Buchanan Art Center Inc
- Assets
- $357.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Buchanan, MI
- Founding
- 11/2004
- Data as of
- 12/2021
- EIN
- 20-1218119
Organization Overview
Buchanan Art Center Inc is located in Buchanan, MI. The organization was established in 2004. According to its NTEE Classification (A51) the organization is classified as: Art Museums, 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. Buchanan Art 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 12/2021, Buchanan Art Center Inc generated $94.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $84.7k during the year ending 12/2021. While expenses have increased by 0.1% 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nana Mahar President | 0 | $0 | |
Mary Ankrapp Vice Preside | 0 | $0 | |
Valari Regan Secretary | 0 | $0 | |
Roxanne Gunter Treasurer | 0 | $0 | |
Marjorie Trapp Trustee | 0 | $0 | |
Sue Glossinger Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $57,873 |
| Total Program Service Revenue | $31,835 |
| Membership dues | $0 |
| Investment income | $92 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $4,368 |
| Total Revenue | $94,168 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $19,156 |
| Professional fees and other payments to independent contractors | $3,322 |
| Occupancy, rent, utilities, and maintenance | $24,242 |
| Printing, publications, postage, and shipping | $1,603 |
| Other expenses | $36,373 |
| Total expenses | $84,696 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $34,612 |
| Other assets | $0 |
| Total assets | $357,547 |
| Total liabilities | $715 |
| Net assets or fund balances | $356,832 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Buchanan Art Center Inc has recieved totaling $42,400.
| Awarding Organization | Amount |
|---|---|
Michigan Gateway Comm Foundation Buchanan, MI PURPOSE: AGENCY GRANTS | $42,368 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $32 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John Huntington Art & Polytechnic Tr Cleveland, OH | $134,688,641 | $10,635,199 |
Dayton Art Institute Dayton, OH | $42,942,635 | $5,850,007 |
Grand Rapids Art Museum Grand Rapids, MI | $63,932,796 | $12,119,660 |
Taft Museum Of Art Cincinnati, OH | $54,566,768 | $7,451,068 |
Akron Art Museum Akron, OH | $58,514,760 | $4,858,452 |
Contemporary Arts Center Cincinnati, OH | $39,344,617 | $3,979,830 |
Butler Institute Of American Art Youngstown, OH | $88,830,217 | $5,561,162 |
Kalamazoo Institute Of Arts Kalamazoo, MI | $37,022,410 | $4,067,933 |
Madison Museum Of Contemporary Art Inc Madison, WI | $15,382,994 | $2,302,239 |
Fort Wayne Museum Of Art Inc Fort Wayne, IN | $14,143,825 | $4,976,518 |
Paine Art Center & Gardens Inc Oshkosh, WI | $23,894,891 | $2,871,435 |
Templearts Saginaw, MI | $24,720,912 | $2,521,932 |