2025-03-14T08:40:34+00:00 2024-04-30 440160260 Forvis Mazars LLP 500 Ridgefield Court Asheville NC 28806 990 2023-05-01 271876711 Crosstown Arts CROS 9015078030 1350 CONCOURSE AVENUE NO 280 MEMPHIS TN 38104 RICHARD LOU PRESIDENT 9015078030 2025-03-14 true Amy Bibby P00445891 8282542254 2025-03-14 2023 2025-03-06 01:10:19Z RICHARD LOU 1350 CONCOURSE AVENUE NO 280 MEMPHIS TN 38104 5400189 false X WWW.CROSSTOWNARTS.ORG X 2010 TN CROSSTOWN ARTS IS A CONTEMPORARY ARTS ORGANIZATION DEDICATED TO FURTHER CULTIVATING THE CREATIVE COMMUNITY IN MEMPHIS. MANAGING A VARIETY OF EXHIBITION, PERFORMANCE, AND PRODUCTION SPACES, CROSSTOWN ARTS SUPPORTS ARTISTS, MUSICIANS, AND AUDIENCES WITH A WIDE RANGE OF MULTIDISCIPLINARY AND COLLABORATIVE PROJECTS. CROSSTOWN ARTS FOUNDED AND MANAGED THE RENOVATION OF CROSSTOWN CONCOURSE, A ONE-MILLION-SQUARE-FOOT MIXED-USE DEVELOPMENT IN THE FORMER SEARS BUILDING. OVER 40,000 SQUARE FEET OF SPACE IN CROSSTOWN CONCOURSE IS DEDICATED TO THE NON-PROFIT ARTS ORGANIZATION'S ARTS AND MUSIC PROGRAMMING. 7 7 31 204 0 0 2700228 2544389 1208736 1228536 1080741 1174786 -103784 -83156 4885921 4864555 0 0 1322010 1000215 0 62389 4732779 4489321 6054789 5489536 -1168868 -624981 48927443 100312782 45280667 64890870 3646776 35421912 X CROSSTOWN ARTS IS A CONTEMPORARY ARTS ORGANIZATION DEDICATED TO FURTHER CULTIVATING THE CREATIVE COMMUNITY IN MEMPHIS. MANAGING A VARIETY OF EXHIBITION, PERFORMANCE, AND PRODUCTION SPACES, CROSSTOWN ARTS SUPPORTS ARTISTS, MUSICIANS, AND AUDIENCES WITH A WIDE RANGE OF MULTIDISCIPLINARY AND COLLABORATIVE PROJECTS. CROSSTOWN ARTS FOUNDED AND MANAGED THE RENOVATION OF CROSSTOWN CONCOURSE, A ONE-MILLION-SQUARE-FOOT MIXED-USE DEVELOPMENT IN THE FORMER SEARS BUILDING. OVER 40,000 SQUARE FEET OF SPACE IN CROSSTOWN CONCOURSE IS DEDICATED TO THE NON-PROFIT ARTS ORGANIZATION'S ARTS AND MUSIC PROGRAMMING. false false 2143010 919864 CROSSTOWN ARTS CREATES A WIDE RANGE OF PUBLIC PROGRAMMING IN AND AROUND CROSSTOWN CONCOURSE TO HELP REVITALIZE MEMPHIS' CROSSTOWN NEIGHBORHOOD. THIS PUBLIC PROGRAMMING INCLUDES ONGOING FREE, LARGE-SCALE PUBLIC EVENTS THROUGHOUT THE YEAR IN CROSSTOWN CONCOURSE'S OUTDOOR PUBLIC PLAZA AND INDOOR PUBLIC ATRIUM SPACES. 975514 208269 CROSSTOWN ARTS MANAGES A VARIETY OF EXHIBITION SPACES THAT INCLUDE OVER 5,000 SQUARE FEET OF GALLERY SPACE IN MULTIPLE LOCATIONS. THE EXHIBITION PROGRAM HOSTS A DIVERSE RANGE OF MEMPHIS-BASED AND NATIONAL/INTERNATIONAL VISUAL ARTISTS, AND INCLUDES A DELIBERATE MIX OF INDIVIDUAL AND GROUP SHOWS CURATED AND ORGANIZED BY INDIVIDUALS AND/OR OTHER ARTS ORGANIZATIONS, OFTEN WITH A FOCUS ON INTERCONNECTING ARTISTS AND CONTENT FROM VARIED BACKGROUNDS. EXHIBITIONS RANGE FROM HIGHLY CURATED SHOWS BY PROFESSIONAL ARTISTS WHO WORK IN COMPLEX AND COMPELLING SUBJECT MATTER TO OPEN-CALL SHOWS THAT WELCOME A BROAD SCOPE OF PARTICIPANTS WORKING AT ANY LEVEL OF EXPERTISE. ALL VISUAL ART EXHIBITIONS ARE FREE AND OPEN TO THE PUBLIC WITH 100% OF ALL ART SALES GOING DIRECTLY TO THE EXHIBITING ARTIST(S). CROSSTOWN ARTS MANAGES A VARIETY OF PERFORMANCE SPACES FOR LIVE MUSIC THAT INCLUDE A SMALL, INTIMATE VENUE FOR AUDIENCES OF UP TO 125 PEOPLE, AS WELL AS A BLACK-BOX THEATER FOR AUDIENCES OF UP TO 400 PEOPLE. CROSSTOWN ARTS' MUSIC PROGRAMMING FOCUSES ON LIVE PERFORMANCES BY MEMPHIS-BASED MUSICIANS, AS WELL AS NATIONALLY AND INTERNATIONALLY RENOWNED TOURING MUSICIANS SEEKING TO PERFORM IN THESE EXTRAORDINARILY INTIMATE VENUES, WHICH WERE DESIGNED TO PROVIDE A PREMIERE SONIC EXPERIENCE FOR THE AUDIENCE. THE THEATER IS EQUIPPED WITH STATE-OF-THE-ART AUDIO AND A DCP DIGITAL PROJECTION SYSTEM THAT SUPPORTS CROSSTOWN ARTS' ARTHOUSE FILM PROGRAMMING, WHICH INCLUDES COLLABORATIVE LIVE MUSIC SCORES FOR FILM SCREENINGS. 216131 92553 CROSSTOWN ARTS MANAGES A VARIETY OF MULTIDISCIPLINARY AND COLLABORATIVE PRODUCTION SPACES THAT ARE THE CORE ELEMENTS OF THE RESIDENCY PROGRAM, WHICH HOSTS OVER 60 MEMPHIS-BASED AND VISITING ARTISTS AND MUSICIANS, WORKING IN ANY MEDIUM, EACH YEAR. THE RESIDENCY PROGRAM OFFERS ACCEPTED RESIDENTS THE GIFT OF UNINTERRUPTED TIME AND SPACE TO WORK ON THEIR CREATIVE PROJECTS BY PROVIDING STUDIO WORK SPACES, SEPARATE INDIVIDUAL AND FAMILY RESIDENTIAL HOUSING VIA ON-SITE APARTMENTS, AND MEALS, AT NO COST TO RESIDENTS. THESE ARTISTS, MUSICIANS, COMPOSERS, PHOTOGRAPHERS, FILMMAKERS, WRITERS, AND DANCERS ARE ABLE TO SPEND DEDICATED TIME ON THEIR WORK, IN WHATEVER CAPACITY THEY CHOOSE, WHILE PARTICIPATING IN THE RESIDENCY PROGRAM. NO EXHIBITIONS OR PERFORMANCES ARE REQUIRED OF THE RESIDENTS, BUT THEY ARE INVITED TO SHARE THEIR WORK THROUGH ARTIST TALKS AND A PUBLIC OPEN STUDIO NIGHT DURING EACH RESIDENCY SESSION.PARTICIPANTS IN THE RESIDENCY PROGRAM HAVE ACCESS TO PRODUCTION RESOURCES AND FACILITIES THAT INCLUDE A FULL-SCALE WOODSHOP, A CNC MACHINE, A LASER CUTTER, LARGE-FORMAT DIGITAL PRINTERS, HIGH-END SCANNERS, DIGITAL LABS WITH ALL MAJOR MUSIC/SOUND/DESIGN/VIDEO EDITING SOFTWARE, SCREEN PRINTING, AND MORE. THESE PRODUCTION RESOURCES ARE ALSO AVAILABLE TO ANY NON-RESIDENT ARTISTS AND MUSICIANS IN MEMPHIS FOR A LOW MONTHLY FEE. 1290854 15900 DEPRECIATION, RENT, MUSICIAN SERVICES, PUBLIC ENGAGEMENT 1290854 15900 4625509 true true false false false false false false false true false false true true false false true false false false false false false false false false false false false false false false false false false false false false false false false true false false false false true 149 0 true 31 true false false false false false false false false false false false false X 7 7 false false false false false false false true true false false false true true true true true true true false TN X X JANICE EARHEART 9015078030 1350 CONCOURSE AVENUE NO 280 MEMPHIS TN 38104 Ken Steorts Secretary 2.0 X X 0 0 0 Richard Lou Chair 2.0 X X 0 0 0 Barbara L Deans Board Director 1.0 X 0 0 0 Derwin Sisnett Board Director 1.0 X 0 0 0 Elliot Perry Board Director 2.0 X 0 0 0 McLean Wilson Board Director 1.0 X 0 0 0 Steve Dunavant Board Director 2.0 X 0 0 0 Stacy Wright Executive Director 55.0 X 100000 0 6600 100000 0 6600 0 false false false 0 2544389 2544389 Concourse Revenue 900099 577836 577836 Residency & Shared Art Making 900099 432481 432481 Event Revenue 900099 202319 202319 Sync Revenue 900099 15900 15900 0 0 0 0 1228536 1173173 1173173 72362 164916 -92554 0 -92554 -92554 1613 0 1613 1613 1613 378768 370718 8050 8050 OTHER INCOME 900099 1348 1348 0 0 0 0 1348 4864555 1236586 0 1083580 100000 55000 25000 20000 721410 454589 253573 13248 122326 72450 45128 4748 56479 56479 60740 753 59987 0 318348 298011 20337 13331 7019 6312 744824 743490 1334 4175 4175 1592503 1587269 5234 775272 775272 89741 1637 88104 DIRECT PROGRAMMING EXPENSE 488814 488814 Repairs and Maintenance 289705 9497 280208 SUPPLIES 111594 71054 36484 4056 Other 274 274 0 0 0 0 5489536 4625509 801638 62389 1040245 874163 102699 56195 0 0 0 0 24255578 78063928 8437 8437 116081 31398 19408114 5268134 16872888 14139980 0 0 6531515 7138681 48927443 100312782 267332 166236 11802553 11826891 0 0 21788293 21335503 11422489 31562240 45280667 64890870 X 3530345 35356396 116431 65516 3646776 35421912 48927443 100312782 X -624981 32400117 X false true X true false X 3351514 2863160 3188781 2700228 2544389 14648072 0 0 3351514 2863160 3188781 2700228 2544389 14648072 0 14648072 894064 792154 960854 1739825 1173173 5560070 0 0 0 0 0 0 0 20208142 4438480 0.7249 0.7561 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 20000 20000 12195835 3313850 8881985 6192401 1682598 4509803 996645 270808 725837 3233 878 2355 14139980 interest rate swap asset 561985 ROU Assets 2990168 miscellaneous receivables 40694 deposits accrued interest receivable 3545834 7138681 accrued interest payable 7225406 security deposits 11031 lease liability 4325803 Note payable to Crosstown Master Tenant 20000000 31562240 5535066 670511 670511 4864555 0 0 4864555 6025170 535634 535634 5489536 0 0 5489536 Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 Interest rate swap - 134877 Cost of Goods Sold - 370718 Rental expense - 164916 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 Cost of Goods Sold - 370718 Rental Expense - 164916 Form 990, Part III, Line 4d OTHER PROGRAM SERVICES: DEPRECIATION, RENT, MUSICIAN SERVICES, PUBLIC ENGAGEMENT Form 990, Part III, Line 4d Description of other program services (Expenses $ 1,290,854 including grants of $)(Revenue $ 15,900) DEPRECIATION, RENT, MUSICIAN SERVICES, PUBLIC ENGAGEMENT Form 990, Part VI, Line 11b Review of form 990 by governing body A COPY IS SENT VIA EMAIL TO THE BOARD FOR REVIEW AND APPROVAL, PRIOR TO FILING. Form 990, Part VI, Line 12c Conflict of interest policy ADOPTED POLICY. THE POLICY REQUIRES A BOARD MEMBER TO PROVIDE RELEVANT INFORMATION TO THE FULL BOARD IF THE AFFECTED BOARD MEMBER BELIEVES THAT A POTENTIAL CONFLICT HAS ARISEN WITH THE POTENTIAL CONFLICT RESOLVED BY A VOTE OF THE FULL BOARD EXCLUSIVE OF THE MEMBER IN QUESTION. Form 990, Part VI, Line 15a Process to establish compensation of top management official THE BOARD OF DIRECTORS USES INDEPENDENT DATA, COMPARISON OF COMPENSATION FROM SIMILAR NOT FOR PROFIT ORGANIZATIONS AND OTHER RESOURCES TO ESTABLISH COMPENSATION FOR ALL EMPLOYEES. Form 990, Part VI, Line 15b Process to establish compensation of other employees THE BOARD OF DIRECTORS USES INDEPENDENT DATA, COMPARISON OF COMPENSATION FROM SIMILAR NOT FOR PROFIT ORGANIZATIONS AND OTHER RESOURCES TO ESTABLISH COMPENSATION FOR ALL EMPLOYEES. Form 990, Part VI, Line 19 Required documents available to the public COPIES OF THE FORMS FOR PUBLIC INSPECTION ARE AVAILABLE UPON REQUEST. Form 990, Part XI, Line 9 Other changes in net assets or fund balances Assignment to Crosstown Redevelopment Cooperative Association - 32265240; Gain on interest rate swap - 134877; Form 990, Part XII, Line 2c THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. CITY IMPACT LLC 1350 CONCOURSE AVENUE NO 280 MEMPHIS TN 38104 260586701 TO MAINTAIN AND ISOLATE INVESTMENT ASSETS FOR LIABILITY PURPOSES TN 72364 0 Crosstown Arts RIVER CITY RENTAL HOUSING LLC 1350 CONCOURSE AVENUE NO 280 MEMPHIS TN 38104 261132467 TO MAINTAIN AND ISOLATE INVESTMENT ASSETS FOR LIABILITY PURPOSES TN 169047 169047 Crosstown Arts SUSTAINING THE ARTS LLC 1350 CONCOURSE AVENUE NO 280 MEMPHIS TN 38104 TO MAINTAIN AND ISOLATE INVESTMENT ASSETS FOR LIABILITY PURPOSES TN 0 0 Crosstown Arts LOST IN THE COSIMOS LLC 1350 CONCOURSE AVENUE NO 280 MEMPHIS TN 38104 TO OBTAIN ADDITIONAL FUNDING FOR DEVELOPMENT TN 357956 11035680 Crosstown Arts CROSSTOWN MEMHIS INVESTMENT FUND LLC 1350 CONCOURSE AVENUE NO 280 Memphis TN 38104 TO OBTAIN ADDITIONAL FUNDING FOR DEVELOPMENT TN 0 53808350 CROSSTOWN ARTS