Tippecanoe Arts Federation Inc
- Assets
- $2.6m
- Revenue
- $935.0k
- Investments
- $0.0
- Employees
- 5
- Location
- Lafayette, IN
- Founding
- 12/1978
- Data as of
- 06/2022
- EIN
- 31-0942566
Organization Overview
Tippecanoe Arts Federation Inc is located in Lafayette, IN. The organization was established in 1978. According to its NTEE Classification (A26) the organization is classified as: Arts & Humanities Councils & Agencies, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Tippecanoe Arts Federation Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tippecanoe Arts Federation 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, Tippecanoe Arts Federation Inc generated $935.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $944.2k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Tippecanoe Arts Federation Inc has awarded 168 individual grants totaling $3,150,816. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE SERVICES AND PROMOTION FOR MEMBER ORGANIZATIONS IN THE ARTS COMMUNITY, PROVIDE SPACE FOR REGIONAL ARTISTS, AND ACT AS A RE-GRANTING AGENCY FOR STATE FUNDING FOR ARTS ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS: RE-GRANTING OF GRANTS FROM THE NORTH CENTRAL HEALTH SERVICES AND THE INDIANA ARTS COMMISSION.
OUTREACH PROGRAMS
MEMBERSHIP EVENTS: SPECIAL EVENTS, WORKSHOPS, REGIONAL SERVICES DIRECTOR, VARIOUS OTHER PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Huhnke President | OfficerTrustee | 1 | $0 |
Blake Walberts Secretary | OfficerTrustee | 1 | $0 |
Laura Kendall Treasurer | OfficerTrustee | 1 | $0 |
Stepheney Bible Vice President | OfficerTrustee | 1 | $0 |
David Stein Vice President | OfficerTrustee | 1 | $0 |
Marcela Estrada Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $13,515 |
| Fundraising events | $125,000 |
| Related organizations | $0 |
| Government grants | $214,862 |
| All other contributions, gifts, grants, and similar amounts not included above | $447,097 |
| Noncash contributions included in lines 1a–1f | $17,858 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $800,474 |
| Total Program Service Revenue | $40,990 |
| Investment income | $4,434 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $16,125 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $18,038 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $934,954 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $421,071 |
| 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 | $190,477 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $27,550 |
| Payroll taxes | $14,391 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,321 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,221 |
| Office expenses | $17,669 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,238 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $52,604 |
| Insurance | $15,058 |
| All other expenses | -$349,213 |
| Total functional expenses | $944,227 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $418,126 |
| Savings and temporary cash investments | $46,637 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $455,306 |
| 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 | $25,653 |
| Net Land, buildings, and equipment | $1,634,745 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,580,467 |
| Accounts payable and accrued expenses | $118,567 |
| Grants payable | $0 |
| Deferred revenue | $1,000 |
| 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 | $119,567 |
| Net assets without donor restrictions | $2,117,150 |
| Net assets with donor restrictions | $343,750 |
| 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 | $2,580,467 |
Grants Awarded
Over the last fiscal year, Tippecanoe Arts Federation Inc has awarded $250,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Lafayette, IN PURPOSE: CAPITAL EXPENDITURES | $123,418 |
Delphi, IN PURPOSE: CAPITAL EXPENDITURES | $40,000 |
Lafayette, IN PURPOSE: CAPITAL EXPENDITURES | $33,632 |
Delphi, IN PURPOSE: CAPITAL EXPENDITURES | $20,000 |
Lafayette, IN PURPOSE: CAPITAL EXPENDITURES | $15,000 |
Lafayette, IN PURPOSE: CAPITAL EXPENDITURES | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Tippecanoe Arts Federation Inc has recieved totaling $320,606.
| Awarding Organization | Amount |
|---|---|
North Central Health Services Inc West Lafayette, IN PURPOSE: 17TH ROUND OF CAPITAL AND CAPACITY-BUILDING GRANTS TO NON-PROFIT ARTS ORGANIZATIONS IN THE NCHS SERVICE AREA, ADMINISTERED BY THE TIPPECANOE ARTS FEDERATION | $255,000 |
Greater Lafayette Community Foundation Lafayette, IN PURPOSE: AGENCY MISSION | $56,864 |
United Way Of Greater Lafayette & Tippecanoe County Lafayette, IN PURPOSE: PHILANTHROPIC | $8,500 |
Jp Morgan Chase Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $221 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $21 |
Endowment Analysis
| Beg. Balance | $108,060 |
| Earnings | -$12,333 |
| Admin Expense | $2,166 |
| Ending Balance | $93,561 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arts Council Of Indianapolis Inc Indianapolis, IN | $8,597,633 | $5,263,250 |
Mid-America Arts Alliance Kansas City, MO | $12,444,344 | $5,873,119 |
Arts United Of Greater Fort Wayne Fort Wayne, IN | $21,534,301 | $3,773,379 |
Regional Cultural & Performing Arts Development Commission St Louis, MO | $5,092,606 | $4,539,915 |
Indiana Humanities Council Inc Indianapolis, IN | $8,992,568 | $3,654,687 |
Performing Arts Foundation Inc Wausau, WI | $2,793,768 | $2,598,770 |
Arts & Education Council Of Greater St Louis St Louis, MO | $3,607,788 | $2,239,386 |
Metropolitan Arts Council Of Greater Kansas City Kansas City, MO | $1,490,400 | $2,232,014 |
Lexarts Inc Lexington, KY | $1,309,442 | $1,460,251 |
Kentucky Humanities Council Inc University Of Kentucky Lexington, KY | $5,126,960 | $1,642,415 |
Quad City Arts Inc Rock Island, IL | $1,454,915 | $1,845,550 |
The Carnegie Visual & Performing Arts Center Inc Covington, KY | $3,558,181 | $1,470,526 |