Chicago Center For Arts And Technology Inc
- Assets
- $12.0m
- Revenue
- $4.3m
- Investments
- $9.4m
- Employees
- 31
- Location
- Chicago, IL
- Founding
- 01/2015
- Data as of
- 12/2022
- EIN
- 47-1717393
Organization Overview
Chicago Center For Arts And Technology Inc is located in Chicago, IL. The organization was established in 2015. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 12/2022, Chicago Center For Arts And Technology Inc employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chicago Center For Arts And Technology Inc 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 12/2022, Chicago Center For Arts And Technology Inc generated $4.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.9%) each year. All expenses for the organization totaled $2.8m during the year ending 12/2022. 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
AT CHICAT, WE EDUCATE AND INSPIRE YOUTH THROUGH NO-COST ARTS AND TECHNOLOGY (SEE SCH O) PROGRAMS. WE EMPOWER ADULTS THROUGH NO-COST JOB TRAINING PROGRAMS THAT HELP THEM FIND SUSTAINABLE EMPLOYMENT. WE ELEVATE THE TALENTS OF THE COMMUNITY THROUGH TRANSFORMATIVE ARTS STUDIOS, INDUSTRY-DRIVEN VOCATIONAL TRAINING AND A BEAUTIFUL SPACE TO UNIFY THE COMMUNITIES WE SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHICAT PROVIDES VOCATIONAL TRAINING IN THE MANUFACTURING AND HEALTHCARE INDUSTRIES. CHICAT'S HEALTH INFORMATION TECHNOLOGY PROGRAM PROVIDES STUDENTS WITH A THOROUGH UNDERSTANDING OF THE HEALTHCARE REVENUE CYCLE, MEDICAL RECORDS MANAGEMENT, AND MEDICAL CODING. MAINTENANCE MECHANICS WORK WITH PRODUCTION MACHINES, TYPICALLY IN FACTORIES, AND OVERSEE MACHINE PERFORMANCE AND UPKEEP. CHICAT'S ADVANCED MANUFACTURING PROGRAM PROVIDES STUDENTS WITH A THOROUGH UNDERSTANDING OF THE FOOD MANUFACTURING INDUSTRIES.
THE CHICAGO CENTER FOR ARTS & TECHNOLOGY'S NO-COST YOUTH ARTS PROGRAMS FOCUS ON THE INTERSECTION OF ART AND TECHNOLOGY THROUGH PROJECT-BASED LEARNING AND STEAM (SCIENCE, TECHNOLOGY, ENGINEERING, THE ARTS, AND MATH).WE STRIVE TO MEET THE ACADEMIC AND SOCIAL-EMOTIONAL NEEDS OF OUR STUDENTS BY OFFERING POST-SECONDARY ADVISING, INDIVIDUAL COUNSELING, AND MENTORSHIP SERVICES. OUR NO-COST PROGRAMS WILL ENABLE YOUTH TO REALIZE THEIR CREATIVE POTENTIAL AND SHARE IT WITH THEIR COMMUNITIES AND THE WORLD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Darrell Williams Board Chair | OfficerTrustee | 1 | $0 |
Steve Sarowitz Vice Chair | Trustee | 1 | $0 |
Vernon Gair Treasurer | OfficerTrustee | 1 | $0 |
Alison Lopez Secretary | OfficerTrustee | 1 | $0 |
Lincoln Chandler Director | Trustee | 1 | $0 |
Dorri Mcwhorter 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 | $245,939 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $245,939 |
| Total Program Service Revenue | $0 |
| Investment income | $73,830 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $96,947 |
| 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 | $4,306,833 |
| 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 | $1,224,751 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $160,321 |
| Payroll taxes | $135,355 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $139,929 |
| Fees for services: Accounting | $65,528 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $110,978 |
| Advertising and promotion | $28,022 |
| Office expenses | $245,239 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $347,575 |
| Travel | $18,090 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,030 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $70,303 |
| Insurance | $43,842 |
| All other expenses | $20,739 |
| Total functional expenses | $2,792,584 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,011,745 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $316,771 |
| 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 | $101,202 |
| Net Land, buildings, and equipment | $88,866 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $9,367,723 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $121,324 |
| Total assets | $12,007,631 |
| Accounts payable and accrued expenses | $112,890 |
| 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 | $112,890 |
| Net assets without donor restrictions | $11,894,741 |
| 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 | $12,007,631 |