Society For The Arts Ltd
- Assets
- $45.2k
- Revenue
- $164.4k
- Investments
- $0.0
- Employees
- 2
- Location
- Chicago, IL
- Founding
- 02/1997
- Data as of
- 12/2021
- EIN
- 52-1247160
Organization Overview
Society For The Arts Ltd is located in Chicago, IL. The organization was established in 1997. 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. As of 12/2021, Society For The Arts Ltd employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Society For The Arts Ltd 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 12/2021, Society For The Arts Ltd generated $164.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.0%) each year. All expenses for the organization totaled $169.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (9.5%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTION OF CENTRAL EASTERN EUROPEAN CULTURE
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHICAGO INTERNATIONAL DOCUMENTARY FESTIVAL DOCSPACE SERIES 5. SCREENINGS OF MOST INTERESTING NEW DOCUMENTARIES IN A SERIES OF PRESENTATIONS WITH QAS WITH INVITED FILMAKERS AND DISCUSSIONS MODERATED BY RECOGINZED FILM CRITICS. GALLERY THEATRE, THE SOCIETY FOR ARTS APRIL-DECEMBER ATT 2,000
33 RD ANNUAL POLISH FILM FESTIVAL IN AMERICA. THE WORLDS MOST EXTENSIVE SHOWECASE OF POLISH CINEMA. NEARLY 100 NON-COMMERCIAL SCREENINGS, Q A SESSIONS WITH MANU FILMAKERS ACTORS, DIRECTORS, CINEMATOGRAPHERS,PRODUCERS, PANEL DISCUSSIONS, VIRTUAL SREAMING AND IN-PERSON SHOWS.VARIOUS LOCATIONS IN THE CHICAGOLAND, INCLUDING COPERNICUS CENTER, GALLERY THEATRE. NOVEMBER 2021 ATT 8,000
CONTEMPORARY POLISH GRAPHICS CONTINUED, 1112 GALLERIES, FEB-MARCH 2021 ATTEND. 1,000
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Kamyszew Director | OfficerTrustee | 40 | $0 |
Tom Startek Director | Trustee | 25 | $0 |
Chris Sztyber Director | Trustee | 30 | $0 |
Jerry Koziol Director | Trustee | 25 | $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 | $86,143 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $86,143 |
| Total Program Service Revenue | $77,725 |
| Investment income | $500 |
| 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 | $164,368 |
| 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. | $8,000 |
| Compensation of current officers, directors, key employees. | $2,800 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $27,460 |
| Payroll taxes | $1,530 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $635 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,618 |
| Information technology | $4,618 |
| Royalties | $0 |
| Occupancy | $28,730 |
| 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 | $2,696 |
| Insurance | $1,844 |
| All other expenses | -$18 |
| Total functional expenses | $169,262 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,809 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $17,611 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,123 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,631 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $45,174 |
| Accounts payable and accrued expenses | $2,754 |
| 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 | $142,350 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $145,104 |
| 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 | -$99,930 |
| Total liabilities and net assets/fund balances | $45,174 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Society For The Arts Ltd has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
I J Roman Family Foundation Dearborn, MI PURPOSE: CULTURAL PROMOTING | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Xilin Association Naperville, IL | $12,598,831 | $16,219,708 |
Great Lakes Inter-Tribal Council Inc Lac Du Flambeau, WI | $2,692,230 | $12,711,243 |
Madam Walker Legacy Center Indianapolis, IN | $11,815,867 | $1,800,443 |
National Museum Of Mexican Art Chicago, IL | $19,674,194 | $15,502,542 |
Cityserve International Springfield, MO | $3,073,627 | $2,894,245 |
Instituto Cervantes Of Chicago Inc Chicago, IL | $741,739 | $2,489,461 |
The Alliance Francaise French House Of Chicago Chicago, IL | $5,091,056 | $2,088,000 |
Blackhawk Area Cu Savanna, IL | $44,108,339 | $1,720,364 |
Puerto Rican Arts Alliance Chicago, IL | $5,828,545 | $2,540,329 |
The National Museum Of Puerto Rican Arts And Culture Chicago, IL | $8,152,716 | $2,503,474 |
Hispanic-American Construction Industry Association Chicago, IL | $735,168 | $1,371,038 |
Siouxland Expo Center Sioux City, IA | $20,203,719 | $764,942 |