Open Center For The Arts
- Assets
- $24.3k
- Revenue
- $289.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- Data as of
- 09/2023
- EIN
- 38-3936972
Organization Overview
Open Center For The Arts is located in Chicago, IL. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, 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. Open Center For The Arts 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 09/2023, Open Center For The Arts generated $289.1k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $290.4k during the year ending 09/2023. While expenses have increased by 4.9% per year over the past 4 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A SPACE WHERE ALL CAN COME TOGETHER TO SHARE SHOWCASE AND DEVELOP THEIR CREATIVE TALENTS WHILE CONNECTING TO THE COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
ARTECITO VIRTUAL IS A BIMONTHLY WORKSHOP PRESENTED VIA ZOOM. THIS PROJECT WAS CREATED IN COLLABORATION WITH LINCOLN PARK ZOO AND WERE ABLE TO PRESENT 26 WORKSHOPS IN THE LAST CALENDAR YEAR. PARTICIPANTS EXPLORE DIFFERENT PLANTS AND WILDLIFE THROUGH A PREPARED PRESENTATION AND REINFORCED THROUGH AN ART ACTIVITY.
ARTZONE IS PRESENTED DURING THREE COMMUNITY EVENTS IN NORTH LAWNDALE AND SOUTH LAWNDALE DURING THE SUMMER MONTHS. THEY ARE THE LAWNDALE PEACE PARTY, NORTH LAWNDALE ARTS FESTIVAL, AND THE LAWNDALE COOK OUT. THE ARTZONE PROVIDES PARTICIPANTS 4-5 INTERACTIVE ART WORKSHOPS LED BY COMMUNITY BASED ARTISTS. PARTICIPANTS ARE ENCOURAGED TO VISIT ALL STATIONS AND CREATE AT THEIR OWN PACE. WE ARE LOOKING TO EXPAND THE ARTZONE TO INCLUDE ADDITIONAL DATES.
THE LAWNDALE MURAL PROJECT IS PART OF THE ONE LAWNDALE'S INITIATIVE OF CONNECTING NORTH LAWNDALE AND SOUTH LAWNDALE THROUGH THE ARTS. WE COLLABORATED WITH FREEDOM HOUSE AND ARTIST HAMAN CROSS III TO CREATE THE FIRST OF THE MURALS ALONGSIDE A 150FT LONG WALL IN THE SOUTH LAWNDALE. THE MURAL PROJECT INVOLVED FOUR COMMUNITY TEENS THAT SUPPORTED THE LEAD ARTIST IN THE COMPLETION OF THE MURAL. LOOKING FORWARD TO NEXT SUMMER AND CONTINUING THE PROJECT IN NORTH LAWNDALE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jorge O Magana Executive Director | Trustee | 40 | $0 |
Ivan Torres Board Member | Trustee | 5 | $0 |
Carmen Vergara Board Member | Trustee | 5 | $0 |
Reyna Hernandez Board Member | Trustee | 5 | $0 |
Jaime Arteaga Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $4,168 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $208,623 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $212,791 |
| Total Program Service Revenue | $76,345 |
| Investment income | $0 |
| 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 | $289,136 |
| 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 | $177,357 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $722 |
| Office expenses | $1,905 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $25,892 |
| Travel | $8,692 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,794 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,090 |
| All other expenses | $2,287 |
| Total functional expenses | $290,429 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,310 |
| 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 | $24,310 |
| 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 | $24,310 |
| 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 | $24,310 |