Crooked Tree Arts Council Inc
- Assets
- $8.2m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 21
- Location
- Petoskey, MI
- Founding
- 09/1972
- Data as of
- 03/2024
- EIN
- 23-7187264
Organization Overview
Crooked Tree Arts Council Inc is located in Petoskey, MI. The organization was established in 1972. According to its NTEE Classification (A26) the organization is classified as: Arts & Humanities Councils & Agencies, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 03/2024, Crooked Tree Arts Council Inc employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Crooked Tree Arts Council 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 03/2024, Crooked Tree Arts Council Inc generated $2.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $2.2m during the year ending 03/2024. While expenses have increased by 0.0% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
ORGANIZATION'S MISSION IS TO CREATE WAYS FOR PEOPLE TO CONNECT, LEARN, AND GROW THROUGH THE ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION CLASSES - 436 MUSIC, ARTS, DANCE AND THEATRE CLASSES PROVIDED IN 2023 AND ATTENDED BY 2,222 STUDENTS.
VISUAL ARTS SHOWS - PUBLIC DISPLAYS OF 34 DIFFERENT EXHIBITIONS AND ART SHOWS IN PETOSKEY AND TRAVERSE CITY IN 2023.
PERFORMING ARTS PROGRAMS - THERE WERE 68 MUSICAL, DANCE AND THEATRICAL PROGRAMS IN 2023 ATTENDED BY 5,035 PATRONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sue Bingham Director | Trustee | 2 | $0 |
Ed Boyer Director | Trustee | 2 | $0 |
Rob Harold Director | Trustee | 2 | $0 |
Steve Fritz Director | Trustee | 2 | $0 |
Celia Sinclair Director | Trustee | 2 | $0 |
Jennifer Tobias Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $201,880 |
| Fundraising events | $163,931 |
| Related organizations | $0 |
| Government grants | $201,381 |
| All other contributions, gifts, grants, and similar amounts not included above | $614,761 |
| Noncash contributions included in lines 1a–1f | $163,931 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,181,953 |
| Total Program Service Revenue | $444,294 |
| Investment income | $155,817 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $47,563 |
| Net Income from Fundraising Events | $333,866 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $56,270 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,236,047 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $55,958 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $101,311 |
| Compensation of current officers, directors, key employees. | $20,262 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $762,646 |
| Pension plan accruals and contributions | $28,489 |
| Other employee benefits | $67,097 |
| Payroll taxes | $66,913 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $35,000 |
| Fees for services: Investment Management | $25,040 |
| Fees for services: Other | $220,882 |
| Advertising and promotion | $49,202 |
| Office expenses | $24,568 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $55,308 |
| Travel | $9,605 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $17,255 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $141,436 |
| Insurance | $15,942 |
| All other expenses | $55,708 |
| Total functional expenses | $2,166,112 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $318,607 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $225,080 |
| Accounts receivable, net | $6,190 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $17,224 |
| Prepaid expenses and deferred charges | $32,847 |
| Net Land, buildings, and equipment | $2,433,802 |
| Investments—publicly traded securities | $5,032,685 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $9,866 |
| Other assets | $173,373 |
| Total assets | $8,249,674 |
| Accounts payable and accrued expenses | $97,396 |
| Grants payable | $0 |
| Deferred revenue | $384,040 |
| 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 | $150,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $92,144 |
| Total liabilities | $723,580 |
| Net assets without donor restrictions | $3,777,518 |
| Net assets with donor restrictions | $3,748,576 |
| 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 | $8,249,674 |