The Preston Bradley Center Nfp
- Assets
- $465.4k
- Revenue
- $203.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 08/1988
- Data as of
- 12/2021
- EIN
- 36-3579542
Organization Overview
The Preston Bradley Center Nfp is located in Chicago, IL. The organization was established in 1988. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., 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. Preston Bradley Center 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, Preston Bradley Center Nfp generated $203.8k 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 (6.8%) each year. All expenses for the organization totaled $252.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.0%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
MAINTENANCE AND ONGOING RESTORATION OF THE PRESTON BRADLEY CENTER IN CHICAGO, ILLINOIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTENANCE AND RESTORATION OF THE PRESTON BRADLEY CENTER IN CHICAGO, ILLINOIS; THE MISSION OF THE PRESTON BRADLEY CENTER IS TO ENSURE THE WELL-BEING OF THIS HISTORIC BUILDING, TO PROVIDE REFUGE AND SERVICE TO THE POOR, AND TO BE A RESOURCE TO THE COMMUNITY IN UPTOWN. MANY CULTURAL AND SERVICE GROUPS SHARE THIS BUILDING, HISTORIC HOME OF THE PEOPLES CHURCH OF CHICAGO. THE SPACE IS USED BY OTHER CHURCHES FOR WORSHIP, BY MUSICAL GROUPS FOR REHEARSALS AND PERFORMANCES, BY A HOMELESS SERVICES PROVIDER FOR ITS TRANSITIONAL HOUSING PROGRAM FOR MEN, AND FOR CIVIC MEETINGS, CANDIDATE FORUMS, COMMUNITY MEMORIAL SERVICES AND SO ON.
AFFORDABLE ART STUDIO AND GALLERY SPACE FOR UPTOWN ARTISTS: THE UPTOWN ARTS CENTER IS ORGANIZED TO PROVIDE A LOCAL VENUE FOR AREA ARTISTS OF THE MIDDLE RANK TO SHARE AFFORDABLE STUDIO SPACE IN OUR NEIGHBORHOOD; TO PROVIDE SPACE FOR DRAWING AND PAINTING CLASSES OPEN TO THE PUBLIC; AND TO PROVIDE SPACE FOR ARTISTS TO INTERACT WITH THE HOMELESS POPULATION AND WITH AREA CHILDREN IN ENRICHMENT PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rudra Dundzila Secretary | OfficerTrustee | 1 | $0 |
Virginia Tolk Treasurer | OfficerTrustee | 1 | $0 |
Grace Itter President | OfficerTrustee | 4 | $0 |
Mykel Lammert Director | Trustee | 1 | $0 |
Mary Laura Jones Director | Trustee | 1 | $0 |
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 | $3,080 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,080 |
| Total Program Service Revenue | $177,505 |
| Investment income | $3 |
| 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 | $203,769 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $72,420 |
| Compensation of current officers, directors, key employees. | $16,555 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,278 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,948 |
| Fees for services: Accounting | $5,120 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,132 |
| Advertising and promotion | $97 |
| Office expenses | $1,268 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $65,004 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,700 |
| Insurance | $19,430 |
| All other expenses | $0 |
| Total functional expenses | $252,001 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,499 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,403 |
| 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 | $441,879 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,658 |
| Total assets | $465,439 |
| Accounts payable and accrued expenses | $45,319 |
| 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 | $12,566 |
| Total liabilities | $57,885 |
| Net assets without donor restrictions | $407,554 |
| Net assets with donor restrictions | $0 |
| 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 | $465,439 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Preston Bradley Center Nfp has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
Bill And Sharon Allen Familyfoundation Charlotte, NC PURPOSE: CENTER FOR ARTS, CULTURE, AND COMMUNITY. FREE LUNCH PROGRAM. | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Board Of Osteopathic Medical Examiners Inc Chicago, IL | $38,044,964 | $32,817,502 |
Gps Education Partners Inc Waukesha, WI | $3,399,978 | $6,380,793 |
Chicago Humanities Festival Chicago, IL | $20,433,533 | $6,135,727 |
The Independent Living Center Inc Joplin, MO | $6,998,222 | $3,154,564 |
Ashley For The Arts Ltd Arcadia, WI | $72,807 | $2,501,773 |
National Interscholastic Athletic Administrators Association Indianapolis, IN | $6,389,694 | $2,742,036 |
3arts Inc Chicago, IL | $12,078,620 | $2,551,186 |
Lunda Community Center Inc Black River Falls, WI | $21,403,243 | $624,709 |
Demolay International Kansas City, MO | $3,448,662 | $1,614,271 |
Kansas City Chapter Of Young Audiences Inc Kansas City, MO | $5,162,996 | $1,143,353 |
Bailey Foundation Saint Louis, MO | $926,334 | $1,827,354 |
Mainframe Studios Des Moines, IA | $8,963,700 | $1,124,336 |