Emerson Cultural Center Inc
- Assets
- $4.6m
- Revenue
- $1.0m
- Investments
- $22.0k
- Employees
- 10
- Location
- Bozeman, MT
- Founding
- 12/1993
- Data as of
- 06/2022
- EIN
- 81-0478307
Organization Overview
Emerson Cultural Center Inc is located in Bozeman, MT. The organization was established in 1993. According to its NTEE Classification (A61) the organization is classified as: Performing Arts Centers, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Emerson Cultural Center Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Emerson Cultural Center 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 06/2022, Emerson Cultural Center Inc generated $1.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $911.6k during the year ending 06/2022. While expenses have increased by 0.8% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE EMERSON'S MISSION IS TO BUILD COMMUNITY BY PROMOTING ART AND CULTURE, SET IN A HISTORIC BUILDING. TO ACHEIVE THIS, THE EMERSON CENTER FOR THE ARTS & CULTURE: 1) ENGAGES THE PUBLIC BY HOSTING AND CURATING EXHIBITIONS AND PROGRAMS OF REGIONAL AND NATIONAL RECOGNITION;2) PROMOTES ARTS EDUCATION THROUGH ITS ONGOING CLASSES AND OUTREACH TO PUBLIC SCHOOLS AND THE COMMUNITY;3) CELEBRATES BOZEMAN'S HISTORY THROUGH EFFECTIVE STEWARDSHIP OF ITS HISTORICAL FACILITY; 4) OFFERS THE COMMUNITY A VARIETY OF SPACES FOR STUDIOS, MEETINGS, PERFORMANCES, RECEPTIONS, CLASSES AND OTHER ACTIVITIES;5) LEADS THE WAY IN REGIONAL PUBLIC ART VIA CITY-WIDE PROJECTS WITH LASTING IMPACT; AND 6) WORKS IN COLLABORATION WITH ITS TENTANTS AND OTHER ARTS, CULTURAL AND CIVIC ORGANIZATIONS TO STIMULATE ECONOMIC ACTIVITY IN BOZEMAN AND TO FURTHER ITS REPUTATION AS A REGIONAL DESTINATION.
Describe the Organization's Program Activity:
TENANT AND PUBLIC SPACE RENTAL: ARTS-RELATED BUSINESSES/NONPROFIT ORGANIZATIONS - APPROXIMATELY 58 TENANTS. SPACES AVAILABLE FOR PUBLIC RENTAL - 3 (CRAWFORD THEATER, WEAVER ROOM, BALLROOM).
ART EDUCATION THROUGH CLASSES AND WORKSHOPS TAUGHT BY WORKING ARTISTS-TEACHERS, INCLUDING ARTISTS EXHIBITING WORK IN THE EMERSON'S CONTEMPORARY ART GALLERIES. CLASSES AND WORKSHOPS ARE EXHIBIT-INSPIRED, COMMUNITY-BASED, AND INTERDISCIPLINARY EXPLORATIONS OF PAINTING, DRAWING, SCULPTURE, MIXED MEDIA, PRINTMAKING, CERAMICS, AND NEW GENRE.
ARTS THROUGH EDUCATIONAL OUTREACH ASSOCIATED WITH ITS EXHIBITS. THE EMERSON CURATES AND HOSTS ART EXHIBITIONS OF SIGNIFICANT COMMUNITY VALUE. EMERGING AND ESTABLISHED CONTEMPORARY ARTISTS OF REGIONAL AND NATIONAL RECOGNITION EXHIBIT THEIR WORK REPRESENTING BOTH TRADITIONAL AND INNOVATIVE TECHNIQUES, MEDIA AND CONTENT WITH THE INTENT OF APPEALING TO DIVERSE AUDIENCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Denson-Guy Executive Director | Officer | 40 | $98,738 |
Suzy Rea Secretary | OfficerTrustee | 2 | $0 |
Jason Baide President | OfficerTrustee | 2 | $0 |
Lumay Wang Murphy Vice President | OfficerTrustee | 2 | $0 |
Mark Melief Treasurer | OfficerTrustee | 2 | $0 |
Lucas Swart Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,120 |
| Fundraising events | $15,684 |
| Related organizations | $0 |
| Government grants | $118,682 |
| All other contributions, gifts, grants, and similar amounts not included above | $100,174 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $235,660 |
| Total Program Service Revenue | $140,996 |
| Investment income | $5,061 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $643,056 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$1,347 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,024,732 |
| 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. | $110,000 |
| Compensation of current officers, directors, key employees. | $20,900 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $231,471 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $24,782 |
| Payroll taxes | $33,573 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $28,722 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $38,670 |
| Advertising and promotion | $6,109 |
| Office expenses | $27,139 |
| Information technology | $6,841 |
| Royalties | $0 |
| Occupancy | $124,086 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $198 |
| Interest | $41,272 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $108,936 |
| Insurance | $43,765 |
| All other expenses | $1,560 |
| Total functional expenses | $911,594 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $389,520 |
| Savings and temporary cash investments | $438,016 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $47,685 |
| 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 | $31,725 |
| Net Land, buildings, and equipment | $3,629,595 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $21,950 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,558,491 |
| Accounts payable and accrued expenses | $133,146 |
| 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 | $844,573 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $102,052 |
| Total liabilities | $1,079,771 |
| Net assets without donor restrictions | $3,343,878 |
| Net assets with donor restrictions | $134,842 |
| 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 | $4,558,491 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Emerson Cultural Center Inc has recieved totaling $12,776.
| Awarding Organization | Amount |
|---|---|
One Valley Community Foundation Bozeman, MT PURPOSE: UNRESTRICTED DONATION | $7,730 |
Montana Community Foundation Inc Helena, MT PURPOSE: 2021 ANNUAL DISTRIBUTION | $5,046 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sun Valley Summer Symphony Inc Sun Valley, ID | $21,678,504 | $4,964,216 |
Sun Valley Center For The Arts Inc Sun Valley, ID | $8,382,045 | $3,240,614 |
Sun Valley Performing Arts Center Inc Sun Valley, ID | $17,237,696 | $2,348,449 |
Festival At Sandpoint Inc Sandpoint, ID | $563,215 | $2,220,339 |
Wyo Theatre Inc Sheridan, WY | $4,306,747 | $947,384 |
Emerson Cultural Center Inc Bozeman, MT | $4,558,491 | $1,024,732 |
Idaho Grain Producers Assn Boise, ID | $298,952 | $565,604 |
The Matthews Opera House And Arts Center Spearfish, SD | $452,930 | $346,279 |
Renaissance Arts Center Inc Rupert, ID | $2,179,671 | $396,960 |
Spot Sun Valley Inc Ketchum, ID | $234,866 | $440,847 |
Butte Center For The Performing Arts Inc Butte, MT | $2,956,673 | $773,251 |
Panida Theater Committee Inc Sandpoint, ID | $878,565 | $235,931 |