Latitude INC Nfp FY2022 filing

Tax-deductible

Chicago, IL501(c)(3)Since 2012Arts & CultureEIN 45-5275521

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Latitude provides access to high end digital media equipment, a professional production space, and a curriculum dedicated to real-world workflows and contemporary art theory.

501(c)(3) charity; gifts are tax-deductible.
45¢ of each $1 spent went to programs.
$42K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · 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
0 of 5
filings with a surplus
Average deficit $46K a year · 12% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
45%
of spending
Concern: 45% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$42K
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $84K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$273K
+33% vs prior year
Spent
$374K
To programs
45%
Net assets
$170K
By yearFY2021–FY2025
Revenue
$273K
FY2022▲ +33%
Revenue by fiscal year
FY2021$205K
FY2022$273K
FY2023$417K
FY2024$465K
FY2025$499K
FY2025$716K
Expenses
$374K
FY2022▲ +72%
Expenses by fiscal year
FY2021$218K
FY2022$374K
FY2023$417K
FY2024$473K
FY2025$605K
FY2025$553K
Net assets
$170K
FY2022▲ +74%
Net assets by fiscal year
FY2021$97K
FY2022$170K
FY2023$135K
FY2024$142K
FY2025$122K
FY2025$267K

From the FY2022 Form 990 (year ending January 2022) · see the original

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You’re viewing the FY2022 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 2014.

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

Where the money goes

45 cents of each dollar spent went to programs.

Program services 45% · $169K Management & general 54% · $200K Fundraising 1% · $4K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990; $42K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Executive Director
$41,917Pt VII · Sec A
President
$0Pt VII · Sec A
Secretary of Board
$0Pt VII · Sec A
Secretary of Board
$0Pt VII · Sec A
$0Pt VII · Sec A

Daeja Arndis Otharsson’s $37K as Executive Director is at the 32nd percentile of top reported officer pay among 2216 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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

NameFY2025FY2025FY2022
Colleen Keihm—$75,000$41,917
Daeja Arndis Otharsson$36,880——

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.

See Latitude INC Nfp 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

Offers access to media equipment, studio space, and training in digital production and art theory.

Provided by the organization

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

Facilitate creation of visual arts through maintaining a community digital lab with high-end scanning and printing equipment, operates an artist in residence program, and organizes regular education and arts programming.

$169Kprogram expense

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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$84K
See all 3 funders →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$273K
Ln 12
Fees for servicesLn 2g$179K
Gifts and grantsLn 1h$87K
Other incomeLn 4–11$7K
Money outPt IX
$374K
Ln 25
Programscol B$169K
Managementcol C$200K
Fundraisingcol D$4K
Owns and owesPt X
$170K
net assets · Ln 32
Cash and savingsLn 1–2$101K
Total assetsLn 16$170K
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$87K
Government grantsLn 1e$20K
Fees for servicesLn 2g$179K
Other incomeLn 4–11$7K
Total revenueLn 12$273K
Assets in detailPt X, end of year
CashLn 1$101K
Cash and savings togetherLn 1–2$101K
Other assetsLn 15$65K
Total assetsLn 16$170K
LiabilitiesLn 26$0
Net assetsLn 32$170K
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
Fiscal year endsHeaderJanuary
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 FY22End FY22
Cash and savingsLn 1–2$35K$101K
Total assetsLn 16$120K$170K
LiabilitiesLn 26$23K$0
Net assetsLn 32$97K$170K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$136K$85K$51K
Other employee benefitsLn 9$10K$4K$6K
Payroll taxesLn 10$3K$1K$1K
Legal feesLn 11b$15K$15K
Accounting feesLn 11c$8K$8K
Other fees for servicesLn 11g$24K$12K$13K$198
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$2K$762$960
OccupancyLn 16$40K$533$39K
TravelLn 17$132$18$114
Conferences, conventions and meetingsLn 19$1K$232$1K$102
Depreciation, depletion and amortizationLn 22$7K$7K
InsuranceLn 23$22K$544$21K$304
Other expenses (24a–d)Ln 24$10K$3K$7K$386
All other expensesLn 24e$96K$56K$37K$3K
Total functional expensesLn 25$374K$169K$200K$4K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 $499K$605K−$106K$122K 990 PDF
FY2024 $465K$473K−$8K$142K 990 PDF
FY2023 $417K$417K−$817$135K 990 PDF
FY2022 Viewing $273K$374K−$100K$170K 990 PDF
FY2021 $205K$218K−$12K$97K 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 FY2022 990 (4 parts)
Part VIII · Statement of revenue $273,347 across 6 lines filed
Lines not itemized here account for $607 of total revenue; see the IRS return.
VIII-1e Government grants$19,900
VIII-1f All other contributions, gifts and grants$67,560
VIII-1h Total contributions, gifts and grants$87,460
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $177,975$177,975
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $7,305$7,305
VIII-12 Total revenueRelated to mission $185,887 · Unrelated business $0 · Excluded from tax $0$273,347
Part IX · Statement of functional expenses $373,748 across 15 lines filed
IX-7 Other salaries and wagesPrograms $84,725 · Management $51,030$135,755
IX-9 Other employee benefitsPrograms $3,622 · Management $6,072$9,694
IX-10 Payroll taxesPrograms $1,149 · Management $1,458$2,607
IX-11b Legal feesManagement $14,576$14,576
IX-11c Accounting feesManagement $7,800$7,800
IX-11g Other fees for servicesPrograms $11,627 · Management $12,512 · Fundraising $198$24,337
IX-12 Advertising and promotionPrograms $1,117$1,117
IX-13 Office expensesPrograms $762 · Management $960$1,722
IX-16 OccupancyPrograms $533 · Management $39,195$39,728
IX-17 TravelPrograms $18 · Management $114$132
IX-19 Conferences, conventions and meetingsPrograms $232 · Management $1,003 · Fundraising $102$1,337
IX-22 Depreciation, depletion and amortizationPrograms $6,514$6,514
IX-23 InsurancePrograms $544 · Management $20,708 · Fundraising $304$21,556
IX-24 Other expenses (24a–d)Programs $2,557 · Management $7,442 · Fundraising $386$10,385
IX-24e All other expensesPrograms $55,992 · Management $37,142 · Fundraising $3,354$96,488
IX-25 Total functional expensesPrograms $169,392 · Management $200,012 · Fundraising $4,344$373,748
Part X · Balance sheet $169,654 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $35,302$101,392
X-4 Accounts receivableStart of year $1,493$3,161
X-15 Other assetsStart of year $80,929$65,101
X-16 Total assetsStart of year $120,085$169,654
X-26 Total liabilitiesStart of year $22,843$0
X-27 Net assets without donor restrictionsStart of year $97,242$169,654
X-32 Total net assets or fund balancesStart of year $97,242$169,654
X-33 Total liabilities and net assetsStart of year $120,085$169,654
Part XI · Reconciliation of net assets $169,654 net assets at year end
XI-1 Total revenue$273,347
XI-2 Total expenses$373,748
XI-3 Revenue less expenses−$100,401
XI-4 Net assets at start of year$97,242
XI-9 Other changes in net assets$172,813
XI-10 Net assets at end of year$169,654

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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