Elizabeth Lane Oliver Center For The Arts
- Assets
- $2.9m
- Revenue
- $305.2k
- Investments
- $0.0
- Employees
- 7
- Location
- Frankfort, MI
- Founding
- 07/1984
- Data as of
- 12/2021
- EIN
- 38-2420743
Organization Overview
Elizabeth Lane Oliver Center For The Arts is located in Frankfort, MI. The organization was established in 1984. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Elizabeth Lane Oliver Center For The Arts employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elizabeth Lane Oliver Center For The Arts 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, Elizabeth Lane Oliver Center For The Arts generated $305.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $328.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 7 years. 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
ESTABLISH AND MAINTAIN EDUCATIONAL PROGRAMS AND A FACILITY FOR THE ADVANCEMENT OF THE ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HIGH QUALITY CLASSES, WORKSHOPS AND PROGRAMS ARE OFFERED TO ADULTS, YOUTH AND FAMILIES IN A VARIETY OF MEDIUMS INCLUDING CLAY AND CERAMICS, PAINTING, COLLAGE, DRAWING, PASTEL, TEXTILE ARTS, CULINARY ARTS, ETC. PROVIDE OUTREACH PROGRAMS IN SCHOOLS THAT PROVIDE DANCE, VISUAL ART INSTRUCTION.
ARTISTS PARTICIPATE IN A VARIETY OF OPPORTUNITIES TO SHOW/SELL THEIR ARTWORK INCLUDING SPECIAL EXHIBITIONS, SUCH AS THE ANNUAL ALL-MEDIA JURIED EXHIBITION AND ANNUAL STUDENT EXHIBITION.
THE GENERAL PUBLIC AND MEMBERS ARE EXPOSED TO A VARIETY OF ARTWORKS AND MEDIUMS THROUGH THE ART CENTER GALLERY, WORKSHOPS AND LECTURES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mercedes Michalowski Executive Director | OfficerTrustee | 40 | $45,279 |
Stan Otto President | OfficerTrustee | 1 | $0 |
Rosemary Naulty President Elect | OfficerTrustee | 1 | $0 |
Char Ester Secretary | OfficerTrustee | 1 | $0 |
Kristen Vigland Treasurer | OfficerTrustee | 1 | $0 |
Hallie Christian Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $18,200 |
| All other contributions, gifts, grants, and similar amounts not included above | $114,102 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $132,302 |
| Total Program Service Revenue | $156,635 |
| Investment income | $42 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $5,644 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $305,204 |
| 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. | $45,279 |
| Compensation of current officers, directors, key employees. | $9,056 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $41,416 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $455 |
| Payroll taxes | $6,632 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,667 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $17,200 |
| Office expenses | $4,261 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,152 |
| Travel | $0 |
| 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 | $92,091 |
| Insurance | $6,015 |
| All other expenses | $11,983 |
| Total functional expenses | $328,866 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $189,904 |
| Savings and temporary cash investments | $61,457 |
| 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 | $0 |
| Net Land, buildings, and equipment | $2,639,316 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,890,677 |
| Accounts payable and accrued expenses | $5,828 |
| 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 | $3,702 |
| Total liabilities | $9,530 |
| Net assets without donor restrictions | $2,836,147 |
| Net assets with donor restrictions | $45,000 |
| 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 | $2,890,677 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Elizabeth Lane Oliver Center For The Arts has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Herbert H And Barbara C Dow Foundation Frankfort, MI PURPOSE: ENDOWMENT FUND/EQUIPMENT | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Credit Unions Chartered In The State Of Michigan Plymouth, MI | $1,253,139,306 | $61,092,324 |
Painting Industry Insurance Fund Strongsville, OH | $10,051,774 | $13,147,287 |
The American Ceramic Society Inc Westerville, OH | $14,880,081 | $7,163,335 |
Museum Of Contemporary Art Cleveland Cleveland, OH | $27,997,238 | $2,174,653 |
Glass City Academy Toledo, OH | $3,212,958 | $2,938,051 |
Pewabic Society Inc Detroit, MI | $5,130,048 | $2,328,763 |
Artprize Grand Rapids Grand Rapids, MI | $1,087,754 | $2,849,118 |
Downtown Toledo Development Corporation Toledo, OH | $1,911,388 | $1,327,098 |
Birmingham Bloomfield Art Center Inc Birmingham, MI | $4,209,000 | $1,197,549 |
Fotofocus Cincinnati Cincinnati, OH | $11,862,912 | $5,313,747 |
Ann Arbor Art Association Ann Arbor, MI | $3,527,483 | $1,787,495 |
Intermuseum Conservation Association Cleveland, OH | $2,305,026 | $921,722 |