The Clearing
- Assets
- $3.9m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 31
- Location
- Ellison Bay, WI
- Founding
- 04/1938
- Data as of
- 12/2021
- EIN
- 39-6075633
Organization Overview
The Clearing is located in Ellison Bay, WI. The organization was established in 1938. According to its NTEE Classification (A70) the organization is classified as: Humanities, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Clearing employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clearing 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, Clearing generated $2.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 10.0% each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. While expenses have increased by 2.2% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ORGANIZATION IS EXEMPT AS AN INDEPENDENT SCHOOL OFFERING CLASSES IN THE ARTS, NATURE, AND THE HUMANITIES.
Describe the Organization's Program Activity:
AN ADULT RETREAT OFFERING ONE WEEK CLASSES FROM MAY TO OCTOBER, 1-3 DAY WORKSHOP CLASSES FROM MAY TO NOVEMBER AND SINGLE DAY CLASSES IN JANUARY AND FEBRUARY ON VARIOUS TOPICS. PROGRAM SERVICES INCLUDE INSTRUCTION, ROOM AND BOARD (SUMMER PROGRAM).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Schneider Executive Director | Officer | 40 | $95,518 |
Terrie Cooper Secretary | OfficerTrustee | 1 | $0 |
Tom Alt Vice President | OfficerTrustee | 1 | $0 |
Gary Chaudoir President | OfficerTrustee | 10 | $0 |
Carolyn Kimbell Treasurer | OfficerTrustee | 1 | $0 |
Nita Herreman Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $24,595 |
| Fundraising events | $0 |
| Related organizations | $285,000 |
| Government grants | $232,080 |
| All other contributions, gifts, grants, and similar amounts not included above | $743,111 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,284,786 |
| Total Program Service Revenue | $679,644 |
| Investment income | $36,649 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $10,313 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $10,941 |
| Net Income from Gaming Activities | $80 |
| Net Income from Sales of Inventory | $48,724 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,072,867 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $10,580 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $95,518 |
| Compensation of current officers, directors, key employees. | $22,181 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $437,530 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $57,555 |
| Payroll taxes | $49,128 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,224 |
| Fees for services: Accounting | $18,902 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,590 |
| Office expenses | $35,883 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $90,298 |
| Travel | $609 |
| 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 | $120,158 |
| Insurance | $32,476 |
| All other expenses | $38,225 |
| Total functional expenses | $1,188,787 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,326,147 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $365,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $30,254 |
| Prepaid expenses and deferred charges | $21,055 |
| Net Land, buildings, and equipment | $1,736,285 |
| Investments—publicly traded securities | $444,982 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,923,723 |
| Accounts payable and accrued expenses | $100,321 |
| Grants payable | $0 |
| Deferred revenue | $71,398 |
| 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 | $171,719 |
| Net assets without donor restrictions | $3,436,974 |
| Net assets with donor restrictions | $315,030 |
| 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 | $3,923,723 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that The Clearing has recieved totaling $23,367.
| Awarding Organization | Amount |
|---|---|
Organization Name not Listed PURPOSE: GENERAL | | $15,000 |
Irene L Luethge Charitable Tr Uw Las Vegas, NV PURPOSE: GENERAL OPERATING | $6,000 |
Hugh And Helena Brogan Foundation Stevens Point, WI PURPOSE: UPGRADE CAMPUS FLAGSTONE WALK | $2,000 |
Herbert H Kohl Charities Inc Milwaukee, WI PURPOSE: TO FUND APPROVED PUBLIC CHARITIES | $300 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $42 |
Baird Foundation Inc Milwaukee, WI PURPOSE: HEALTH AND HUMAN SERVICES | $25 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Poetry Foundation Chicago, IL | $341,014,923 | $70,333,831 |
Illinois Humanities Council Incorporated Chicago, IL | $2,155,468 | $4,480,636 |
National Forensic League West Des Moines, IA | $5,499,014 | $3,952,491 |
Theosophical Society In America Wheaton, IL | $22,823,765 | $2,640,124 |
Latinos Progresando Chicago, IL | $6,508,796 | $5,179,126 |
American Writers Museum Chicago, IL | $5,150,018 | $2,061,086 |
Loft Inc Minneapolis, MN | $5,784,467 | $2,615,373 |
Detroit Ringo Kai Novi, MI | $1,951,279 | $2,304,072 |
Wisconsin Humanities Council Madison, WI | $372,757 | $2,007,119 |
Michigan Humanities Council Okemos, MI | $1,368,817 | $1,471,188 |
Insideout Literary Arts Project Detroit, MI | $1,960,746 | $1,652,702 |
The Clearing Ellison Bay, WI | $3,923,723 | $2,072,867 |