Latitude Inc Nfp
Nonprofit profile at a glance
- EIN
- 455275521
- IRS 990 coverage
- 2017–2025
- Forms available
- Form 990 2025, Form 990-EZ 2016
- Location
- Chicago, IL, USA
- Rating
- 69
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Arts Service Organizations and Activities
Reported finances
- Revenue
- $716,317
- Expenses
- $553,068
- Assets
- $267,407
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- DAEJA ARNDIS OTHARSSON (EXECUTIVE DIRECTOR)
- B INGRID OLSON (PRESIDENT)
- JOSHI FLORES (VICE PRESIDENT)
Highest reported compensation
- DAEJA ARNDIS OTHARSSON (EXECUTIVE DIRECTOR): $36,880 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Latitude provides access to high end digital media equipment, a professional production space, and a curriculum dedicated to real-world workflows and contemporary art theory.
What it reported doing in 2025
Faciliate the creation of visual arts through maintaining a commumity digital lab with high-end scanning and printing equipment, operates an artist in residence program, and organizes regular education and arts programming.
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
SUPPORTED - The filed numbers largely add up and most voting board members are independent. 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: 43
- Transparency & Controls: 100
- Accountability: 69
- Sustainability: 58
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 44.1%; rating input score 44
- Program expense ratio: 57.3%; rating input score 57
- Fundraising efficiency: Limited
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; 64th percentile among comparable filings
- Governance controls: 2 of 8 controls in place; rating input score 25
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 22.8%; rating input score 75; 75th percentile among comparable filings
- Total-asset coverage ratio: 0.48; rating input score 24; 24th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 88; 88th percentile among comparable filings
- Officer compensation ratio: 6.7%; rating input score 46; 46th percentile among comparable filings
Growth
- Program expense growth: 6.3% per year; rating input score 100; 43rd percentile among comparable filings
- Revenue growth: 13.6% per year; rating input score 100; 71st percentile among comparable filings
- Asset growth: 8.4% per year; rating input score 100; 49th percentile among comparable filings
Details
- Where the money goes: 44.1% of revenue deployed · 57.3% of spending went to programs
- Governance: 9 of 9 board members independent · 2 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $317K in reported program spending
- Leadership: top reported pay $37K · 10 people listed
- Consistency: 21 of 21 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 9 filing years from 2017 to 2025
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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 44/100.
- Review — Financial Efficiency: Program expense ratio scored 57/100.
- High — Accountability: Governance controls: 5 of 7 not reported.
- High — Sustainability: Total-asset coverage ratio scored 24/100.
- Moderate — Sustainability: Officer compensation ratio scored 46/100.