UPBEAT MUSIC AND ARTS CENTER

EIN: 464576808 501(c)(3) Arts, Culture & Humanities

CHICAGO, IL

Total Revenue
$468,484
Total Expenses
$419,312
Total Assets
$449,313
Net Assets
$220,171
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
IL
Principal Officer
SCOTT BARBEAU
Phone
7733843469
Tax Period
2023-07-01 to 2024-06-30

UPBEAT MUSIC AND ARTS CENTER, founded in 2014, is a small nonprofit in the Arts, Culture & Humanities sector that reported $468K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $419K left a modest 10% surplus.

Mission

UPBEAT MUSIC AND ARTS INSPIRES AND MENTORS THROUGH THE ARTS TO HELP YOUTH REACH THEIR FULL POTENTIAL.

Program Service Accomplishments

Program 1
Expenses: $392,069 Revenue: $276,448

UpBeat has provided Music Camps which entailed music education, piano and guitar instruction, team building exercises, and recreational activities. UpBeat is also currently providing after-school...

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UpBeat has provided Music Camps which entailed music education, piano and guitar instruction, team building exercises, and recreational activities. UpBeat is also currently providing after-school musical classes for students ages 5-17, typically meeting on a weekly basis to provide music instruction, at UpBeat Music and Arts Center.

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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 $192,842
Program Service Revenue $276,448
Investment Income $997
Other Revenue $-1,803
TOTAL REVENUE $468,484

Expense Breakdown

Grants Paid $0
Salaries & Benefits $271,967
Fundraising Expenses $21,746
Program Expenses $392,069
Other Expenses $147,345
TOTAL EXPENSES $419,312

Year-over-Year Comparison

2023 2022 Change
Revenue $468,484 $430,843 +0.1%
Expenses $419,312 $349,510 +0.2%
Net Income $49,172 $81,333 -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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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
12
Independent Members
11
Employees
24
Volunteers
20

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
$46,764
Total Directors
15
$46,764
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SCOTT BARBEAU PRESIDENT 40.00
Officer Director
$46,764 $0 $46,764
RICHARD A JOHNSON VICE PRESIDENT 10.00
Officer Director
$0 $0 $0
JEFF BREADEN TREASURER 10.00
Officer Director
$0 $0 $0
JOE DELUCA SECRETARY 10.00
Officer Director
$0 $0 $0
VALERIE MAZE DIRECTOR 10.00
Director
$0 $0 $0
LISA RUBLE MURPHY DIRECTOR 10.00
Director
$0 $0 $0
CLAIRE OLSON DIRECTOR 10.00
Director
$0 $0 $0
JEFF RADTKE DIRECTOR 10.00
Director
$0 $0 $0
LISA HOWARD DIRECTOR 10.00
Director
$0 $0 $0
ENRIQUE LOPEZ DIRECTOR 10.00
Director
$0 $0 $0
ROB HON DIRECTOR 10.00
Director
$0 $0 $0
MIKE LOHNES DIRECTOR 10.00
Director
$0 $0 $0
SCOTT BASTIAN DIRECTOR 10.00
Director
$0 $0 $0
LISA BASTIAN DIRECTOR 10.00
Director
$0 $0 $0
JACQULIN GOODLOVE-SCHROEDER DIRECTOR 10.00
Director
$0 $0 $0
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 $468,484 $419,312 $449,313 $49,172
2023 $430,843 $349,510 $175,986 $81,333
2022 $290,923 $314,367 $89,144 $-23,444
2021 $281,684 $232,205 $92,191 $49,479
2020 $353,084 $279,752 $103,625 $73,332
2019 $276,741 $294,212 $37,335 $-17,471
2018 $261,918 $260,962 $38,047 $956
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