Eau Claire Confluence Arts Inc
- Assets
- $54.9m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Eau Claire, WI
- Founding
- 02/2015
- Data as of
- 12/2021
- EIN
- 47-1799805
Organization Overview
Eau Claire Confluence Arts Inc is located in Eau Claire, WI. The organization was established in 2015. According to its NTEE Classification (A90) the organization is classified as: Arts Services, 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. Eau Claire Confluence 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 12/2021, Eau Claire Confluence Arts Inc generated $2.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 54.9% each year . All expenses for the organization totaled $3.1m during the year ending 12/2021. 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
CONSTRUCTION AND OPERATION OF AN ARTS FACILITY FOR THE BENEFIT OF THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORPORATION ACQUIRED PROPERTY FOR CONSTRUCTION OF THE ARTS FACILITY IN 2015 AND BEGAN CONSTRUCTION IN 2016. PLEDGES AND DONATIONS ARE CURRENTLY BEING COLLECTED BY THE UNIVERSITY OF WISCONSIN - EAU CLAIRE FOUNDATION INC. AND THE EAU CLAIRE COMMUNITY FOUNDATION. CONSTRUCTION OF THE ARTS CENTER WAS COMPLETED IN FALL OF 2018.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brandon Riechers Director/former President | OfficerTrustee | 2 | $0 |
Gerald Jacobson Director/treasurer | OfficerTrustee | 2 | $0 |
Kerry Kincaid Director/president | OfficerTrustee | 2 | $0 |
Mike Rindo Director/secretary | OfficerTrustee | 2 | $0 |
Bill Rupp Director/vice President | OfficerTrustee | 2 | $0 |
Dan Market Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Market & Johnson Construction Contract | 12/30/18 | $21,537,130 |
Camera Corner Construction Contract | 12/30/18 | $5,991,938 |
Commonweal Development Construction Contract | 12/30/18 | $416,119 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $854,120 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $818,653 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,672,773 |
| Total Program Service Revenue | $767,350 |
| Investment income | $33,146 |
| 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 | $2,573,269 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $20,448 |
| Fees for services: Legal | $1,770 |
| Fees for services: Accounting | $16,613 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,450 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $457,415 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,470,091 |
| Insurance | $46,452 |
| All other expenses | $0 |
| Total functional expenses | $3,060,810 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $250,707 |
| Savings and temporary cash investments | $1,116,681 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $580 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,061,474 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $52,483,518 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $54,912,960 |
| Accounts payable and accrued expenses | $152,511 |
| Grants payable | $0 |
| Deferred revenue | $42,600 |
| 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 | $23,362,963 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $23,558,074 |
| Net assets without donor restrictions | $31,354,886 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $54,912,960 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Eau Claire Confluence Arts Inc has recieved totaling $255,000.
| Awarding Organization | Amount |
|---|---|
Eau Claire Community Foundation Eau Claire, WI PURPOSE: CONFLUENCE BUILDING COSTS | $255,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ragdale Foundation Lake Forest, IL | $7,031,107 | $4,396,121 |
Eau Claire Confluence Arts Inc Eau Claire, WI | $54,912,960 | $2,573,269 |
Saveartspace Grand Blanc, MI | $216,862 | $790,017 |
De Pere Cultural Foundation Inc De Pere, WI | $53,635,326 | $47,909,418 |
Lawyers For The Creative Arts Chicago, IL | $1,154,153 | $854,234 |
Express Yourself Milwaukee Inc Milwaukee, WI | $0 | $354,864 |
Grand Marais Arts Inc Grand Marais, MN | $1,353,080 | $414,854 |
Latitude Inc Nfp Chicago, IL | $186,458 | $416,652 |
Chicago Artists Coalition Chicago, IL | $315,844 | $219,386 |
Detroit Artists Market Detroit, MI | $358,384 | $246,278 |
Chatfield Center For The Arts Inc Chatfield, MN | $223,954 | $306,186 |
Society For History And Racial Equity Kalamazoo, MI | $415,846 | $379,398 |