Shiawassee Arts Council
- Assets
- $1.1m
- Revenue
- $442.0k
- Investments
- $0.0
- Employees
- 7
- Location
- Owosso, MI
- Founding
- 06/1974
- Data as of
- 12/2021
- EIN
- 23-7320335
Organization Overview
Shiawassee Arts Council is located in Owosso, MI. The organization was established in 1974. 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 12/2021, Shiawassee Arts Council employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shiawassee Arts Council 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, Shiawassee Arts Council generated $442.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $360.5k during the year ending 12/2021. While expenses have increased by 6.5% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE SHIAWASSEE ARTS COUNCIL IS TO PRESENT QUALITY ARTS AND CULTURAL ACTIVITIES THAT EDUCATE, ENTERTAIN, AND ENHANCE THE QUALITY OF LIFE IN OUR COMMUNITY. THE SHIAWASSEE ARTS CENTER IS A NON-PROFIT 501 (C) (3) ORGANIZATION AND ALL PROCEEDS BENEFIT CHILDREN AND ADULTS IN OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION HAS A PERMANENT EXHIBIT FOR PUBLIC VIEWING. SPECIAL EVENTS THROUGHOUT THE YEAR ENCOURAGE COMMUNITY INVOLVEMENT AND AWARENESS OF THE ARTS. GALLERY SALES GIVE ESTABLISHED ARTISTS AN OPPORTUNITY TO DISPLAY THEIR ARTWORK, WHILE GIVING THE PUBLIC THE OPPORTUNITY TO VIEW AND PURCHASE ARTWORK.
THE ORGANIZATION OFFERS CLASSES IN VARIOUS TYPES OF ART MEDIA, TO YOUTH, ADOLESCENT, AND ADULT AGE GROUPS.
COMPETITIONS ARE HELD ALLOWING ARTISTS OF ALL AGES TO SHOWCASE THEIR TALENTS.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $29,937 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $251,200 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,677 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $290,814 |
| Total Program Service Revenue | $109,532 |
| Investment income | $36,838 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $906 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $441,952 |
| 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 | $193,714 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,394 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,022 |
| Office expenses | $10,417 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,671 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,995 |
| Insurance | $6,611 |
| All other expenses | $15,382 |
| Total functional expenses | $360,507 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $228,188 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $63,361 |
| Accounts receivable, net | $14,635 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $7,278 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $26,894 |
| Investments—publicly traded securities | $410,521 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $326,200 |
| Total assets | $1,077,077 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $87,150 |
| Total liabilities | $87,150 |
| Net assets without donor restrictions | $454,786 |
| Net assets with donor restrictions | $535,141 |
| 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 | $1,077,077 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Shiawassee Arts Council has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Michigan Humanities Council Okemos, MI PURPOSE: REGRANT EXPENDITURE | $15,000 |
Endowment Analysis
| Beg. Balance | $463,794 |
| Earnings | $36,839 |
| Ending Balance | $500,633 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greater Columbus Arts Council Inc Columbus, OH | $9,747,669 | $12,867,365 |
Arts Council Of Indianapolis Inc Indianapolis, IN | $8,597,633 | $5,263,250 |
Arts United Of Greater Fort Wayne Fort Wayne, IN | $21,534,301 | $3,773,379 |
Indiana Humanities Council Inc Indianapolis, IN | $8,992,568 | $3,654,687 |
Arts Commission Of Greater Toledo Inc Toledo, OH | $2,952,895 | $2,261,161 |
Performing Arts Foundation Inc Wausau, WI | $2,793,768 | $2,598,770 |
Crooked Tree Arts Council Inc Petoskey, MI | $8,078,138 | $2,057,244 |
Fitton Center For Creative Arts Hamilton, OH | $3,761,863 | $1,165,513 |
Greater Flint Arts Council Flint, MI | $719,952 | $1,340,904 |
Culture Works Dayton, OH | $3,279,032 | $1,173,944 |
Arts League Of Michigan Inc Detroit, MI | $1,339,389 | $1,259,727 |
Kalamazoo Arts Council Inc Kalamazoo, MI | $1,347,014 | $1,153,403 |