Madlab
- Assets
- $464.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Columbus, OH
- Founding
- 03/1999
- Data as of
- 06/2021
- EIN
- 31-1635762
Organization Overview
Madlab is located in Columbus, OH. The organization was established in 1999. According to its NTEE Classification (A61) the organization is classified as: Performing Arts Centers, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Madlab 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 06/2021, Madlab generated $77.9k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $55.6k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (5.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
PERFORMING ARTS PROGRAM: MAINTAIN PERFORMANCE SPACE THAT OFFERS NEW ARTISTS A LOW-COST FURUM TO PRESENT ORIGINALWORK AND COMMUNITY MEMBERS A LOW-COST OPPORTUNITY TO PARTICIPATE IN THE ORIGINAL CREATION OF ART AND IDEAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marianne Dean Chair Of The | 2 | $0 | |
William Macke Member At La | 3 | $0 | |
Bruce Coates Member At La | 1 | $0 | |
Eric Myers Member At La | 5 | $0 | |
Brad Shimp Treasurer/se | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $55,714 |
| Total Program Service Revenue | $10,909 |
| Membership dues | $0 |
| Investment income | $11,248 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $77,871 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,564 |
| Occupancy, rent, utilities, and maintenance | $30,430 |
| Printing, publications, postage, and shipping | $30 |
| Other expenses | $23,553 |
| Total expenses | $55,577 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $112,217 |
| Other assets | $0 |
| Total assets | $464,183 |
| Total liabilities | $171,186 |
| Net assets or fund balances | $292,997 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Madlab has recieved totaling $41,305.
| Awarding Organization | Amount |
|---|---|
Greater Columbus Arts Council Inc Columbus, OH PURPOSE: GRANTS TO PROMOTE ART AND CULTURE IN COLUMBUS | $28,200 |
Columbus Foundation Columbus, OH PURPOSE: ARTS AND HUMANITIES | $13,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $105 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Detroit Opera Detroit, MI | $46,812,293 | $9,178,032 |
Cincinnati Arts Association Cincinnati, OH | $56,926,622 | $8,741,930 |
Strand-Capitol Performing Arts Center Inc York, PA | $13,276,794 | $10,332,110 |
Luther F Carson Four Rivers Center Inc Paducah, KY | $59,072,684 | $5,458,266 |
Music Hall Center For The Performing Arts Inc Detroit, MI | $3,982,183 | $5,279,340 |
State Theatre Center For The Arts Inc Easton, PA | $9,301,794 | $4,832,518 |
Embassy Theatre Foundation Inc Fort Wayne, IN | $19,673,626 | $5,039,603 |
Great Lakes Center For The Arts Bay Harbor, MI | $37,486,193 | $6,372,255 |
Playhouse Square Development Corporation Cleveland, OH | $842,822 | $0 |
Arts In Stark Canton, OH | $26,886,137 | $1,886,035 |
Michigan Theater Foundation Inc Ann Arbor, MI | $15,884,793 | $2,527,817 |
Whitaker Center For Science And The Arts Harrisburg, PA | $29,354,486 | $3,497,396 |