Chicago Arts Partnerships in Education
Nonprofit profile at a glance
- EIN
- 363969334
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Chicago, IL, USA
- Phone
- 3128706140
- Rating
- 89
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $1,569,191
- Expenses
- $1,872,869
- Assets
- $1,335,276
- Liabilities
- $301,820
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
16 people listed
Executive titles in this filing
- KYLE JOHNSON (PRESIDENT)
- KIRTI PARAKH (VICE PRESIDENT)
- AMY RASMUSSEN (EXECUTIVE DIRECTOR)
Highest reported compensation
- AMY RASMUSSEN (EXECUTIVE DIRECTOR): $110,008 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Cape works toward a future in which students and communities are empowered by the integration of the arts into their lives, in realization of their academic, creative, and personal development.
What it reported doing in 2024
Cape works with 40 chicago and suburban public schools to foster collaborations among professional teaching artists, classroom teachers, and arts teachers who integrate the arts across the curriculum. Collaborations take place during the school day or after and often include programs for parents. The cape model includes embedded professional development for educators that supports their work in classrooms. Cape serves low-income schools that struggle to provide a robust arts education for their students, and for schools that lack access to high-quality after-school programs. Cape's approach to teaching enhances learning in the arts as well as in other core academic areas such as reading, math, science, and social studies. As well as in social emotional learning.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 89
- Transparency & Controls: 92
- Accountability: 100
- Sustainability: 24
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 99.5%; rating input score 100
- Program expense ratio: 83.4%; rating input score 83
- Fundraising efficiency: $15.53 raised per $1 spent on fundraising; rating input score 51; 51st percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -19.4%; rating input score 10; 10th percentile among comparable filings
- Total-asset coverage ratio: 0.71; rating input score 32; 32nd percentile among comparable filings
- Liabilities to assets ratio: 0.23; rating input score 29; 29th percentile among comparable filings
- Officer compensation ratio: 5.9%; rating input score 51; 51st percentile among comparable filings
Growth
- Program expense growth: 7.9% per year; rating input score 100; 55th percentile among comparable filings
- Revenue growth: 2.1% per year; rating input score 100; 25th percentile among comparable filings
- Asset growth: 3.5% per year; rating input score 100; 32nd percentile among comparable filings
Details
- Where the money goes: 99.5% of revenue deployed · 83.4% of spending went to programs
- Governance: 15 of 15 board members independent · 8 of 8 filing controls reported
- Programs: 3 filed program accomplishments · $1.6M in reported program spending
- Leadership: top reported pay $110K · 16 people listed
- Consistency: 34 of 34 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Fundraising efficiency scored 51/100.
- High — Sustainability: Operating margin scored 10/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 32/100.
- High — Sustainability: Liabilities to assets ratio scored 29/100.
- Review — Sustainability: Officer compensation ratio scored 51/100.