2024-02-09T13:28:10-08:00 2023-08-31 474152589 IL NFP AUDIT AND TAX LLP 200 S WACKER DR SUITE 3100 CHICAGO IL 60606 990 2022-09-01 020645505 Elastic Arts Foundation ELAS 7737723616 3429 W Diversey Ave 208 Chicago IL 60647 Aaron Rodgers President-Elect 2024-02-09 true Aaron Rodgers 999009999 true Abdullah Khan CPA P01524581 3129985500 2 AAL1 IAL1 FAL1 2022 2023-04-26 12:10:37Z Aaron Rodgers 3429 W Diversey Ave 208 Chicago IL 60647 632558 false X www.elasticarts.org X 2002 IL Elastic Arts fosters a community of musicians and artists in the Avondale/Logan Square neighborhood of Chicago by developing and presenting creative and independent music, art, and performance events. 9 9 4 19 0 311390 440387 144406 165491 1854 14963 19360 470759 627092 0 0 126455 168097 0 4593 286904 320101 413359 488198 57400 138894 287059 437195 13498 24740 273561 412455 Elastic Arts fosters a community of musicians and artists in the Avondale/Logan Square neighborhood of Chicago by developing and presenting creative and independent music, art, and performance events. false false 441913 165491 1) PRODUCTION AND PRESENTATION OF APPROXIMATELY 200 MUSIC CONCERTS, PERFORMANCES, AND ARTS EVENTS, OPEN TO THE GENERAL PUBLIC. 2) RENTAL OF PERFORMANCE SPACE TO LOCAL ARTISTS FOR A NOMINAL FEE, 3) DEVELOPMENT OF RESIDENCY PROGRAMS FOR EMERGING CHICAGO ARTISTS AND CURATORS 441913 true true false false false false false false false false true false false false false true true false false false false false false false true false false false false false false false false false false false false false false false false false false false false false false true 53 0 true 4 true false false false false false true true false 0 false false false false false false false X 9 9 false false false false false false false true true false false true true true true true true true true false IL X X X Afable Consulting 7737723616 3429 W Diversey Ave 208 Chicago IL 60647 Adam Zanolini Executive Dir. 40.00 0.00 X 68717 0 0 Irmi Maunu-Kocian Co-President 5.00 0.00 X X 0 0 0 Cristal Sabbagh Co-President 5.00 0.00 X X 0 0 0 Katinka Kleijn Co-President 5.00 0.00 X X 0 0 0 Daniel F Schwarzlose Secretary 5.00 0.00 X X 0 0 0 Trea Fotidzis Treasurer 5.00 0.00 X X 0 0 0 Latoya Hunter Trustee 5.00 0.00 X 0 0 0 Adia Sykes Trustee 5.00 0.00 X 0 0 0 Kirsten Byers Trustee 5.00 0.00 X 0 0 0 Aaron Rodgers President-Elect 5.00 0.00 X X 0 0 0 68717 0 false false false 0 92788 347599 440387 Shows and Performances 711190 146403 146403 Venue Rental 711190 19088 19088 165491 1854 1854 0 0 0 0 24247 5466 18781 0 0 MISCELLANOEUS 900099 579 579 579 627092 166070 1854 X 0 0 0 0 68717 58409 6872 3436 0 77088 77088 0 10425 8861 1043 521 11867 11028 559 280 0 0 0 0 0 0 216348 204996 11352 5854 5854 0 0 0 47504 40395 7109 3700 3700 0 0 0 0 7135 6065 714 356 5318 388 4930 Instruments and Equipment 24741 24741 Dues and Subscriptions 1919 1919 Licences and Fees 1615 1615 Hospitality 1475 1475 4492 388 4104 488198 441913 41692 4593 192387 168089 101854 73169 144665 0 0 0 0 0 8219 70816 59449 18503 11367 0 0 0 0 3000 3001 287059 437195 5317 11623 8181 13117 13498 24740 X 178166 193138 95395 219317 273561 412455 287059 437195 138894 X false true X true false X 227875 137000 279506 311390 440387 1396158 0 0 227875 137000 279506 311390 440387 1396158 256724 1139434 1854 1854 0 579 579 1398591 590833 0.81470 0.83810 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 17563 15717 1846 38913 29392 9521 14340 14340 11367 X 627092 627092 627092 488198 488198 488198 Part X : FIN48 Footnote The Organization is exempt from Federal and State income taxes under Section 501(c)(3) of the Internal Revenue Code, therefore, the financial statements do not include a provision for income taxes. The Organization reviews income tax positions taken or expected to be taken in income tax returns to determine if there are any income tax uncertainties. This includes positions that the entity is exempt from income taxes or not subject to income taxes on unrelated business income. The Organization recognizes tax benefits from uncertain tax positions only if it is more likely than not that the tax positions will be sustained on examination by taxing authorities, based on the technical merits of the positions. The Organization has identified no significant income tax uncertainties. The Organization files information returns as a tax-exempt organization. Should that status be challenged in the future, all years since inception could be subject to review by the IRS. X false IL Special Events 24247 24247 5466 24247 24247 5466 5466 18781 Form 990, Part VI, Section B, Line 11b The board reviews the 990 prior to filing. Form 990, Part VI, Section B, Line 12c Conflicts of interests are addressed as they arise. Form 990, Part VI, Section B, Line 15a The Board sets management compensation levels. Form 990, Part VI, Section B, Line 15b The Board sets management officer or key employee compensation levels. Form 990, Part VI, Section C, Line 18 The 990 can be acquired through the IL Attorney General and the Guidestar.org websites. Form 990, Part VI, Section C, Line 19 Available upon request.