Beverly Arts Center of Chicago

EIN: 366165922 501(c)(3) Arts, Culture & Humanities

Chicago, IL

Total Revenue
$1,643,078
Total Expenses
$2,321,952
Total Assets
$7,222,657
Net Assets
$5,898,180
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1967
Legal Domicile
IL
Principal Officer
Dr Carla Carter
Phone
7735923492
Tax Period
2023-09-01 to 2024-08-31

Beverly Arts Center of Chicago, founded in 1967, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.6M in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year. Expenses of $2.3M exceeded revenue, resulting in a 41% operating deficit.

Mission

The Beverly Arts Center, located on Chicago's south side, is a multi-faceted organization building community through diverse, quality arts programming, education, and entertainment for all ages and levels.

Program Service Accomplishments

Program 1
Expenses: $1,675,422 Revenue: $1,068,186

The Organization provides artistic programming through its school of the arts, dance studio, adult and children's performance programming, special events, and education outreach.

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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 $527,711
Program Service Revenue $1,047,525
Investment Income $0
Other Revenue $67,842
TOTAL REVENUE $1,643,078

Expense Breakdown

Grants Paid $0
Salaries & Benefits $845,425
Fundraising Expenses $102,750
Program Expenses $1,675,422
Other Expenses $1,476,527
TOTAL EXPENSES $2,321,952

Year-over-Year Comparison

2023 2022 Change
Revenue $1,643,078 $1,978,600 -0.2%
Expenses $2,321,952 $2,472,897 -0.1%
Net Income $-678,874 $-494,297 +0.4%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
32
Volunteers
32

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
4
$115,000
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Stacey Recht President 2.00
Officer Director
$0 $0 $0
Sonja Brisard Treasurer 2.00
Officer Director
$0 $0 $0
Amy Dattner Secretary 2.00
Officer Director
$0 $0 $0
Katrina Pavlik Director 2.00
Director
$0 $0 $0
Jim Noonan Director 2.00
Director
$0 $0 $0
Kamilah Parker Director 2.00
Director
$0 $0 $0
Shayna Gray Director 2.00
Director
$0 $0 $0
Scott Smith Director 2.00
Director
$0 $0 $0
Crystal Warren Director 2.00
Director
$0 $0 $0
Jahmal Cole Director 2.00
Director
$0 $0 $0
Carla Carter Executive Director 2.00
Officer
$115,000 $0 $115,000
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
2025 No data No data No data No data
2024 $1,643,078 $2,321,952 $7,222,657 $-678,874
2023 $1,978,600 $2,472,897 $7,559,704 $-494,297
2022 $1,911,443 $1,831,953 $7,922,768 $79,490
2021 $1,710,297 $1,649,385 $8,012,365 $60,912
2020 $1,533,135 $1,678,924 $7,980,739 $-145,789
2019 $1,688,089 $2,062,480 $8,139,063 $-374,391
2018 $1,518,440 $1,721,396 $8,412,231 $-202,956
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