Arts Council Of Midland
- Assets
- $967.2k
- Revenue
- $554.4k
- Investments
- $0.0
- Employees
- 3
- Location
- Midland, TX
- Founding
- 10/1983
- Data as of
- 09/2023
- EIN
- 75-1894442
Organization Overview
Arts Council Of Midland is located in Midland, TX. The organization was established in 1983. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2023, Arts Council Of Midland employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arts Council Of Midland 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 09/2023, Arts Council Of Midland generated $554.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $528.5k during the year ending 09/2023. While expenses have increased by 5.7% 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.
Since 2015, Arts Council Of Midland has awarded 71 individual grants totaling $809,749. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CELEBRATION OF THE ARTS - AN ANNUAL THREE DAY VISUAL AND PERFORMING ARTS FESTIVAL THAT BRINGS TOGETHER AN ARRAY OF ART ACTIVITIES, PERFORMANCES, AND DISPLAYS TO DOWNTOWN MIDLAND IN A FAMILY ORIENTED EVENT. VISUAL ARTS ARE LOCAL, REGIONAL, AND NATIONAL ARTISTS WHO ARE JURIED IN TO PARTICIPATE IN THE FESTIVAL. PERFORMING ARTISTS, MOSTLY LOCAL, HAVE A STAGE AND CAPTIVE VISITORS TO LISTEN TO OR VIEW THEIR ACTS. SPONSORS ARE TREATED TO A PREMIER PARTY WITH FOOD AND BEVERAGES AND GET THE FIRST OPPORTUNITY TO SEE THE VISUAL ARTISTS WORK. THROUGHOUT THE DAY ON SATURDAY AND SUNDAY, THERE ARE VISUAL AND PERFORMING ARTISTS, ART ACTIVITIES THAT INCLUDE TAKE AWAY PROJECTS FOR CHILDREN, DEMONSTRATIONS, INFORMAL LECTURES, AND SEVERAL NONPROFIT ORGANIZATIONS THAT HIGHLIGHT THEIR ORGANIZATIONS FOR VISITORS.
SUBGRANTING PROGRAM THAT PROVIDES FUNDS TO LOCAL QUALIFYING ORGANIZATIONS FOR USE IN PROVIDING ART PROGRAMS IN THE MIDLAND AREA. SUBGRANTS ARE DISPERSED THROUGH THIS SYSTEMATIC AND COORDINATED APPLICATION PROCESS TO ORGANIZATIONS THAT RANGE IN SIZE AND LENGTH OR EXISTENCE THAT REQUEST FUNDS FOR STIMULATING NEW ACTIVITIES, OUT OF THE ORDINARY PROJECTS, AND LAUDABLE PROGRAMMING.
OTHER PROGRAMS OTHER PROGRAMS INCLUDE THE SCULPTURE GARDEN ON THE GROUNDS OF THE ARTS COUNCIL OFFICES, WHICH INCLUDES SEVERAL SCULPTURES WITH PLANS OF EXPANDING, A QUARTERLY VISUAL ART SERIES THAT SHOWCASES VARIOUS AREA FINE ARTISTS AND AN ARTIST COMMUNITY MARKET WHICH FEATURES LOCAL AND REGIONAL VISUAL AND PERFORMING ARTISTS. OTHER PROGRAM SERVICES INCLUDE ACM CLASSES OFFERED TWICE WEEKLY IN THE MORNINGS, AND EVENINGS WEEKLY THROUGHOUT THE YEAR. CLASSES INCLUDE WATERCOLORI PAINTING, DRAWING AND DESIGN, POTTERY AND CLAYWORKING. AT THE END OF FISCAL YEAR 2023, ACM INCURRED COSTS FOR ACQUIRING THE HISTORIC SCARBOROUGH LINEBERY HOUSE THAT WILL EVENTUAL BECOME ACM PERMANENT HOME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Danny Holeva Executive Director | Officer | 40 | $95,415 |
Stephanie Rivas President | OfficerTrustee | 1 | $0 |
Karl Rundgren Immediate Past President | OfficerTrustee | 1 | $0 |
Katie Grissam President-Elect | OfficerTrustee | 1 | $0 |
Katrina Lunceford Secretary | OfficerTrustee | 1 | $0 |
Laurie Williams Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $6,450 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $147,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $307,471 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $461,421 |
| Total Program Service Revenue | $81,202 |
| Investment income | $11,140 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $636 |
| 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 | $554,399 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $95,000 |
| 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. | $105,265 |
| Compensation of current officers, directors, key employees. | $10,526 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $54,601 |
| Pension plan accruals and contributions | $3,000 |
| Other employee benefits | $6,637 |
| Payroll taxes | $12,172 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,522 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $30,926 |
| Advertising and promotion | $21,679 |
| Office expenses | $18,510 |
| Information technology | $5,320 |
| Royalties | $0 |
| Occupancy | $66,910 |
| Travel | $1,095 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $744 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,303 |
| Insurance | $17,962 |
| All other expenses | $930 |
| Total functional expenses | $528,523 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,422 |
| Savings and temporary cash investments | $566,950 |
| 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 | $913 |
| Net Land, buildings, and equipment | $210,697 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $179,221 |
| Total assets | $967,203 |
| Accounts payable and accrued expenses | $6,958 |
| 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 | $0 |
| Total liabilities | $6,958 |
| Net assets without donor restrictions | $960,245 |
| 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 | $967,203 |
Grants Awarded
Over the last fiscal year, Arts Council Of Midland has awarded $95,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
BASIN PBS PURPOSE: Mainstreet Unplugged 2022 | $5,500 |
HISPANIC CULTURAL CENTER OF MIDLAND PURPOSE: Ballet Folklorico, Cinco de Mayo, Nueva Generacion | $22,750 |
KEEP MIDLAND BEAUTIFUL PURPOSE: Sculpture project | $3,000 |
LIVE ON STAGE PERMIAN BASIN PURPOSE: 2022 Concert Series | $5,000 |
MARC INC DBA SPECTRUM OF SOLUTIONS PURPOSE: Music Therapy Intern Project | $1,250 |
MIDLAND AFRICAN AMERICAN ROOTS HISTORICAL CULTURAL ARTS COUNCIL PURPOSE: Dallas Black Dance Theatre | $6,000 |