Msa & Circus Arts FY2021 filing

Tax-deductible

Chicago, IL501(c)(3)Recreation & SportsEIN 27-0009779

Classes and camps for children and adults in sport acrobatics and circus arts taught by professional performers

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $24K a year · 7% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Looks good: 8.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$74K
57% of total assets
Fine: liabilities are 57% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$210K
+129% vs prior year
Spent
$169K
To programs
100%
Net assets
$56K
By yearFY2020–FY2024
Revenue
$210K
FY2021▲ +129%
Revenue by fiscal year
FY2020$92K
FY2021$210K
FY2022$350K
FY2023$418K
FY2024$426K
Expenses
$169K
FY2021
Expenses by fiscal year
FY2020Not on file
FY2021$169K
FY2022$327K
FY2023$339K
FY2024$473K
Net assets
$56K
FY2021▲ +440%
Net assets by fiscal year
FY2020$10K
FY2021$56K
FY2022$72K
FY2023$153K
FY2024$127K

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2003.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $169K

Form 990 Part IX, line 25. Every line is in By the numbers.

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Msa & Circus Arts 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

Teaches sport acrobatics and circus arts through classes and camps led by professional performers.

Provided by the organization

This section is blank until Msa & Circus Arts claims this page.

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1 program service account for $169K of program spending, described in the organization's own filed words · FY2021.
01

Community outreach

$169Kprogram expense

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By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$210K
Ln 12
Fees for servicesLn 2g$209K
Gifts and grantsLn 1h$1K
Money outPt IX
$169K
Ln 25
Programscol B$169K
Owns and owesPt X
$56K
net assets · Ln 32
Cash and savingsLn 1–2$117K
Total assetsLn 16$130K
LiabilitiesLn 26$74K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1K
Fees for servicesLn 2g$209K
Total revenueLn 12$210K
Assets in detailPt X, end of year
CashLn 1$48K
SavingsLn 2$68K
Cash and savings togetherLn 1–2$117K
Total assetsLn 16$130K
LiabilitiesLn 26$74K
Net assetsLn 32$56K
OperationsPt I, VI
EmployeesI 52
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$117K
Total assetsLn 16$0$130K
LiabilitiesLn 26$0$74K
Net assetsLn 32$0$56K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
All other expensesLn 24e$169K$169K
Total functional expensesLn 25$169K$169K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $426K$473K−$47K$127K 990 PDF
FY2023 $418K$339K$80K$153K 990 PDF
FY2022 $350K$327K$23K$72K 990 PDF
FY2021 Viewing $210K$169K$41K$56K 990 PDF
FY2020 $92K$10K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $210,138 across 4 lines filed
VIII-1f All other contributions, gifts and grants$1,129
VIII-1h Total contributions, gifts and grants$1,129
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $209,009$209,009
VIII-12 Total revenueRelated to mission $209,009 · Unrelated business $0 · Excluded from tax $0$210,138
Part IX · Statement of functional expenses $168,992 across 1 line filed
IX-24e All other expensesPrograms $168,992$168,992
IX-25 Total functional expensesPrograms $168,992 · Management $0 · Fundraising $0$168,992
Part X · Balance sheet $130,003 assets, 9 lines filed
X-1 Cash, non-interest-bearing$48,433
X-2 Savings and temporary cash investments$68,349
X-4 Accounts receivable$7,221
X-8 Inventories for sale or use$6,000
X-16 Total assetsStart of year $0$130,003
X-17 Accounts payable and accrued expenses$73,900
X-26 Total liabilitiesStart of year $0$73,900
X-32 Total net assets or fund balancesStart of year $0$56,103
X-33 Total liabilities and net assetsStart of year $0$130,003
Part XI · Reconciliation of net assets $56,103 net assets at year end
XI-1 Total revenue$210,138
XI-2 Total expenses$168,992
XI-3 Revenue less expenses$41,146
XI-8 Prior period adjustments$14,957
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$56,103

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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