FILTER PHOTO NFP

EIN: 462070232 501(c)(3) Arts, Culture & Humanities

CHICAGO, IL

Total Revenue
$243,049
Total Expenses
$234,318
Total Assets
$62,058
Net Assets
$61,718
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
IL
Principal Officer
ERIN HOYT
Phone
9173069551
Tax Period
2025-01-01 to 2025-12-31

FILTER PHOTO NFP, founded in 2013, is a small nonprofit in the Arts, Culture & Humanities sector that reported $243K in total revenue in fiscal year 2025. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $234K left a modest 4% surplus.

Mission

FILTER PHOTO'S MISSION IS TWO-FOLD: FIRST, TO SERVE AND SUPPORT THE PHOTOGRAPHIC COMMUNITIES OF CHICAGO AND THE MIDWEST; AND SECOND, TO HIGHLIGHT CHICAGO AS A VITAL CENTER OF THE NATIONAL PHOTOGRAPHIC COMMUNITY.SINCE 2009 FILTER PHOTO HAS ORGANIZED THE ANNUAL FILTER PHOTO FESTIVAL, A MULTI-DAY CELEBRATION OF PHOTOGRAPHY THAT INCLUDES WORKSHOPS, LECTURES, EXHIBITION RECEPTIONS, ARTIST TALKS, AND OTHER DIVERSE PROGRAMMING. A PRIMARY COMPONENT OF THE FESTIVAL IS THE PORTFOLIO REVIEWS, THROUGH WHICH PHOTOGRAPHERS ARE ABLE TO CONNECT WITH NATIONAL AND INTERNATIONAL CURATORS, GALLERY DIRECTORS, EDITORS, AND OTHER ELITE PROFESSIONALS.IN 2015 FILTER PHOTO OPENED FILTER SPACE, A PERMANENT GALLERY AND PROJECT SPACE LOCATED IN CHICAGO'S WEST TOWN NEIGHBORHOOD AT 1821 WEST HUBBARD STREET, SUITE 207. FILTER SPACE HOSTS REGULAR SOCIAL, EDUCATIONAL, AND PROFESSIONAL DEVELOPMENT ACTIVITIES, INCLUDING EXHIBITIONS, WORKSHOPS, AND LECTURES.

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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 (2025)

Revenue Breakdown

Contributions & Grants $124,850
Program Service Revenue $118,198
Investment Income $1
Other Revenue $0
TOTAL REVENUE $243,049

Expense Breakdown

Grants Paid $0
Salaries & Benefits $97,399
Fundraising Expenses $5,692
Program Expenses $144,298
Other Expenses $136,919
TOTAL EXPENSES $234,318

Year-over-Year Comparison

2025 2024 Change
Revenue $243,049 $224,054 +0.1%
Expenses $234,318 $216,367 +0.1%
Net Income $8,731 $7,687 +0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
10
Independent Members
10
Employees
4
Volunteers
8

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
3
$44,673
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DOUG FOGELSON DIRECTOR 2.00
Director
$0 $0 $0
JEFF PHILLIPS PRESIDENT 2.00
Officer Director
$0 $0 $0
JAY WOLKE TREASURER 2.00
Officer Director
$0 $0 $0
CECIL MCDONALD JR DIRECTOR 2.00
Director
$0 $0 $0
ASHA IMAN VEAL DIRECTOR 2.00
Director
$0 $0 $0
DAVID M WONG DIRECTOR 2.00
Director
$0 $0 $0
DAN NISBET DIRECTOR 2.00
Director
$0 $0 $0
STEPHANIE MURRAY DIRECTOR 2.00
Director
$0 $0 $0
JOE SHANAHAN DIRECTOR 2.00
Director
$0 $0 $0
TOBI SHINOBI DIRECTOR 2.00
Director
$0 $0 $0
ERIN HOYT EXECUTIVE DIRECTOR 30.00
Officer
$44,673 $0 $44,673
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 $243,049 $234,318 $62,058 $8,731
2024 $224,054 $216,367 $52,987 $7,687
2019 $211,412 $210,032 $70,718 $1,380
2018 $219,491 $201,261 $69,338 $18,230
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