Form 990 for tax year 2022

Filed by GILLOURY.

What the amendment changed

Compared with the return it replaced , filed 16 August 2023. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue: $808,352 changed to $252,057
Total expenses: $739,212 changed to $363,291
Contributions and grants received: $785,366 changed to $223,340
Program service revenue: $18,600 changed to $26,908
Investment income: $4,386 changed to $1,809
Total assets, end of year: $2,320,907 changed to $2,204,773
Total liabilities, end of year: $22,566 changed to $17,666
Net assets or fund balances, end of year: $2,298,341 changed to $2,187,107
Program services expenses: $491,110 changed to $214,619
Management and general expenses: $180,859 changed to $113,133
Fundraising expenses: $67,243 changed to $35,539
Program service expenses (Part III): $491,110 changed to $214,619

Totals

Total revenue: $252,057
Total expenses: $363,291
Contributions and grants received: $223,340
Grants paid: $0
Program service revenue: $26,908
Investment income: $1,809
Other revenue: $0
Total assets, end of year: $2,204,773
Total liabilities, end of year: $17,666
Net assets or fund balances, end of year: $2,187,107
Program services expenses (Part IX): $214,619
Management and general expenses: $113,133
Fundraising expenses: $35,539
Program service expenses (Part III): $214,619

Program services were 59.1% 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)

$80,000
1f · All other contributions, gifts and grants

$143,340
2a · Program service revenue: Theatre ticket sales
2b · Program service revenue: Program Service fees

total $26,908 · related or exempt $26,908
3 · Investment income

total $1,809 · related or exempt $1,809

Functional expenses

Part IX, the statement of functional expenses.

7 · Other salaries and wages

total $134,423 · program services $96,290 · management and general $15,362 · fundraising $22,771
9 · Other employee benefits

total $32,126 · program services $22,387 · management and general $4,798 · fundraising $4,941
10 · Payroll taxes

total $12,958 · program services $9,669 · management and general $1,092 · fundraising $2,197
11g · Fees: other

total $87,644 · program services $43,870 · management and general $43,774
12 · Advertising and promotion

total $241 · program services $172 · fundraising $69
13 · Office expenses

total $1,776 · program services $1,304 · management and general $472
14 · Information technology

total $12,453 · program services $90 · management and general $12,363
16 · Occupancy

total $38,132 · program services $19,682 · management and general $16,314 · fundraising $2,136
17 · Travel

total $14,417 · program services $12,764 · management and general $1,340 · fundraising $313
22 · Depreciation, depletion and amortization

total $1,250 · management and general $1,250
23 · Insurance

total $9,858 · program services $140 · management and general $9,718
24a · Other expenses: Dues and Subscriptions

total $2,448 · program services $1,571 · management and general $480 · fundraising $397
24b · Other expenses: Gifts

total $569 · program services $76 · management and general $493
24c · Other expenses: Payroll and bank fees

total $10,049 · program services $5,915 · management and general $2,773 · fundraising $1,361
24e · All other expenses

total $4,947 · program services $689 · management and general $2,904 · fundraising $1,354

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $1,721,287 · end of year $255,272
2 · Savings and temporary cash investments

beginning of year $230,576 · end of year $1,479,656
3 · Pledges and grants receivable

beginning of year $62,100 · end of year $200,383
9 · Prepaid expenses and deferred charges

beginning of year $6,232
10a · Land, buildings and equipment: cost or other basis

$229,833
10b · Land, buildings and equipment: accumulated depreciation

$221,371
10c · Land, buildings and equipment, net

beginning of year $9,712 · end of year $8,462
15 · Other assets

beginning of year $291,000 · end of year $261,000
17 · Accounts payable and accrued expenses

beginning of year $7,002 · end of year $6,742
19 · Deferred revenue

beginning of year $12,674 · end of year $2,700
25 · Other liabilities

beginning of year $2,890 · end of year $8,224
27 · Net assets without donor restrictions

beginning of year $1,817,419 · end of year $1,853,243
28 · Net assets with donor restrictions

beginning of year $480,922 · end of year $333,864

Mission and programs · 2022

Mission

To advance the creation of and expand access to works of Pan-Asian, N African, and Muslim artists; deepen understanding of Pan-Asian, N African, and Muslim Cultures within the broader community; increase access to resources and provide learning to embrace a broader worldview

EDUCATION: Silk Road Rising centers storytelling to promote learning and address complex social issues within and between diverse communities. We proudly offer this innovative programming to Chicagos classrooms, community centers, senior centers, social service agencies, park districts, and universities.We accomplished the following during the January-June 2023 fiscal year: -Delivered 2 EPIC and 5 EPIC Spark residencies, serving 205 students-Brought our Black Teen Lives Matter videos into Chicago classrooms and delivered this program to 293 participants-Introduced 7 elementary school students to classic myths from the historic Silk Road through two Myths to Drama residencies-Offered 2 EPIC for English Language Learners to our community partners, reaching 39 New Americans

Expenses $99,468 · Revenue $25,183
Theatre - The Organization continued work on three new live theatre projects with the intent to produce them in the coming years. Each of the live theatre projects explores an untold Silk Road story; examining concepts of home, rootedness, and healing. The three projects are titled, The Art of Aphasia, EVE, and Road Less Traveled.

Expenses $82,295
Other Program Services include a variety of programs including creative conversations, planning for a Little Amal program, and developing the polycultural institute.

Expenses $26,864
Community Arts - The Organization has made a special commitment to the West Ridge neighborhood on Chicagos far north side. West Ridge is one of the most ethnically, racially, religiously, linguistically, and economically diverse communities in the United States, a truemicrocosm of the 21st-century American mosaic. This past year the Organization facilitated storytelling programming in the neighborhood and amplified the voices of Chicagolands immigrant and refugee communities.

Expenses $5,992 · Revenue $1,000

As filed on the 2022 return.

Listed in Part VII

Nirav Shah

Board Member

Total calculated

$0

Hours/week

1
Priya Khatkhate

Board Member

Total calculated

$0

Hours/week

1
Catherine Dionne

Board Member

Total calculated

$0

Hours/week

0
Jamil Khoury

Co-Executive Artistic Directo

Total calculated

$0

Hours/week

45
Malik Gillani

Co-Executive Artistic Directo

Total calculated

$0

Hours/week

40
Ryan LaHurd

President

Total calculated

$0

Hours/week

2
Rummana Hussain

Secretary

Total calculated

$0

Hours/week

1

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: 16 August 2023
IRS schema version: 2022v5.0
Source object: 202333119349302843

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