Rahr West Art Museum Charitable Foundation Inc
- Assets
- $2.6m
- Revenue
- $562.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Manitowoc, WI
- Founding
- 05/2004
- Data as of
- 12/2021
- EIN
- 35-2210117
Organization Overview
Rahr West Art Museum Charitable Foundation Inc is located in Manitowoc, WI. The organization was established in 2004. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rahr West Art Museum Charitable Foundation 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 12/2021, Rahr West Art Museum Charitable Foundation Inc generated $562.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 48.0% each year . All expenses for the organization totaled $205.7k during the year ending 12/2021. While expenses have increased by 24.0% 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
TO SUPPORT AND ENHANCE THE PROGRAMS OF THE RAHR-WEST ART MUSEUM INDEPENDENTLY OF THOSE LEVELS OF SUPPORT CURRENTLY PROVIDED BY THE MUSEUMS SPONSORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PARTIALLY SUPPORT THE MUSEUM'S OPERATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Fricke Weigel Vice President | OfficerTrustee | 1 | $0 |
Michael Halla President | OfficerTrustee | 2 | $0 |
Ann Wind Secretary | OfficerTrustee | 1 | $0 |
Dolly Stokes Treasurer | OfficerTrustee | 1 | $0 |
Stacey Culligan Director | Trustee | 0.5 | $0 |
Candice Giesen Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $500 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $525,392 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $525,892 |
| Total Program Service Revenue | $0 |
| Investment income | $29,163 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,739 |
| Net Income from Fundraising Events | $1,073 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $562,867 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $201,226 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,360 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $65 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $205,651 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $359,499 |
| Savings and temporary cash investments | $0 |
| 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 | $1,879 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,245,834 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,607,212 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,561,863 |
| Net assets with donor restrictions | $1,045,349 |
| 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 | $2,607,212 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Rahr West Art Museum Charitable Foundation Inc has recieved totaling $330,032.
| Awarding Organization | Amount |
|---|---|
Ruth St John & John Dunham West Foundation Inc Manitowoc, WI PURPOSE: RESTRICTED | $330,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $32 |
Endowment Analysis
| Beg. Balance | $664,908 |
| Earnings | $109,834 |
| Net Contributions | $470,000 |
| Other Expense | $199,393 |
| Ending Balance | $1,045,349 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sojourner Foundation Inc Milwaukee, WI | $5,493,853 | $4,205,530 |
Bloomington-Normal Ymca Charitable Foundation Nfp Bloomington, IL | $12,002,532 | $7,012,515 |
Propel Nonprofits Minneapolis, MN | $49,559,623 | $14,478,230 |
Moose Foundation Inc Mooseheart, IL | $261,014,797 | $19,670,612 |
Foundation For The Uptown Reinvestment Corporation Flint, MI | $1,872,223 | $6,455,012 |
West Bend Community Foundation Inc Milwaukee, WI | $79,149,428 | $10,575,689 |
Glasser And Rosenthal Family Foundation Chicago, IL | $0 | $604,291 |
Barbara Mettler Personal Tr Champaign, IL | $0 | $38,620 |
Jewish Fund Inc Bloomfield Hills, MI | $68,108,073 | $3,265,979 |
Foundation For Flint Flint, MI | $18,213,449 | $993,569 |
Friends Of Penfield Childrens Center Inc Milwaukee, WI | $8,290,252 | $2,579,522 |
Shure Charitable Tr Created Uw Of Sidney N Shure Chicago, IL | $52,599,907 | $2,093,307 |