Wedge Projects
- Assets
- $7.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 09/2017
- Data as of
- 06/2022
- EIN
- 82-2708567
Organization Overview
Wedge Projects is located in Chicago, IL. The organization was established in 2017. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, 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. Wedge Projects 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 06/2022, Wedge Projects generated $30.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (20.7%) each year. All expenses for the organization totaled $37.8k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (15.4%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
ESTABLISHED AND OPERATED A VENUE OFFERING PROGRAMMING AND OUTREACH AIMED AT PROVIDING AND DEVELOPING OPPORTUNITIES TO AND FOR ARTISTS AND THE GENERAL PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Fleps Treasurer | 0 | $0 | |
Peter Fleps President | 0 | $0 | |
Angela Lopez Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,498 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $30,498 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $2,346 |
| Occupancy, rent, utilities, and maintenance | $28,381 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $7,065 |
| Total expenses | $37,792 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $2,800 |
| Other assets | $0 |
| Total assets | $7,126 |
| Total liabilities | $0 |
| Net assets or fund balances | $7,126 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Wedge Projects has recieved totaling $8,000.
| Awarding Organization | Amount |
|---|---|
Hyde Park Art Center Chicago, IL PURPOSE: PROVIDES ARTIST-RUN INITIATIVES, COLLABORATIONS, AND INDEPENDENT ORGANIZATIONS WITH FLEXIBLE FUNDING TO PURSUE THEIR UNIQUE VISIONS. | $8,000 |
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 |