Art Impact Project Nfp EIN 46-5138202

Art Impact Project Nfp

EIN  46-5138202 Public charity (501(c)(3)) Lake Bluff, IL
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Size
$100K–1M
What they do
Offers art programs to help teens with emotional wellness and substance abuse recovery.
Leadership
Kevin Bishop · President
Money in and out
$192K revenue, $234K expenses
Bottom line
70% program efficiency

Offers art programs to help teens with emotional wellness and substance abuse recovery. For fiscal year 2024 it reported $192K in revenue, $234K in expenses, and $118K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$192K
Pt VIII · Ln 12
Total expenses
$234K
Pt IX · Ln 25
Net assets
$118K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$42K
Where spending went · Part IX cols B–D
Program services $0.70 Management & general $0.08 Fundraising $0.22
Program efficiency
70%
of spending reaches programs
Operating runway
6.4mo
months of highly liquid reserves at operating expense rate▼ -31% vs prior filing year
Surplus margin
-22%
revenue over expenses, this year▲ +42% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$192K
FY2024▲ +32%
Total revenue
$192K
Pt VIII · Ln 12
Total expenses
$234K
Pt IX · Ln 25
Net assets
$118K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$42K
Total assetsPt X · Ln 16$133K
Program-expense ratioPt IX · col B70%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48
Mission & Programs · Part III

Where the work happens

1 program service account for $164K of program spending, described in the organization's own filed words · FY2024.
01

Enhance emotional wellness through creative expression by offering wellness through artmaking programs for over 2,000 adolescents and over 200 adults annually in lake county, il. Programming delivered in partnership with schools, libraries, recovery centers, and more.

$164Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CArt Impact Project Nfp
EINHdr · item D46-5138202
Principal addressHdr · item CLake Bluff, IL
WebsiteHdr · item Jwww.artimpactproject.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFYouth Development (O50)
Ruling yearIRS BMFSep 2014

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Founder & Director
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$155K · 81%
Program service revenue$36K · 19%
Investment income$4K · 2%
Contributions & grants81%$155K
Program service revenue19%$36K
Investment income2%$4K
Total revenueLn 12$192K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.70 Management & general $0.08 Fundraising $0.22
Program services70%$164K
Management & general8%$20K
Fundraising22%$51K
Total functional expensesLn 25$234K

Balance Sheet

Part X · end of year
CashLn 1$90K
Total assetsLn 16$133K
Total liabilitiesLn 26$15K
Total net assetsLn 32$118K
Months of cash on handcomputed4.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $121K · Operating expenses (Pt IX) $234K · Less non-cash grants $5K · Cash operating expenses/yr $229K
6.4 months
Where the money goes
Program services
Program services $164K · Total expenses $234K
70%
Management & General
Management & general $20K · Total expenses $234K
8%
Fundraising
Fundraising $51K · Total expenses $234K
22%
Cost to raise $1
Fundraising expense $51K · Solicited contributions $155K
$0.33 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $155K · Total revenue $192K
81%
Government reliance
Government grants — · Total revenue $192K
Earned-income share
Program service revenue $36K · Total revenue $192K
19%
Investment reliance
Investment income $4K · Total revenue $192K
+2%
Program self-sufficiency
Program service revenue $36K · Total expenses $234K
15%
Growth & trend
Revenue growth (YoY)
This year $192K · Prior year $146K
+32%
Revenue CAGR
FY2020 $68K · FY2024 $192K
+29%
Net-asset trend (YoY)
End of year $118K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $192K · Expenses $234K
-22%
Liabilities-to-Assets
Total liabilities — · Total assets $133K
Net-asset ratio
Net assets $118K · Total assets $133K
89%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $31K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $133K
23%
People & payroll
Highest Reported Total Compensation
Individual Kevin Bishop · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $234K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $173K · Total expenses $234K
74%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 70%
Overhead ratio 8%
Fundraising cost ratio 33%
Revenue growth 32%
Accounting fee ratio 2%

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$15K
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
FY2024 (Latest)$192K revenue · viewing · ⤓ 990 PDF
FY2023$146K revenue · ⤓ 990 PDF
FY2022$148K revenue · ⤓ 990 PDF
FY2021$104K revenue · ⤓ 990 PDF
FY2020$68K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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