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Nonprofiteer
← 3ARTS INC

Form 990 for tax year 2024

Filed by 3ARTS INC.

Totals

Total revenue
$2,033,779
Total expenses
$2,050,483
Contributions and grants received
$1,573,589
Grants paid
$909,197
Program service revenue
$0
Investment income
$460,080
Other revenue
$110
Total assets, end of year
$12,315,870
Total liabilities, end of year
$109,563
Net assets or fund balances, end of year
$12,206,307
Program services expenses (Part IX)
$1,377,916
Management and general expenses
$396,423
Fundraising expenses
$276,144
Program service expenses (Part III)
$1,377,916

Program services were 67.2% 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.

  • 1e · Government grants (contributions)

    $140,000

  • 1f · All other contributions, gifts and grants

    $1,433,589

  • 3 · Investment income

    total $410,582 · excluded $410,582

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $1,310,415

  • 7b · Less cost or other basis and sales expenses

    securities $1,260,917

  • 7c · Gain or loss

    securities $49,498

  • 7d · Net gain or loss

    total $49,498 · related or exempt $49,498

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: MISCELLAENOUS

    total $110 · related or exempt $110

  • 11e · Other revenue, total

    $110

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $62,348 · program services $62,348

  • 2 · Grants to domestic individuals

    total $846,849 · program services $846,849

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $288,023 · program services $118,089 · management and general $66,245 · fundraising $103,689

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $320,686 · program services $124,083 · management and general $73,463 · fundraising $123,140

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $84,884 · program services $33,771 · management and general $19,482 · fundraising $31,631

  • 10 · Payroll taxes

    total $40,312 · program services $16,038 · management and general $9,252 · fundraising $15,022

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $30,498 · management and general $30,498

  • 11g · Fees: other

    total $126,406 · program services $47,800 · management and general $78,606

  • 12 · Advertising and promotion

    total $13,091 · program services $13,091

  • 13 · Office expenses

    total $6,710 · program services $25 · management and general $6,685

  • 14 · Information technology

    total $85,195 · program services $6,545 · management and general $78,650

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $11,555 · management and general $11,555

  • 17 · Travel

    total $4,251 · program services $2,961 · management and general $1,203 · fundraising $87

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $92,621 · program services $90,843 · management and general $1,183 · fundraising $595

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $855 · management and general $855

  • 23 · Insurance

    total $4,147 · management and general $4,147

  • 24a · Other expenses: Professional Development

    total $23,417 · program services $14,400 · management and general $7,988 · fundraising $1,029

  • 24b · Other expenses: Membership and Dues

    total $4,048 · management and general $4,048

  • 24c · Other expenses: Bank & Credit Card Fees

    total $3,191 · program services $1,073 · management and general $1,167 · fundraising $951

  • 24d · Other expenses: Postage and Shipping

    total $1,290 · management and general $1,290

  • 24e · All other expenses

    total $106 · management and general $106

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $686,691 · end of year $449,146

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $194,576 · end of year $660,000

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $26,509 · end of year $31,070

  • 10a · Land, buildings and equipment: cost or other basis

    $30,547

  • 10b · Land, buildings and equipment: accumulated depreciation

    $29,496

  • 10c · Land, buildings and equipment, net

    beginning of year $1,907 · end of year $1,051

  • 11 · Investments: publicly traded securities

    beginning of year $10,311,888 · end of year $10,909,577

  • 12 · Investments: other securities

    beginning of year $265,025 · end of year $265,026

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $22,295 · end of year $19,563

  • 18 · Grants payable

    end of year $90,000

  • 27 · Net assets without donor restrictions

    beginning of year $10,555,520 · end of year $11,169,585

  • 28 · Net assets with donor restrictions

    beginning of year $908,781 · end of year $1,036,722

Mission and programs · 2024

Mission

Founded in 1912, with a history centered on women artists, 3Arts, Inc. (the Organization) is an Illinois not-for-profit organization that supports artists working in the performing, teaching, and visual arts in the Chicago metropolitan area, including women artists, artists of color, and deaf and disabled artists. By providing unrestricted awards, project funding, residencies, professional development, and promotion, the Organization helps artists take risks, experiment, and build momentum in their careers over time. The Organization is supported primarily through public contributions, government grants, and investment income.

  • Founded in 1912, with a history centered on women artists, 3Arts, Inc. (the Organization) is an Illinois not-for-profit organization that supports artists working in the performing, teaching, and visual arts in the Chicago metropolitan area, including women artists, artists of color, and deaf and disabled artists. By providing unrestricted awards, project funding, residencies, professional development, and promotion, the Organization helps artists take risks, experiment, and build momentum in their careers over time. The Organization is supported primarily through public contributions, government grants, and investment income.

    Expenses $1,377,916 · Grants $909,197

As filed on the 2024 return.

Listed in Part VII

  • Esther Grimm

    Executive Dir.

    Total calculated
    $288,023
    From this org
    $263,077
    From related orgs
    $0
    Other
    $24,946
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $263,077
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $24,946
    Filer's total
    $288,023

  • Katie Dowling

    Chair

    Total calculated
    $0
    Hours/week
    2

  • Kimberly Manuel-Dickens

    Vice Chair

    Total calculated
    $0
    Hours/week
    2

  • Acasia Wilson Feinberg

    Vice Chair

    Total calculated
    $0
    Hours/week
    2

  • Scott Wang

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Remberto del Real

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • Alice Dubose

    Director

    Total calculated
    $0
    Hours/week
    2

  • Joanie Friedman

    Director

    Total calculated
    $0
    Hours/week
    2

  • Whitney Hill

    Director

    Total calculated
    $0
    Hours/week
    2

  • Erica Hubbard

    Director

    Total calculated
    $0
    Hours/week
    2

  • Sebastian Marentes

    Director

    Total calculated
    $0
    Hours/week
    2

  • Katie Mohrfeld

    Director

    Total calculated
    $0
    Hours/week
    2

  • Jason Quiara

    Director

    Total calculated
    $0
    Hours/week
    2

  • Eva Silverman

    Director

    Total calculated
    $0
    Hours/week
    2

  • Katy Simmons

    Director

    Total calculated
    $0
    Hours/week
    2

  • Mike Siurek

    Director

    Total calculated
    $0
    Hours/week
    2

  • Jeremy Wright

    Director

    Total calculated
    $0
    Hours/week
    2

  • PETE BUSE

    Director

    Total calculated
    $0
    Hours/week
    2

  • AMY COCHRAN

    Director

    Total calculated
    $0
    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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.2
Source object
202523179349302992

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