Kranzberg Arts Foundation
- Assets
- $18.1m
- Revenue
- $6.6m
- Investments
- $0.0
- Employees
- 0
- Location
- St Louis, MO
- Founding
- 07/2009
- Data as of
- 12/2021
- EIN
- 26-0482903
Organization Overview
Kranzberg Arts Foundation is located in St Louis, MO. The organization was established in 2009. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, 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. Kranzberg Arts Foundation 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, Kranzberg Arts Foundation generated $6.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 31.8% each year . All expenses for the organization totaled $5.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SPACE FOR PERFORMING ARTS AND COMMUNITY ARTS PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Hansen Foundation Manager | 40 | $195,221 | |
Becky Hale Director Of Special | 40 | $74,561 | |
Gina Grafos Director Of Visual I | 40 | $73,022 | |
Ann Mckeal Director Of Admin An | 40 | $70,495 | |
Robert Harris Director Of Bookings | 40 | $70,027 | |
Susan Mikulas Director Of Operatio | 40 | $65,703 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,291,926 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $461,780 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $129,313 |
| Other Income | $446,021 |
| Total Revenue | $6,602,930 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $195,221 |
| Other employee salaries and wages | $609,712 |
| Pension plans, employee benefits | $203,806 |
| Interest | $95,505 |
| Taxes | $63,066 |
| Depreciation | $425,442 |
| Occupancy | $286,729 |
| Travel, conferences, and meetings | $2,533 |
| Printing and publications | $9,370 |
| Other expenses | $1,802,218 |
| Total operating and administrative expenses | $3,792,465 |
| Contributions, gifts, grants paid | $1,257,744 |
| Total expenses and disbursements | $5,050,209 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,794 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $2,168,231 |
| Inventories for sale or use | $10,872 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $6,012,365 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $9,908,745 |
| Other assets | $1,000 |
| Total assets | $18,112,007 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $3,400,000 |
| Mortgages and other notes payable | $4,551,552 |
| Other liabilities | $0 |
| Total liabilities | $7,951,552 |
Grants Awarded
Over the last fiscal year, Kranzberg Arts Foundation has awarded $1,257,744 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
3333 WASHINGTON INC PURPOSE: TRANSFER TO TITLE HOLDING COMPANY | $1,230,544 |
Saint Louis, MO PURPOSE: PURCHASE HOUSING FOR LOW INCOME ARTISTS | $21,000 |
DOLLY'S GIRLS PRODUCTIONS INC PURPOSE: PRODUCTION SERVICES FOR DIGITAL SERIES | $6,200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cedars Youth Services Inc Lincoln, NE | $3,781,536 | $13,267,342 |
Puerto Rican Cultural Center Chicago, IL | $9,175,566 | $9,769,703 |
United States Artists Inc Chicago, IL | $40,639,117 | $6,830,121 |
Center Of Creative Arts Saint Louis, MO | $22,497,336 | $9,712,696 |
Music City Inc Nashville, TN | $1,837,848 | $7,930,504 |
Crosstown Arts Memphis, TN | $38,457,214 | $4,680,625 |
Applied Information Management Institute Omaha, NE | $8,071,442 | $4,851,557 |
Kranzberg Arts Foundation St Louis, MO | $18,112,007 | $6,602,930 |
Wichita Art Museum Inc Wichita, KS | $12,198,968 | $4,522,280 |
American College Of Occupational And Environmental Medicine Elk Grove Village, IL | $5,115,240 | $3,683,433 |
Winnetka Community House Winnetka, IL | $15,269,238 | $4,423,430 |
Association Of American Voices Saint Louis, MO | $696,688 | $3,487,679 |