Totals
- Total revenue
- $1,978,600
- Total expenses
- $2,472,897
- Contributions and grants received
- $534,202
- Grants paid
- $0
- Program service revenue
- $1,363,498
- Investment income
- $194
- Other revenue
- $80,706
- Total assets, end of year
- $7,559,704
- Total liabilities, end of year
- $1,079,576
- Net assets or fund balances, end of year
- $6,480,128
- Program services expenses (Part IX)
- $1,877,415
- Management and general expenses
- $480,038
- Fundraising expenses
- $115,444
- Program service expenses (Part III)
- $1,877,415
Program services were 75.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1b · Membership dues
$10,736
-
1c · Fundraising events
$8,130
-
1f · All other contributions, gifts and grants
$515,336
-
2a · Program service revenue: Outreach
total $630,407 · related or exempt $630,407
-
2b · Program service revenue: Tuition-School of arts
total $394,635 · related or exempt $394,635
-
2c · Program service revenue: Live performances
total $334,636 · related or exempt $334,636
-
2d · Program service revenue: Gallery Sales
total $3,820 · related or exempt $3,820
-
3 · Investment income
total $194 · excluded $194
-
6a · Gross rents
real property $109,796
-
6b · Less rental expenses
real property $70,055
-
6c · Rental income or loss
real property $39,741
-
6d · Net rental income or loss
total $39,741 · excluded $39,741
-
8a · Fundraising events: gross income
$15,655
-
8a · Fundraising events: contributions included on line 1c
$8,130
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $15,655 · excluded $15,655
-
10a · Gross sales of inventory
$42,966
-
10b · Cost of goods sold
$19,272
-
10c · Net income from sales of inventory
total $23,694 · related or exempt $23,694
-
11a · Other revenue: Other
total $1,616 · related or exempt $1,616
-
11e · Other revenue, total
$1,616
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $101,843 · program services $67,549 · management and general $25,980 · fundraising $8,314
-
7 · Other salaries and wages
total $691,730 · program services $458,800 · management and general $176,462 · fundraising $56,468
-
9 · Other employee benefits
total $46,420 · program services $30,789 · management and general $11,842 · fundraising $3,789
-
10 · Payroll taxes
total $62,940 · program services $41,746 · management and general $16,056 · fundraising $5,138
-
11c · Fees: accounting
total $12,200 · management and general $12,200
-
11g · Fees: other
total $756,387 · program services $745,638 · management and general $1,989 · fundraising $8,760
-
12 · Advertising and promotion
total $40,030 · program services $21,428 · management and general $15,254 · fundraising $3,348
-
13 · Office expenses
total $242,288 · program services $163,511 · management and general $75,780 · fundraising $2,997
-
16 · Occupancy
total $109,712 · program services $81,359 · management and general $24,655 · fundraising $3,698
-
17 · Travel
total $4,576 · program services $2,936 · management and general $1,525 · fundraising $115
-
20 · Interest
total $41,740 · program services $42,564 · management and general -$2,095 · fundraising $1,271
-
22 · Depreciation, depletion and amortization
total $258,974 · program services $188,600 · management and general $64,744 · fundraising $5,630
-
23 · Insurance
total $34,520 · program services $25,599 · management and general $7,757 · fundraising $1,164
-
24a · Other expenses: Licenses and fees
total $35,694 · program services $1,676 · management and general $34,007 · fundraising $11
-
24b · Other expenses: Miscellaneous
total $30,343 · program services $5,220 · management and general $10,382 · fundraising $14,741
-
24c · Other expenses: Bad debt expense
total $3,500 · management and general $3,500
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $91,172 · end of year $36,691
-
2 · Savings and temporary cash investments
beginning of year $111,483 · end of year $81,677
-
3 · Pledges and grants receivable
beginning of year $250,000
-
4 · Accounts receivable
beginning of year $80,856 · end of year $273,064
-
8 · Inventories for sale or use
beginning of year $2,114 · end of year $2,718
-
9 · Prepaid expenses and deferred charges
beginning of year $34,404 · end of year $47,041
-
10a · Land, buildings and equipment: cost or other basis
$12,891,004
-
10b · Land, buildings and equipment: accumulated depreciation
$5,775,781
-
10c · Land, buildings and equipment, net
beginning of year $7,348,393 · end of year $7,115,223
-
15 · Other assets
beginning of year $4,346 · end of year $3,290
-
17 · Accounts payable and accrued expenses
beginning of year $91,485 · end of year $73,693
-
19 · Deferred revenue
beginning of year $53,747 · end of year $67,548
-
24 · Unsecured notes and loans payable
beginning of year $755,353 · end of year $890,577
-
25 · Other liabilities
beginning of year $33,547 · end of year $47,758
-
27 · Net assets without donor restrictions
beginning of year $6,901,636 · end of year $6,219,959
-
28 · Net assets with donor restrictions
beginning of year $87,000 · end of year $260,169
Mission and programs · 2022
Mission
The Beverly Arts Center, located on Chicago's south side, is a multi-faceted organization building community through diverse, quality arts programming, education, and entertainment for all ages and levels.
Activities or mission (Part I)
Community Art Center in Beverly neighborhood of Chicago.
-
The Organization provides artistic programming through its school of the arts, dance studio, adult and children's performance programming, special events, and education outreach.
Expenses $1,877,415 · Revenue $1,388,808
As filed on the 2022 return.
Listed in Part VII
-
Stacey Recht
President
- Total calculated
- $0
- Hours/week
- 2
-
Chris Wilczak
Vice President
- Total calculated
- $0
- Hours/week
- 2
-
Sonja Brisard
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Amy Stickel
Secretary
- Total calculated
- $0
- Hours/week
- 2
-
Shayna Gray
Director
- Total calculated
- $0
- Hours/week
- 2
-
Ed McGunn
Director
- Total calculated
- $0
- Hours/week
- 2
-
Denise Powell
Director
- Total calculated
- $0
- Hours/week
- 2
-
Sandra Leonard
Director
- Total calculated
- $0
- Hours/week
- 2
-
James Noonan
Director
- Total calculated
- $0
- Hours/week
- 2
-
Katrina Pavlik
Director
- Total calculated
- $0
- Hours/week
- 2
-
Kamilah Parker
Director
- Total calculated
- $0
- Hours/week
- 2
-
Carla Carter
Executive Director
- Total calculated
- $101,843
- From this org
- $100,000
- From related orgs
- $0
- Other
- $1,843
- Hours/week
- 2
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 3 July 2024
- IRS schema version
- 2022v5.0
- Source object
- 202431859349301008
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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