Monroe Street Arts Center Inc
- Assets
- $895.3k
- Revenue
- $839.0k
- Investments
- $0.0
- Employees
- 76
- Location
- Madison, WI
- Founding
- 01/1997
- Data as of
- 08/2022
- 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 08/2022, Monroe Street Arts Center Inc employed 76 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 08/2022, Monroe Street Arts Center Inc generated $839.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $795.5k during the year ending 08/2022. While expenses have increased by 7.3% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
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 |
|---|---|---|---|
Carey Zawlocki Executive Director | Officer | 40 | $50,500 |
Meghan Krause President | OfficerTrustee | 1 | $0 |
Megan Purtell Vice President | OfficerTrustee | 1 | $0 |
Emily Balsley Director | Trustee | 1 | $0 |
Lucy Greimel Director | Trustee | 1 | $0 |
Eve Galanter Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $8,565 |
| Related organizations | $0 |
| Government grants | $98,877 |
| All other contributions, gifts, grants, and similar amounts not included above | $35,920 |
| Noncash contributions included in lines 1a–1f | $3,250 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $143,362 |
| Total Program Service Revenue | $696,326 |
| Investment income | $81 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$2,723 |
| Net Income from Gaming Activities | $1,270 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $838,970 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $719 |
| 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. | $52,817 |
| Compensation of current officers, directors, key employees. | $6,338 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $347,052 |
| Pension plan accruals and contributions | $1,476 |
| Other employee benefits | $0 |
| Payroll taxes | $32,509 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,241 |
| Advertising and promotion | $4,530 |
| Office expenses | $33,723 |
| Information technology | $12,976 |
| Royalties | $0 |
| Occupancy | $180,591 |
| Travel | $2,363 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,667 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,401 |
| Insurance | $10,217 |
| All other expenses | $714 |
| Total functional expenses | $795,469 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $166,769 |
| Savings and temporary cash investments | $337,600 |
| Pledges and grants receivable | $23,423 |
| 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 | $23,110 |
| Net Land, buildings, and equipment | $344,372 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $895,274 |
| Accounts payable and accrued expenses | $34,500 |
| Grants payable | $0 |
| Deferred revenue | $87,230 |
| 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 | $121,730 |
| Net assets without donor restrictions | $751,697 |
| Net assets with donor restrictions | $21,847 |
| 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 | $895,274 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Monroe Street Arts Center Inc has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Walker Art Center Inc Minneapolis, MN | $379,213,744 | $50,426,261 |
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 |