Milwaukee Youth Arts Center Inc
- Assets
- $19.5m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 04/2003
- Data as of
- 06/2021
- EIN
- 11-3665475
Organization Overview
Milwaukee Youth Arts Center Inc is located in Milwaukee, WI. The organization was established in 2003. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Milwaukee Youth Arts Center Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Milwaukee Youth Arts Center Inc generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.4% each year . All expenses for the organization totaled $11.8m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE AS AN ARTS EDUCATION SETTING, ALLOWING FOR THE HIGHEST QUALITY TRAINING IN MUSIC AND THEATRE AND SERVING AS A RESOURCE FOR OTHER ARTS ORGANIZATIONS IN THE REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO BE AN ARTS EDUCATION SETTING, ALLOWING FOR THE HIGHEST QUALITY TRAINING IN MUSIC AND THEATRE AND SERVING AS A RESOURCE FOR OTHER ARTS ORGANIZATIONS IN THE REGION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joel Nettesheim Treasurer | OfficerTrustee | 1 | $0 |
William Mortimore President | OfficerTrustee | 5 | $0 |
Kent Tess Mattner Secretary | OfficerTrustee | 1 | $0 |
Del Wilson Executive Director | Officer | 40 | $0 |
Bradley Bingheim Facility And Operations Director | Officer | 40 | $0 |
Kathy Burke Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fund Development Corporation Fundraising Consultant | 6/29/19 | $195,000 |
First Stage Milwaukee Inc Management Services | 6/29/19 | $273,538 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $437,451 |
| Government grants | $148,603 |
| All other contributions, gifts, grants, and similar amounts not included above | $558,199 |
| Noncash contributions included in lines 1a–1f | $50,086 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,144,253 |
| Total Program Service Revenue | $290,712 |
| Investment income | $36,521 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $14,493 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,487,635 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,645,812 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $332,816 |
| Fees for services: Legal | $1,170 |
| Fees for services: Accounting | $9,867 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $105,000 |
| Fees for services: Investment Management | $9,544 |
| Fees for services: Other | $1,604 |
| Advertising and promotion | $0 |
| Office expenses | $71,425 |
| Information technology | $1,301 |
| Royalties | $0 |
| Occupancy | $320,697 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $122 |
| Interest | $4,104 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $297,278 |
| Insurance | $14,914 |
| All other expenses | $12,668 |
| Total functional expenses | $11,834,259 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,991 |
| Savings and temporary cash investments | $6,167,067 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $71,132 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,783 |
| Net Land, buildings, and equipment | $11,216,668 |
| Investments—publicly traded securities | $1,952,806 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $32,573 |
| Total assets | $19,493,020 |
| Accounts payable and accrued expenses | $1,532,930 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $8,046,839 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $119,279 |
| Total liabilities | $9,699,048 |
| Net assets without donor restrictions | $9,390,621 |
| Net assets with donor restrictions | $403,351 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $19,493,020 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Milwaukee Youth Arts Center Inc has recieved totaling $110,100.
| Awarding Organization | Amount |
|---|---|
Stephens Family Foundation Inc Shorewood, WI PURPOSE: EDUCATION | $50,000 |
The Lakeview Foundation Inc Thiensville, WI PURPOSE: GENERAL SUPPORT | $40,000 |
Four-Four Foundation Inc New York, NY PURPOSE: GENERAL | $20,000 |
George L N Meyer Family Foundation Inc Milwaukee, WI PURPOSE: EDUCATION | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Public Media Group St Paul, MN | $192,023,056 | $29,866,747 |
Milwaukee Youth Arts Center Inc Milwaukee, WI | $19,493,020 | $1,487,635 |
United Performing Arts Fund Inc Milwaukee, WI | $14,391,026 | $9,375,574 |
Arts Midwest Minneapolis, MN | $13,049,827 | $7,597,060 |
Bravo Greater Des Moines Inc Des Moines, IA | $3,545,703 | $5,885,208 |
Arts Partnership Saint Paul, MN | $39,537,439 | $5,290,504 |
Robert Allerton Trust Under Will Dated April 15 1964 Chicago, IL | $38,402,099 | $3,836,329 |
Gretchen C Valade Endownment For The Arts Grosse Pointe Farms, MI | $243,795 | $701,832 |
Ros Foundation Greenfield, WI | $30,196,896 | $3,469,836 |
Lithuanian Foundation Lemont, IL | $53,188,345 | $6,129,593 |
David C & Sarajean Ruttenberg Arts Foundation Chicago, IL | $0 | $66,826 |
Richard & Ellen Sandor Art Foundation Chicago, IL | $0 | $3,100 |