Air Artists-in-residence Studio
Nonprofit profile at a glance
- EIN
- 843520265
- IRS 990-EZ coverage
- 2022–2025
- Forms available
- Form 990-EZ 2025, Form 990-N 2019
- Location
- Glencoe, IL, USA
- Phone
- 7084663519
- Rating
- 56
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Visual Arts Organizations
Reported finances
- Revenue
- $145,858
- Expenses
- $105,633
- Assets
- $49,120
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- MARGARET SHEARN (PRESIDENT)
People named in this filing
- MARGARET SHEARN (PRESIDENT)
- JOAN MINSKY (TREASURER)
- COLLEEN CONLEY (SECRETARY)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Provide a supportive environment for underserved artists, provide work and galley space for artists while providing a safe nurturing environment.
What it reported doing in 2025
Provide studio space for artists
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
MIXED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 37
- Transparency & Controls: 82
- Sustainability: 55
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 32.4%; rating input score 32
- Program expense ratio: 44.7%; rating input score 45
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 27.6%; rating input score 79; 79th percentile among comparable filings
- Total-asset coverage ratio: 0.47; rating input score 36; 36th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: -17.8% per year; rating input score 0; 11th percentile among comparable filings
- Revenue growth: 15.8% per year; rating input score 100; 77th percentile among comparable filings
- Asset growth: -25.5% per year; rating input score 0; 5th percentile among comparable filings
Details
- Where the money goes: 32.4% of revenue deployed · 44.7% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $47K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 2 filed schedules
- Filing history: 4 filing years from 2022 to 2025
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 32/100.
- Moderate — Financial Efficiency: Program expense ratio scored 45/100.
- High — Growth: Program expense growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 36/100.
- High — Growth: Asset growth scored 0/100.