Kaneko
- Assets
- $7.7m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 24
- Location
- Omaha, NE
- Founding
- 04/1999
- Data as of
- 06/2022
- EIN
- 36-4261067
Organization Overview
Kaneko is located in Omaha, NE. The organization was established in 1999. According to its NTEE Classification (A51) the organization is classified as: Art Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Kaneko employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kaneko 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, Kaneko generated $2.0m 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 (10.9%) each year. All expenses for the organization totaled $1.7m during the year ending 06/2022. 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
THERE IS NO RESTRICTION FOR CREATIVE ACTIVITY. IMAGINATION HAS COMPLETE FREEDOM. SUPPORTING AND PROMOTING FREEDOM IN CREATIVITY IS KANEKO'S MISSION. CREATIVITY BEGINS WITH AN IDEA - SEEING THINGS DIFFERENTLY. OUR PURPOSE IS EXPLORING THE CREATIVE PROCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE THE PUBLIC WITH AN AWARENESS AND APPRECIATION OF THE ARTS AND CREATIVITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephan Grot Executive Director | 40 | $125,000 | |
Frank Hayes Treasurer | OfficerTrustee | 10 | $0 |
Vicki Krecek Secretary | OfficerTrustee | 5 | $0 |
Bruce Carpenter Chairman | OfficerTrustee | 5 | $0 |
Jun Kaneko Director | Trustee | 5 | $0 |
Ree Kaneko Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $8,059 |
| Fundraising events | $249,599 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,809,601 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,067,259 |
| Total Program Service Revenue | $24,066 |
| Investment income | $238 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $15,280 |
| Net Gain/Loss on Asset Sales | -$106 |
| Net Income from Fundraising Events | -$78,162 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $16,340 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,044,915 |
| 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. | $125,000 |
| Compensation of current officers, directors, key employees. | $56,250 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $529,903 |
| Pension plan accruals and contributions | $13,695 |
| Other employee benefits | $97,228 |
| Payroll taxes | $53,177 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $115,095 |
| Advertising and promotion | $27,346 |
| Office expenses | $4,131 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1 |
| Travel | $13,809 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $324 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $204,090 |
| Insurance | $18,277 |
| All other expenses | $118,064 |
| Total functional expenses | $1,686,600 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $62,459 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $533,036 |
| 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 | $37,877 |
| Prepaid expenses and deferred charges | $11,943 |
| Net Land, buildings, and equipment | $6,413,346 |
| Investments—publicly traded securities | $3,145 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $599,373 |
| Total assets | $7,661,179 |
| Accounts payable and accrued expenses | $54,391 |
| 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 | $8,791 |
| Total liabilities | $63,182 |
| Net assets without donor restrictions | $6,169,291 |
| Net assets with donor restrictions | $1,428,706 |
| 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 | $7,661,179 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Kaneko has recieved totaling $125,000.
| Awarding Organization | Amount |
|---|---|
Richard Brooke Foundation Omaha, NE PURPOSE: GENERAL OPERATING SUPPORT | $125,000 |
Endowment Analysis
| Beg. Balance | $10,000 |
| Other Expense | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Aspen Art Museum Aspen, CO | $45,036,257 | $9,544,522 |
Joslyn Art Museum Omaha, NE | $43,999,594 | $13,873,900 |
Edmundson Art Foundation Inc Des Moines, IA | $123,873,821 | $5,221,950 |
Mca Denver Denver, CO | $23,563,221 | $5,372,838 |
Clyfford Still Museum Denver, CO | $20,985,352 | $4,386,446 |
Kemper Museum Operating Foundation Kansas City, MO | $21,285,156 | $4,170,305 |
New Museum At The Bradford Brinton Ranch Big Horn, WY | $21,761,530 | $2,659,139 |
American Museum Of Western Art-The Anschutz Collection Denver, CO | $3,359,244 | $1,672,973 |
Kaneko Omaha, NE | $7,661,179 | $2,044,915 |
Cedar Rapids Museum Of Art Cedar Rapids, IA | $10,975,724 | $1,897,118 |
Museum Of Nebraska Art Kearney, NE | $29,264,897 | $12,796,061 |
River Music Experience Davenport, IA | $3,858,577 | $1,649,242 |