Kalamazoo Institute Of Arts
- Assets
- $37.0m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 110
- Location
- Kalamazoo, MI
- Founding
- 07/1942
- Data as of
- 08/2021
- EIN
- 38-1617060
Organization Overview
Kalamazoo Institute Of Arts is located in Kalamazoo, MI. The organization was established in 1942. 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 08/2021, Kalamazoo Institute Of Arts employed 110 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kalamazoo 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 08/2021, Kalamazoo Institute Of Arts generated $4.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $3.0m during the year ending 08/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE THE RESIDENTS OF SOUTHWEST MICHIGAN WITH THE OPPORTUNITY TO BOTH APPRECIATE AND CREATE VISUAL ART.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOOL PROGRAMS INCLUDE CLASSES OF ART CREATION FOR STUDENTS RANGING FROM PRE-SCHOOL TO SENIOR CITIZENS. THE SCHOOL INCLUDES MANY AREAS RANGING FROM TWO-DIMENSIONAL MEDIA INCLUDING DESIGN, DRAWING, PAINTING, PHOTOGRAPHY, WEAVING, AND PRINTMAKING. THE PROGRAM INCLUDES THREEDIMENSIONAL MEDIA INCLUDING GLASS, JEWELRY, SCULPTURE, AND CERAMICS. CREATIVE WRITING AND WELLNESS HAVE BEEN ADDED TO THE SELECTION OF CLASSES. THE HOLIDAY SALE IS A THREE-DAY EVENT FEATURING CREATIONS OF OVER 170 LOCAL ARTISTS WHO TEACH OR ATTEND THE SCHOOL.
EXHIBITS AND PERMANENT COLLECTION INCLUDE FINE ART EXHIBITS FROM AROUND THE WORLD, FEATURED IN VARIOUS GALLERIES. ALSO ON EXHIBIT ARE WORKS FROM OVER 4,700 PIECES IN THE PERMANENT COLLECTION. THE STRENGTH OF THE KIA'S PERMANENT COLLECTION IS AMERICAN ART, FROM EIGHTEENTH AND NINETEENTH- CENTURY PORTRAITURE AND LANDSCAPE PAINTING TO MODERN AND CONTEMPORARY ABSTRACTION AND FIGURATIVE WORKS.
MUSEUM EDUCATION PROMOTES THE UNDERSTANDING OF THE VISUAL ARTS FOR ALL AGES, BACKGROUNDS, AND ABILITIES THROUGH TOURS, PROGRAMS, AND A RESEARCH LIBRARY. GUIDED TOURS FOR ALL AUDIENCES ARE AVAILABLE UPON REQUEST AND INCLUDE TOURS PLUS A HANDS-ON ART EXPERIENCES AND TOURS FOR INDIVIDUALS WITH SPECIAL NEEDS. OTHER PROGRAMS PERTINENT TO EXHIBITIONS AND COLLECTION OBJECTS ON DISPLAY INCLUDE A WEEKLY ARTBREAK SERIES FEATURING SPEAKERS AND VIDEOS ON ART-RELATED TOPICS, A MONTHLY ART DETECTIVES PROGRAMS FOR AGES 4 -8, BOOK DISCUSSIONS, AND COMMUNITYFOCUSED COLLABORATIVE EVENING PROGRAMS. MUSEUM EDUCATION ALSO COORDINATES ANNUAL EXHIBITIONS OF K-8 AND HIGH SCHOOL ART AND AN ANNUAL HIGH SCHOOL PORTFOLIO DAY.
GALLERY SHOP - SELLS MERCHANDISE RELATED TO TEMPORARY EXHIBITIONS, UNIQUE ITEMS CREATED BY LOCAL ARTISTS, BOOKS RELATED TO THE ARTS, CARDS, GIFTS AND OTHER ITEMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Belinda Tate Executive Di | Officer | 40 | $210,206 |
Kimberly Earnshaw Dir. Of Dev. | 40 | $100,231 | |
Eric Johnson Finance Dire | Officer | 40 | $86,835 |
Jack Michael President | OfficerTrustee | 1 | $0 |
William U Parfet 1st Vice Pre | OfficerTrustee | 1 | $0 |
Perry Wolfe 2nd Vice Pre | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $197,668 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $594,862 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,497,878 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,290,408 |
| Total Program Service Revenue | $330,973 |
| Investment income | $453,934 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,658 |
| Net Gain/Loss on Asset Sales | $959,632 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $29,363 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,067,933 |
| 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. | $409,116 |
| Compensation of current officers, directors, key employees. | $285,019 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,140,420 |
| Pension plan accruals and contributions | $19,579 |
| Other employee benefits | $110,983 |
| Payroll taxes | $106,024 |
| 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 | $62,708 |
| Advertising and promotion | $42,265 |
| Office expenses | $116,585 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $252,752 |
| Travel | $2,502 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $233 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $342,779 |
| Insurance | $36,692 |
| All other expenses | $34,696 |
| Total functional expenses | $3,042,534 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,532,103 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $164,850 |
| Accounts receivable, net | $28,942 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $34,193 |
| Prepaid expenses and deferred charges | $1,600 |
| Net Land, buildings, and equipment | $6,520,508 |
| Investments—publicly traded securities | $24,740,214 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $37,022,410 |
| Accounts payable and accrued expenses | $125,187 |
| Grants payable | $0 |
| Deferred revenue | $134,513 |
| 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 | $270,425 |
| Total liabilities | $530,125 |
| Net assets without donor restrictions | $29,187,162 |
| Net assets with donor restrictions | $7,305,123 |
| 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 | $37,022,410 |
Grants Recieved
Over the last fiscal year, we have identified 20 grants that Kalamazoo Institute Of Arts has recieved totaling $692,005.
| Awarding Organization | Amount |
|---|---|
Kalamazoo Community Foundation Kalamazoo, MI PURPOSE: ARTS, CULTURE & HUMANITIES | $384,019 |
Ronda E Stryker & William D Johnston Foundation Kalamazoo, MI PURPOSE: EXPAND AUDIENCES WITH DIGITAL CONTENT AND EVALUATION METHODOLOGY | $82,500 |
Ronda E Stryker & William D Johnston Foundation Kalamazoo, MI PURPOSE: EXPAND AUDIENCES WITH DIGITAL CONTENT AND EVALUATION METHODOLOGY | $82,500 |
Marvin And Rosalie Okun Foundation Kalamazoo, MI PURPOSE: CHARITABLE | $25,000 |
Dorothy U Dalton Foundation Inc Kalamazoo, MI PURPOSE: 2021-2022 CHILDREN & YOUTH ARTS | $25,000 |
Wyeth Foundation For American Art Wilmington, DE PURPOSE: FUNDING OF ART EXHIBITION CATALOGUE | $25,000 |
Endowment Analysis
| Beg. Balance | $24,745,810 |
| Earnings | $5,593,557 |
| Net Contributions | $382,554 |
| Other Expense | $853,176 |
| Ending Balance | $29,868,745 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Toledo Museum Of Art Toledo, OH | $363,312,718 | $18,709,059 |
Milwaukee Art Museum Inc Milwaukee, WI | $162,007,595 | $17,721,477 |
Cincinnati Museum Association Cincinnati, OH | $281,155,323 | $24,034,593 |
Columbus Museum Of Art Columbus, OH | $186,443,242 | $10,937,046 |
John Huntington Art & Polytechnic Tr Cleveland, OH | $134,688,641 | $10,635,199 |
Dayton Art Institute Dayton, OH | $42,942,635 | $5,850,007 |
Grand Rapids Art Museum Grand Rapids, MI | $63,932,796 | $12,119,660 |
Taft Museum Of Art Cincinnati, OH | $54,566,768 | $7,451,068 |
Akron Art Museum Akron, OH | $58,514,760 | $4,858,452 |
Contemporary Arts Center Cincinnati, OH | $39,344,617 | $3,979,830 |
Butler Institute Of American Art Youngstown, OH | $88,830,217 | $5,561,162 |
Kalamazoo Institute Of Arts Kalamazoo, MI | $37,022,410 | $4,067,933 |