Black Box Fund Inc
- Assets
- $171.7k
- Revenue
- $660.6k
- Investments
- $0.0
- Employees
- 2
- Location
- Milwaukee, WI
- Founding
- 08/2019
- Data as of
- 12/2021
- EIN
- 83-4487295
Organization Overview
Black Box Fund Inc is located in Milwaukee, WI. The organization was established in 2019. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Black Box Fund Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Black Box Fund 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, Black Box Fund Inc generated $660.6k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 33.5% each year . All expenses for the organization totaled $670.9k during the year ending 12/2021. While expenses have increased by 35.4% per year over the past 3 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
BLACK BOX FUND, INC. SUPPORTS PUBLIC ART, MUSIC AND PERFORMANCE THAT INSPIRES, EDUCATES AND ENHANCES THE WELL-BEING OF OUR MILWAUKEE COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION WORKED TO ACTIVATE CREATIVE COMMUNICTY SPACES THROUGH HOSTING PROGRAMS AND SPONSORING ADDITIONAL MILWAUKEE ART PROJECTS. BLACK BOX FUND, INC. HOSTED ITS OUT OF THE BOX EVENT, A SIX-WEEK SERIES WHICH FEATURED A WIDE RANGE OF FAMILY-FRIENDLY PERFORMANCES, WORKSHOPS, WALKING AND LEARNING TOURS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doug Mcdonald President | OfficerTrustee | 4 | $0 |
Margaret Czaplewski Secretary/treasurer | OfficerTrustee | 2 | $0 |
Monique Charlier Vice President | OfficerTrustee | 4 | $0 |
Deborah Kern Board Member | Trustee | 1 | $0 |
Ian Abston Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $654,856 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $654,856 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,390 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $660,563 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $182,606 |
| 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 | $113,919 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,202 |
| Payroll taxes | $8,690 |
| Fees for services: Management | $17,925 |
| Fees for services: Legal | $9,266 |
| Fees for services: Accounting | $13,065 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $254,559 |
| Advertising and promotion | $12,419 |
| Office expenses | $21,559 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,393 |
| Travel | $3,112 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $123 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,717 |
| All other expenses | $0 |
| Total functional expenses | $670,923 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $84,241 |
| Savings and temporary cash investments | $0 |
| 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 | $2,502 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $84,204 |
| Other assets | $750 |
| Total assets | $171,697 |
| Accounts payable and accrued expenses | $14,687 |
| Grants payable | $90,000 |
| 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 | $104,687 |
| Net assets without donor restrictions | $67,010 |
| 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 | $171,697 |
Grants Awarded
Over the last fiscal year, Black Box Fund Inc has awarded $362,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Milwaukee, WI PURPOSE: SCULPTURE | $270,000 |
Milwaukee, WI PURPOSE: ART BAG PROJECT | $37,500 |
Milwaukee, WI PURPOSE: ARTIST RELIEF FUND | $30,000 |
West Bend, WI PURPOSE: CHALK THE STATE PROGRAM | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Black Box Fund Inc has recieved totaling $260,000.
| Awarding Organization | Amount |
|---|---|
Greater Milwaukee Foundation Inc Milwaukee, WI PURPOSE: OPERATING EXPENSES | $130,000 |
Greater Milwaukee Foundation Inc Milwaukee, WI PURPOSE: OPERATING EXPENSES | $130,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Interlochen Center For The Arts Interlochen, MI | $234,270,312 | $77,699,935 |
Macphail Center For Music Minneapolis, MN | $35,895,025 | $13,629,957 |
Music Institute Of Chicago Evanston, IL | $11,276,124 | $7,011,364 |
Flint Institute Of Arts Flint, MI | $64,606,144 | $9,980,420 |
Chicago Academy For The Arts Chicago, IL | $3,169,468 | $6,255,209 |
Blue Lake Fine Arts Camp Twin Lake, MI | $13,832,939 | $7,779,561 |
Frazier Academy Design Team Inc Chicago, IL | $0 | $3,133,368 |
Oxbow Saugatuck, MI | $6,747,769 | $2,600,895 |
Ingenuity Incorporated Chicago Chicago, IL | $7,892,105 | $6,208,550 |
Marwen Foundation Chicago, IL | $21,640,226 | $2,262,448 |
Urban Gateways Chicago, IL | $1,900,361 | $2,567,092 |
Northern Clay Center Minneapolis, MN | $4,214,446 | $1,584,059 |