Freeport Arts Center

Organization Overview

Freeport Arts Center, operating under the name Freeport Art Museum, is located in Freeport, IL. The organization was established in 1976. According to its NTEE Classification (A51) the organization is classified as: Art Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 08/2023, Freeport Art Museum employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Freeport Art Museum 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 08/2023, Freeport Art Museum generated $619.1k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 17.7% each year . All expenses for the organization totaled $366.2k during the year ending 08/2023. While expenses have increased by 7.5% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO ENHANCE AND PROMOTE THE HISTORICAL AND CULTURAL EDUCATION OF THE COMMUNITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ART MUSEUM - VISITORS TO EXHIBITS AND COLLECTIONS INCLUDING OFF-SITE ACTIVITIES. MUSEUM ALSO PROVIDES CLASSES FOR ADULTS AND CHILDREN IN THE VISUAL AND PERFORMING ARTS.


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Board, Officers & Key Employees

Name (title)Compensation
Jessica Modica
Executive Di
$75,000
Mark Durein
Director
$0
Josh Elliott
Director
$0
Kyle Fleischer
Director
$0
Elizabeth Foley
Director
$0
Nancy Heyen
Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$38,759
Fundraising events$0
Related organizations$0
Government grants $314,616
All other contributions, gifts, grants, and similar amounts not included above$119,061
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$472,436
Total Program Service Revenue$35,533
Investment income $85,376
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $2,562
Net Gain/Loss on Asset Sales $5,165
Net Income from Fundraising Events $14,026
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $798
Miscellaneous Revenue$0
Total Revenue $619,090

Peer Organizations

Organization NameAssets
Nelson Gallery Foundation
Kansas City, MO
$10,381,523
Indianapolis Museum Of Art Inc
Indianapolis, IN
$52,226,027
Milwaukee Art Museum Inc
Milwaukee, WI
$22,814,015
Museum Of Contemporary Art
Chicago, IL
$26,817,111
J B Speed Art Museum
Louisville, KY
$18,957,761
Edmundson Art Foundation Inc
Des Moines, IA
$14,551,253
Jayne Wrightsman Irr Trust Xxxxx7008
Chicago, IL
$4,917,259
Kemper Museum Operating Foundation
Kansas City, MO
$3,741,524
Fort Wayne Museum Of Art Inc
Fort Wayne, IN
$3,163,959
Madison Museum Of Contemporary Art Inc
Madison, WI
$1,957,356
Paine Art Center & Gardens Inc
Oshkosh, WI
$2,871,435
Racine Art Museum Association Inc
Racine, WI
$2,118,021
Charlotte Street Foundation
Kansas City, MO
$1,253,701
Cedar Rapids Museum Of Art
Cedar Rapids, IA
$1,111,034
Springfield Art Association Of Edwards Place
Springfield, IL
$1,093,774
Common Chord
Davenport, IA
$890,293
South Bend Museum Of Art Inc
South Bend, IN
$988,722
Elmhurst Art Museum
Elmhurst, IL
$1,158,204
Bronzeville Center For The Arts Inc
Milwaukee, WI
$4,303,528
Trout Museum Of Art Inc
Appleton, WI
$10,888,245
Bergstrom-Mahler Museum Inc
Neenah, WI
$1,558,977
Sheldon Swope Art Museum Inc
Terre Haute, IN
$2,496,210
Design Museum Of Chicago
Chicago, IL
$614,852
Rockford Art Museum
Rockford, IL
$764,649
Quincy Art Center
Quincy, IL
$372,431

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