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 Vulnerability Assessment (Tuckman-Chang)

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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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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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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