Beverly Art Center
- Assets
- $7.9m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 29
- Location
- Chicago, IL
- Founding
- 12/1967
- Data as of
- 08/2022
- EIN
- 36-6165922
Organization Overview
Beverly Art Center is located in Chicago, IL. The organization was established in 1967. 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 08/2022, Beverly Art Center employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beverly 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 08/2022, Beverly Art Center generated $1.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $1.8m during the year ending 08/2022. While expenses have increased by 2.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
COMMUNITY ART CENTER IN BEVERLY NEIGHBORHOOD OF CHICAGO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES ARTISTIC PROGRAMMING THROUGH ITS SCHOOL OF THE ARTS, DANCE STUDIO, ADULT AND CHILDREN'S PERFORMANCE PROGRAMMING, SPECIAL EVENTS, AND EDUCATION OUTREACH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stacey Recht President | OfficerTrustee | 2 | $0 |
Scott Sowinski Vice President | OfficerTrustee | 2 | $0 |
Amy Stickel Secretary | OfficerTrustee | 2 | $0 |
Sonja Brisard Treasurer | OfficerTrustee | 2 | $0 |
Denise Powell Executive Director | Officer | 40 | $0 |
Dorothy Straughter Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $10,950 |
| Fundraising events | $1,100 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $854,452 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $866,502 |
| Total Program Service Revenue | $1,023,937 |
| Investment income | $75 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$650 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$5,568 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $26,857 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,911,443 |
| 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 | $540,342 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $22,041 |
| Payroll taxes | $42,001 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,861 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $567,922 |
| Advertising and promotion | $17,728 |
| Office expenses | $162,246 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $110,443 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,169 |
| Interest | $25,170 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $255,367 |
| Insurance | $30,808 |
| All other expenses | $0 |
| Total functional expenses | $1,831,953 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $91,172 |
| Savings and temporary cash investments | $111,483 |
| Pledges and grants receivable | $250,000 |
| Accounts receivable, net | $80,856 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,114 |
| Prepaid expenses and deferred charges | $34,404 |
| Net Land, buildings, and equipment | $7,348,393 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,346 |
| Total assets | $7,922,768 |
| Accounts payable and accrued expenses | $91,485 |
| Grants payable | $0 |
| Deferred revenue | $53,747 |
| 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 | $755,353 |
| Other liabilities | $33,547 |
| Total liabilities | $934,132 |
| Net assets without donor restrictions | $6,901,636 |
| Net assets with donor restrictions | $87,000 |
| 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 | $7,922,768 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Beverly Art Center has recieved totaling $110,464.
| Awarding Organization | Amount |
|---|---|
Prince Foundation Chicago, IL PURPOSE: GENERAL OPERATING SUPPORT | $40,000 |
Fulk Family Foundation Inc Chicago, IL PURPOSE: GENERAL SUPPORT | $30,000 |
Ruth O Secord Perpetual Charitable Trust Chicago, IL PURPOSE: GENERAL | $20,000 |
Prince Foundation Chicago, IL PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
Fletcher Family Foundation Edina, MN PURPOSE: GENERAL PURPOSE | $6,500 |
John D & Catherine T Macarthur Foundation Chicago, IL PURPOSE: IN SUPPORT OF GENERAL OPERATIONS. | $1,750 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John Michael Kohler Arts Center Inc Sheboygan, WI | $91,886,755 | $7,533,321 |
Puerto Rican Cultural Center Chicago, IL | $9,175,566 | $9,769,703 |
United States Artists Inc Chicago, IL | $40,639,117 | $6,830,121 |
Center Of Creative Arts Saint Louis, MO | $22,497,336 | $9,712,696 |
Bertha D Garten Ketcham Memorial Center Inc Odon, IN | $9,035,091 | $6,675,118 |
Kohler Trust For The Arts And Education Kohler, WI | $9,068,772 | $5,585,156 |
Kranzberg Arts Foundation St Louis, MO | $18,112,007 | $6,602,930 |
The Center For The Performing Arts Inc Carmel, IN | $11,269,434 | $4,631,898 |
American College Of Occupational And Environmental Medicine Elk Grove Village, IL | $5,115,240 | $3,683,433 |
Winnetka Community House Winnetka, IL | $15,269,238 | $4,423,430 |
Association Of American Voices Saint Louis, MO | $696,688 | $3,487,679 |
Brucemore Inc Cedar Rapids, IA | $18,035,244 | $1,902,736 |