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Jacoby Arts Center FY2024 filing

Tax-deductible

Alton, IL501(c)(3)Since 1981 EIN 37-1118130Revenue $93K in FY2024

On file with the IRSjacobyartscenter.org208 State St, 62002-6132 · Alton, ILTax-exempt since Oct 1982Publicly supported charity — 170(b)(1)(A)(vi)

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To foster the artistic development and economic success of artists

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
$99K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2024 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average surplus $1K a year · under 1% of revenue · last 6 filings
Worth a look: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$99K
to officers and key staff · 55% of spending
Concern: pay to officers and key staff is 55% of spending; over 30%.
Pt VII · Sec A
Cash reserves
12 mo
of spending, in cash
Looks good: 12.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $7K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2K
0.9% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$93K
-74% vs prior year
Spent
$181K
To programs
100%
Net assets
$186K
By yearFY2020–FY2025
Revenue
$93K
FY2024▼ -74%
Tap a bar for its year
Revenue by fiscal year
FY2020$169K
FY2021$231K
FY2022$226K
FY2023$361K
FY2024$93K
FY2025$112K
Expenses
$181K
FY2024▼ -15%
Tap a bar for its year
Expenses by fiscal year
FY2020$177K
FY2021$179K
FY2022$242K
FY2023$213K
FY2024$181K
FY2025$191K
Net assets
$186K
FY2024▼ -32%
Tap a bar for its year
Net assets by fiscal year
FY2020$100K
FY2021$142K
FY2022$126K
FY2023$274K
FY2024$186K
FY2025$107K

From the FY2024 Form 990 · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1982.

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% · $181K

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

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Who runs it and what they're paid

11 people listed on the 990; $99K paid to officers and key staff.

Part VII, Section A · reportable compensation
Rachel Lappin
Executive Director
$63,034Pt VII · Sec A
Chantel Morrigan
Director of Operations
$35,589Pt VII · Sec A
Valerie Hoven
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Johanna Shultis
Board Member
$0Pt VII · Sec A
Patti Hornberger
Board Member
$0Pt VII · Sec A
Cody Hinkle
Board Member
$0Pt VII · Sec A
Bennett Felton
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023
Rachel Lappin$50,593$63,034$54,940
Chantel Morrigan$47,381$35,589—

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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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

Supports artists' growth and success, making arts accessible through education and participation programs.

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Provided by the organization

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1 program · $181K · in their own filed words · FY2024
01

Education, artists programs, and exhibitions in accordance with the expressed purpose of the organization.

$181Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Fidelity Investments Charitable Gift FundFY2024$7K
Total grants receivedfrom 1 funder$7K

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$93K
Ln 12
Gifts and grantsLn 1h$37K
Other incomeLn 4–11$28K
Fees for servicesLn 2g$26K
Money outPt IX
$181K
Ln 25
Programscol B$181K
Owns and owesPt X
$186K
net assets · Ln 32
Cash and savingsLn 1–2$187K
Total assetsLn 16$188K
LiabilitiesLn 26$2K
PeoplePt VI, VII
11
listed · VII A
PaidVII A2
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$37K
Government grantsLn 1e$19K
Fees for servicesLn 2g$26K
Investment incomeLn 3$2K
Other incomeLn 4–11$28K
Total revenueLn 12$93K
Assets in detailPt X, end of year
CashLn 1$187K
Cash and savings togetherLn 1–2$187K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$188K
LiabilitiesLn 26$2K
Net assetsLn 32$186K
OperationsPt I, VI
EmployeesI 53
VolunteersI 60
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 FY24End FY24
Cash and savingsLn 1–2$273K$187K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$276K$188K
LiabilitiesLn 26$2K$2K
Net assetsLn 32$274K$186K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$105K$105K
Payroll taxesLn 10$12K$12K
Accounting feesLn 11c$6K$6K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$6K$6K
OccupancyLn 16$5K$5K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$40K$40K
All other expensesLn 24e$1K$1K
Total functional expensesLn 25$181K$181K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $112K$191K−$79K$107K 990 PDF
FY2024 Viewing $93K$181K−$88K$186K 990 PDF
FY2023 $361K$213K$148K$274K 990 PDF
FY2022 $226K$242K−$15K$126K 990 PDF
FY2021 $231K$179K$52K$142K 990 PDF
FY2020 $169K$177K−$8K$100K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $92,527 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $289,666$36,895
I-9 Program service revenuePrior year $35,407$25,545
I-10 Investment incomePrior year $197$2,431
I-11 Other revenuePrior year $35,764$27,656
I-12 Total revenuePrior year $361,034$92,527
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 $128,394$116,523
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $84,504$64,310
I-18 Total expensesPrior year $212,898$180,833
I-19 Revenue less expensesPrior year $148,136−$88,306
Part VI · Governance 9 of 9 board members independent, 1 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
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 $92,527 across 9 lines filed
Lines not itemized here account for $3,765 of total revenue; see the IRS return.
VIII-1e Government grants$19,000
VIII-1f All other contributions, gifts and grants$17,895
VIII-1h Total contributions, gifts and grants$36,895
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $25,545$25,545
VIII-3 Investment incomeRelated to mission $2,431$2,431
VIII-6 Net rental income or lossExcluded from tax $15,448$15,448
VIII-8 Net income from fundraising eventsUnrelated business $889$889
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $7,554$7,554
VIII-12 Total revenueRelated to mission $39,295 · Unrelated business $889 · Excluded from tax $15,448$92,527
Part IX · Statement of functional expenses $180,833 across 9 lines filed
IX-7 Other salaries and wagesPrograms $104,854$104,854
IX-10 Payroll taxesPrograms $11,669$11,669
IX-11c Accounting feesPrograms $6,125$6,125
IX-12 Advertising and promotionPrograms $1,523$1,523
IX-13 Office expensesPrograms $6,388$6,388
IX-16 OccupancyPrograms $5,269$5,269
IX-23 InsurancePrograms $3,436$3,436
IX-24 Other expenses (24a–d)Programs $40,190$40,190
IX-24e All other expensesPrograms $1,379$1,379
IX-25 Total functional expensesPrograms $180,833 · Management $0 · Fundraising $0$180,833
Part X · Balance sheet $187,680 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $273,177$186,832
X-9 Prepaid expenses and deferred chargesStart of year $2,859$848
X-10c Land, buildings and equipment, netStart of year $0$0
X-16 Total assetsStart of year $276,036$187,680
X-17 Accounts payable and accrued expenses$1,050
X-25 Other liabilitiesStart of year $1,732$632
X-26 Total liabilitiesStart of year $1,732$1,682
X-27 Net assets without donor restrictionsStart of year $273,704$185,398
X-28 Net assets with donor restrictionsStart of year $600$600
X-32 Total net assets or fund balancesStart of year $274,304$185,998
X-33 Total liabilities and net assetsStart of year $276,036$187,680
Part XI · Reconciliation of net assets $185,998 net assets at year end
XI-1 Total revenue$92,527
XI-2 Total expenses$180,833
XI-3 Revenue less expenses−$88,306
XI-4 Net assets at start of year$274,304
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$185,998

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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