Why Arts Inc
- Assets
- $328.6k
- Revenue
- $421.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Omaha, NE
- Founding
- 04/1991
- Data as of
- 06/2022
- EIN
- 36-3747722
Organization Overview
Why Arts Inc is located in Omaha, NE. The organization was established in 1991. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Why Arts Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Why Arts 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 06/2022, Why Arts Inc generated $421.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $442.9k during the year ending 06/2022. While expenses have increased by 7.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT OF ARTS AND ARTS COMMUNITY IN AN EFFORT TO PROVIDE ARTS AWARENESS, FESTIVAL PLANNING AND SUPPORT OF ARTS INITIATIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COSTS FOR ARTIST FEES AND RELATED SUPPLIES TO OFFER ARTS PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Jubenville Executive Director | Trustee | 40 | $48,550 |
Stephanie Anderson Program Director | Trustee | 40 | $44,520 |
Kim Clark Kaczmarek Program Director | Trustee | 40 | $40,000 |
Mary Kingslan Gibilisco Executive Director | Trustee | 40 | $37,500 |
Jon Flower President | OfficerTrustee | 1 | $0 |
Liz Akert Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $20,464 |
| All other contributions, gifts, grants, and similar amounts not included above | $331,851 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $352,315 |
| Total Program Service Revenue | $69,018 |
| Investment income | $374 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $421,707 |
| 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. | $167,027 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,388 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,986 |
| Payroll taxes | $13,385 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,165 |
| Fees for services: Accounting | $8,744 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $19,969 |
| Office expenses | $4,086 |
| Information technology | $2,856 |
| Royalties | $0 |
| Occupancy | $15,426 |
| Travel | $4,898 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,336 |
| Interest | $29 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,281 |
| All other expenses | $0 |
| Total functional expenses | $442,889 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $328,617 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $328,617 |
| Accounts payable and accrued expenses | $1,145 |
| Grants payable | $0 |
| Deferred revenue | $105,300 |
| 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 | $106,445 |
| Net assets without donor restrictions | $222,172 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $328,617 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Why Arts Inc has recieved totaling $160,000.
| Awarding Organization | Amount |
|---|---|
Sherwood Foundation Omaha, NE PURPOSE: 2021 OPERATING GRANT | $40,000 |
The Enrichment Foundation Omaha, NE PURPOSE: Health-General and Rehabilitative | $30,000 |
Sherwood Foundation Omaha, NE PURPOSE: SATURDAY ACADEMY | $30,000 |
Midlands Diabetes Education And Self Help Center Omaha, NE PURPOSE: GENERAL OPERATING | $25,000 |
Mid-America Arts Alliance Kansas City, MO PURPOSE: ART SUPPORT | $20,000 |
Sherwood Foundation Omaha, NE PURPOSE: KIDS ON THE BLOCK | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Independent Living Center Inc Joplin, MO | $6,998,222 | $3,154,564 |
Downtown Denver Events Inc Denver, CO | -$3,259,692 | $2,252,393 |
Demolay International Kansas City, MO | $3,448,662 | $1,614,271 |
Kansas City Chapter Of Young Audiences Inc Kansas City, MO | $5,162,996 | $1,143,353 |
Bailey Foundation Saint Louis, MO | $926,334 | $1,827,354 |
Mainframe Studios Des Moines, IA | $8,963,700 | $1,124,336 |
Northland Shepherds Center Kansas City, MO | $2,507,796 | $914,727 |
Nac Development Corporation Omaha, NE | $1,861,422 | $979,250 |
Wyofile Lander, WY | $990,906 | $1,070,369 |
Morrison Theatre Company Golden, CO | $5,960,038 | $3,214,249 |
Crested Butte Music Festival Inc Crested Butte, CO | $370,840 | $452,517 |
Salina Baseball Enterprises Inc Salina, KS | $429,508 | $0 |