Quincy Art Center
- Assets
- $2.6m
- Revenue
- $372.4k
- Investments
- $13.6k
- Employees
- 18
- Location
- Quincy, IL
- Founding
- 03/1951
- Data as of
- 06/2024
- EIN
- 37-6028914
Organization Overview
Quincy Art Center is located in Quincy, IL. The organization was established in 1951. 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 06/2024, Quincy Art Center employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Quincy Art Center 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 06/2024, Quincy Art Center generated $372.4k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $551.3k during the year ending 06/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
WE CONNECT PEOPLE TO THE POWER OF ART BY CREATING OPPORTUNITIES TO EXPERIENCE, MAKE, AND SHARE ART.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AN ART GALLERY AND EDUCATION IS PROVIDED TO APPROXIMATELY 15,000 VISITORS ANNUALLY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann Titus Secretary And Treasurer | OfficerTrustee | 1 | $0 |
Silvia Gale Director | Trustee | 1 | $0 |
Pasha Yates President | OfficerTrustee | 1 | $0 |
Lauren Mehaffy Director | Trustee | 1 | $0 |
Elle House Director | Trustee | 1 | $0 |
Kelli Langston Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $15,976 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $218,671 |
| Noncash contributions included in lines 1a–1f | $2,125 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $234,647 |
| Total Program Service Revenue | $45,444 |
| Investment income | $58,238 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $34,102 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $372,431 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $276,328 |
| Pension plan accruals and contributions | $3,838 |
| Other employee benefits | $31,359 |
| Payroll taxes | $21,490 |
| 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 | $11,757 |
| Fees for services: Other | $10,203 |
| Advertising and promotion | $6,416 |
| Office expenses | $13,888 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,256 |
| Travel | $13,423 |
| 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 | $53,252 |
| Insurance | $11,176 |
| All other expenses | $12,990 |
| Total functional expenses | $551,309 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,995 |
| Savings and temporary cash investments | $172,184 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,400 |
| 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 | $4,611 |
| Net Land, buildings, and equipment | $462,037 |
| Investments—publicly traded securities | $1,972,253 |
| Investments—other securities | $13,622 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,635,102 |
| Accounts payable and accrued expenses | $19,067 |
| 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 | $19,067 |
| Net assets without donor restrictions | $2,554,021 |
| Net assets with donor restrictions | $62,014 |
| 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 | $2,635,102 |