3Arts Inc

EIN: 361867637 501(c)(3) Arts, Culture & Humanities

Chicago, IL

Total Revenue
$1,557,868
Total Expenses
$1,917,306
Total Assets
$11,486,596
Net Assets
$11,464,301
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Financial Trends

Organization Details

Formation Year
1912
Legal Domicile
IL
Phone
3124439621
Tax Period
2023-01-01 to 2023-12-31

3Arts Inc, founded in 1912, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.6M in total revenue in fiscal year 2023. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $1.9M exceeded revenue, resulting in a 23% operating deficit.

Mission

Founded in 1912, with a history centered on women artists, 3Arts is an Illinois nonprofit organization that supports artists working in the performing, teaching, and visual arts in the Chicago metropolitan area, including women artists, artists of color, and Deaf and disabled artists. By providing unrestricted awards, project funding, residencies, professional development, and promotion, the Organization helps artists take risks, experiment, and build momentum in their careers over time. The Organization is supported primarily through public contributions, government grants, and investment income.

Program Service Accomplishments

Program 1
Expenses: $737,474 Revenue: $0

3Arts Awards: 3Arts provides three types of unrestricted awards to Chicago artists. 3Arts Awards are $30,000 grants given to 10 artists annually. Awardees are selected by national jury panels...

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3Arts Awards: 3Arts provides three types of unrestricted awards to Chicago artists. 3Arts Awards are $30,000 grants given to 10 artists annually. Awardees are selected by national jury panels comprised of leaders in their fields. The awards program is the entry point to multiyear support that includes project funding, professional development, and residency fellowships. Each new 3Arts awardee participates in Make a Wave, an artist-to-artist giving program in which they select another 10 artists to receive $2,000 grants.The Next Level Awards are second grants of $60,000 each, given to past 3Arts Award recipients at critical junctures in their careers.

Program 2
Expenses: $140,143 Revenue: $0

3AP Project Support: 3Arts artists are invited to participate in 3AP, a unique crowdfunding platform that supports the creation of 20 new art works annually. 3Arts pays for 1/3 of each projects...

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3AP Project Support: 3Arts artists are invited to participate in 3AP, a unique crowdfunding platform that supports the creation of 20 new art works annually. 3Arts pays for 1/3 of each projects funding goal, produces project video, and provides training in marketing and fundraising. To date 3Arts has supported over 200 new art works. This program maintains a 100% success rate with all artists reaching their funding goal.

Program 3
Expenses: $75,927 Revenue: $0

Residency Fellowships: 3Arts Residency Fellowships provide artists with uninterrupted time and space to focus on their creative practices at artist communities that are restorative and stimulating...

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Residency Fellowships: 3Arts Residency Fellowships provide artists with uninterrupted time and space to focus on their creative practices at artist communities that are restorative and stimulating. In partnership with Artist Communities Alliance, we offer all-expenses-paid fellowships with $2,000 honoraria and airfare to artists in our network who want a creative sojourn to partner sites in France, Florida, California, and Maine. In partnership with Bodies of Work, a consortium that includes the University of Illinois at Chicago, School of the Art Institute of Chicago, and Access Living, 3Arts provides local residencies for Deaf and disabled artists to support the creation of new work, professional development, and public presentations.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,232,453
Program Service Revenue $0
Investment Income $325,415
Other Revenue $0
TOTAL REVENUE $1,557,868

Expense Breakdown

Grants Paid $1,033,514
Salaries & Benefits $612,450
Fundraising Expenses $307,287
Program Expenses $1,409,533
Other Expenses $271,342
TOTAL EXPENSES $1,917,306

Year-over-Year Comparison

2023 2022 Change
Revenue $1,557,868 $2,443,688 -0.4%
Expenses $1,917,306 $1,656,829 +0.2%
Net Income $-359,438 $786,859 -1.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
20
Independent Members
19
Employees
6
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$219,505
Total Directors
20
$219,505
Key Employees
1
$219,505
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Katie Dowling Chair 2.00
Officer Director
$0 $0 $0
Kimberly Manuel - Dickens Vice Chair 2.00
Officer Director
$0 $0 $0
Mel Smith Treasurer 2.00
Officer Director
$0 $0 $0
Remberto Del Real Secretary 2.00
Officer Director
$0 $0 $0
Joanie Friedman Director 2.00
Director
$0 $0 $0
Amy Cochran Director 2.00
Director
$0 $0 $0
Pete Buse Director 2.00
Director
$0 $0 $0
Sebastian Marentes Director 2.00
Director
$0 $0 $0
Cheryl Desir Director 2.00
Director
$0 $0 $0
Alice DuBose Director 2.00
Director
$0 $0 $0
Whitney Hill Director 2.00
Director
$0 $0 $0
Erica Hubbard Director 2.00
Director
$0 $0 $0
Erica Kubly Director 2.00
Director
$0 $0 $0
Katie Mohrfeld Director 2.00
Director
$0 $0 $0
Jason Quiara Director 2.00
Director
$0 $0 $0
Kathryn Simmons Director 2.00
Director
$0 $0 $0
Michael Siurek Director 2.00
Director
$0 $0 $0
Scott Wang Director 2.00
Director
$0 $0 $0
Acasia Wilson Feinberg Director 2.00
Director
$0 $0 $0
Esther Grimm Executive Director 40.00
Officer Director Key Emp
$186,582 $32,923 $219,505
Sara Slawnik Program Director 40.00
Highest
$108,000 $5,392 $113,392
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $1,557,868 $1,917,306 $11,486,596 $-359,438
2022 $2,443,688 $1,656,829 $10,762,335 $786,859
2021 $2,551,186 $2,152,519 $12,078,620 $398,667
2020 $5,500,602 $5,164,482 $11,056,343 $336,120
2019 $1,511,439 $1,228,023 $10,119,051 $283,416
2018 $1,113,048 $1,086,993 $8,673,752 $26,055
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