Springfield Art Association Of Edwards Place
- Assets
- $2.2m
- Revenue
- $1.7m
- Investments
- $1.8m
- Employees
- 38
- Location
- Springfield, IL
- Founding
- 06/1947
- Data as of
- 05/2022
- EIN
- 37-6005963
Organization Overview
Springfield Art Association Of Edwards Place is located in Springfield, IL. The organization was established in 1947. 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 05/2022, Springfield Art Association Of Edwards Place employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Springfield Art Association Of Edwards Place 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 05/2022, Springfield Art Association Of Edwards Place generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.6% each year . All expenses for the organization totaled $1.6m during the year ending 05/2022. While expenses have increased by 13.4% 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
NOT FOR PROFIT VISUAL ARTS ORGANIZATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE EDUCATIONAL OPPORTUNITIES FOR THE GREATER SPRINGFIELD AREA AND PRESERVE THE HISTORIC EDWARDS PLACE HOUSE AND COLLECTIONS OF THE ASSOCIATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Betsy Dollar Executive Director | Officer | 40 | $64,194 |
Denise Edwards Past President | OfficerTrustee | 1 | $0 |
Jennifer Bettis President | OfficerTrustee | 1 | $0 |
Jill Dibartolomeo Secretary | OfficerTrustee | 1 | $0 |
John Muchow 2nd Vice President | OfficerTrustee | 1 | $0 |
Johanna Hiebenstreit Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $65,025 |
| All other contributions, gifts, grants, and similar amounts not included above | $886,663 |
| Noncash contributions included in lines 1a–1f | $400,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $951,688 |
| Total Program Service Revenue | $567,479 |
| Investment income | $71,337 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $21,942 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$22,818 |
| Net Income from Fundraising Events | $118,305 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,710,598 |
| 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. | $68,497 |
| Compensation of current officers, directors, key employees. | $17,127 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $359,150 |
| Pension plan accruals and contributions | $9,765 |
| Other employee benefits | $33,449 |
| Payroll taxes | $33,902 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,360 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,562 |
| Advertising and promotion | $7,945 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $610,767 |
| 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 | $41,572 |
| All other expenses | $37,701 |
| Total functional expenses | $1,612,838 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $412,972 |
| 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 | $1,772,014 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,184,986 |
| 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 | $8,256 |
| Total liabilities | $8,256 |
| Net assets without donor restrictions | $1,942,386 |
| Net assets with donor restrictions | $234,344 |
| 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 | $2,184,986 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Springfield Art Association Of Edwards Place has recieved totaling $30,110.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $30,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $110 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Milwaukee Art Museum Inc Milwaukee, WI | $162,007,595 | $17,721,477 |
J B Speed Art Museum Louisville, KY | $144,061,757 | $14,473,949 |
Edmundson Art Foundation Inc Des Moines, IA | $123,873,821 | $5,221,950 |
Jayne Wrightsman Irr Trust Xxxxx7008 Chicago, IL | $23,809,573 | $29,559,094 |
Kemper Museum Operating Foundation Kansas City, MO | $21,285,156 | $4,170,305 |
Madison Museum Of Contemporary Art Inc Madison, WI | $15,382,994 | $2,302,239 |
Fort Wayne Museum Of Art Inc Fort Wayne, IN | $14,143,825 | $4,976,518 |
Paine Art Center & Gardens Inc Oshkosh, WI | $23,894,891 | $2,871,435 |
Racine Art Museum Association Inc Racine, WI | $13,099,169 | $1,971,714 |
Springfield Art Association Of Edwards Place Springfield, IL | $2,184,986 | $1,710,598 |
Cedar Rapids Museum Of Art Cedar Rapids, IA | $10,975,724 | $1,897,118 |
River Music Experience Davenport, IA | $3,858,577 | $1,649,242 |