Eta Creative Arts Foundation EIN 23-7157694

Eta Creative Arts Foundation

Not yet claimed Claim this org →

Presents theatrical performances for the general public. For fiscal year 2024 it reported $226K in revenue, $364K in expenses, and $3.5M in net assets.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
Chicago, IL
Website
etacreativearts.org
Filings
6 on file (2019–2024)
Revenue
$226KFY2024
Expenses
$364K
Net assets
$3.5M
People
5
Filings
6
Updates
0
More identity details & actions ⌄
EIN  23-7157694 Public charity (501(c)(3)) Chicago, IL
Form 990 (PDF)
Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Eta Creative Arts Foundation claims this page.

Know this organization? Claim it to add your story

Size
$100K–1M
What they do
Presents theatrical performances for the general public.
Leadership
Kenya Thomas · Executive Director · $73K
Money in and out
$226K revenue, $364K expenses
Bottom line
44% program efficiency
Where the money goes · FY2024
Total revenue
$226K
Pt VIII · Ln 12
Total expenses
$364K
Pt IX · Ln 25
Net assets
$3.5M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$137K
Where spending went · Part IX cols B–D
Program services $0.44 Management & general $0.56
Program efficiency
44%
of spending reaches programs▼ -2% vs prior filing year
Operating runway
52.7mo
months of highly liquid reserves at operating expense rate▲ +52% vs prior filing year
Surplus margin
-61%
revenue over expenses, this year▼ -0.6% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$226K
FY2024▼ -9%
Expenses
$364K
FY2024▼ -9%
Total assets
$5.0M
FY2024▲ +22%
Total liabilities
$1.6M
FY2024▲ +165%
Total revenue
$226K
Pt VIII · Ln 12
Total expenses
$364K
Pt IX · Ln 25
Net assets
$3.5M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$137K
Total assetsPt X · Ln 16$5.0M
Program-expense ratioPt IX · col B44%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44
Mission & Programs · Part III

Where the work happens

3 program services account for $162K of program spending, described in the organization's own filed words · FY2024.
01

Productions

Eta creative arts foundation provides professional opportunities through performances and on the job training for the development of both youth and young adults as artist.

$90Kprogram expense
02

Theater Rental

Eta creative arts foundation rents its facilities to local groups to promote their productions.

$65Kprogram expense
03

Community Engagement

Eta host a plethora of community events for adults throughout the year.

$8Kprogram expense

Run this program? Claim this org to tell your story

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CEta Creative Arts Foundation
EINHdr · item D23-7157694
Principal addressHdr · item CChicago, IL
WebsiteHdr · item Jetacreativearts.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A650)
Ruling yearIRS BMFDec 1971

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$73,317Pt VII · Sec A
Board President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Kenya Thomas’s $73K as Executive Director is at the 68th percentile of top reported officer pay among 2212 $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 · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020FY2019
Kenya Thomas$73,317$75,000$75,000$52,088
Kai El' Zabar$75,000$75,000
Kemati Porter$66,000
Clover Blackburn$55,398

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 Eta Creative Arts Foundation executive salaries →

Are you one of these people? Claim this org to confirm your role

Statement of Revenue

Part VIII
Contributions & grants$193K · 85%
Program service revenue$27K · 12%
Investment income$8K · 3%
Contributions & grants85%$193K
Program service revenue12%$27K
Investment income3%$8K
— government grantsLn 1e$4K
Total revenueLn 12$226K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.44 Management & general $0.56
Program services44%$162K
Management & general56%$202K
Total functional expensesLn 25$364K

Balance Sheet

Part X · end of year
CashLn 1$1.6M
Total assetsLn 16$5.0M
Total liabilitiesLn 26$1.6M
Total net assetsLn 32$3.5M
Months of cash on handcomputed52.7

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.6M · Operating expenses/yr $364K
52.7 months
Where the money goes
Program services
Program services $162K · Total expenses $364K
44%
Management & General
Management & general $202K · Total expenses $364K
56%
Fundraising
Fundraising $0 · Total expenses $364K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $145K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $193K · Total revenue $226K
85%
Government reliance
Government grants $4K · Total revenue $226K
2%
Earned-income share
Program service revenue $27K · Total revenue $226K
12%
Investment reliance
Investment income $8K · Total revenue $226K
+3%
Program self-sufficiency
Program service revenue $27K · Total expenses $364K
7%
Growth & trend
Revenue growth (YoY)
This year $226K · Prior year $249K
-9%
Revenue CAGR
FY2019 $157K · FY2024 $226K
+8%
Net-asset trend (YoY)
End of year $3.5M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $226K · Expenses $364K
-61%
Liabilities-to-Assets
Total liabilities — · Total assets $5.0M
Net-asset ratio
Net assets $3.5M · Total assets $5.0M
69%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $5.0M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Kenya Thomas · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $73K · Total expenses $364K
20%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $80K · Total expenses $364K
22%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 44%
Overhead ratio 56%
Fundraising cost ratio 0%
Revenue growth -9%
Legal fee ratio 0.4%
Accounting fee ratio 10%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
IffFY2024$75K
Total grants receivedfrom 5 funders$310K
See all 5 funders →

Similar Organizations

Closest in mission — by what they do
See all organizations like Eta Creative Arts Foundation →

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$226K revenue · viewing · ⤓ 990 PDF
FY2023$249K revenue · ⤓ 990 PDF
FY2022$158K revenue · ⤓ 990 PDF
FY2021$607K revenue · ⤓ 990 PDF
FY2020$181K revenue · ⤓ 990 PDF
FY2019$157K revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.