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Arts & Business Council Of Chicago

Organization summary

Organization summary might be incomplete or out of date

This organization is not listed in the IRS's most recent list of tax exempt organizations, but we have data associated with this Employer Identification Number.

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.

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$320k (2023)

Expenses
$405k (2023)

Total Assets
$0 (2023)

Total Liabilities
$0 (2023)

Years with multiple filings
Source: Form 990 tax filings from 2012 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 Form 990
Revenue
$320,491
Expenses
$404,734
Net Income
-$84,243
Net Assets
$0
Notable Sources of Revenue Percent of Total Revenue
Contributions $274,731
85.7%
Program Services $33,999
10.6%
Investment Income $11
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $11,750
3.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $103,481
25.6%
Professional Fundraising Fees $0
Other Salaries and Wages $165,421
40.9%
Assets/Debt
Total Assets $0
Total Liabilities $0
Net Assets $0
Compensation
Key Employees and Officers Compensation Related Other
Kristin Larsen (Executive Dir.) $103,481 $0 $0
Simi Gambhir (Chair) $0 $0 $0
Jake Trussell (Vice Chair) $0 $0 $0
Melissa Elbert (Treasurer) $0 $0 $0
Kimberly Grigsby (Secretary) $0 $0 $0
Derek Lowrey (Director) $0 $0 $0
Liz Rice (Director) $0 $0 $0
Roche Schulfer (Director) $0 $0 $0
Meida Teresa Mc Neal (Director) $0 $0 $0
Vanessa Stokes (Director) $0 $0 $0
Robyn Wheeler (Chair Emeritus) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$205,789
Expenses
$235,066
Net Income
-$29,277
Net Assets
$84,243
Notable Sources of Revenue Percent of Total Revenue
Contributions $195,347
94.9%
Program Services $6,050
2.9%
Investment Income $8
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $4,384
2.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $84,355
35.9%
Professional Fundraising Fees $0
Other Salaries and Wages $59,723
25.4%
Assets/Debt
Total Assets $194,619
Total Liabilities $110,376
Net Assets $84,243
Compensation
Key Employees and Officers Compensation Related Other
Kristin Larsen (Executive Dir.) $84,355 $0 $0
Robyn Wheeler (Chair) $0 $0 $0
Jake Trussell (Vice Chair) $0 $0 $0
Melissa Elbert (Treasurer) $0 $0 $0
Simi Gambhir (Secretary) $0 $0 $0
Joel Farran (Director) $0 $0 $0
Meida Teresa Mc Neal (Director) $0 $0 $0
Roche Schulfer (Director) $0 $0 $0
Judy Brennan (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$363,077
Expenses
$251,567
Net Income
$111,510
Net Assets
$113,533
Notable Sources of Revenue Percent of Total Revenue
Contributions $355,231
97.8%
Program Services $7,125
2.0%
Investment Income $7
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $714
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $89,393
35.5%
Professional Fundraising Fees $0
Other Salaries and Wages $73,499
29.2%
Assets/Debt
Total Assets $229,879
Total Liabilities $116,346
Net Assets $113,533
Compensation
Key Employees and Officers Compensation Related Other
Kristin Larsen (Executive Dir.) $89,393 $0 $0
Robyn Wheeler (Chair) $0 $0 $0
Joel Farran (Vice Chair) $0 $0 $0
Melissa Elbert (Treasurer) $0 $0 $0
Judy Brennan (Secretary) $0 $0 $0
Amanda Delheimer (Director) $0 $0 $0
Simi Gambhir (Director) $0 $0 $0
Meida Teresa Mc Neal (Director) $0 $0 $0
Roche Schulfer (Director) $0 $0 $0
Jake Trussell (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$318,106
Expenses
$330,621
Net Income
-$12,515
Net Assets
$2,023
Notable Sources of Revenue Percent of Total Revenue
Contributions $298,843
93.9%
Program Services $13,260
4.2%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $4,981
1.6%
Sales of Assets $356
0.1%
Net Inventory Sales $0
Other Revenue $666
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $70,082
21.2%
Professional Fundraising Fees $0
Other Salaries and Wages $137,353
41.5%
Assets/Debt
Total Assets $223,601
Total Liabilities $221,578
Net Assets $2,023
Compensation
Key Employees and Officers Compensation Related Other
Kristin Larsen (Executive Dir.) $70,082 $0 $0
Robyn Wheeler (Chair) $0 $0 $0
Joel Farran (Vice Chair) $0 $0 $0
Melissa Elbert (Treasurer) $0 $0 $0
Judy Brennan (Secretary) $0 $0 $0
Amanda Delheimer (Director) $0 $0 $0
Simi Gambhir (Director) $0 $0 $0
Meida Teresa Mc Neal (Director) $0 $0 $0
Roche Schulfer (Director) $0 $0 $0
Evan Trent (Director) $0 $0 $0
Jake Trussell (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$238,159
Expenses
$468,543
Net Income
-$230,384
Net Assets
$14,538
Notable Sources of Revenue Percent of Total Revenue
Contributions $167,451
70.3%
Program Services $25,126
10.6%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $42,968
18.0%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,614
1.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $283,593
60.5%
Assets/Debt
Total Assets $94,343
Total Liabilities $79,805
Net Assets $14,538
Compensation
Key Employees and Officers Compensation Related Other
Kristin Larsen (Executive Director) $96,402 $0 $0
Joel Farran (Chair) $0 $0 $0
Robyn Wheeler (Vice Chair) $0 $0 $0
Melissa Elbert (Treasurer) $0 $0 $0
Judy Brennan (Secretary) $0 $0 $0
Amanda Delheimer (Director) $0 $0 $0
Roche Schulfer (Director) $0 $0 $0
Evan Trent (Director) $0 $0 $0
Rai Barney (Director) $0 $0 $0
Jake Trussell (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$390,548
Expenses
$452,635
Net Income
-$62,087
Net Assets
$244,922
Notable Sources of Revenue Percent of Total Revenue
Contributions $343,789
88.0%
Program Services $46,394
11.9%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $100
0.0%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $265
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $187,211
41.4%
Assets/Debt
Total Assets $285,397
Total Liabilities $40,475
Net Assets $244,922

Document Links

Fiscal Year Ending March
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$485,727
Expenses
$386,291
Net Income
$99,436
Net Assets
$307,009
Notable Sources of Revenue Percent of Total Revenue
Contributions $431,358
88.8%
Program Services $45,530
9.4%
Investment Income $18
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $5,653
1.2%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $3,168
0.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $55,437
14.4%
Professional Fundraising Fees $0
Other Salaries and Wages $142,984
37.0%
Assets/Debt
Total Assets $418,677
Total Liabilities $111,668
Net Assets $307,009

Document Links

Fiscal Year Ending March
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$446,884
Expenses
$432,763
Net Income
$14,121
Net Assets
$207,573
Notable Sources of Revenue Percent of Total Revenue
Contributions $373,964
83.7%
Program Services $70,466
15.8%
Investment Income $24
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $8,290
1.9%
Sales of Assets -$12,360
Net Inventory Sales $0
Other Revenue $6,500
1.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $84,520
19.5%
Professional Fundraising Fees $0
Other Salaries and Wages $191,787
44.3%
Assets/Debt
Total Assets $481,224
Total Liabilities $273,651
Net Assets $207,573

No Document Links

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

Fiscal Year Ending March
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$568,082
Expenses
$637,009
Net Income
-$68,927
Net Assets
$193,452
Notable Sources of Revenue Percent of Total Revenue
Contributions $497,771
87.6%
Program Services $62,661
11.0%
Investment Income $12
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $23,033
4.1%
Net Fundraising -$16,352
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $957
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $328,781
51.6%
Assets/Debt
Total Assets $247,070
Total Liabilities $53,618
Net Assets $193,452

Document Links

Fiscal Year Ending March
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$622,736
Expenses
$578,838
Net Income
$43,898
Net Assets
$262,380
Notable Sources of Revenue Percent of Total Revenue
Contributions $533,127
85.6%
Program Services $78,515
12.6%
Investment Income $46
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $22,813
3.7%
Net Fundraising -$13,458
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,693
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $304,745
52.6%
Assets/Debt
Total Assets $366,881
Total Liabilities $104,501
Net Assets $262,380

Document Links

Fiscal Year Ending March
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$527,242
Expenses
$658,924
Net Income
-$131,682
Net Assets
$218,482
Notable Sources of Revenue Percent of Total Revenue
Contributions $465,975
88.4%
Program Services $57,113
10.8%
Investment Income $53
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $24,345
4.6%
Net Fundraising -$21,444
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,200
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $372,314
56.5%
Assets/Debt
Total Assets $230,437
Total Liabilities $11,955
Net Assets $218,482
Compensation
Key Employees and Officers Compensation Related Other
John E Gingell (Chair) $0 $0 $0
Nick Rabkin (Vice Chair) $0 $0 $0
Verett Mims (Secretary) $0 $0 $0
Andrew Holtz (Treasurer) $0 $0 $0
Amy Shivvers (Director) $0 $0 $0
Natasha Kennedy (Director) $0 $0 $0
Stuart K Gilchrist (Director) $0 $0 $0
Roche Schulfer (Director) $0 $0 $0
Melissa Elbert (Director) $0 $0 $0
Jeffery P Jordt (Director) $0 $0 $0
Peter Korst (Director) $0 $0 $0
Susan Bell (Director) $0 $0 $0
Jim Lupo (Director) $0 $0 $0
Michael Phillips (Director) $0 $0 $0
Joel Farran (Director) $0 $0 $0
Philippe Ravanas (Director) $0 $0 $0

Document Links

Fiscal Year Ending March
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$617,438
Expenses
$687,755
Net Income
-$70,317
Net Assets
$350,164
Notable Sources of Revenue Percent of Total Revenue
Contributions $506,130
82.0%
Program Services $86,510
14.0%
Investment Income $105
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $22,768
3.7%
Net Fundraising $1,925
0.3%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $389,992
56.7%
Assets/Debt
Total Assets $355,993
Total Liabilities $5,829
Net Assets $350,164

Document Links

Fiscal Year Ending March
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$975,003
Expenses
$1,115,772
Net Income
-$140,769
Net Assets
$420,481
Notable Sources of Revenue Percent of Total Revenue
Contributions $903,807
92.7%
Program Services $100,665
10.3%
Investment Income $559
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$30,028
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $393,959
35.3%
Assets/Debt
Total Assets $435,522
Total Liabilities $15,041
Net Assets $420,481

Document Links

Fiscal Year Ending March
2011

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 March
2010

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 March
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 March
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

Fiscal Year Ending March
2007

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 March
2006

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 March
2005

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 March
2004

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 March
2003

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 March
2002

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 »

Get the Data

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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