Free Street Programs INC EIN 36-2772922

Free Street Programs INC

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Creates affordable, inclusive theater in Chicago communities, challenging segregation through the arts. For fiscal year 2025 it reported $515K in revenue, $438K in expenses, and $463K in net assets.Pt I

Type
Public charity (501(c)(3)) · Nonprofit
Location
Chicago, IL
Website
www.freestreet.org
Filings
6 on file (2020–2025)
Revenue
$515KFY2025
Expenses
$438K
Net assets
$463K
People
10
Filings
6
Updates
0
More identity details & actions ⌄
EIN  36-2772922 Public charity (501(c)(3)) Chicago, IL
Form 990 (PDF)
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Size
$100K–1M
What they do
Creates affordable, inclusive theater in Chicago communities, challenging segregation through the arts.
Leadership
Katrina Dion · Executive Dir. · $68K
Money in and out
$515K revenue, $438K expenses
Bottom line
72% program efficiency
Where the money goes · FY2025
Total revenue
$515K
Pt VIII · Ln 12
Total expenses
$438K
Pt IX · Ln 25
Net assets
$463K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $77K
Where spending went · Part IX cols B–D
Program services $0.72 Management & general $0.12 Fundraising $0.16
Program efficiency
72%
of spending reaches programs▼ -3% vs prior filing year
Operating runway
6.8mo
months of highly liquid reserves at operating expense rate▲ +31% vs prior filing year
Surplus margin
+15%
revenue over expenses, this year▲ +754% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$515K
FY2025▲ +19%
Expenses
$438K
FY2025▼ -1%
Total assets
$548K
FY2025▲ +35%
Total liabilities
$84K
FY2025▲ +375%
Total revenue
$515K
Pt VIII · Ln 12
Total expenses
$438K
Pt IX · Ln 25
Net assets
$463K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$77K
Total assetsPt X · Ln 16$548K
Program-expense ratioPt IX · col B72%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49
Mission & Programs · Part III

Where the work happens

3 program services account for $314K of program spending, described in the organization's own filed words · FY2024.
01

Theater

The Organization works with people across Chicago to create an original ensemble performance that tells the complicated stories of the City. The Organization creates 6-8 shows per year that are performed in Pulaski Park, Back Of The Yards, public parks And community centers.

$127Kprogram expense
02

Community Engagement

The Organization offers a wide range of workshops, classes and training for people of all ages to develop their skills as artists and change-makers. The Organization offers these workshops for free at community centers or in homes in Pulaski Park and Back Of The Yards.

$97Kprogram expense
03

Arts Education

The Organization trains youth ages 5-24 in writing, acting, ensemble and critical thinking skills. The Organization has two resident youth ensembles and operates a park program for kids ages 5-12 at Pulaski Park.

$90Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFree Street Programs INC
EINHdr · item D36-2772922
Principal addressHdr · item CChicago, IL
WebsiteHdr · item Jwww.freestreet.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFFeb 1974

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
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 · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Dir.
$67,853Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Karla Estela Rivera$69,599$62,885
Katrina Dion$67,853$65,135$61,091
Karla Rivera$52,154

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.

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Statement of Revenue

Part VIII
Contributions & grants$505K · 98%
Program service revenue$11K · 2%
Contributions & grants98%$505K
Program service revenue2%$11K
— government grantsLn 1e$92K
Total revenueLn 12$515K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.72 Management & general $0.12 Fundraising $0.16
Program services72%$314K
Management & general12%$52K
Fundraising16%$72K
Total functional expensesLn 25$438K

Balance Sheet

Part X · end of year
CashLn 1$247K
Total assetsLn 16$548K
Total liabilitiesLn 26$84K
Total net assetsLn 32$463K
Months of cash on handcomputed6.8

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $247K · Operating expenses/yr $438K
6.8 months
Where the money goes
Program services
Program services $314K · Total expenses $438K
72%
Management & General
Management & general $52K · Total expenses $438K
12%
Fundraising
Fundraising $72K · Total expenses $438K
16%
Cost to raise $1
Fundraising expense (3-yr avg) $54K · Solicited contributions (3-yr avg) $372K
$0.15 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $505K · Total revenue $515K
98%
Government reliance
Government grants $92K · Total revenue $515K
18%
Earned-income share
Program service revenue $11K · Total revenue $515K
2%
Investment reliance
Investment income $0 · Total revenue $515K
0%
Program self-sufficiency
Program service revenue $11K · Total expenses $438K
3%
Growth & trend
Revenue growth (YoY)
This year $515K · Prior year $434K
+19%
Revenue CAGR
FY2019 $304K · FY2024 $515K
+11%
Net-asset trend (YoY)
End of year $463K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $515K · Expenses $438K
+15%
Liabilities-to-Assets
Total liabilities — · Total assets $548K
Net-asset ratio
Net assets $463K · Total assets $548K
85%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $548K
0%
People & payroll
Highest Reported Total Compensation
Individual Katrina Dion · Reported title Executive Dir. · Highest reported compensation $68K · Total expenses $438K
15%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $231K · Total expenses $438K
53%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 72%
Overhead ratio 12%
Fundraising cost ratio 14%
Revenue growth 19%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%
Fundraising fee ratio 0%

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
Total grants receivedfrom 3 funders$28K
See all 3 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$515K revenue · viewing · ⤓ 990 PDF
FY2024$434K revenue · ⤓ 990 PDF
FY2023$351K revenue · ⤓ 990 PDF
FY2022$483K revenue · ⤓ 990 PDF
FY2021$400K revenue · ⤓ 990 PDF
FY2020$304K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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