Milwaukee Youth Arts Center Inc
- Assets
- $17.0m
- Revenue
- $870.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 04/2003
- Data as of
- 06/2022
- 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 06/2022, Milwaukee Youth Arts Center Inc generated $870.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $1.5m during the year ending 06/2022. While expenses have increased by 8.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2022
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 |
|---|---|---|---|
Bradley Bingheim Facility And Operations Director (thru Aug) | Officer | 40 | $0 |
Del Wilson Executive Director (thru Jun), Director | OfficerTrustee | 40 | $0 |
William Mortimore Chair | OfficerTrustee | 5 | $0 |
Joel Nettesheim Treasurer | OfficerTrustee | 1 | $0 |
Kent Tess Mattner Secretary | OfficerTrustee | 1 | $0 |
Kathy Burke Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
First Stage Milwaukee Inc Management Services | 6/29/19 | $273,538 |
Fund Development Corporation Fundraising Consultant | 6/29/19 | $195,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $230,000 |
| Government grants | $57,502 |
| All other contributions, gifts, grants, and similar amounts not included above | $46,332 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $333,834 |
| Total Program Service Revenue | $424,366 |
| Investment income | $70,721 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $41,226 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $870,405 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $335,334 |
| Fees for services: Legal | $863 |
| Fees for services: Accounting | $38,483 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,111 |
| Fees for services: Other | $9,697 |
| Advertising and promotion | $0 |
| Office expenses | $79,741 |
| Information technology | $313 |
| Royalties | $0 |
| Occupancy | $432,758 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $90,509 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $469,453 |
| Insurance | $27,020 |
| All other expenses | $50 |
| Total functional expenses | $1,491,332 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,804 |
| Savings and temporary cash investments | $441,396 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $93,515 |
| 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 | $1,800 |
| Net Land, buildings, and equipment | $14,782,242 |
| Investments—publicly traded securities | $1,601,162 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $82,627 |
| Total assets | $17,030,546 |
| Accounts payable and accrued expenses | $40,778 |
| 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 | $8,055,046 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $150,782 |
| Total liabilities | $8,246,606 |
| Net assets without donor restrictions | $8,458,332 |
| Net assets with donor restrictions | $325,608 |
| 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 | $17,030,546 |