High Concept Laboratories Nfp FY2023 filing

Tax-deductible

Chicago, IL501(c)(3)Arts & CultureEIN 45-0797377Revenue $174K in FY2023

On file with the IRShighconceptlaboratories.org205 E Randolph St, 60601-6530 · Chicago, ILTax-exempt since Oct 2022Publicly supported charity — 170(b)(1)(A)(vi)

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High Concept Labs HCL strengthens the creative sector by providing accessible residency programs for artists across disciplines interested in experimentation, discovery, exchange, and risk. Through these residencies, HCL meets artists where they are while promoting visibility for the creative process and advocating for critical investment across every stage in the development of new work.

501(c)(3) charity; gifts are tax-deductible.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

Before you give

FY2023 · Form 990-EZIndependent: 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-EZ
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 2
filings with a surplus
Average surplus $26K a year · 9% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Named funders
3
named funders · $64K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$41
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$174K
+23% vs prior year
Net assets
$28K
By yearFY2022–FY2025
Revenue
$174K
FY2023▲ +23%
Tap a bar for its year
Revenue by fiscal year
FY2022$142K
FY2023$174K
FY2024$293K
FY2025$291K
Expenses
—
FY2023
Tap a bar for its year
Expenses by fiscal year
FY2022Not on file
FY2023Not on file
FY2024$292K
FY2025$240K
Net assets
$28K
FY2023▼ -6%
Tap a bar for its year
Net assets by fiscal year
FY2022$30K
FY2023$28K
FY2024$29K
FY2025$80K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Exemption reinstated (2022-05-15). Per the IRS revocation list. Latest filing on record: FY2025. IRS ruling in Oct 2022.

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

Who runs it and what they're paid

5 people listed on the 990-EZ.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See High Concept Laboratories Nfp executive salaries →

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Programs and updates

Supports artists through experimental residencies, fostering discovery and new work development.

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Provided by the organization

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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
Total grants receivedfrom 3 funders$64K
See all 3 funders →

By the numbers

The FY2023 990-EZ, line by line.

1The main four
Money in
$174K
Other income$174K
Owns and owes
$28K
net assets
Liabilities$41
People
5
listed
Paid0
2In more detail
Revenue in detail
Other income$174K
Total revenue$174K
Assets in detailEnd of year
Liabilities$41
Net assets$28K
Operations
Employees0
Fiscal year endsDecember

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $291K$240K$50K$80K 990 PDF
FY2024 $293K$292K$1K$29K 990 PDF
FY2023 Viewing $174K$28K 990 PDF
FY2022 $142K$30K 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

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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