Arts 4 Students Organization FY2021 filing

Tax-deductible

Chicago, IL501(c)(3)Arts & CultureEIN 46-5618079Revenue $962K in FY2021

On file with the IRS5934 W Ohio St, 60644-1459 · Chicago, ILTax-exempt since May 2018Publicly supported charity — 170(b)(1)(A)(vi)

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To encourage and edify the next generation to excellence through the use of the Arts

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 3
filings with a surplus
Average surplus $335 a year · under 1% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.4 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2K
7% of total assets
Looks good: liabilities are 7% 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
$962K
+5% vs prior year
Spent
$944K
To programs
89%
Net assets
$26K
By yearFY2020–FY2022
Revenue
$962K
FY2021▲ +5%
Tap a bar for its year
Revenue by fiscal year
FY2020$914K
FY2021$962K
FY2022$266K
Expenses
$944K
FY2021▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020$904K
FY2021$944K
FY2022$292K
Net assets
$26K
FY2021▼ -32%
Tap a bar for its year
Net assets by fiscal year
FY2020$38K
FY2021$26K
FY2022$14K

From the FY2021 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2022) →

Is it real?

Yes. Exemption reinstated (2017-05-15). Per the IRS revocation list. Latest filing on record: FY2022. IRS ruling in May 2018.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $841K Management & general 11% · $104K

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.

Part VII, Section A · reportable compensation
Assistant Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
President
$0Pt VII · Sec A
See Arts 4 Students Organization 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

Inspires youth toward excellence using the arts.

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Provided by the organization

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2 programs · $841K · in their own filed words · FY2021
01

Provided after school programs for students in the community and as part of the program we feed over 10,300 students per month

$841Kprogram expense
02

Provided acting and stage performance training for over 300 students each was involved in 0 doe COVID

Pt IX · col B

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$962K
Ln 12
Fees for servicesLn 2g$962K
Money outPt IX
$944K
Ln 25
Programscol B$841K
Managementcol C$104K
Owns and owesPt X
$26K
net assets · Ln 32
Cash and savingsLn 1–2$28K
Total assetsLn 16$28K
LiabilitiesLn 26$2K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$962K
Total revenueLn 12$962K
Assets in detailPt X, end of year
CashLn 1$28K
SavingsLn 2$0
Cash and savings togetherLn 1–2$28K
InvestmentsLn 11–13$0
Other assetsLn 15$0
Total assetsLn 16$28K
LiabilitiesLn 26$2K
Net assetsLn 32$26K
OperationsPt I, VI
EmployeesI 50
VolunteersI 6100
Fiscal year endsHeaderDecember
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 FY21End FY21
Cash and savingsLn 1–2$10K$28K
InvestmentsLn 11–13$0$0
Total assetsLn 16$40K$28K
LiabilitiesLn 26$2K$2K
Net assetsLn 32$38K$26K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$0$0
Pay of current officers, directors and key staffLn 5$0$0
Pay of disqualified personsLn 6$0$0
Other salaries and wagesLn 7$0$0
Pension plan contributionsLn 8$0$0
Other employee benefitsLn 9$0$0
Payroll taxesLn 10$0$0
Management feesLn 11a$0$0
Legal feesLn 11b$0$0
Accounting feesLn 11c$432$432$0
Lobbying feesLn 11d$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$0$0
Other fees for servicesLn 11g$10K$10K$0$0
Advertising and promotionLn 12$0$0
Office expensesLn 13$13K$13K$0
Information technologyLn 14$0$0
RoyaltiesLn 15$0$0
OccupancyLn 16$20K$20K$0$0
TravelLn 17$2K$1K$312$0
Travel and entertainment for public officialsLn 18$0$0
Conferences, conventions and meetingsLn 19$0$0
InterestLn 20$0$0
Payments to affiliatesLn 21$0$0
Depreciation, depletion and amortizationLn 22$0$0
InsuranceLn 23$0$0
Other expenses (24a–d)Ln 24$899K$809K$90K$0
All other expensesLn 24e$0$0
Total functional expensesLn 25$944K$841K$104K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest $266K$292K−$27K$14K 990 PDF
FY2021 Viewing $962K$944K$18K$26K 990 PDF
FY2020 $914K$904K$10K$38K 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 FY2021 990 (6 parts)
Part I · Summary $962,029 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $913,950$962,029
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $913,950$962,029
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 $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $904,398$944,017
I-18 Total expensesPrior year $904,398$944,017
I-19 Revenue less expensesPrior year $9,552$18,012
Part VI · Governance 5 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $962,029 across 3 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $962,029 · Unrelated business $0 · Excluded from tax $0$962,029
VIII-12 Total revenueRelated to mission $962,029 · Unrelated business $0 · Excluded from tax $0$962,029
Part IX · Statement of functional expenses $944,017 across 30 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-5 Pay of current officers, directors and key staffFundraising $0$0
IX-6 Pay of disqualified personsFundraising $0$0
IX-7 Other salaries and wagesFundraising $0$0
IX-8 Pension plan contributionsFundraising $0$0
IX-9 Other employee benefitsFundraising $0$0
IX-10 Payroll taxesFundraising $0$0
IX-11a Management feesFundraising $0$0
IX-11b Legal feesFundraising $0$0
IX-11c Accounting feesManagement $432 · Fundraising $0$432
IX-11d Lobbying feesFundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesFundraising $0$0
IX-11g Other fees for servicesPrograms $10,260 · Management $0 · Fundraising $0$10,260
IX-12 Advertising and promotionFundraising $0$0
IX-13 Office expensesManagement $12,596 · Fundraising $0$12,596
IX-14 Information technologyFundraising $0$0
IX-15 RoyaltiesFundraising $0$0
IX-16 OccupancyPrograms $20,180 · Management $0 · Fundraising $0$20,180
IX-17 TravelPrograms $1,439 · Management $312 · Fundraising $0$1,751
IX-18 Travel and entertainment for public officialsFundraising $0$0
IX-19 Conferences, conventions and meetingsFundraising $0$0
IX-20 InterestFundraising $0$0
IX-21 Payments to affiliatesFundraising $0$0
IX-22 Depreciation, depletion and amortizationFundraising $0$0
IX-23 InsuranceFundraising $0$0
IX-24 Other expenses (24a–d)Programs $808,624 · Management $90,174 · Fundraising $0$898,798
IX-24e All other expensesFundraising $0$0
IX-25 Total functional expensesPrograms $840,503 · Management $103,514 · Fundraising $0$944,017
Part X · Balance sheet $27,682 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $9,670$27,682
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $30,486$0
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $40,156$27,682
X-17 Accounts payable and accrued expensesStart of year $2,000$2,000
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-26 Total liabilitiesStart of year $2,000$2,000
X-32 Total net assets or fund balancesStart of year $38,156$25,682
X-33 Total liabilities and net assetsStart of year $40,156$27,682
Part XI · Reconciliation of net assets $25,682 net assets at year end
XI-1 Total revenue$962,029
XI-2 Total expenses$944,017
XI-3 Revenue less expenses$18,012
XI-4 Net assets at start of year$38,156
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments−$30,486
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$25,682

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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