Presser Arts Center
- Assets
- $4.5m
- Revenue
- $438.6k
- Investments
- $0.0
- Employees
- 3
- Location
- Mexico, MO
- Founding
- 08/1988
- Data as of
- 12/2022
- EIN
- 43-1465122
Organization Overview
Presser Arts Center is located in Mexico, MO. The organization was established in 1988. According to its NTEE Classification (A82) the organization is classified as: Historical Societies & Historic Preservation, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Presser Arts Center employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Presser Arts Center 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, Presser Arts Center generated $438.6k 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 (5.2%) each year. All expenses for the organization totaled $575.3k during the year ending 12/2022. 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
OUR MISSION IS TO INSPIRE, ENTERTAIN, AND EDUCATE PEOPLE IN THE ARTS BY PROVIDING THE FINEST VENUE, PRODUCTIONS, AND PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAMPS - PRESSER PROVIDES AROUND 40 SUMMER CAMPS AT THE 900 JEFFERSON LOCATION WITH AN ENROLLMENT OF APPROX. 300-400 PARTICIPANTS. THESE CAMPS RANGE IN CULTURAL ARTS FROM MUSIC, THEATRE, COOKING, SPECIAL NEEDS, TO VISUAL AND AERIAL ARTS.
PRODUCTIONS - PRESSER PRODUCTIONS EMPLOY PROFESSIONAL AND PRE-PROFESSIONAL ARTISTS AS DIRECTORS, MUSIC DIRECTORS, CHOREOGRAPHERS AND ACTORS. COMPRISED OF SOME OF THE BEST TALENTS PRESSERS OFFERS THE HIGHEST CALIBER, CROSS-DISCIPLINARY, LIVE THEATRE PERFORMANCES FOR THE MID MISSOURI REGION. PRESSER PROVIDES OPPORTUNITIES FOR FAMILIES TO EPERIENCE ENGAGING THEATRE TOGETHER AND STRIVES TO MAKE THESE SHOWS ACCESSIBLE TO THE WIDEST POSSIBLE DEMOGRAPHIC. AROUND 5500 PEOPLE ATTEND THESE PERFORMANCES.
PRESSER PROVIDES SUMMER CLASSES, WORKSHOPS, AND PROFESSIONAL DEVELOPMENT IN VISUAL AND PERFORMING ARTS. PRESSER ALSO EXIBITS ARTWORK OF LOCAL AND STATEWIDE RECOGNIZED ARTISTS IN ITS GALLERY. ENROLLMENT FOR THE MOST RECENT FISCAL YEAR WAS 175 , WHICH INCLUDES PRE-PROFESSIONAL AND PROFESSIONAL ARTISTS. AS MANY AS 9 SCHOOL DISTRICTS ARE SERVED AT OUR PROFESSIONAL DEVELOPMENT EVENT, AND AS MANY AS 40 PEOPLE IN ATTENDENCE. THE ARTS AND AGING CONFERENCE KNOWN AS THE DAYLIGHTERS CONFERENCE WAS ATTENDED BY 42 PEOPLE. WITH ACCESS AS A CORE VALUE, PRESSER PROVIDES OPPORTUNITIES FOR OUR AGING COMMUNITY TO ENGAGE IN THE ARTS DURING THE DAYLIGHT HOURS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lois Brace Exec Dir | OfficerTrustee | 40 | $69,807 |
Lisa Snow Secretary | OfficerTrustee | 2 | $0 |
Mark Weaver Treasurer | OfficerTrustee | 2 | $0 |
Bruce Kasubke Vice President | OfficerTrustee | 2 | $0 |
Kate Becker Member | Trustee | 1 | $0 |
John Pasley Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $12,546 |
| Fundraising events | $60,963 |
| Related organizations | $0 |
| Government grants | $104,811 |
| All other contributions, gifts, grants, and similar amounts not included above | $27,300 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $205,620 |
| Total Program Service Revenue | $186,018 |
| Investment income | $24,977 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $22,385 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$621 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $438,576 |
| 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. | $69,807 |
| Compensation of current officers, directors, key employees. | $69,807 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $51,626 |
| Pension plan accruals and contributions | $2,484 |
| Other employee benefits | $0 |
| Payroll taxes | $11,806 |
| Fees for services: Management | $3,500 |
| Fees for services: Legal | $1,461 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $7,988 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $46,651 |
| Travel | $4,822 |
| 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 | $260,101 |
| Insurance | $22,705 |
| All other expenses | $1,709 |
| Total functional expenses | $575,327 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $56,592 |
| Savings and temporary cash investments | $37,083 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $855 |
| 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 | $0 |
| Net Land, buildings, and equipment | $3,659,978 |
| Investments—publicly traded securities | $703,103 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $50,088 |
| Total assets | $4,507,699 |
| Accounts payable and accrued expenses | $1,319 |
| Grants payable | $0 |
| Deferred revenue | $1,966 |
| 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 | $23,224 |
| Total liabilities | $26,509 |
| Net assets without donor restrictions | $3,731,190 |
| Net assets with donor restrictions | $750,000 |
| 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 | $4,507,699 |