Monroe Street Arts Center Inc
- Assets
- $943.6k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 78
- Location
- Madison, WI
- Founding
- 01/1997
- Data as of
- 08/2023
- EIN
- 39-1854207
Organization Overview
Monroe Street Arts Center Inc is located in Madison, WI. The organization was established in 1997. 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 Street Arts Center Inc employed 78 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Monroe Street 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 Street Arts Center Inc generated $1.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $1.0m during the year ending 08/2023. While expenses have increased by 9.6% 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
TO PROVIDE A CREATIVE EDUCATIONAL ENVIRONMENT FOR FAMILIES AND STUDENTS OF ALL AGES (PRESCHOOL THROUGH SENIOR CITIZEN) IN ALL ARTISTIC ENDEAVORS BY OFFERING PRIVATE AND GROUP INSTRUCTION AND PROVIDING A PLACE FOR PERFORMANCES AND VISUAL ART EXHIBITS FOR STUDENTS AND COMMUNITY MEMBERS; TO ENCOURAGE AND SUPPORT AMATEUR, AS WELL AS THE PROFESSIONAL ARTIST; AND TO SUPPORT CREATIVE AND PERFORMING ARTS THROUGH CHARITABLE ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MONROE STREET ARTS CENTER (MSAC) IS A COMMUNITY SCHOOL OF THE ARTS LOCATED IN THE DYNAMIC DUDGEON-MONROE NEIGHBORHOOD IN MADISON, WISCONSIN. SINCE 1997, MSAC HAS BEEN MAKING THE ARTS COME ALIVE FOR MANY FAMILIES IN OUR COMMUNITY. BY PROVIDING HIGH-QUALITY PRIVATE AND GROUP INSTRUCTION TO ALL AGES, MSAC IS KEEPING THE DOOR OPEN FOR A LIFETIME OF CREATIVE EXPRESSION AND APPRECIATION OF THE ARTS. MSAC IS A WELCOMING, INCLUSIVE ENVIRONMENT WHERE WE COME TOGETHER TO LEARN, MAKE, AND SHARE MUSIC AND ART. WE CULTIVATE A TEAM OF CARING INSTRUCTORS WHO ARE FIRST-RATE ARTISTS AND MUSICIANS, AND CREATE OUTLETS FOR ARTISTIC EXPRESSION THROUGH RECITALS, EXHIBITS, AND OUTREACH OPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ralph Russo President | OfficerTrustee | 1 | $0 |
Seep Paliwal Vice President | OfficerTrustee | 1 | $0 |
Jp Croake Treasurer | OfficerTrustee | 1 | $0 |
Eve Galanter Director | Trustee | 1 | $0 |
Rachel Werner Director | Trustee | 1 | $0 |
Lucy Greimel Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $8,750 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $55,609 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $64,359 |
| Total Program Service Revenue | $974,612 |
| Investment income | $1,614 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$2,009 |
| Net Income from Gaming Activities | $2,450 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,041,396 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $799 |
| 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. | $55,517 |
| Compensation of current officers, directors, key employees. | $6,662 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $414,724 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,601 |
| Payroll taxes | $41,022 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $627 |
| Fees for services: Accounting | $2,156 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,136 |
| Advertising and promotion | $2,418 |
| Office expenses | $45,682 |
| Information technology | $8,220 |
| Royalties | $0 |
| Occupancy | $201,361 |
| Travel | $2,576 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,994 |
| Interest | $31 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,401 |
| Insurance | $14,793 |
| All other expenses | $4,954 |
| Total functional expenses | $1,011,819 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $272,600 |
| Savings and temporary cash investments | $312,602 |
| Pledges and grants receivable | $20,000 |
| 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 | $9,396 |
| Net Land, buildings, and equipment | $328,971 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $943,569 |
| Accounts payable and accrued expenses | $27,261 |
| Grants payable | $0 |
| Deferred revenue | $118,758 |
| 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 | $146,019 |
| Net assets without donor restrictions | $745,766 |
| Net assets with donor restrictions | $51,784 |
| 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 | $943,569 |