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Elastic Arts Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 020645505 ✦ Chicago, IL ✦ Designated as a 501(c)(3)

Overview

What is Elastic Arts Foundation?

The Elastic Arts Foundation, situated in Chicago, Illinois, serves as a hub for musicians and artists in the Avondale/Logan Square area. Their primary mission is to cultivate and showcase creative and autonomous music, art, and performance events, which they achieve by organizing approximately 200 public concerts, performances, and artistic events annually. Furthermore, they offer performance space rental to local artists at a nominal fee, fostering a supportive environment for emerging Chicago artists and curators through residency programs. With a small team of four dedicated individuals, Elastic Arts Foundation aims to enrich and engage the local community through their diverse artistic endeavors.


Official website here: www.elasticarts.org

Is Elastic Arts Foundation legitimate?

Elastic Arts Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Elastic Arts Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $65,300
Professional Fundraising Fees: $0
Other Salaries and Wages: $43,392

For more financial information, click here


Official website here: www.elasticarts.org

What is the mission statement of Elastic Arts Foundation?

The Elastic Arts Foundation, in its mission, aims to foster a community of artists and musicians. It accomplishes this by developing and presenting a variety of creative and independent music, art, and performance events. This organization also provides an affordable rental space for local artists, allowing them to showcase their work. Furthermore, the foundation supports emerging Chicago artists and curators through residency programs.


Official website here: www.elasticarts.org

Who is the CEO of Elastic Arts Foundation?

David Rempis is the Executive Dir. of Elastic Arts Foundation.


Official website here: www.elasticarts.org

What is the revenue of Elastic Arts Foundation?

Elastic Arts Foundation's revenue in 2022 was $470,759.


Official website here: www.elasticarts.org

Who are the executives of Elastic Arts Foundation and what are their salaries?

The average compensation at Elastic Arts Foundation during 2022 was $27,173. There are 4 employees and 30 volunteers at Elastic Arts Foundation.

Here are 9 key members and their salaries:

    Adam Zanolini (Executive Dir.)
  • Compensation: $65,300
  • Related: $0
  • Other: $0

    • David Rempis (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Daniel F Schwarzlose (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Trea Fotidzis (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Latoya Hunter (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Katinka Kleijn (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Irmi Maunu-Kocian (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Aaron Rodgers (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Cristal Sabbagh (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.elasticarts.org

    Where can I find the form 990 for Elastic Arts Foundation?

    The Elastic Arts Foundation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.elasticarts.org

    Learn more at the official website: www.elasticarts.org

    Mission Statement of Elastic Arts Foundation

    Elastic Arts Foundation, a nonprofit organization, plays a significant role in nurturing a vibrant community of musicians and artists in the realms of music, art, and performance. The organization's mission is centered around fostering this creative community, primarily in Chicago's Avondale/Logan Square neighborhood. Elastic Arts achieves this by actively developing and showcasing independent and innovative events, concerts, and performances, which are open to the general public.

    In addition to its event production and presentation role, Elastic Arts Foundation also extends its support to local artists by offering them the opportunity to rent its performance space at a nominal fee. This initiative not only provides a platform for emerging Chicago artists but also helps in keeping the artistic community thriving.

    Lastly, Elastic Arts Foundation runs residency programs for up-and-coming Chicago artists and curators. These programs offer a nurturing environment where these creatives can develop their craft, experiment with new ideas, and ultimately contribute to the rich tapestry of artistic expression that the organization promotes. In essence, Elastic Arts Foundation serves as a hub for artistic growth, providing a stage for diverse talents and fostering an inclusive and dynamic creative community.

    Impact

    This information is meant to be a general summary of Elastic Arts Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Wednesday, July 24, 2024

    Elastic Arts Foundation's impact can be seen in the vibrant community of musicians and artists it fosters in the Avondale/Logan Square neighborhood of Chicago. By developing and presenting creative and independent music, art, and performance events, Elastic Arts contributes to the cultural richness of the city. Through approximately 200 music concerts, performances, and arts events open to the general public each year, Elastic Arts provides a platform for local artists to showcase their talent and connect with a broader audience. Additionally, by offering performance space rental to local artists at a nominal fee and developing residency programs for emerging Chicago artists and curators, Elastic Arts supports and nurtures the artistic community, helping to cultivate the next generation of creative talent.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $0
  • Program Service Revenue: $144,406
  • Gross Receipts: $474,828

    • Assets and Liabilities:
  • Total Assets: $287,059
  • Total Liabilities: $13,498
  • Net Assets: $273,561
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    Shows and Performances

    Revenue

    $126,478

    Venue Rental

    Revenue

    $17,928

    Organization Details

    Founding Year

    2002

    Principal Officer

    David Rempis

    Main Address

    3429 W Diversey Ave 208, Chicago, IL, 60647

    NTEE Category

    Code: A68 - Arts

    If you are a representative of Elastic Arts Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.