Kohler Trust For The Arts And Education
- Assets
- $9.1m
- Revenue
- $5.6m
- Investments
- $7.2m
- Employees
- 0
- Location
- Kohler, WI
- Founding
- 08/1977
- Data as of
- 01/2022
- EIN
- 39-1274547
Organization Overview
Kohler Trust For The Arts And Education is located in Kohler, WI. The organization was established in 1977. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kohler Trust For The Arts And Education 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 01/2022, Kohler Trust For The Arts And Education generated $5.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $5.3m during the year ending 01/2022. While expenses have increased by 2.1% 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.
Since 2016, Kohler Trust For The Arts And Education has awarded 37 individual grants totaling $32,761,275. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FINANCIAL SUPPORT TO THE BENEFICIARIES LISTED IN THE TRUST GOVERNING INSTRUMENT FOR PURSING OF THEIR ARTS AND EDUCATION ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
JOHN MICHAEL KOHLER ARTS CENTER, INC (ART CENTER) - DISTRIBUTED TRUST INCOME IN SUPPORT OF THE ARTS CENTER'S PROGRAMMING, ART PRESERVE FUND, AND GENERAL OPERATING FUNDS.
CHOATE ROSEMARY HALL - DISTRIBUTED TRUST INCOME TO THE SCHOOL'S ENDOWMENT THAT SUPPORTS THE SCHOOL'S KOHLER ENVIRONMENTAL CENTER.
LAKELAND UNIVERSITY DISTRIBUTED TRUST INCOME TO THE SCHOOL'S ENDOWMENT SUPPORTING KOHLER TEACHING SCHOLARS PROGRAM, LAKELAND PROMISE PROGRAM, COOPERATIVE EDUCATION TRANSPORTATION, EXPANDED COUNSELING SERVICES.
KNOX COLLEGE - SUPPORT SCHOLARSHIP EFFORTS OF THIS ORGANIZATION NAMED IN THE TRUST'S GOVERNING INSTRUMENT BY DISTRIBUTING INCOME TO THEM - $50,000SMITH COLLEGE - SUPPORT SCHOLARSHIP EFFORTS OF THIS ORGANIZATION NAMED IN THE TRUST'S GOVERNING INSTRUMENT BY DISTRIBUTING INCOME TO THEM - $30,000LAWRENCE UNIVERSITY- SUPPORT KOHLER HALL RENOVATIONS - $200,000
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Kohler Chairperson/trustee | OfficerTrustee | 0.1 | $0 |
Renee Boldt Secretary/trustee | OfficerTrustee | 0.1 | $0 |
Ed Mckelvey Deceased 112221 Trustee | Trustee | 0.1 | $0 |
Herbert V Kohler Jr Trustee | Trustee | 0.1 | $0 |
Steve Woods Trustee | Trustee | 0.1 | $0 |
Jeffrey P Cheney Elected Trustee 1/26/22 | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $5,370,740 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $214,416 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,585,156 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,206,438 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,125 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,634 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $628 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $95,100 |
| Total functional expenses | $5,311,925 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $663 |
| Savings and temporary cash investments | $9,957 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,831,722 |
| Investments—other securities | $7,226,430 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,068,772 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $9,068,772 |
| Net assets with donor restrictions | $0 |
| 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 | $9,068,772 |
Grants Awarded
Over the last fiscal year, Kohler Trust For The Arts And Education has awarded $5,206,438 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Sheboygan, WI PURPOSE: OPERATING FUND AND ARTS PRESERVE FUND, ARTS/INDUSTRY SUPPORT | $4,426,438 |
Plymouth, WI PURPOSE: DISTRIBUTED TRUST INCOME TO THE SCHOOL'S ENDOWMENT SUPPORTING KOHLER TEACHING SCHOLARS PROGRAM, LAKELAND PROMISE PROGRAM, COOPERATIVE EDUCATION TRANSPORTATION, EXPANDED COUNSELING SERVICES. | $250,000 |
Wallingford, CT PURPOSE: ENDOWMENT FOR KOHLER ENVIRONMENTAL CENTER | $250,000 |
Appleton, WI PURPOSE: ENDOWMENT SUPPORTING KOHLER HALL RENOVATIONS | $200,000 |
Galesburg, IL PURPOSE: KOHLER ENDOWED SCHOLARSHIP FUND | $50,000 |
Northampton, MA PURPOSE: RUTH DEYOUNG KOHLER SCHOLARSHIP | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Figge Art Museum Davenport, IA | $8,061,931 | $3,020,890 |