South Bend Art Center Foundation
- Assets
- $51.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- South Bend, IN
- Founding
- 08/1965
- Data as of
- 06/2022
- EIN
- 35-6050484
Organization Overview
South Bend Art Center Foundation is located in South Bend, IN. The organization was established in 1965. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, 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. South Bend Art Center Foundation 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 06/2022, South Bend Art Center Foundation generated $386.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.4%) each year. All expenses for the organization totaled $250.0 during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (18.0%) per year over the past 7 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
2022
Describe the Organization's Program Activity:
Part 3
MAINTENANCE OF THE ONE PIECE OF OUTDOOR METALLIC ART THAT THIS FOUNDATION IS RESPONSIBLE FOR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Pat Latowski Vice President & Treasurer | 1 | $0 | |
Marika Smith President | 1 | $0 | |
Alan Feldbaum Director | 1 | $0 | |
Ally Powers Director | 1 | $0 | |
Richard Reineke Director | 1 | $0 | |
Mary Watt-Strieder Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $386 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $386 |
| 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 | $238 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $12 |
| Total expenses | $250 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $51,202 |
| Other assets | $0 |
| Total assets | $51,202 |
| Total liabilities | $0 |
| Net assets or fund balances | $51,202 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Performing Arts Fund Inc Milwaukee, WI | $14,391,026 | $9,375,574 |
Fund For The Arts Inc Louisville, KY | $9,833,007 | $6,108,558 |
Richard J Stern Foundation For The Arts Kansas City, MO | $50,258,336 | $4,476,999 |
Robert Allerton Trust Under Will Dated April 15 1964 Chicago, IL | $38,402,099 | $3,836,329 |
Ros Foundation Greenfield, WI | $30,196,896 | $3,469,836 |
Lithuanian Foundation Lemont, IL | $53,188,345 | $6,129,593 |
David C & Sarajean Ruttenberg Arts Foundation Chicago, IL | $0 | $66,826 |
Richard & Ellen Sandor Art Foundation Chicago, IL | $0 | $3,100 |
Community Capital Fund Kansas City, MO | $1,497,991 | $1,400,960 |
Milwaukee Youth Arts Center Foundation Inc Milwaukee, WI | $10,317,722 | $10,905,403 |
Monument Legacy Inc Carmel, IN | $4,006,902 | $508,574 |
League Of Chicago Theatres Foundation Chicago, IL | $3,728,649 | $813,254 |