Elastic Arts fosters a community of musicians and artists in the Avondale/Logan Square neighborhood of Chicago by developing and presenting creative and independent music, art, and performance events.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
$65K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $43K a year · 9% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$65K
to officers and key staff · 16% of spending
Fine: pay to officers and key staff is 16% of spending; 15% to 20%.
Pt VII · Sec A
6 mo
of spending, in cash
Looks good: 5.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
9
named funders · $202K
Looks good: 9 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$13K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$471K
+47% vs prior year
Spent
$413K
To programs
90%
Net assets
$274K
By yearFY2020–FY2025
Revenue
$471K
FY2022▲ +47%
Tap a bar for its year
Revenue by fiscal year
FY2020$193K
FY2021$321K
FY2022$471K
FY2023$627K
FY2024$508K
FY2025$601K
Expenses
$413K
FY2022▲ +58%
Tap a bar for its year
Expenses by fiscal year
FY2020$246K
FY2021$262K
FY2022$413K
FY2023$488K
FY2024$572K
FY2025$481K
Net assets
$274K
FY2022▲ +27%
Tap a bar for its year
Net assets by fiscal year
FY2020$156K
FY2021$216K
FY2022$274K
FY2023$412K
FY2024$349K
FY2025$468K

From the FY2022 Form 990 (year ending August 2022) · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2004.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $374K Management & general 8% · $35K Fundraising 1% · $5K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990; $65K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Executive Dir.
$65,300Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Adam Zanolini’s $65K as Frmr Exec Dir is at the 60th percentile of top reported officer pay among 2215 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Adam Zanolini$65,310$75,985$68,717$65,300$55,417$49,375
Ben Billington$62,536—————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Elastic Arts Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Supports local musicians and artists by presenting creative music, art, and performance events.

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Provided by the organization

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1 program · $374K · in their own filed words · FY2021
01

1) production and presentation of approximately 200 music concerts, performances, and arts events, open to the general public. 2) rental of performance space to local artists for a nominal fee, 3) development of residency programs for emerging chicago artists and curators

$374Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 9 funders →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$471K
Ln 12
Gifts and grantsLn 1h$311K
Fees for servicesLn 2g$144K
Other incomeLn 4–11$15K
Money outPt IX
$413K
Ln 25
Programscol B$374K
Managementcol C$35K
Fundraisingcol D$5K
Owns and owesPt X
$274K
net assets · Ln 32
Cash and savingsLn 1–2$192K
Total assetsLn 16$287K
LiabilitiesLn 26$13K
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$311K
Government grantsLn 1e$184K
Fees for servicesLn 2g$144K
Other incomeLn 4–11$15K
Gains on assetsLn 7$0
Total revenueLn 12$471K
Assets in detailPt X, end of year
CashLn 1$192K
SavingsLn 2$0
Cash and savings togetherLn 1–2$192K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$19K
Other assetsLn 15$3K
Total assetsLn 16$287K
LiabilitiesLn 26$13K
Net assetsLn 32$274K
OperationsPt I, VI
EmployeesI 53
VolunteersI 610
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$222K$192K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$26K$19K
Total assetsLn 16$286K$287K
LiabilitiesLn 26$70K$13K
Net assetsLn 32$216K$274K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$65K$56K$7K$3K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$43K$43K$12$6
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$9K$7K$861$431
Payroll taxesLn 10$9K$8K$551$275
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$185K$176K$9K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$44K$39K$5K
TravelLn 17$2K$2K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$7K$6K$714$356
InsuranceLn 23$5K$388$5K
Other expenses (24a–d)Ln 24$41K$35K$6K
All other expensesLn 24e$2K$525$1K$342
Total functional expensesLn 25$413K$374K$35K$5K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $601K$481K$120K$468K 990 PDF
FY2024 $508K$572K−$64K$349K 990 PDF
FY2023 $627K$488K$139K$412K 990 PDF
FY2022 Viewing $471K$413K$57K$274K 990 PDF
FY2021 $321K$262K$59K$216K 990 PDF
FY2020 $193K$246K−$53K$156K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $470,759 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $279,506$311,390
I-9 Program service revenuePrior year $29,032$144,406
I-10 Investment income$0
I-11 Other revenuePrior year $12,002$14,963
I-12 Total revenuePrior year $320,540$470,759
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $92,976$126,455
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $168,910$286,904
I-18 Total expensesPrior year $261,886$413,359
I-19 Revenue less expensesPrior year $58,654$57,400
Part VI · Governance 8 of 8 board members independent, no flags
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $470,759 across 10 lines filed
VIII-1e Government grants$183,559
VIII-1f All other contributions, gifts and grants$127,831
VIII-1h Total contributions, gifts and grants$311,390
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $144,406$144,406
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$14,963
VIII-12 Total revenueRelated to mission $144,406$470,759
Part IX · Statement of functional expenses $413,359 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $55,505 · Management $6,530 · Fundraising $3,265$65,300
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $43,374 · Management $12 · Fundraising $6$43,392
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $7,321 · Management $861 · Fundraising $431$8,613
IX-10 Payroll taxesPrograms $8,324 · Management $551 · Fundraising $275$9,150
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $175,614 · Management $8,902$184,516
IX-12 Advertising and promotionPrograms $1,604$1,604
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $38,745 · Management $4,890$43,635
IX-17 TravelPrograms $1,724$1,724
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $6,065 · Management $714 · Fundraising $356$7,135
IX-23 InsurancePrograms $388 · Management $4,625$5,013
IX-24 Other expenses (24a–d)Programs $34,663 · Management $6,392$41,055
IX-24e All other expensesPrograms $525 · Management $1,355 · Fundraising $342$2,222
IX-25 Total functional expensesPrograms $373,852 · Management $34,832 · Fundraising $4,675$413,359
Part X · Balance sheet $287,059 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $222,097$192,387
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivableStart of year $35,569$73,169
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $25,638$18,503
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $3,000$3,000
X-16 Total assetsStart of year $286,304$287,059
X-17 Accounts payable and accrued expensesStart of year $4,040$5,317
X-19 Deferred revenueStart of year $50,703$8,181
X-26 Total liabilitiesStart of year $70,143$13,498
X-27 Net assets without donor restrictionsStart of year $133,287$178,166
X-28 Net assets with donor restrictionsStart of year $82,874$95,395
X-32 Total net assets or fund balancesStart of year $216,161$273,561
X-33 Total liabilities and net assetsStart of year $286,304$287,059
Part XI · Reconciliation of net assets $273,561 net assets at year end
XI-1 Total revenue$470,759
XI-2 Total expenses$413,359
XI-3 Revenue less expenses$57,400
XI-4 Net assets at start of year$216,161
XI-10 Net assets at end of year$273,561

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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