Shake Rag Alley Inc
- Assets
- $1.1m
- Revenue
- $497.1k
- Investments
- $0.0
- Employees
- 11
- Location
- Mineral Point, WI
- Founding
- 01/2005
- Data as of
- 12/2023
- 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 12/2023, Shake Rag Alley Inc employed 11 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 12/2023, Shake Rag Alley Inc generated $497.1k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $471.5k during the year ending 12/2023. While expenses have increased by 8.9% 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
2023
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 |
|---|---|---|---|
Mike Christensen President | OfficerTrustee | 2 | $0 |
David Southward Vice President | OfficerTrustee | 1 | $0 |
Deb Donaghue Treasurer | OfficerTrustee | 1 | $0 |
Julie Whelan Capell Secretary | OfficerTrustee | 1 | $0 |
Kevin Clougherty Director | Trustee | 1 | $0 |
Joy Gieseke Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $182,050 |
| Noncash contributions included in lines 1a–1f | $13,700 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $182,050 |
| Total Program Service Revenue | $247,907 |
| Investment income | $5,653 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $32,053 |
| Net Gain/Loss on Asset Sales | -$29 |
| Net Income from Fundraising Events | $16,400 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,601 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $497,144 |
| 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 | $162,453 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,562 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,625 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $18,945 |
| Office expenses | $7,723 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $46,117 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,173 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $34,283 |
| Insurance | $12,545 |
| All other expenses | $5,867 |
| Total functional expenses | $471,523 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $111,907 |
| Savings and temporary cash investments | $16,281 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $373 |
| 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 | $0 |
| Net Land, buildings, and equipment | $793,393 |
| Investments—publicly traded securities | $185,233 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $102 |
| Total assets | $1,107,289 |
| Accounts payable and accrued expenses | $9,214 |
| 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 | $278,819 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $288,033 |
| Net assets without donor restrictions | $707,555 |
| Net assets with donor restrictions | $111,701 |
| 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 | $1,107,289 |