Layton Art Collection Inc
- Assets
- $1.9m
- Revenue
- $108.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 11/1984
- Data as of
- 12/2021
- EIN
- 39-1476621
Organization Overview
Layton Art Collection Inc is located in Milwaukee, WI. The organization was established in 1984. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., 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. Layton Art Collection 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 12/2021, Layton Art Collection Inc generated $108.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (13.3%) each year. All expenses for the organization totaled $49.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (18.2%) per year over the past 7 years. 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
ACQUISITION, EXHIBITION, AND MAINTENANCE OF THE ORGANIZATION'S PERMANENT ART COLLECTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION'S PERMANENT ART COLLECTION IS EXHIBITED AT A PUBLIC ART MUSEUM IN MILWAUKEE, WISCONSIN. THOUSANDS OF PERSONS ARE ABLE TO VIEW THE PERMANENT COLLECTION ANNUALLY. IN ADDITION, THE ORGANIZATION MAINTAINS ITS COLLECTION THROUGH CONSERVATION AND REFRAMING ITS WORKS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Gromacki President/trustee | OfficerTrustee | 1 | $0 |
Jodi Rb Eastberg Secretary/trustee | OfficerTrustee | 1 | $0 |
Sarah Slaughter Vice President/trustee | OfficerTrustee | 1 | $0 |
Jock Mutschler Treasurer/trustee | OfficerTrustee | 1 | $0 |
Mary B Read Trustee | Trustee | 1 | $0 |
John C Eastberg Trustee | Trustee | 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 | $70,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $70,000 |
| Total Program Service Revenue | $0 |
| Investment income | $38,650 |
| 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 | $108,650 |
| 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. | $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 | $3,825 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,575 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,659 |
| All other expenses | $0 |
| Total functional expenses | $49,544 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $52,284 |
| 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 | $106,415 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,757,138 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,915,837 |
| 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 | $1,188,330 |
| Net assets with donor restrictions | $727,507 |
| 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 | $1,915,837 |
Endowment Analysis
| Beg. Balance | $1,012,711 |
| Earnings | $73,240 |
| Ending Balance | $1,085,951 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gps Education Partners Inc Waukesha, WI | $3,399,978 | $6,380,793 |
Chicago Humanities Festival Chicago, IL | $20,433,533 | $6,135,727 |
Ashley For The Arts Ltd Arcadia, WI | $72,807 | $2,501,773 |
Duluth & North Shore Railway Inc Duluth, MN | $669,845 | $2,790,590 |
3arts Inc Chicago, IL | $12,078,620 | $2,551,186 |
Lunda Community Center Inc Black River Falls, WI | $21,403,243 | $624,709 |
Culturesource Detroit, MI | $3,009,357 | $2,825,503 |
Mainframe Studios Des Moines, IA | $8,963,700 | $1,124,336 |
Walters Family Foundation Milford, MI | $17,995,622 | $1,842,537 |
Morrison-Shearer Foundation Northbrook, IL | $7,463,772 | $384,897 |
Hispanic Advocacy And Community Empowerment Through Research Saint Paul, MN | $982,108 | $1,506,665 |
Prairie Lakes Regional Arts Council Inc Waseca, MN | $117,408 | $791,048 |