Mabel Tainter Literary Library & Educational Society
- Assets
- $4.6m
- Revenue
- $653.0k
- Investments
- $332.2k
- Employees
- 6
- Location
- Menomonie, WI
- Founding
- 09/1945
- Data as of
- 12/2021
- EIN
- 39-0806184
Organization Overview
Mabel Tainter Literary Library & Educational Society, operating under the name Mabel Tainter Theater, is located in Menomonie, WI. The organization was established in 1945. As of 12/2021, Mabel Tainter Theater employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mabel Tainter Theater 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 12/2021, Mabel Tainter Theater generated $653.0k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $549.8k during the year ending 12/2021. 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
THE ORGANIZATION STRIVES TO STRENGTHEN AND CONNECT OUR COMMUNITY BY ENGAGING PEOPLE IN THE ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION STARTED TO HOST LIVE PERFORMANCES AGAIN IN 2021 AFTER 1.5 YEARS HAVING NO PERFORMANCES DUE TO COVID-19. THE ORGANIZATION HELD THE FIRST ANNUAL MABEL'S COMMUNITY CELEBRATION HOSTING OVER 1,200 INDIVIDUALS FEATURING LIVE ARTISTS, MUSICIANS, FOOD TRUCKS, AND ENTERTAINMENT. OTHER EVENTS INCLUDE COMEDIAN CHARLIE BERENS AND GRAMMY AWARD SINGER JUDY COLLINS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lucas Chase Executive Director | Officer | 40 | $41,077 |
Andrew Mercil President | OfficerTrustee | 2 | $0 |
Juliet Fox Vice President | OfficerTrustee | 2 | $0 |
Natasha Melchionne Treasurer | OfficerTrustee | 2 | $0 |
Melissa Kneeland Secretary | OfficerTrustee | 2 | $0 |
Emily Ascher Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $7,500 |
| Related organizations | $0 |
| Government grants | $310,957 |
| All other contributions, gifts, grants, and similar amounts not included above | $138,896 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $457,353 |
| Total Program Service Revenue | $172,606 |
| Investment income | $11,670 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $6,905 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $4,502 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $653,036 |
| 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. | $41,077 |
| Compensation of current officers, directors, key employees. | $8,215 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $39,355 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,253 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,230 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,156 |
| Fees for services: Other | $550 |
| Advertising and promotion | $6,135 |
| Office expenses | $29,687 |
| Information technology | $1,714 |
| Royalties | $0 |
| Occupancy | $34,601 |
| Travel | $1,764 |
| 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 | $162,889 |
| Insurance | $18,146 |
| All other expenses | $17,805 |
| Total functional expenses | $549,755 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $412,477 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,496 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $776 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,884,305 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $332,152 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,637,206 |
| Accounts payable and accrued expenses | $4,053 |
| Grants payable | $0 |
| Deferred revenue | $92,562 |
| 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 | $96,615 |
| Net assets without donor restrictions | $4,516,910 |
| Net assets with donor restrictions | $23,681 |
| 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 | $4,637,206 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Mabel Tainter Literary Library & Educational Society has recieved totaling $3,523.
| Awarding Organization | Amount |
|---|---|
Xcel Energy Foundation Minneapolis, MN PURPOSE: ARTS AND CULTURE GRANT | $3,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $23 |
Endowment Analysis
| Beg. Balance | $23,681 |
| Ending Balance | $23,681 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Midwest Collaborative For Library Services Inc Lansing, MI | $15,149,263 | $26,161,639 |
Willard Library Battle Creek, MI | $5,504,980 | $5,978,429 |
Chicago Public Library Foundation Chicago, IL | $39,161,773 | $5,601,419 |
Southeastern Libraries Cooperating Rochester, MN | $3,251,693 | $3,092,021 |
Illinois Library Association Chicago, IL | $3,523,138 | $2,926,047 |
Hoyt Trust Saginaw, MI | $13,312,387 | $317,292 |
Mabel Tainter Literary Library & Educational Society Menomonie, WI | $4,637,206 | $653,036 |
Detroit Public Library Friends Foundation Inc Detroit, MI | $4,265,630 | $310,193 |
Southeastern Wisconsin Information Technology Exchange Inc Milwaukee, WI | $184,005 | $425,122 |
Wisconsin Library Association Inc Monona, WI | $443,421 | $444,670 |
Grand Rapids Public Library Foundation Grand Rapids, MI | $5,963,728 | $901,306 |
Friends Of Appleton Library Incorporated Appleton, WI | $2,411,816 | $566,994 |