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Elastic Arts Foundation

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

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

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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

What are the reviews and ratings of this charity?

Charity Navigator Rating: 100% (Four-Star out of Four Stars)

The Elastic Arts Foundation has achieved an impressive Four-Star rating from Charity Navigator, reflecting its commitment to accountability and finance. This score is based solely on its exemplary performance in the Accountability & Finance beacon, showcasing the organization's responsible financial management and transparency.

The foundation excels in various areas, including having a fully independent board, strong financial oversight, and maintaining robust policies regarding conflicts of interest and whistleblower protections. It also demonstrates exceptional program expense efficiency, with 90.30% of its expenses directed toward its programs, indicating a strong focus on fulfilling its mission.

While the foundation's metrics highlight its strengths, the data does not indicate any limitations or concerns. Overall, Elastic Arts Foundation stands out for its governance practices and financial health, making it a trustworthy organization for potential donors and supporters.


This AI summary has been generated from information found on Charity Navigator.

What do the Facebook reviews say about Elastic Arts Foundation?

90% of 93 reviewers on Facebook recommend Elastic Arts Foundation. Here is a summary of their reviews:

The overall sentiment reflects a positive experience at Elastic Arts Foundation, highlighting a welcoming and cozy atmosphere. Users particularly enjoyed events like the BombaParty, emphasizing that these gatherings were well-organized and enjoyable. The ambiance appears to contribute significantly to visitors' satisfaction, making it a preferred destination for arts and community activities.

In essence, the foundation seems to effectively deliver engaging cultural experiences, fostering a strong sense of community among attendees. It’s clear that patrons appreciate what Elastic Arts offers, as many express enthusiasm for returning to future events.


This AI summary has been generated from reviews found on Facebook.

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.


Heare 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)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daniel F Schwarzlose (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Trea Fotidzis (Treasurer)
  • 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?

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.

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Impact




July, 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.




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.


Financials

This financial information is from Propublica.

Revenue
$470,759 (2022)
Expenses
$413,359 (2022)
Efficiency

Other financial information:

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

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

Assets and Liabilities:

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

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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

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