Monroe Arts Center Inc
- Assets
- $4.5m
- Revenue
- $437.5k
- Investments
- $0.0
- Employees
- 8
- Location
- Monroe, WI
- Founding
- 06/1975
- Data as of
- 08/2021
- EIN
- 39-1209502
Organization Overview
Monroe Arts Center Inc is located in Monroe, WI. The organization was established in 1975. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 08/2021, Monroe Arts Center Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Monroe Arts Center Inc 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, Monroe Arts Center Inc generated $437.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (11.0%) each year. All expenses for the organization totaled $433.2k 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
MISSION STATEMENT:THE MISSION OF THE MONROE ARTS CENTER IS THREEFOLD: TO NURTURE AN APPRECIATION OF THE ARTS, TO AID INDIVIDUAL CREATIVE DEVELOPMENT, AND TO ENSURE THE PRESERVATION AND INTEGRITY OF OUR HISTORIC FACILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STATEMENT OF PROGRAM SERVICE ACTIVITIESGALLERY TOURS FOR THE GENERAL PUBLICCONCERTS FOR THE GENERAL PUBLICPLAYS FOR THE GENERAL PUBLICDANCE
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathy Hennessy Executive Dir. | Trustee | 0 | $0 |
Kevin Callahan President | Officer | 1 | $0 |
John Baumann Vice President | Officer | 1 | $0 |
Julie Wilke Treasurer | Officer | 1 | $0 |
Christine Wellington Director | Trustee | 1 | $0 |
Rebecca Gilman Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $2,000 |
| Membership dues | $163,980 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,100 |
| All other contributions, gifts, grants, and similar amounts not included above | $199,413 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $367,493 |
| Total Program Service Revenue | $23,207 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$6,712 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $41,330 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $437,500 |
| 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. | $69,937 |
| Compensation of current officers, directors, key employees. | $34,968 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $67,586 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,303 |
| 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 | $8,600 |
| Advertising and promotion | $0 |
| Office expenses | $14,768 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $45,218 |
| Travel | $0 |
| 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 | $125,610 |
| Insurance | $14,078 |
| All other expenses | $0 |
| Total functional expenses | $433,205 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $353,791 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $22,500 |
| Accounts receivable, net | $10,360 |
| 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 | $40,037 |
| Net Land, buildings, and equipment | $4,050,580 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,477,268 |
| Accounts payable and accrued expenses | $22,337 |
| Grants payable | $0 |
| Deferred revenue | $94,076 |
| 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 | $75,000 |
| Other liabilities | $0 |
| Total liabilities | $191,413 |
| Net assets without donor restrictions | $4,267,590 |
| Net assets with donor restrictions | $18,265 |
| 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 | $4,477,268 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Monroe Arts Center Inc has recieved totaling $32,423.
| Awarding Organization | Amount |
|---|---|
Colony Brands Foundation Inc Monroe, WI PURPOSE: Underwriting entertainment season | $25,805 |
Optimist International Monroe, WI | | $6,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $118 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Walker Art Center Inc Minneapolis, MN | $379,213,744 | $50,426,261 |
Flint Cultural Center Corporation Inc Flint, MI | $82,664,438 | $21,920,278 |
Midland Center For The Arts Inc Midland, MI | $105,520,024 | $38,518,398 |
John Michael Kohler Arts Center Inc Sheboygan, WI | $91,886,755 | $7,533,321 |
Puerto Rican Cultural Center Chicago, IL | $9,175,566 | $9,769,703 |
United States Artists Inc Chicago, IL | $40,639,117 | $6,830,121 |
Kohler Trust For The Arts And Education Kohler, WI | $9,068,772 | $5,585,156 |
American College Of Occupational And Environmental Medicine Elk Grove Village, IL | $5,115,240 | $3,683,433 |
Success Institute Minneapolis, MN | $1,766,984 | $4,353,040 |
Winnetka Community House Winnetka, IL | $15,269,238 | $4,423,430 |
Brucemore Inc Cedar Rapids, IA | $18,035,244 | $1,902,736 |
Milwaukee County War Memorial Inc Milwaukee, WI | $14,315,972 | $2,406,675 |