Prairie Center Arts Foundation
- Assets
- $279.4k
- Revenue
- $208.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Schaumburg, IL
- Founding
- 12/1990
- Data as of
- 04/2023
- EIN
- 36-3720716
Organization Overview
Prairie Center Arts Foundation is located in Schaumburg, IL. The organization was established in 1990. 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. Prairie Center Arts 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 04/2023, Prairie Center Arts Foundation generated $208.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $54.7k during the year ending 04/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE PRAIRIE CENTER ARTS FOUNDATION IS TO ENRICH PEOPLE'S LIVES THROUGH CULTURAL ARETS BY PROVIDING AWARENESS OF AND FINANCIAL SUPPORT TO THE SCHAUMBURG PRAIRIE CENTER TO THE ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHAUMBURG YOUTH ORCHESTRA SUPPLEMENTS YOUNG MUSICIANS' TRAINING AND PROVIDES OPPORTUNITIES TO LEARN AND PLAY MUSIC MORE CHALLENGING THAN MIGHT BE FOUND THEIR SCHOOL PROGRAMS, THEREBY BROADENING AND ENHANCING THEIR EXPERIENCE. THE SYO SERVES A WIDE AREA OF THE NORTH WEST SUBURBS AND PROVIDES A COLLEGE SCHOLARSHIP FOR AN OUTSTANDING SENIOR MUSICIAN.
TO VITALIZE AND ENRICH THE CULTURAL ARTS IN THE NORTHWEST SUBURBS THROUGH THE PRAIRIE CERNTER FOR THE ARTS.
ARTS PARTNER PROVIDES TICKETS AND TRANSPORTATION TO ESL STUDENTS AND INTEGRATED LANGUAGE CLASSROOMS FROM AREA SCHOOLS TO ATTEND A SERIES OF PERFORMANCES. ART PARTNERS WAS DESIGNED TO PROVIDE RISK STUDENTS WITH THE OPPORTUNITY TO EXPERIENCE CULTURAL ARTS.
THE FOUNDATION SUPPORTS THE PRAIRIE CENTER FOR THE ARTS IN SCHAUMBURG IL TO ENSURE AND ENRICH THE NORTHWEST SUBURBS WITH GROWTH AND EXCELLENCE OF THE CULTURAL ARTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephanie Adomaitis Director | Trustee | $0 | |
Patt Carmody Director | Trustee | $0 | |
Jamie Clar Director | Trustee | $0 | |
Theodore D Derma Treasurer | OfficerTrustee | $0 | |
Jay Flynn Director | Trustee | $0 | |
Sandra Gallardo President | OfficerTrustee | $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 | $208,308 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $208,308 |
| Total Program Service Revenue | $0 |
| Investment income | $147 |
| 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 | $208,455 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $458 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,487 |
| Office expenses | $2,145 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,532 |
| All other expenses | $225 |
| Total functional expenses | $54,671 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $279,423 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $279,423 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $279,423 |
| Total liabilities and net assets/fund balances | $279,423 |