Krasl Art Center Inc
- Assets
- $10.2m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 22
- Location
- St Joseph, MI
- Founding
- 06/1971
- Data as of
- 09/2023
- EIN
- 23-7009281
Organization Overview
Krasl Art Center Inc is located in St Joseph, MI. The organization was established in 1971. According to its NTEE Classification (A51) the organization is classified as: Art Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2023, Krasl Art Center Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Krasl 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 09/2023, Krasl Art Center Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $1.5m during the year ending 09/2023. While expenses have increased by 5.2% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE STUDY OF ART, ART HISTORY, AND THE ACQUISITION OF WORKS OF ART BY PUBLICE, PRIVATE, AND INDIVIDUAL COLLECTORS. TO PROVIDE COMMUNICATION AND AESTHETIC APPRECIATION OF THE VISUAL FINE ARTS THROUGH EDUCATION AND MAINTIANING AN EXHIBITION FACILITY THAT IS REGULARLY OPEN TO THE PUBLIC IN SOUTHWESTERN MICHIGAN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTING ARTISTS: KRASL ART CENTER PROVIDES OPPORTUNITIES FOR VISUAL ARTISTS TO SELL THEIR ONE-OF-A-KIND ARTWORKS THROUGH SUMMER ART MARKETS, ITS NATIONALLY RANKED ANNUAL ART FAIR, AND ITS GIFT SHOP WHICH FOCUSES ON ARTIST MADE GOODS, AS WELL AS OTHER SPECIAL EVENTS THROUGHOUT THE YEAR. KRASL ALSO EMPLOYS ARTISTS AS FACULTY FOR ITS ROBUST OFFERING OF STUDIO CLASSES YEAR ROUND.
THE ORGANIZATION OFFERS OTHER PROGRAM SERVICES INCLUDING MUSIC, ART SHOP, AND ARTISAN MARKET.
CURATORIAL - THE ORGANIZATION FEATURES EXCEPTIONAL FINE ART EXHIBITIONS THROUGHOUT THE YEAR INCLUDING HISTORICAL AND CONTEMPORARY ART IN ITS MAIN GALLERIES, AND INSTALLATION-BASED IMMERSIVE EXPERIENCES IN THE LAB. ADDITIONALLY, CONTEMPORARY SCULPTURE FROM THE ORGANIZATION'S PERMANENT COLLECTION IS SHOWCASED 24 HOURS A DAY, 365 DAYS OF THE YEAR IN OUTDOOR LOCATIONS ON THE CENTER'S GROUNDS, AT LOCAL COLLEGE CAMPUSES AS WELL AS CITY AND COUNTY PARKS FROM NEW BUFFALO TO SOUTH HAVEN, MICHIGAN.
ART EDUCATION - THE ORGANIZATION PROVIDES STUDIO ART CLASSES IN A VARIETY OF MEDIA TO INDIVIDUALS OF ALL AGES AND SKILL SETS. HOMESCHOOLERS, PUBLIC SCHOOL STUDENTS, ADULTS AND SENIORS REGISTER AND ARE ELIGIBLE FOR SCHOLARSHIP FUNDS TO ATTEND. THE KAC OFFERS WEEKLY GALLERY TOURS, FREE MONTHLY FAMILY DAYS AND BIANNUAL STUDIO OPEN HOUSES. IT PARTNERS WITH LOCAL SCHOOLS, YOUTH PROGRAMS, PROFESSIONAL GROUPS AND ARTS AND CULTURE ORGANIZATIONS TO PROVIDE PROGRAMS SUCH AS THE COASTLINE CHILDERN'S FILM FESTIVAL, COMMUNITY STUDENT ART EXHIBITIONS, THE YOUTH ARTS SHOWCASE AND PECHA KUCHA. THE KAC ALSO PROVIDES INTEGRAL ART OUTREACH THROUGH PROGRAMS LIKE ART ANGELS, SERVING MEDICAL PATIENTS. PROGRAMS ARE OFFERED ON SITE, VIRTUALLY AND AS TAKE HOME OPTIONS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Edlefson President | OfficerTrustee | 5 | $0 |
Grace Kelmer Vice President | OfficerTrustee | 5 | $0 |
Paul Fletcher Secretary | OfficerTrustee | 5 | $0 |
Steve Wessell Treasurer | OfficerTrustee | 5 | $0 |
Budd Haemer Director | Trustee | 1 | $0 |
Alan Corkhill Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $103,887 |
| All other contributions, gifts, grants, and similar amounts not included above | $710,782 |
| Noncash contributions included in lines 1a–1f | $168,255 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $814,669 |
| Total Program Service Revenue | $391,295 |
| Investment income | $55,994 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $35,758 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,297,716 |
| 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. | $103,075 |
| Compensation of current officers, directors, key employees. | $36,076 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $506,506 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $39,374 |
| Payroll taxes | $45,573 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,280 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $18,861 |
| Fees for services: Other | $63,104 |
| Advertising and promotion | $20,702 |
| Office expenses | $103,530 |
| Information technology | $27,183 |
| Royalties | $0 |
| Occupancy | $84,648 |
| Travel | $9,217 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,302 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $168,428 |
| Insurance | $23,029 |
| All other expenses | $22,584 |
| Total functional expenses | $1,497,720 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,245 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $18,948 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $19,805 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,135,470 |
| Investments—publicly traded securities | $3,316,008 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,661,941 |
| Total assets | $10,181,417 |
| Accounts payable and accrued expenses | $66,875 |
| Grants payable | $0 |
| Deferred revenue | $25,000 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $91,875 |
| Net assets without donor restrictions | $6,507,080 |
| Net assets with donor restrictions | $3,582,462 |
| 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 | $10,181,417 |