THE REBUILD FOUNDATION NFP

EIN: 473026162 501(c)(3) Arts, Culture & Humanities

CHICAGO, IL

Total Revenue
$2,369,652
Total Expenses
$3,816,136
Total Assets
$14,322,177
Net Assets
$11,664,633
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
IL
Principal Officer
THEASTER GATES
Phone
3128575561
Tax Period
2023-01-01 to 2023-12-31

THE REBUILD FOUNDATION NFP, founded in 2014, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.4M in total revenue in fiscal year 2023. Revenue fell 46% from the prior year — a significant decline worth monitoring. Expenses of $3.8M exceeded revenue, resulting in a 61% operating deficit.

Mission

THE REBUILD FOUNDATION NFP IS AN ARTIST-LED, NEIGHBORHOOD-BASED PLATFORM FOR ART, CULTURAL DEVELOPMENT, AND NEIGHBORHOOD TRANSFORMATION. OUR MISSION IS TO DEMONSTRATE THE IMPACT OF INNOVATIVE, AMBITIOUS AND ENTREPRENEURIAL ARTS AND CULTURAL INITIATIVES AND IS INFORMED BY THREE CORE VALUES: BLACK PEOPLE MATTER, BLACK SPACES MATTER, AND BLACK OBJECTS MATTER.

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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 $2,118,090
Program Service Revenue $220,830
Investment Income $14,415
Other Revenue $16,317
TOTAL REVENUE $2,369,652

Expense Breakdown

Grants Paid $145,000
Salaries & Benefits $1,205,485
Fundraising Expenses $69,434
Program Expenses $3,048,848
Other Expenses $2,465,651
TOTAL EXPENSES $3,816,136

Year-over-Year Comparison

2023 2022 Change
Revenue $2,369,652 $4,385,874 -0.5%
Expenses $3,816,136 $2,665,056 +0.4%
Net Income $-1,446,484 $1,720,818 -1.8%
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

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Financial Distress Indicator

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
6
Independent Members
6
Employees
46
Volunteers
10

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
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELLEN HARTWELL ALDERMAN DIRECTOR OF PROGRAMS 40.00
Highest
$119,608 $8,802 $128,410
THEASTER GATES EXECUTIVE DIRECTOR & BOARD CHAIRMAN 15.00
Officer Director
$0 $0 $0
NANA ADAE TREASURER 0.50
Officer Director
$0 $0 $0
JOHN CAMPBELL SECRETARY 0.50
Officer Director
$0 $0 $0
REUBEN CHARLES DIRECTOR 0.50
Director
$0 $0 $0
RICHARD SCIORTINO DIRECTOR 0.50
Director
$0 $0 $0
ACASIA WILSON FEINBERG DIRECTOR 0.50
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
2024 No data No data No data No data
2023 $2,369,652 $3,816,136 $14,322,177 $-1,446,484
2022 $4,385,874 $2,665,056 $13,985,700 $1,720,818
2021 $7,037,576 $1,359,096 $11,482,913 $5,678,480
2020 $1,449,463 $1,259,125 $5,825,442 $190,338
2018 $32,125 $1,182,238 $2,931,173 $-1,150,113
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