Monroe Arts Center Inc
- Assets
- $4.7m
- Revenue
- $916.0k
- Investments
- $0.0
- Employees
- 6
- Location
- Monroe, WI
- Founding
- 06/1975
- Data as of
- 08/2023
- 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 08/2023, Monroe Arts Center Inc employed 6 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 08/2023, Monroe Arts Center Inc generated $916.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $528.3k during the year ending 08/2023. While expenses have increased by 6.0% per year over the past 8 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
2023
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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathy Hennessy Executive Director | 40 | $70,563 | |
Christine Wellington Director | Trustee | 1 | $0 |
Rebecca Gilman Director | Trustee | 1 | $0 |
Wendy Weiler Erb Director | Trustee | 1 | $0 |
Kathy Hennessy Executive Dir. | Trustee | 0 | $0 |
Robert Rudd Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $7,500 |
| Membership dues | $154,660 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,580 |
| All other contributions, gifts, grants, and similar amounts not included above | $608,244 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $772,984 |
| Total Program Service Revenue | $87,327 |
| Investment income | $6,853 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$5,930 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $26,049 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $916,000 |
| 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. | $70,563 |
| Compensation of current officers, directors, key employees. | $35,281 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $75,408 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,129 |
| 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 | $13,663 |
| Advertising and promotion | $0 |
| Office expenses | $20,501 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $49,139 |
| 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 | $135,343 |
| Insurance | $7,910 |
| All other expenses | $0 |
| Total functional expenses | $528,305 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $487,713 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $70,290 |
| Accounts receivable, net | $27,891 |
| 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 | $62,464 |
| Net Land, buildings, and equipment | $4,029,894 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,678,252 |
| Accounts payable and accrued expenses | $8,858 |
| Grants payable | $0 |
| Deferred revenue | $95,740 |
| 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 | $104,598 |
| Net assets without donor restrictions | $4,240,867 |
| Net assets with donor restrictions | $332,787 |
| 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 | $4,678,252 |