Spirit Of The Rivers Monument Charitable Corporation Inc
- Assets
- $164.9k
- Revenue
- $5.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Two Rivers, WI
- Founding
- 04/2011
- Data as of
- 06/2019
- EIN
- 27-4167030
Organization Overview
Spirit Of The Rivers Monument Charitable Corporation Inc is located in Two Rivers, WI. The organization was established in 2011. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, 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. Spirit Of The Rivers Monument Charitable Corporation 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 06/2019, Spirit Of The Rivers Monument Charitable Corporation Inc generated $5.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (49.5%) each year. All expenses for the organization totaled $222.9k during the year ending 06/2019. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
DEVELOP AN ORGANIZATION TO CREATE A BRONZE MONUMENT BY ARTIST R.T. WALLEN HONORING AMERICAN INDIAN CULTURE OF THE GREAT LAKES REGION; INSPIRE COMMUNITY SUPPORT TO ERECT AND SUSTAIN THE SPIRIT OF THE RIVERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE HAVE THREE PROGRAMS TO OUR ORGANIZATION. ONE WAS TO FORM AN ORGANIZATION TO SUPPORT THE BUILDING AND COMPLETION OF THIS MONUMENT; ANOTHER IS TO COMPLETE THE MONUMENT AND THE OTHER IS TO RAISE FUNDS TO COMPLETE THE PROJECT. THE BOARD OF DIRECTORS WAS FORMED IN 2011 AND SET ABOUT LAYING THE GROUNDWORK FOR THE ORGANIZATION, WHICH HAS MET MONTHLY SINCE ITS INCEPTION. OPEN HOUSES WERE HELD TO SHOWCASE THIS EXTRAORDINARY WORK.
WE ALSO HAVE AN EDUCATION COMMITTEE THAT SEEKS TO SPREAD THE HISTORICAL AND CULTURAL INFORMATION THE MONUMENT INSPIRES. NUMEROUS ARTICLES HAVE BEEN WRITTEN AND PUBLISHED IN LOCAL NEWSPAPERS AND RELATED MAGAZINES. AREA SCHOOLS HAVE BROUGHT THEIR STUDENTS TO LISTEN TO THE ARTIST, MR. WALLEN, DESCRIBE THE CREATIVE PROCESS AND ORIGIN OF THE MONUMENT SUBJECT. STUDENTS VISITED THROUGHOUT THE YEAR. EVIDENCE OF THEIR VISITS LINE THE WALLS IN SKETCHES DRAWN BY THE STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol Wergin Co-President | OfficerTrustee | 20 | $0 |
Jeff Dawson Secretary | OfficerTrustee | 1.5 | $0 |
Joe Metzen Co-President | OfficerTrustee | 10 | $0 |
Thomas A Van Horn Treasurer | OfficerTrustee | 1.5 | $0 |
Kerry Trask Board Member | Trustee | 0.5 | $0 |
Carole Witt Starck Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $63,204 |
| Investment income | $837 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$58,862 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,197 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,344 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $75 |
| Office expenses | $1,143 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $48 |
| Travel | $7,029 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $222,869 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,385 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $127,500 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $164,885 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $164,885 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $164,885 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Spirit Of The Rivers Monument Charitable Corporation Inc has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Credit Unions Chartered In The State Of Michigan Plymouth, MI | $1,253,139,306 | $61,092,324 |
Chicago Architecture Foundation Chicago, IL | $18,456,323 | $14,699,492 |
Fenestration And Glazing Industry Alliance Schaumburg, IL | $6,384,205 | $4,966,632 |
Fibre Box Association Itasca, IL | $1,560,987 | $3,611,412 |
Hyde Park Art Center Chicago, IL | $13,112,741 | $7,741,893 |
American Craft Council Minneapolis, MN | $6,869,826 | $3,121,094 |
Arts Club Of Chicago Chicago, IL | $22,777,301 | $152,339 |
Graham Foundation For Advanced Studies In The Fine Arts Chicago, IL | $0 | $687,158 |
Pewabic Society Inc Detroit, MI | $5,130,048 | $2,328,763 |
Artprize Grand Rapids Grand Rapids, MI | $1,087,754 | $2,849,118 |
Midwest Old Settlers And Threshers Assn Inc Mt Pleasant, IA | $5,724,252 | $3,761,020 |
Union Construction Crafts Workers Compensation Fund Bloomington, MN | $541,374 | $1,672,771 |