Public Charity

PALETTE AND CHISEL ACADEMY OF FINE ARTS

PALETTE AND CHISEL ACADEMY OF FINE ARTS is a Public Charity headquartered in CHICAGO, IL. Financial data from the 2024 filing: $1.7M revenue, $804K expenses, $5.2M total assets. 4 publicly reported grants to this organization, totaling roughly $108K, appear in IRS filings.

EIN: 362270698 CHICAGO, IL Latest filing: 2024
Total Revenue$1.7M
Total Expenses$804K
Total Assets$5.2M
Grant Records4
Funding Total$108K
Filing Years2019–2024

Mission

THE MISSION OF THE PALETTE & CHISEL ACADEMY OF FINE ARTS IS TO FOSTER GROWTH IN THE VISUAL ARTS, PROVIDE A PLACE FOR SERIOUS ARTISTS TO WORK, AND ENRICH THE COMMUNITY WITH PROGRAMS OF PRACTICAL ART EDUCATION, ART APPRECIATION AND EXHIBITIONS.

Officers & Directors

Director Addison Xu
Treasurer Alisa Kannett
Secretary Cathy Buck
Director Errol Jacobson
Director Gloria Segura Meyer
Director Jose Bedolla

Officer compensation and complete director data available with membership.

Top Grant Purposes

ILLINOIS CORONAVIRUS FISCAL RECOVERY FUNDS
$65,000 1 grant
For grant recipient's exempt purposes
$26,750 1 grant
GENERAL SUPPORT
$10,000 1 grant
ARTS, CULTURE & HUMANITIES
$6,250 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $1.7M $804K $5.2M
2023 $856K $717K $4.7M
2022 $758K $707K $4.3M
2020 $469K $445K $4.4M
2019 $799K $694K $4.1M

Between 2019 and 2024, reported annual revenue grew from $799K to $1.7M (+108%), with total assets most recently reported at $5.2M.

Interactive year-over-year charts and full filing details available with membership.

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