League Of Chicago Theatres Foundation
- Assets
- $3.7m
- Revenue
- $813.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 10/1979
- Data as of
- 06/2022
- EIN
- 36-3031980
Organization Overview
League Of Chicago Theatres Foundation is located in Chicago, IL. The organization was established in 1979. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, 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. League Of Chicago Theatres Foundation 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 06/2022, League Of Chicago Theatres Foundation generated $813.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $552.3k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, League Of Chicago Theatres Foundation has awarded 73 individual grants totaling $762,660. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
LEAGUE OF CHICAGO THEATRES FOUNDATION SUPPORTS THE WORK OF LEAGUE OF CHICAGO THEATRES THROUGH GRANTMAKING AND FUNDRAISING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION IS ORGANIZED FOR INCREASING PUBLIC AWARENESS OF, INTEREST IN, AND APPRECIATION FOR THE THEATRE ARTS IN THE CITY OF CHICAGO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heidi Thompson Saunders Chair | OfficerTrustee | 1 | $0 |
Kate Piatt-Eckert Treasurer | OfficerTrustee | 1 | $0 |
Charlique C Rolle Secretary | OfficerTrustee | 1 | $0 |
Doreen Sayegh Vice Chair | OfficerTrustee | 1 | $0 |
Rachel Kraft Director | Trustee | 1 | $0 |
Eileen Lacario Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $65,550 |
| All other contributions, gifts, grants, and similar amounts not included above | $747,457 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $813,007 |
| Total Program Service Revenue | $0 |
| Investment income | $241 |
| 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 | $813,254 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $350,392 |
| Grants and other assistance to domestic individuals. | $10,000 |
| 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 | $79,950 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,249 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $29,250 |
| Advertising and promotion | $0 |
| Office expenses | $45 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,493 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,833 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $552,342 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $355,429 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $180,000 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $22,995 |
| Other assets | $3,170,225 |
| Total assets | $3,728,649 |
| Accounts payable and accrued expenses | $5,000 |
| 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 | $0 |
| Total liabilities | $5,000 |
| Net assets without donor restrictions | $3,585,849 |
| Net assets with donor restrictions | $137,800 |
| 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 | $3,728,649 |
Grants Awarded
Over the last fiscal year, League Of Chicago Theatres Foundation has awarded $299,897 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
Chicago, IL PURPOSE: Powering the Arts Program | $25,000 |
Chicago, IL PURPOSE: Powering the Arts Program | $25,000 |
Skokie, IL PURPOSE: Powering the Arts Program | $25,000 |
Chicago, IL PURPOSE: Powering the Arts Program | $17,500 |
Chicago, IL PURPOSE: Powering the Arts Program | $10,000 |
Chicago, IL PURPOSE: Powering the Arts Program | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that League Of Chicago Theatres Foundation has recieved totaling $88,126.
| Awarding Organization | Amount |
|---|---|
Prince Foundation Chicago, IL PURPOSE: GENERAL OPERATING SUPPORT | $40,000 |
Shubert Foundation Inc New York, NY PURPOSE: GENERAL OPERATING | $40,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $5,015 |
Leonard And Joan Foundation Chicago, IL PURPOSE: THEATRE PRODUCTIONS | $1,500 |
John D & Catherine T Macarthur Foundation Chicago, IL PURPOSE: IN SUPPORT OF GENERAL OPERATIONS. | $500 |
John D & Catherine T Macarthur Foundation Chicago, IL PURPOSE: IN SUPPORT OF GENERAL OPERATIONS. | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Milwaukee Youth Arts Center Inc Milwaukee, WI | $19,493,020 | $1,487,635 |
United Performing Arts Fund Inc Milwaukee, WI | $14,391,026 | $9,375,574 |
Fund For The Arts Inc Louisville, KY | $9,833,007 | $6,108,558 |
Bravo Greater Des Moines Inc Des Moines, IA | $3,545,703 | $5,885,208 |
Richard J Stern Foundation For The Arts Kansas City, MO | $50,258,336 | $4,476,999 |
Robert Allerton Trust Under Will Dated April 15 1964 Chicago, IL | $38,402,099 | $3,836,329 |
Ros Foundation Greenfield, WI | $30,196,896 | $3,469,836 |
Lithuanian Foundation Lemont, IL | $53,188,345 | $6,129,593 |
David C & Sarajean Ruttenberg Arts Foundation Chicago, IL | $0 | $66,826 |
Richard & Ellen Sandor Art Foundation Chicago, IL | $0 | $3,100 |
Community Capital Fund Kansas City, MO | $1,497,991 | $1,400,960 |
Milwaukee Youth Arts Center Foundation Inc Milwaukee, WI | $10,317,722 | $10,905,403 |