Quincy Art Center
- Assets
- $2.7m
- Revenue
- $806.0k
- Investments
- $12.0k
- Employees
- 9
- Location
- Quincy, IL
- Founding
- 03/1951
- Data as of
- 06/2022
- 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 06/2022, Quincy Art Center employed 9 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 06/2022, Quincy Art Center generated $806.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.0% each year . All expenses for the organization totaled $456.1k during the year ending 06/2022. While expenses have increased by 0.9% 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
TO PROVIDE OPPORTUNITIES FOR GROWTH AND APPRECIATION OF THE VISUAL FINE ARTS THROUGH EXHIBITIONS AND PROGRAMS IN OUR COMMUNITY.
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 |
|---|---|---|---|
Isaac Miller Treasurer | OfficerTrustee | 1 | $0 |
Ann Miller Titus President | OfficerTrustee | 1 | $0 |
Katie Ambler Vice President/secretary | OfficerTrustee | 1 | $0 |
Chris Taylor Director | Trustee | 1 | $0 |
Heidi Holzgrafe Director | Trustee | 1 | $0 |
Pasha Yates Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $11,458 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $28,300 |
| All other contributions, gifts, grants, and similar amounts not included above | $147,746 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $187,504 |
| Total Program Service Revenue | $18,228 |
| Investment income | $124,971 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $250 |
| Net Gain/Loss on Asset Sales | $466,882 |
| Net Income from Fundraising Events | $8,120 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $805,955 |
| 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 | $228,101 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $24,335 |
| Payroll taxes | $18,079 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $240 |
| Fees for services: Accounting | $8,781 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,000 |
| Advertising and promotion | $9,384 |
| Office expenses | $19,570 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,796 |
| Travel | $10,288 |
| 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 | $54,483 |
| Insurance | $8,280 |
| All other expenses | $12,579 |
| Total functional expenses | $456,104 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,992 |
| Savings and temporary cash investments | $189,167 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,250 |
| 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 | $3,989 |
| Net Land, buildings, and equipment | $558,455 |
| Investments—publicly traded securities | $1,971,776 |
| Investments—other securities | $12,034 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,743,663 |
| Accounts payable and accrued expenses | $20,010 |
| 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 | $20,010 |
| Net assets without donor restrictions | $2,708,131 |
| Net assets with donor restrictions | $15,522 |
| 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 | $2,743,663 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Quincy Art Center has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
George H Riedel Foundation Hannibal, MO PURPOSE: HIGH SCHOOL ART AWARDS | $500 |
Endowment Analysis
| Beg. Balance | $2,394,551 |
| Earnings | -$177,726 |
| Admin Expense | $1,707 |
| Other Expense | $200,618 |
| Ending Balance | $2,014,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Indianapolis Museum Of Art Inc Indianapolis, IN | $570,410,766 | $52,226,027 |
Nelson Gallery Foundation Kansas City, MO | $610,782,059 | $25,702,378 |
Museum Of Contemporary Art Chicago, IL | $199,455,132 | $15,185,579 |
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 |