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Association for Creative Industries FY2020 filing

IRS exemption revoked

Chicago, ILUnknown exempt organization EIN 13-1496862Revenue $1.7M in FY2020

On file with the IRScreativeindustries.org330 N Wabash Avenue No 2000 · Chicago, IL

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To stimulate the sales growth of the Creative arts products industry worldwide

Mission: Form 990 Part I, line 1

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 4 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 2
filings with a surplus
Average deficit $576K a year · 56% of revenue · last 2 filings
Concern: a surplus in 0 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Cash reserves
<1 mo
of spending, in cash
Plus $494K in investments, Pt X · Ln 11–13
Fine: 0.8 months of spending in cash, plus $494K in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$234K
27% of total assets
Looks good: liabilities are 27% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.7M
Spent
$2.2M
Net assets
$647K
By yearFY2020–FY2021
Revenue
$1.7M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$1.7M
FY2021$344K
Expenses
$2.2M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$2.2M
FY2021$999K
Net assets
$647K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$647K
FY2021$0

From the FY2020 Form 990 · see the original

990 PDF Claim
IRS revoked this organization's tax-exempt status on April 15, 2025
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2021) →

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2021.

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

Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation
Jim Thielen
Board Chair
$0Pt VII · Sec A
Joe McClain
Vice Chair
$0Pt VII · Sec A
Bradley Beck
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Lawrence Hoffman
Board Member
$0Pt VII · Sec A
Lisa Kiser
Board Member
$0Pt VII · Sec A
Ursula Morgan
Board Member
$0Pt VII · Sec A
Jim Scatena
Board Member
$0Pt VII · Sec A
See Association for Creative Industries 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 15aNo

Programs and updates

Promote worldwide sales growth for creative arts products.

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Provided by the organization

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3 programs · in their own filed words · FY2020
01

Educational programs for members and attendees at the trade shows - to provide year round educational programs and networking opportunities for our members and trade show attendees that enhance their knowledge and skills necessary for success in the creative arts products industry.

Pt IX · col B
02

Public relations efforts to promote interest in the creative arts products industry - to promote the interest in the creative arts products industry through sponsorship of association events as well as providing tools to retail members.

Pt IX · col B
03

Trade Shows

To organize, promote and hold major events that promote the creative arts products industry growth through trade shows, which host approximately 4,000 people from around the globe.

Pt IX · col B

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 1 grant · $116K · 2021–2021
National Art Materials Trade AssociationNC · FY2021$116,226

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.7M
Ln 12
Fees for servicesLn 2g$1.7M
Investment incomeLn 3$22K
Money outPt IX
$2.2M
Ln 25
Owns and owesPt X
$647K
net assets · Ln 32
Cash and savingsLn 1–2$152K
Total assetsLn 16$881K
LiabilitiesLn 26$234K
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.7M
Investment incomeLn 3$22K
Total revenueLn 12$1.7M
Assets in detailPt X, end of year
SavingsLn 2$152K
Cash and savings togetherLn 1–2$152K
InvestmentsLn 11–13$494K
Land, buildings, equipmentLn 10c$18K
Other assetsLn 15$3K
Total assetsLn 16$881K
LiabilitiesLn 26$234K
Net assetsLn 32$647K
OperationsPt I, VI
EmployeesI 50
VolunteersI 660
Fiscal year endsHeaderDecember
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 FY20End FY20
Cash and savingsLn 1–2$593K$152K
InvestmentsLn 11–13$1.4M$494K
Land, buildings, equipmentLn 10c$23K$18K
Total assetsLn 16$2.5M$881K
LiabilitiesLn 26$1.4M$234K
Net assetsLn 32$1.1M$647K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$675K
Legal feesLn 11b$11K
Accounting feesLn 11c$13K
Advertising and promotionLn 12$6K
Office expensesLn 13$20K
TravelLn 17$29K
Conferences, conventions and meetingsLn 19$1.3M
Depreciation, depletion and amortizationLn 22$5K
InsuranceLn 23$19K
Other expenses (24a–d)Ln 24$102K
Total functional expensesLn 25$2.2M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest $344K$999K−$655K$0 990 PDF
FY2020 Viewing $1.7M$2.2M−$496K$647K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $1,716,627 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $2,352,287$1,694,164
I-10 Investment incomePrior year $30,933$22,463
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $2,383,220$1,716,627
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,086,585$2,212,395
I-18 Total expensesPrior year $2,086,585$2,212,395
I-19 Revenue less expensesPrior year $296,635−$495,768
Part VI · Governance 12 of 12 board members independent, 1 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-15a Process for setting top official's payNo
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
Part VIII · Statement of revenue $1,716,627 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,687,133 · Unrelated business $7,031$1,694,164
VIII-3 Investment incomeExcluded from tax $22,463$22,463
VIII-12 Total revenueRelated to mission $1,687,133 · Unrelated business $7,031 · Excluded from tax $22,463$1,716,627
Part IX · Statement of functional expenses $2,212,395 across 10 lines filed
IX-11a Management fees$675,334
IX-11b Legal fees$10,706
IX-11c Accounting fees$13,394
IX-12 Advertising and promotion$5,507
IX-13 Office expenses$19,661
IX-17 Travel$28,953
IX-19 Conferences, conventions and meetings$1,333,488
IX-22 Depreciation, depletion and amortization$5,000
IX-23 Insurance$18,783
IX-24 Other expenses (24a–d)$101,569
IX-25 Total functional expenses$2,212,395
Part X · Balance sheet $880,848 assets, 14 lines filed
X-2 Savings and temporary cash investmentsStart of year $592,673$152,115
X-4 Accounts receivable$2,543
X-9 Prepaid expenses and deferred chargesStart of year $534,019$211,684
X-10c Land, buildings and equipment, netStart of year $23,333$18,333
X-11 Publicly traded securitiesStart of year $1,366,213$493,617
X-15 Other assetsStart of year $9,902$2,556
X-16 Total assetsStart of year $2,526,140$880,848
X-17 Accounts payable and accrued expensesStart of year $14,567$94,620
X-19 Deferred revenueStart of year $1,363,251$137,917
X-25 Other liabilitiesStart of year $16,597$1,348
X-26 Total liabilitiesStart of year $1,394,415$233,885
X-27 Net assets without donor restrictionsStart of year $1,131,725$646,963
X-32 Total net assets or fund balancesStart of year $1,131,725$646,963
X-33 Total liabilities and net assetsStart of year $2,526,140$880,848
Part XI · Reconciliation of net assets $646,963 net assets at year end
XI-1 Total revenue$1,716,627
XI-2 Total expenses$2,212,395
XI-3 Revenue less expenses−$495,768
XI-4 Net assets at start of year$1,131,725
XI-5 Net unrealized gains (losses) on investments$11,006
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$646,963

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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