Flint Institute Of Arts
- Assets
- $59.3m
- Revenue
- $9.9m
- Investments
- $0.0
- Employees
- 123
- Location
- Flint, MI
- Founding
- 10/1942
- Data as of
- 06/2022
- EIN
- 38-1539984
Organization Overview
Flint Institute Of Arts is located in Flint, MI. The organization was established in 1942. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Flint Institute Of Arts employed 123 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Flint Institute Of Arts 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, Flint Institute Of Arts generated $9.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $7.3m during the year ending 06/2022. While expenses have increased by 5.7% 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
THE FLINT INSTITUTE OF ARTS' (FIA) MISSION IS TO ADVANCE THE UNDERSTANDING AND APPRECIATION OF ART FOR ALL THROUGH COLLECTIONS, EXHIBITIONS AND EDUCATIONAL PROGRAMS. THE FIA IS THE SECOND LARGEST ART MUSEUM IN THE STATE OF MICHIGAN AND ONE OF THE LARGEST MUSEUM ART SCHOOLS IN THE NATION. EACH YEAR, MORE THAN 150,000 PEOPLE VISIT THE FIA'S GALLERIES AND PARTICIPATE IN FIA PROGRAMS AND SERVICES. FOR MORE THAN 85 YEARS, THE FIA HAS BEEN RESPONSIBLE FOR ACQUIRING, PROTECTING AND PRESENTING A COLLECTION OF ART AND ARTIFACTS SPANNING CONTINENTS AND 5,000 YEARS. THE WORLD RENOWNED COLLECTION, WHICH NOW EXCEEDS 8,000 OBJECTS, IS SIGNIFICANT FOR ITS DEPTH OF IMPORTANT EUROPEAN AND AMERICAN PAINTINGS AND SCULPTURES, 15TH CENTURY TO THE PRESENT, AND ITS EXTENSIVE HOLDINGS OF DECORATIVE AND APPLIED ARTS INCLUDING IMPORTANT ETHNOGRAPHIC STUDY COLLECTIONS DATING BACK FIVE MILLENNIA. EACH YEAR, THE FIA PRESENTS AS MANY AS 13 EXHIBITIONS BOTH FROM OUR PERMANENT COLLECTION AS WELL AS TEMPORARY EXHIBITI
Describe the Organization's Program Activity:
Part 3 - Line 4a
ART WORKSHOPS AND CLASSES PROVIDED TO THE PUBLIC TO INCREASE INDIVIDUAL SKILLS AND ART APPRECIATION
NOTIFICATION OF THE PUBLIC OF INSTITUTE PROGRAMS, CLASSES, EXHIBITS, AND OPERATIONS. SALE OF ART ARTICLES RELATED TO THE INSTITUTE'S PROGRAMS THAT ASSIST TO EXPAND ART INTEREST AND SALES OF CAFE ITEMS. SPECIAL EVENTS TO INFORM AND INTEREST THE PUBLIC IN ART.
PROVIDING SPECIAL EXHIBITS FOR PUBLIC APPRECIATION AND KNOWLEDGE OF ART
THE COST OF ACQUISITION AND MAINTENANCE OF PERMANENT ART COLLECTION TO DEVELOP PUBLIC APPRECIATION AND KNOWLEDGE OF ART.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Henry III Prev. Execut | Officer | 40 | $251,283 |
Mike Melenbrink Asst. Dir Of | Officer | 40 | $106,219 |
Tracee Glab Executive Di | Officer | 40 | $82,879 |
Kathryn C Boles First Vice P | OfficerTrustee | 0.5 | $0 |
John Bracey Trustee | Trustee | 0.5 | $0 |
Ann K Chan Trustee | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,185,878 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,203,173 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,389,051 |
| Total Program Service Revenue | $641,908 |
| Investment income | $524,434 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,045,272 |
| Net Income from Fundraising Events | $98,381 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $110,302 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,901,885 |
| 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. | $511,845 |
| Compensation of current officers, directors, key employees. | $415,947 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,756,458 |
| Pension plan accruals and contributions | $92,522 |
| Other employee benefits | $308,843 |
| Payroll taxes | $271,145 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $37,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $190,696 |
| Advertising and promotion | $0 |
| Office expenses | $886,674 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $466,355 |
| Travel | $72,849 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,906 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,032,995 |
| Insurance | $93,997 |
| All other expenses | $0 |
| Total functional expenses | $7,324,933 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,971,613 |
| Pledges and grants receivable | $744,000 |
| Accounts receivable, net | $106,400 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $69,356 |
| Prepaid expenses and deferred charges | $67,102 |
| Net Land, buildings, and equipment | $21,901,159 |
| Investments—publicly traded securities | $32,519,729 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $25,000 |
| Other assets | $1,860,437 |
| Total assets | $59,264,796 |
| Accounts payable and accrued expenses | $407,509 |
| Grants payable | $0 |
| Deferred revenue | $132,663 |
| 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 | $7,758 |
| Total liabilities | $547,930 |
| Net assets without donor restrictions | $40,259,750 |
| Net assets with donor restrictions | $18,457,116 |
| 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 | $59,264,796 |