2024-07-03T10:07:38-05:00 2023-08-31 363321958 Desmond & Ahern Ltd 10827 S Western Avenue Chicago IL 60643 990 2022-09-01 366165922 Beverly Arts Center BEVE 7735923492 2407 West 111th Street Chicago IL 60655 Stacey Recht President 7735923492 2024-07-03 1 Stacey Recht 999009999 1 Mel Padillo P03172019 7737794720 2024-07-02 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z Stacey Recht 2407 West 111th Street Chicago IL 60655 2067927 0 X https://thebeverlyartscenter.com X 1967 IL Community Art Center in Beverly neighborhood of Chicago. 11 11 28 11 0 0 866502 534202 1023937 1363498 75 194 20929 80706 1911443 1978600 0 0 0 0 604384 902933 0 0 115444 1227569 1569964 1831953 2472897 79490 -494297 7922768 7559704 934132 1079576 6988636 6480128 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. 0 0 1877415 1388808 The Organization provides artistic programming through its school of the arts, dance studio, adult and children's performance programming, special events, and education outreach. 1877415 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 143 0 1 28 1 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X Dr Carla Carter 7775923492 2407 W 111th Street Chicago IL 60643 Stacey Recht President 2.00 X X 0 0 0 Chris Wilczak Vice President 2.00 X X 0 0 0 Sonja Brisard Treasurer 2.00 X X 0 0 0 Amy Stickel Secretary 2.00 X X 0 0 0 Shayna Gray Director 2.00 X 0 0 0 Ed McGunn Director 2.00 X 0 0 0 Denise Powell Director 2.00 X 0 0 0 Sandra Leonard Director 2.00 X 0 0 0 James Noonan Director 2.00 X 0 0 0 Katrina Pavlik Director 2.00 X 0 0 0 Kamilah Parker Director 2.00 X 0 0 0 Carla Carter Executive Director 2.00 X 100000 0 1843 100000 0 1843 0 0 0 0 0 10736 8130 515336 534202 Outreach 711190 630407 630407 Tuition-School of arts 711190 394635 394635 Live performances 711190 334636 334636 Gallery Sales 711190 3820 3820 1363498 194 194 109796 70055 39741 39741 39741 15655 8130 0 15655 15655 42966 19272 23694 23694 Other 900099 1616 1616 1616 1978600 1388808 0 55590 X 101843 67549 25980 8314 691730 458800 176462 56468 46420 30789 11842 3789 62940 41746 16056 5138 12200 12200 756387 745638 1989 8760 40030 21428 15254 3348 242288 163511 75780 2997 109712 81359 24655 3698 4576 2936 1525 115 41740 42564 -2095 1271 258974 188600 64744 5630 34520 25599 7757 1164 Licenses and fees 35694 1676 34007 11 Miscellaneous 30343 5220 10382 14741 Bad debt expense 3500 3500 2472897 1877415 480038 115444 91172 36691 111483 81677 250000 80856 273064 2114 2718 34404 47041 12891004 5775781 7348393 7115223 4346 3290 7922768 7559704 91485 73693 53747 67548 755353 890577 33547 47758 934132 1079576 X 6901636 6219959 87000 260169 6988636 6480128 7922768 7559704 X -494297 -14211 X X 0 1 X 1 0 X 270618 944573 956205 866502 534202 3572100 1375233 769445 802060 1064393 1363498 5374629 52648 14423 4320 984 72375 1698499 1728441 1762585 1931879 1897700 9019104 37225 2450 1800 6277 47752 60212 60212 37225 2450 1800 66489 107964 8911140 77280 24985 10677 62831 109990 285763 77280 24985 10677 62831 109990 285763 1775779 1753426 1773262 1994710 2007690 9304867 0.95770 0.95700 0.03070 0.02740 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1870000 1870000 10576603 5443791 5132812 444401 331990 112411 7115223 Interest rate swap 47758 47758 X 2048655 70055 70055 1978600 0 1978600 2542952 70055 70055 2472897 0 2472897 Part X, Line 2: FIN 48 Note from Audited Financial Statements Beverly Arts Center of Chicago was granted an exemption from federal income taxes by the Internal Revenue Service pursuant to the provisions of Internal Revenue Code Section 501(c)(3). The Organization qualifies for the charitable contribution deduction under Section 170 and has been classified as an organization that is not a private foundation under Section 509(a)(2). The tax-exempt purpose of the Organization and the nature in which it operates is described above. The Organization continues to operate in compliance with its tax-exempt purpose. The Organization's annual information and income tax returns filed with the federal and state governments are subject to examination for generally three years after filing. Part XI, Line 2d - Other Adjustments: Rental expense 70,055. Unrealized gain on interest rate swap Part XII, Line 2d - Other Adjustments: Rental expense 70,055. Gala Event 23785 8130 15655 23785 8130 15655 15655 Form 990, Part VI, Section B, line 11b The 990 was reviewed by the Executive committee including the Board President, Vice President, Treasurer and Secretary prior to filing. Form 990, Part VI, Section B, line 12c The Organization requires an annual assessment/disclosure of any potential conflicts of interest. Form 990, Part VI, Section B, line 15 Compensation determination includes the use of comparable data and the contemporaneous substaniation of deliberation and decision. Form 990, Part VI, Section C, line 19 The Organization makes governing documents, conflict of interest policy and financial statements available upon request. Form 990, Part IX, line 11g Artists and performers: Program service expenses 107,192. Management and general expenses 0. Fundraising expenses 150. Total expenses 107,342. Technicians: Program service expenses 82,962. Management and general expenses 1,959. Fundraising expenses 0. Total expenses 84,921. Consultants: Program service expenses 0. Management and general expenses 30. Fundraising expenses 8,125. Total expenses 8,155. Subcontractors: Program service expenses 555,484. Management and general expenses 0. Fundraising expenses 485. Total expenses 555,969. Form 990, Part XI, line 9: Unrealized loss on interest rate swap -14,211. Form 990, Part XII, line 2c: The process has not changed from the prior year.