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Chicago Folks Operetta Nfp

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Arts, Culture and Humanities / Theater (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$33.3k (2023)

Expenses
$25.1k (2023)

Total Assets
$4.49k (2023)

Total Liabilities
$14.4k (2023)

Source: Form 990 tax filings from 2010 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$33,276
Expenses
$25,090
Net Income
$8,186
Net Assets
-$9,895
Notable Sources of Revenue Percent of Total Revenue
Contributions $20,469
61.5%
Program Services $0
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $12,807
38.5%
Assets/Debt
Total Assets $4,488
Total Liabilities $14,383
Net Assets -$9,895
Compensation
Key Employees and Officers Compensation Other
Gerald Frantzen (Treasurer) $0 $0
Katherine Peterson (Secretary) $0 $0
William Roberts (Director) $0 $0
Hersh Glagov (Director) $0 $0
Alison Kelly (President) $0 $0
Corrine Yaccino (Director) $0 $0
Matthew Carroll (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$55,124
Expenses
$196,071
Net Income
-$140,947
Net Assets
-$18,081
Notable Sources of Revenue Percent of Total Revenue
Contributions $33,179
60.2%
Program Services $21,945
39.8%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $6,313
Total Liabilities $24,394
Net Assets -$18,081
Compensation
Key Employees and Officers Compensation Other
Gerald Frantzen (Treasurer) $0 $0
Katherine Peterson (Secretary) $0 $0
William Roberts (Director) $0 $0
Hersh Glagov (Director) $0 $0
Alison Kelly (President) $0 $0
Corrine Yaccino (Director) $0 $0
Matthew Carroll (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$135,953
Expenses
$18,915
Net Income
$117,038
Net Assets
$122,553
Notable Sources of Revenue Percent of Total Revenue
Contributions $134,773
99.1%
Program Services $0
Investment Income $0
Net Fundraising $1,180
0.9%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $137,146
Total Liabilities $14,593
Net Assets $122,553
Compensation
Key Employees and Officers Compensation Other
Gerald Frantzen (Treasurer) $0 $0
Katherine Peterson (Secretary) $0 $0
William Roberts (Director) $0 $0
Hersh Glagov (Director) $0 $0
Alison Kelly (President) $0 $0
Corrine Yaccino (Director) $0 $0
Matthew Carroll (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$46,368
Expenses
$15,932
Net Income
$30,436
Net Assets
$5,544
Notable Sources of Revenue Percent of Total Revenue
Contributions $41,442
89.4%
Program Services $4,899
10.6%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $27
0.1%
Assets/Debt
Total Assets $20,152
Total Liabilities $14,608
Net Assets $5,544
Compensation
Key Employees and Officers Compensation Other
Gerald Frantzen (Treasurer) $0 $0
Katherine Peterson (Secretary) $0 $0
William Roberts (Director) $0 $0
Hersh Glagov (Director) $0 $0
Alison Kelly (President) $0 $0
Corrine Yaccino (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$70,193
Expenses
$88,215
Net Income
-$18,022
Net Assets
-$22,837
Notable Sources of Revenue Percent of Total Revenue
Contributions $37,188
53.0%
Program Services $33,005
47.0%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $5,284
Total Liabilities $28,121
Net Assets -$22,837
Compensation
Key Employees and Officers Compensation Other
Gerald Frantzen (Treasurer) $0 $0
Katherine Peterson (Secretary) $0 $0
William Roberts (Director) $0 $0
Hersh Glagov (Director) $0 $0
Alison Kelly (President) $0 $0
Corrine Yaccino (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$114,544
Expenses
$89,569
Net Income
$24,975
Net Assets
-$4,875
Notable Sources of Revenue Percent of Total Revenue
Contributions $74,464
65.0%
Program Services $39,978
34.9%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $102
0.1%
Assets/Debt
Total Assets $20,543
Total Liabilities $25,418
Net Assets -$4,875
Compensation
Key Employees and Officers Compensation Other
Gerald Frantzen (Treasurer) $0 $0
Katherine Peterson (Secretary) $0 $0
William Roberts (Director) $0 $0
Hersh Glagov (Director) $0 $0
Alison Kelly (President) $0 $0
Corrine Yaccino (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$62,229
Expenses
$69,326
Net Income
-$7,097
Net Assets
-$30,381
Notable Sources of Revenue Percent of Total Revenue
Contributions $42,215
67.8%
Program Services $17,878
28.7%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,136
3.4%
Assets/Debt
Total Assets $8,093
Total Liabilities $38,474
Net Assets -$30,381
Compensation
Key Employees and Officers Compensation Other
Gerald Frantzen (Treasurer/Artistic Director) $0 $0
Dr J Steven Kelly (Marketing Director) $0 $0
Dr Gregory Reish (Historian) $0 $0
Hersh Glagov (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$58,119
Expenses
$63,060
Net Income
-$4,941
Net Assets
-$48,248
Notable Sources of Revenue Percent of Total Revenue
Contributions $36,621
63.0%
Program Services $21,466
36.9%
Investment Income $32
0.1%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $10,502
Total Liabilities $58,750
Net Assets -$48,248
Compensation
Key Employees and Officers Compensation Other
Gerald Frantzen (Treasurer/Artistic Director) $0 $0
Dr J Steven Kelly (Marketing Director) $0 $0
Dr Gregory Reish (Historian) $0 $0
Hersh Glagov (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$126,743
Expenses
$135,725
Net Income
-$8,982
Net Assets
-$40,993
Notable Sources of Revenue Percent of Total Revenue
Contributions $89,122
70.3%
Program Services $37,556
29.6%
Investment Income $65
0.1%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $17,357
Total Liabilities $58,350
Net Assets -$40,993
Compensation
Key Employees and Officers Compensation Other
Gerald Frantzen (Treasurer/Artistic Director) $0 $0
Dr J Steven Kelly (Marketing Director) $0 $0
Dr Gregory Reish (Historian) $0 $0
Hersh Glagov (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$93,838
Expenses
$104,046
Net Income
-$10,208
Net Assets
-$32,011
Notable Sources of Revenue Percent of Total Revenue
Contributions $63,985
68.2%
Program Services $29,853
31.8%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $16,135
Total Liabilities $48,146
Net Assets -$32,011
Compensation
Key Employees and Officers Compensation Other
Allison Kelly (General Director) $0 $0
Gerald Frantzen (Artistic Director) $0 $0
Dr J Steven Kelly (Marketing Director) $0 $0
Nik Bergenske (Treasurer) $0 $0
Dr Gregory Reish (Historian) $0 $0
Hersh Glagov (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$99,278
Expenses
$94,733
Net Income
$4,545
Net Assets
-$21,293
Notable Sources of Revenue Percent of Total Revenue
Contributions $57,950
58.4%
Program Services $41,325
41.6%
Investment Income $3
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $12,653
Total Liabilities $33,946
Net Assets -$21,293

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$122,151
Expenses
$124,922
Net Income
-$2,771
Net Assets
-$25,842
Notable Sources of Revenue Percent of Total Revenue
Contributions $71,552
58.6%
Program Services $50,599
41.4%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $20,489
Total Liabilities $46,331
Net Assets -$25,842

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$91,324
Expenses
$96,381
Net Income
-$5,057
Net Assets
-$23,071
Notable Sources of Revenue Percent of Total Revenue
Contributions $39,616
43.4%
Program Services $51,708
56.6%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $17,958
Total Liabilities $41,029
Net Assets -$23,071

Document Links

Fiscal Year Ending Dec.
2010

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$72,132
Expenses
$76,319
Net Income
-$4,187
Net Assets
-$18,014
Notable Sources of Revenue Percent of Total Revenue
Contributions $23,231
32.2%
Program Services $47,945
66.5%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $956
1.3%
Other Revenue $0
Assets/Debt
Total Assets $14,868
Total Liabilities $32,882
Net Assets -$18,014

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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