Free Street Programs INC EIN 36-2772922 Form 990 (PDF) Claim this org

Free Street Programs INC FY2021 filing

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Creates affordable, inclusive theater in Chicago communities, challenging segregation through the arts. For fiscal year 2021 it reported $400K in revenue, $334K in expenses, and $384K in net assets.Pt I

Type
Public charity (501(c)(3)) · Nonprofit
Location
Chicago, IL
Website
www.freestreet.org
Filings
6 on file (2020–2021)
Revenue
$400KFY2021
Expenses
$334K
Net assets
$384K
People
6
Filings
6
Updates
0
More identity details & actions ⌄
EIN  36-2772922 Public charity (501(c)(3)) Chicago, IL
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Creates affordable, inclusive theater in Chicago communities, challenging segregation through the arts.
Leadership
Karla Estela Rivera · Executive Dir. · $63K
Money in and out
$400K revenue, $334K expenses
Bottom line
70% program efficiency
Where the money goes · FY2021
Total revenue
$400K
Pt VIII · Ln 12
Total expenses
$334K
Pt IX · Ln 25
Net assets
$384K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $66K
Where spending went · Part IX cols B–D
Program services $0.70 Management & general $0.21 Fundraising $0.09
Program efficiency
70%
of spending reaches programs
Operating runway
9.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
+16%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$400K
FY2021▲ +32%
Expenses
$334K
FY2021▲ +4%
Total assets
$399K
FY2021▲ +20%
Total liabilities
$15K
FY2021▲ +8%
Total revenue
$400K
Pt VIII · Ln 12
Total expenses
$334K
Pt IX · Ln 25
Net assets
$384K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$66K
Total assetsPt X · Ln 16$399K
Program-expense ratioPt IX · col B70%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

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 1a5
Independent voting membersPt VI · Ln 1b5
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 (FY2020); the FY2021 filing did not itemize Part VII
Executive Dir.
$62,885Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$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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Mission & Programs · Part III

Where the work happens

3 program services account for $233K of program spending, described in the organization's own filed words · FY2020.
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.

$105Kprogram 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.

$73Kprogram 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.

$55Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$363K · 91%
Program service revenue$31K · 8%
Other revenue$6K · 1%
Contributions & grants91%$363K
Program service revenue8%$31K
Other revenue1%$6K
— government grantsLn 1e$160K
Total revenueLn 12$400K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.70 Management & general $0.21 Fundraising $0.09
Program services70%$233K
Management & general21%$70K
Fundraising9%$32K
Total functional expensesLn 25$334K

Balance Sheet

Part X · end of year
CashLn 1$260K
Total assetsLn 16$399K
Total liabilitiesLn 26$15K
Total net assetsLn 32$384K
Months of cash on handcomputed9.3

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $260K · Operating expenses/yr $334K
9.3 months
Where the money goes
Program services
Program services $233K · Total expenses $334K
70%
Management & General
Management & general $70K · Total expenses $334K
21%
Fundraising
Fundraising $32K · Total expenses $334K
9%
Cost to raise $1
Fundraising expense (2-yr avg) $29K · Solicited contributions (2-yr avg) $201K
$0.14 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $363K · Total revenue $400K
91%
Government reliance
Government grants $160K · Total revenue $400K
40%
Earned-income share
Program service revenue $31K · Total revenue $400K
8%
Investment reliance
Investment income $0 · Total revenue $400K
0%
Program self-sufficiency
Program service revenue $31K · Total expenses $334K
9%
Growth & trend
Revenue growth (YoY)
This year $400K · Prior year $304K
+32%
Net-asset trend (YoY)
End of year $384K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $400K · Expenses $334K
+16%
Liabilities-to-Assets
Total liabilities — · Total assets $399K
Net-asset ratio
Net assets $384K · Total assets $399K
96%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $399K
0%
People & payroll
Highest Reported Total Compensation
Individual Karla Estela Rivera · Reported title Executive Dir. · Highest reported compensation $63K · Total expenses $334K
19%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $160K · Total expenses $334K
48%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 70%
Overhead ratio 21%
Fundraising cost ratio 9%
Revenue growth 32%
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 · FY2025
IffFY2025$50K
Total grants receivedfrom 1 funder$50K

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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 · ⤓ 990 PDF
FY2024$434K revenue · ⤓ 990 PDF
FY2023$351K revenue · ⤓ 990 PDF
FY2022$483K revenue · ⤓ 990 PDF
FY2021$400K revenue · viewing · ⤓ 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) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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