Latitude Inc Nfp
- Assets
- $186.5k
- Revenue
- $416.7k
- Investments
- $0.0
- Employees
- 5
- Location
- Chicago, IL
- Founding
- 10/2014
- Data as of
- 01/2023
- EIN
- 45-5275521
Organization Overview
Latitude Inc Nfp is located in Chicago, IL. The organization was established in 2014. According to its NTEE Classification (A90) the organization is classified as: Arts Services, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 01/2023, Latitude Inc Nfp employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Latitude Inc 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 01/2023, Latitude Inc Nfp generated $416.7k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.3% each year . All expenses for the organization totaled $417.5k during the year ending 01/2023. While expenses have increased by 20.7% per year over the past 8 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
LATITUDE PROVIDES ACCESS TO HIGH END DIGITAL MEDIA EQUIPMENT, A PROFESSIONAL PRODUCTION SPACE,AND A CURRICULUM DEDICATED TO REAL-WORLD WORKFLOWS AND CONTEMPORARY ART THEORY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FACILITATE CREATION OF VISUAL ARTS THROUGH MAINTAINING A COMMUNITY DIGITAL LAB WITH HIGH-END SCANNING AND PRINTING EQUIPMENT, OPERATES AN ARTIST IN RESIDENCE PROGRAM, AND ORGANIZES REGULAR EDUCATION AND ARTS PROGRAMMING.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
B Ingrid Olson Board Member | Officer | 0 | $0 |
Krystal M Boney Treasurer | Officer | 0 | $0 |
Brian Gee President | Trustee | 0 | $0 |
Nathan Miller Secretary Of Board | Trustee | 1 | $0 |
Colleen Keihm Executive Director | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $162,399 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $162,399 |
| Total Program Service Revenue | $252,048 |
| 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 | $416,652 |
| 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 | $175,430 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,724 |
| Fees for services: Accounting | $7,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,564 |
| Advertising and promotion | $3,576 |
| Office expenses | $0 |
| Information technology | $28,733 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,260 |
| 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 | $6,386 |
| Insurance | $33,453 |
| All other expenses | $108,580 |
| Total functional expenses | $417,469 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $121,334 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$641 |
| 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 | $65,765 |
| Total assets | $186,458 |
| 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 | $51,132 |
| Total liabilities | $51,132 |
| Net assets without donor restrictions | $135,326 |
| 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 | $186,458 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Latitude Inc Nfp has recieved totaling $12,500.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $12,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ragdale Foundation Lake Forest, IL | $7,031,107 | $4,396,121 |
Eau Claire Confluence Arts Inc Eau Claire, WI | $54,912,960 | $2,573,269 |
Contemporary Art Museum St Louis St Louis, MO | $20,335,719 | $3,186,763 |
De Pere Cultural Foundation Inc De Pere, WI | $53,635,326 | $47,909,418 |
Lawyers For The Creative Arts Chicago, IL | $1,154,153 | $854,234 |
Express Yourself Milwaukee Inc Milwaukee, WI | $0 | $354,864 |
Latitude Inc Nfp Chicago, IL | $186,458 | $416,652 |
Chicago Artists Coalition Chicago, IL | $315,844 | $219,386 |
Augusta Ferry Authority Inc Augusta, KY | $165,919 | $419,126 |
Nickel Plate Arts Inc Noblesville, IN | $138,591 | $422,458 |
Hoosier Salon Patrons Association Indianapolis, IN | $235,840 | $346,649 |
3333 Washington Inc St Louis, MO | $4,354,028 | $1,268,494 |