NOVICE THROUGH PROFESSIONAL, AND FREE PUBLIC PROGRAMMING FOR A DIVERSE AND CREATIVE AUDIENCE. THROUGH THESE PROGRAMS, THE ART CENTER ACTIVELY CULTIVATES A MORE VIBRANT, INCLUSIVE ARTS COMMUNITY AND AIMS TO FOSTER A COLLECTIVE SPIRIT AMONG ARTISTS, TEACHERS, STUDENTS, CHILDREN AND FAMILIES, AND THE GENERAL PUBLIC. IT FACILITATES OPPORTUNITIES FOR ARTISTS TO EXPERIMENT AND DO THINGS THEY WOULD NOT BE ABLE TO DO ELSEWHERE AND ENCOURAGES ITS VISITORS TO GET INVOLVED WITH THE ENTIRE PROCESS OF ART AND ART MAKING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOOL: HYDE PARK ART CENTER'S OPEN ACCESS COMMUNITY-BASED SCHOOL - THE ONLY ART SCHOOL OF SUCH BREADTH ON CHICAGO'S SOUTH SIDE PROVIDES HIGH-QUALITY TRAINING IN THE VISUAL ARTS BY PROFESSIONAL WORKING ARTISTS FOR YOUTH AND ADULT, NOVICE AND PROFESSIONAL. DURING 2021, HYDE PARK ART CENTER RAN 195 IN PERSON AND VIRTUAL COURSES AND CAMPS WITH 1,487 STUDENTS (INCLUSIVE OF 326 CAMPERS) DURING 5 SESSIONS AND SUMMER CAMP.
OUTREACH: PARTNERING WITH A CORE GROUP OF SCHOOLS ON CHICAGO'S SOUTH SIDE, THE ART CENTER DELIVERS VISUAL-ARTS EDUCATION TO ELEMENTARY STUDENTS. THIS COMMITMENT TO SOUTH SIDE NEIGHBORHOODS AIMS TO TRANSFORM ARTS EDUCATION FOR STUDENTS FROM HISTORICALLY UNDERSERVED COMMUNITIES AND CHANGE THE FUTURE OF CHICAGO'S ARTS LANDSCAPE. IN 2021, 9 SCHOOLS/ORGANIZATIONS PARTICIPATED IN 37 PROGRAMS WITH 786 STUDENTS. FOR TEENS, THE ART CENTER PROVIDES A CREATIVE SPACE AND COMMUNITY FOR 150 TEENS WITH SIX PROGRAMS. THROUGH A COMBINATION OF TEEN-DRIVEN INDEPENDENT AND ARTIST-LED GROUP PROJECTS, TEENS DEVELOP THEIR OWN ART PRACTICES ALONGSIDE LEADERSHIP SKILLS IN A SUPPORTIVE ENVIRONMENT
EXHIBITIONS: THE ART CENTER PROVIDES EMERGING AND GROUNDBREAKING ARTISTS WITH EXHIBITION OPPORTUNITIES THAT ALLOW THEM TO TAKE ON AMBITIOUS AND TRANSFORMATIONAL NEW PROJECTS AND GARNER GREATER RECOGNITION BOTH LOCALLY AND NATIONALLY. DURING 2021, MORE THAN 77 ARTISTS EXHIBITED IN 12 EXHIBITIONS.
ARTIST RESIDENCY PROGRAM: THE ARTIST RESIDENCY PROGRAM BRINGS ARTISTS FROM AROUND THE WORLD TO LIVE AND WORK IN CHICAGO ALONGSIDE LOCAL RESIDENT ARTISTS. THE PROGRAM ENCOURAGES CREATIVE EXCHANGE AND CATALYZES GLOBAL NETWORKS FOR CHICAGO'S ARTISTS AND CULTURAL INSTITUTIONS, WHILE POSITIONING CHICAGO AT THE FOREFRONT OF ARTISTIC INNOVATION AND CULTURAL LEADERSHIP.PUBLIC PROGRAMS: THE ART CENTER ENSURES PEOPLE HAVE THE OPPORTUNITY TO EXPLORE ARTMAKING IN A FUN AND FRIENDLY ENVIRONMENT THROUGH A VARIETY OF ONGOING EVENTS THAT DEMYSTIFY CONTEMPORARY ART. THE PUBLIC GET TO KNOW AND SUPPORT THE ARTISTS IN THEIR COMMUNITY. THROUGH EVENTS LIKE ARTIST DISCUSSIONS AND OPEN-STUDIO DAYS, VISITORS HAVE A CHANCE TO MEET ARTISTS AND BE INQUISITIVE ABOUT THEIR CREATIVE PROCESS. IN 2021, THE ART CENTER HOSTED 36 IN PERSON AND VIRTUAL EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathlynn Lorenz Executive Director | Officer | 40 | $147,960 |
Justine Jentes Board Chair | OfficerTrustee | 2 | $0 |
Erika Dudley Vice Chair | OfficerTrustee | 2 | $0 |
Sundeep Mullangi Treasurer | OfficerTrustee | 2 | $0 |
Satannia Williams Secretary | OfficerTrustee | 2 | $0 |
Dawoud Bey Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $275,061 |
| Related organizations | $0 |
| Government grants | $351,439 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,608,811 |
| Noncash contributions included in lines 1a–1f | $440,656 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,235,311 |
| Total Program Service Revenue | $397,622 |
| Investment income | $65,798 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,838 |
| Net Gain/Loss on Asset Sales | -$4,148 |
| Net Income from Fundraising Events | $19,068 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,741,893 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $260,000 |
| Grants and other assistance to domestic individuals. | $300,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $153,916 |
| Compensation of current officers, directors, key employees. | $23,087 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,094,407 |
| Pension plan accruals and contributions | $34,213 |
| Other employee benefits | $81,856 |
| Payroll taxes | $96,123 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,290 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $57,750 |
| Fees for services: Investment Management | $17,984 |
| Fees for services: Other | $445,973 |
| Advertising and promotion | $85,608 |
| Office expenses | $33,595 |
| Information technology | $35,869 |
| Royalties | $0 |
| Occupancy | $152,466 |
| Travel | $14,866 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,161 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $217,188 |
| Insurance | $27,209 |
| All other expenses | $3,345 |
| Total functional expenses | $3,229,484 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,389,938 |
| Savings and temporary cash investments | $361,333 |
| Pledges and grants receivable | $4,504,973 |
| Accounts receivable, net | $111,778 |
| 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 | $15,389 |
| Net Land, buildings, and equipment | $3,051,643 |
| Investments—publicly traded securities | $3,242,091 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $435,596 |
| Total assets | $13,112,741 |
| Accounts payable and accrued expenses | $257,411 |
| Grants payable | $0 |
| Deferred revenue | $125,807 |
| 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 | $63,732 |
| Total liabilities | $446,950 |
| Net assets without donor restrictions | $5,817,407 |
| Net assets with donor restrictions | $6,848,384 |
| 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 | $13,112,741 |
Grants Awarded
Over the last fiscal year, Hyde Park Art Center has awarded $256,000 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
Chicago, IL PURPOSE: PROVIDES ARTIST-RUN INITIATIVES, COLLABORATIONS, AND INDEPENDENT ORGANIZATIONS WITH FLEXIBLE FUNDING TO PURSUE THEIR UNIQUE VISIONS. | $16,000 |
Chicago, IL PURPOSE: PROVIDES ARTIST-RUN INITIATIVES, COLLABORATIONS, AND INDEPENDENT ORGANIZATIONS WITH FLEXIBLE FUNDING TO PURSUE THEIR UNIQUE VISIONS. | $8,000 |
Chicago, IL PURPOSE: PROVIDES ARTIST-RUN INITIATIVES, COLLABORATIONS, AND INDEPENDENT ORGANIZATIONS WITH FLEXIBLE FUNDING TO PURSUE THEIR UNIQUE VISIONS. | $8,000 |
Chicago, IL PURPOSE: PROVIDES ARTIST-RUN INITIATIVES, COLLABORATIONS, AND INDEPENDENT ORGANIZATIONS WITH FLEXIBLE FUNDING TO PURSUE THEIR UNIQUE VISIONS. | $8,000 |
AGAPE WERKS PURPOSE: PROVIDES ARTIST-RUN INITIATIVES, COLLABORATIONS, AND INDEPENDENT ORGANIZATIONS WITH FLEXIBLE FUNDING TO PURSUE THEIR UNIQUE VISIONS. | $8,000 |
AMFM STUDIOS LLC PURPOSE: PROVIDES ARTIST-RUN INITIATIVES, COLLABORATIONS, AND INDEPENDENT ORGANIZATIONS WITH FLEXIBLE FUNDING TO PURSUE THEIR UNIQUE VISIONS. | $8,000 |
Grants Recieved
Over the last fiscal year, we have identified 37 grants that Hyde Park Art Center has recieved totaling $1,435,589.
| Awarding Organization | Amount |
|---|---|
Guida Family Foundation Chicago, IL PURPOSE: ALL CONTRIBUTIONS MADE FOR UNRESTRICTED USE OF CHARITY. | $250,000 |
Smart Family Foundation Of Illinois Chicago, IL PURPOSE: CULTURAL, HISTORICAL & OTHER EDUCATIONAL | $202,500 |
Dew Foundation Tyler, TX PURPOSE: SUPPORT FOR INDEPENDENT ARTISTS' PRODUCTION, GENERAL OPERATING SUPPORT OF HYDE PARK ART CENTER | $120,000 |
Jentes Family Foundation Chicago, IL PURPOSE: TO FURTHER PROGRAM SERVICES | $97,108 |
Reva & David Logan Foundation Chicago, IL PURPOSE: TEEN AND YOUNG ADULT PROGRAMS | $75,000 |
Joyce Foundation Chicago, IL PURPOSE: CULTURE | $75,000 |
Endowment Analysis
| Beg. Balance | $575,000 |
| Earnings | $65,235 |
| Admin Expense | $1,534 |
| Net Contributions | $1,960,000 |
| Ending Balance | $2,598,701 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chicago Architecture Foundation Chicago, IL | $18,456,323 | $14,699,492 |
Fenestration And Glazing Industry Alliance Schaumburg, IL | $6,384,205 | $4,966,632 |
Fibre Box Association Itasca, IL | $1,560,987 | $3,611,412 |
Hyde Park Art Center Chicago, IL | $13,112,741 | $7,741,893 |
Master Craftsmen Foundation Kansas City, MO | $0 | $269 |
Arts Club Of Chicago Chicago, IL | $22,777,301 | $152,339 |
Graham Foundation For Advanced Studies In The Fine Arts Chicago, IL | $0 | $687,158 |
Midwest Old Settlers And Threshers Assn Inc Mt Pleasant, IA | $5,724,252 | $3,761,020 |
Laumeier Sculpture Park St Louis, MO | $5,586,221 | $2,296,143 |
Craft Alliance St Louis, MO | $3,775,459 | $2,483,894 |
Lillian Florsheim Foundation for Fine Arts Chicago, IL | $0 | $525,901 |
Intuit The Center For Intuitive And Outside Art Chicago, IL | $2,150,549 | $1,698,097 |