The Clearing
- Assets
- $3.8m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 23
- Location
- Ellison Bay, WI
- Founding
- 04/1938
- Data as of
- 12/2022
- 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 12/2022, Clearing employed 23 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 12/2022, Clearing generated $1.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $1.3m during the year ending 12/2022. While expenses have increased by 3.2% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
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 |
|---|---|---|---|
Gary Chaudoir Board President | OfficerTrustee | 10 | $0 |
Tom Alt Board Vice President | OfficerTrustee | 1 | $0 |
Terrie Cooper Board Secretary | OfficerTrustee | 1 | $0 |
Carolyn Kimbell Board Treasurer | OfficerTrustee | 1 | $0 |
Bill Surbaugh Board Member | Trustee | 1 | $0 |
Curt Wessel Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $16,572 |
| Fundraising events | $0 |
| Related organizations | $62,500 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $333,188 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $412,260 |
| Total Program Service Revenue | $731,143 |
| Investment income | $43,649 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $11,235 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$156 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $40,118 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,241,122 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $33,695 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $98,374 |
| Compensation of current officers, directors, key employees. | $22,877 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $451,414 |
| Pension plan accruals and contributions | $13,373 |
| Other employee benefits | $53,265 |
| Payroll taxes | $45,132 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $33,388 |
| Fees for services: Accounting | $16,223 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $24,557 |
| Office expenses | $43,855 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $115,612 |
| Travel | $1,029 |
| 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 | $120,148 |
| Insurance | $28,267 |
| All other expenses | $44,657 |
| Total functional expenses | $1,310,934 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,325,575 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $47,708 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $31,062 |
| Prepaid expenses and deferred charges | $23,421 |
| Net Land, buildings, and equipment | $1,900,684 |
| Investments—publicly traded securities | $520,717 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,849,167 |
| Accounts payable and accrued expenses | $48,808 |
| Grants payable | $0 |
| Deferred revenue | $82,834 |
| 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 | $131,642 |
| Net assets without donor restrictions | $3,329,833 |
| Net assets with donor restrictions | $387,692 |
| 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 | $3,849,167 |