Phipps Center For The Arts Inc
- Assets
- $9.0m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 22
- Location
- Hudson, WI
- Founding
- 01/1989
- Data as of
- 12/2023
- EIN
- 39-1360778
Organization Overview
Phipps Center For The Arts Inc is located in Hudson, WI. The organization was established in 1989. 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 12/2023, Phipps Center For The Arts Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Phipps Center For The Arts 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 12/2023, Phipps Center For The Arts Inc generated $1.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $2.0m during the year ending 12/2023. While expenses have increased by 3.7% per year over the past 9 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
THE PHIPPS CENTER FOR THE ARTS, PROPELLED BY OUR COMMUNITY-BASED ARTS COUNCIL, SERVES AS A WELCOMING AND OPEN HOME FOR THE ST. CROIX RIVER VALLEY REGION AND BEYOND, EMPOWERING AND CULTIVATING LIFELONG ARTISTIC EXPRESSION, PARTICIPATION AND APPRECIATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXHIBITIONS AND PRODUCTION COSTS: IN 2023, WE STAGED 113 PERFORMANCES, WHICH DREW 19,605 AUDIENCE MEMBERS. PERFORMANCES INCLUDED THEATER, CHILDREN'S THEATER, STAND-UP COMEDY, MUSIC AND DANCE. ADDITIONALLY, PROMOTION OF CULTURAL ACTIVITIES WITHIN THE LOCAL AREA BY PROVIDING A PLACE FOR PERFORMING ARTS TO BE HELD AS WELL AS SUPPORTING LOCAL COMMUNITY ART INITIATIVES.
CULTURAL PUBLIC EDUCATION: WE OFFERED INDIVIDUAL MUSIC LESSONS AND 254 CLASSES IN ARTS, DANCE, YOGA, TAI CHI AND ACTING, WITH 2103 STUDENTS ENROLLED. WE DISPLAYED ART IN OUR GALLERIES THROUGHOUT THE YEAR, AS WELL AS AT CROIXDALE SENIOR HOUSING IN BAYPORT, MN AND WOODLAND HILL SENIOR HOUSING IN HUDSON, WI THROUGH THE ENRICHING ARTS PROGRAM. IN THE SPRING WE HELD OUR ANNUAL EXHIBITION OF ART BY AREA HIGH SCHOOL STUDENTS AND AWARDED THE MARYLU BROWN SCHOLARSHIP TO GRADUATING SENIOR WHO INTENDED TO MAJOR IN ART THE FOLLOWING FALL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Monica Weekes President | OfficerTrustee | 1 | $0 |
Paul Mcginnis Vice Preside | OfficerTrustee | 1 | $0 |
Mark Schaeffer Secretary | OfficerTrustee | 1 | $0 |
Tom Van Pelt Treasurer | OfficerTrustee | 1 | $0 |
Mike Brown Board Member | Trustee | 1 | $0 |
Tom Dahle Board Member | Trustee | 1 | $10,322 |
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 | $565,699 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $565,699 |
| Total Program Service Revenue | $741,726 |
| Investment income | $159,208 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,583,707 |
| 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. | $152,683 |
| Compensation of current officers, directors, key employees. | $85,167 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $393,305 |
| Pension plan accruals and contributions | $19,683 |
| Other employee benefits | $50,017 |
| Payroll taxes | $32,364 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $28,914 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,512 |
| Fees for services: Other | $5,747 |
| Advertising and promotion | $35,503 |
| Office expenses | $17,519 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $79,133 |
| 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 | $282,392 |
| Insurance | $39,098 |
| All other expenses | $116,185 |
| Total functional expenses | $1,956,310 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $90,068 |
| Savings and temporary cash investments | $305,114 |
| Pledges and grants receivable | $57,500 |
| Accounts receivable, net | $1,336 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,134 |
| Prepaid expenses and deferred charges | $36,439 |
| Net Land, buildings, and equipment | $3,102,400 |
| Investments—publicly traded securities | $5,391,199 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,986,190 |
| Accounts payable and accrued expenses | $21,597 |
| Grants payable | $0 |
| Deferred revenue | $92,124 |
| 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 | $113,721 |
| Net assets without donor restrictions | $6,205,693 |
| Net assets with donor restrictions | $2,666,776 |
| 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 | $8,986,190 |