Shake Rag Alley Inc
- Assets
- $1.1m
- Revenue
- $246.5k
- Investments
- $0.0
- Employees
- 12
- Location
- Mineral Point, WI
- Founding
- 01/2005
- Data as of
- 12/2020
- EIN
- 26-0094618
Organization Overview
Shake Rag Alley Inc is located in Mineral Point, WI. The organization was established in 2005. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Shake Rag Alley Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shake Rag Alley 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 12/2020, Shake Rag Alley Inc generated $246.5k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $239.3k during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EDUCATIONAL EXPERIENCES IN VISUAL, PERFORMING, AND LITERARY ARTS FOR ADULTS AND CHILDREN;CULTIVATE THE CREATIVITY THAT THRIVES IN OUR RURAL COMMUNITY;AND REHABILITATE AND PRESERVE OUR HISTORIC BUILDINGS AND CAMPUS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTIONAL WORKSHOP EDUCATION IN A VARIETY OF ARTS AND CRAFT MEDIA. PROVIDE ADULT EDUCATION CLASSES AND SUMMER CHILDREN'S ART CLASSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lorraine Reynolds President | OfficerTrustee | 0.6 | $2,882 |
Deb Donaghue Treasurer | OfficerTrustee | 0.42 | $0 |
Julie Marr Vice Preside | OfficerTrustee | 0.4 | $0 |
Betty Hogan Secretary | OfficerTrustee | 0.27 | $0 |
Mike Christensen Director | Trustee | 0.65 | $0 |
Molly Walz Huie Director | Trustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $110,151 |
| Investment income | $976 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,611 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$1,991 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $448 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $246,535 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $90,656 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,834 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,041 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,811 |
| Office expenses | $3,395 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,918 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $9,986 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $28,112 |
| Insurance | $9,561 |
| All other expenses | $0 |
| Total functional expenses | $239,260 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,241 |
| Savings and temporary cash investments | $141,180 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $2,279 |
| Investments—publicly traded securities | $41,820 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $169 |
| Total assets | $1,092,624 |
| Accounts payable and accrued expenses | $4,114 |
| Grants payable | $0 |
| Deferred revenue | $17,453 |
| 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 | $327,622 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $349,189 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $743,435 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Shake Rag Alley Inc has recieved totaling $287.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $237 |
Lincoln Financial Foundation Inc Radnor, PA PURPOSE: MATCHING GIFT | $50 |
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|---|---|---|
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Pioneer Home Incorporated Fergus Falls, MN | $18,276,562 | $17,034,682 |
Steel Founders Society Of America Crystal Lake, IL | $6,567,517 | $7,560,615 |
Colonel Il James N Pritzker Library For The Citizen Soldier Chicago, IL | $30,735,848 | $6,408,136 |
Hoyt Sherman Place Foundation Des Moines, IA | $25,209,028 | $4,318,549 |
American Opinion Foundation Inc Appleton, WI | $4,682,811 | $5,136,878 |
Old Tiger Stadium Conservancy Detroit, MI | $90,494 | $3,111,920 |
Clover Fields Preservation Foundation Inc Minneapolis, MN | $10,552,332 | $5,740,196 |
Frank Lloyd Wright Trust Chicago, IL | $6,763,209 | $2,823,161 |
Chicago Police Memorial Foundation Chicago, IL | $19,000,783 | $6,539,777 |