Galena Center For The Arts Inc
- Assets
- $1.6m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 1
- Location
- Galena, IL
- Founding
- 09/2014
- Data as of
- 05/2021
- EIN
- 46-3188962
Organization Overview
Galena Center For The Arts Inc is located in Galena, IL. The organization was established in 2014. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Galena Center For The Arts 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 05/2021, Galena Center For The Arts Inc generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 49.8% each year . All expenses for the organization totaled $145.2k during the year ending 05/2021. While expenses have increased by 16.4% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE CORPORATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, ARTISTIC AND LITERARY PURPOSES. SUCH PURPOSES MAY INCLUDE BUT ARE NOT LIMITED TO THE DEVELOPMENT OF A SELF-SUSTAINING CENTER FOR THE ARTS IN GALENA, IL. THE ART CENTER IS TO INCLUDE A PERFORMANCE VENUE, GALLERY SPACES, AND EDUCATIONAL PROGRAMMING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPMENT OF A SELF-SUSTAINING CENTER FOR THE ARTS IN GALENA, IL.
DEVELOPMENT OF A SELF-SUSTAINING CENTER FOR THE ARTS IN GALENA, IL.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Blaum President | Officer | 2 | $0 |
Irene Thraen-Borowski Vice Preside | Officer | 2 | $0 |
Al Jirkovsky Treasurer | Officer | 2 | $0 |
Connie Warnsing Secretary | Officer | 2 | $0 |
Matthew Carroll Director | Trustee | 1 | $0 |
Jay Dickerson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,130,821 |
| Investment income | $394 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,169,215 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,132 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $615 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,389 |
| Fees for services: Accounting | $3,072 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $76,057 |
| Advertising and promotion | $3,250 |
| Office expenses | $8,751 |
| Information technology | $1,635 |
| Royalties | $329 |
| Occupancy | $15,565 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,448 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,058 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $145,215 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $68,491 |
| Savings and temporary cash investments | $252,662 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,609,052 |
| Accounts payable and accrued expenses | $174 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $381,276 |
| Total liabilities | $381,450 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $1,227,602 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Galena Center For The Arts Inc has recieved totaling $160,102.
| Awarding Organization | Amount |
|---|---|
Willow Springs Charitable Tr Mt Carroll, IL PURPOSE: GENERAL PURPOSE | $160,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $102 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Center Of Creative Arts Saint Louis, MO | $22,497,336 | $9,712,696 |
Bertha D Garten Ketcham Memorial Center Inc Odon, IN | $9,035,091 | $6,675,118 |
Kohler Trust For The Arts And Education Kohler, WI | $9,068,772 | $5,585,156 |
Kranzberg Arts Foundation St Louis, MO | $18,112,007 | $6,602,930 |
The Center For The Performing Arts Inc Carmel, IN | $11,269,434 | $4,631,898 |
American College Of Occupational And Environmental Medicine Elk Grove Village, IL | $5,115,240 | $3,683,433 |
Winnetka Community House Winnetka, IL | $15,269,238 | $4,423,430 |
Association Of American Voices Saint Louis, MO | $696,688 | $3,487,679 |
Brucemore Inc Cedar Rapids, IA | $18,035,244 | $1,902,736 |