Buchanan Art Center Inc
- Assets
- $497.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Buchanan, MI
- Founding
- 11/2004
- Data as of
- 12/2023
- 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 12/2023, Buchanan Art Center Inc generated $128.7k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $127.2k during the year ending 12/2023. While expenses have increased by 4.7% per year over the past 9 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 |
|---|---|---|---|
David Ball President | 0 | $0 | |
Marjorie Trapp Vice President | 0 | $0 | |
Alice Kring Director | 0 | $0 | |
Molly Muchow Director | 0 | $0 | |
Mary Ankrapp Director | 0 | $0 | |
Mary Lister Executive Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $50,607 |
| Total Program Service Revenue | $69,488 |
| Membership dues | $7,385 |
| Investment income | $832 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $344 |
| Other Revenue | $0 |
| Total Revenue | $128,656 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $75 |
| Salaries, other compensation, and employee benefits | $33,641 |
| Professional fees and other payments to independent contractors | $15,025 |
| Occupancy, rent, utilities, and maintenance | $22,120 |
| Printing, publications, postage, and shipping | $222 |
| Other expenses | $56,127 |
| Total expenses | $127,210 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $101,877 |
| Other assets | $0 |
| Total assets | $497,029 |
| Total liabilities | $10,906 |
| Net assets or fund balances | $486,123 |