Indianapolis Art Center Inc is located in Indianapolis, IN. The organization was established in 1961. 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 08/2022, Indianapolis Art Center Inc employed 154 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indianapolis Art 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 08/2022, Indianapolis Art Center Inc generated $3.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $3.6m during the year ending 08/2022. While expenses have increased by 1.6% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE INDIANAPOLIS ART CENTER IS TO INSPIRE CREATIVE EXPRESSION IN ALL PEOPLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION PROGRAM, ART CLASSES, AND OUTREACH: THE ART CENTER PROMOTES LIFE-LONG LEARNING THROUGH HANDS-ON ART CLASSES, WORKSHOPS AND ART ACTIVITIES. PROGRAMS ARE DESIGNED TO SERVE A WIDE VARIETY OF AUDIENCES AND SKILL LEVELS, RANGING FROM BEGINNING TO ADVANCED STUDENTS, AGES 2 AND UP. EACH YEAR, THE ART CENTER OFFERS MORE THAN 900 STUDIO ART CLASSES AND PROGRAMS IN A VARIETY OF MEDIUMS INCLUDING DRAWING, PAINTING, CERAMICS, METALSMITHING, GLASS BLOWING, WOODWORKING, PRINT MAKING, DIGITAL ARTS, PHOTOGRAPHY, SCULPTURE, TEXTILES AND MIXED MEDIA AS WELL AS VISITING ARTIST LECTURES, DEMOS AND WORKSHOPS. TO MEET DIVERSE NEEDS OF OUR COMMUNITY, THE ART CENTER OFFERS A WIDE VARIETY OF HANDS-ON ART EXPERIENCES INCLUDING TWO-HOUR SAMPLE CLASSES ("MAKE IT TAKE IT" - FORMERLY KNOWN AS POP-UPS), ONE AND TWO-DAY WORKSHOPS AND CLASSES RANGING FROM 4-15 WEEKS IN LENGTH. ANNUALLY, THESE PROGRAMS SERVE APPROXIMATELY 4,000 PEOPLE. CLASSES ARE FEE-BASED; HOWEVER, TUITION ASSISTANCE IS AVAILABLE TO LOW-TO MIDDLE-INCOME FAMILIES, PEOPLE WITH DISABILITIES AND VETERANS. CLASSES ARE SELECTED BY THE ART CENTER'S EDUCATION DEPARTMENT AND 100-MEMBER FACULTY BASED ON CURRENT TRENDS IN ARTS EDUCATION AND FEEDBACK FROM STUDENTS. ADDITIONALLY, THE ART CENTER PROVIDES PROGRAMMING AT SCHOOLS AND COMMUNITY ORGANIZATIONS.
EXHIBITIONS: THE ART CENTER'S EXHIBITION PROGRAM PRESENTS SIX MAJOR ANNUAL EXHIBITION SERIES IN FIVE GALLERIES. THESE 6-8 WEEK LONG EXHIBITIONS INCLUDE TWO ANNUAL EXHIBITIONS, STUDENT AND FACULTY SHOWS AS WELL AS CURATED AND JURIED EXHIBITIONS FOCUSING ON CONTEMPORARY ART MADE BY LIVING ARTISTS. THE ART CENTER HAS DEVELOPED A REPUTATION AS A STRONG CONTEMPORARY GALLERY AND STRIVES TO BRING COMPELLING WORK TO THE INDIANAPOLIS COMMUNITY THAT ENGAGES AND CHALLENGES THE MIND AND SPIRIT. IN ADDITION TO THE MAJOR EXHIBITIONS, THE ART CENTER MANAGES AUXILIARY STUDENT, OUTREACH AND COMMUNITY GALLERIES AS WELL AS A 9.5-ACRE SCULPTURE GARDEN ("ARTSPARK"). SEEKING TO ENGAGE MORE OF THE COMMUNITY, THE ART CENTER ACTIVELY PURSUES COLLABORATIONS WITH OTHER LOCAL ORGANIZATIONS TO INCREASE REACH AND SCOPE.
COMMUNITY CELEBRATIONS: THE BROAD RIPPLE ART FAIR (BRAF): ESTABLISHED IN 1971, BRAF IS THE ART CENTER'S LARGEST 2-DAY PROGRAM AND KICKOFF TO INDIANAPOLIS' SUMMER FESTIVAL SEASON. INDIANA'S TOP NATIONALLY-RANKED FAIR, BRAF ATTRACTS OVER 16,000 VISITORS, SHOWCASING 225 PROFESSIONAL ARTISTS AND 30 EMERGING ARTISTS FROM ACROSS THE COUNTRY. BRAF FEATURES FREE CHILDREN'S ACTIVITIES, AN OPEN HOUSE AT THE ART CENTER, TWO STAGES OF MUSICAL ENTERTAINMENT INCLUDING A CHILDREN'S AND CULTURAL STAGE, FOOD COURTS AND CRAFT-BREWED BEER AND WINE. BRAF TAKES PLACE THE THIRD WEEKEND IN MAY ON THE GROUNDS OF THE ART CENTER AND THE ADJACENT OPTI-PARK. ALL PROCEEDS FROM BRAF DIRECTLY SUPPORT THE ART CENTER'S CORE PROGRAMS: EDUCATION, EXHIBITIONS AND OUTREACH.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Mark Williams President And Exec. Director | OfficerTrustee | 50 | $130,000 |
Jerry Wiley Board Chair | OfficerTrustee | 2 | $0 |
Jessica Brand Vice Chair | OfficerTrustee | 2 | $0 |
Nikki Rogers Secretary | OfficerTrustee | 2 | $0 |
David Gabovitch Treasurer | OfficerTrustee | 2 | $0 |
Mande Adams Board Member | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $65,247 |
Related organizations | $0 |
Government grants | $56,506 |
All other contributions, gifts, grants, and similar amounts not included above | $1,147,012 |
Noncash contributions included in lines 1a–1f | $49,266 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,268,765 |
Total Program Service Revenue | $1,812,691 |
Investment income | $0 |
Tax Exempt Bond Proceeds | $179,125 |
Royalties | $0 |
Net Rental Income | $34,098 |
Net Gain/Loss on Asset Sales | $272,652 |
Net Income from Fundraising Events | -$9,844 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $3,557,487 |
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. | $260,818 |
Compensation of current officers, directors, key employees. | $9,595 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,446,240 |
Pension plan accruals and contributions | $12,367 |
Other employee benefits | $138,505 |
Payroll taxes | $124,274 |
Fees for services: Management | $0 |
Fees for services: Legal | $2,024 |
Fees for services: Accounting | $25,350 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $61,952 |
Fees for services: Other | $63,017 |
Advertising and promotion | $179,275 |
Office expenses | $44,278 |
Information technology | $69,717 |
Royalties | $0 |
Occupancy | $329,077 |
Travel | $6,806 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $12,038 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $355,628 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $3,557,715 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $179,652 |
Savings and temporary cash investments | $83,037 |
Pledges and grants receivable | $44,509 |
Accounts receivable, net | $5,787 |
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 | $65,292 |
Net Land, buildings, and equipment | $5,934,251 |
Investments—publicly traded securities | $4,739,082 |
Investments—other securities | $3,017,102 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $1,439,349 |
Total assets | $15,508,061 |
Accounts payable and accrued expenses | $270,684 |
Grants payable | $0 |
Deferred revenue | $358,245 |
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 | $50,000 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $678,929 |
Net assets without donor restrictions | $10,149,983 |
Net assets with donor restrictions | $4,679,149 |
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 | $15,508,061 |