Midland Center For The Arts Inc

Organization Overview

Midland Center For The Arts Inc is located in Midland, MI. The organization was established in 1966. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 08/2022, Midland Center For The Arts Inc employed 112 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Midland Center For The Arts 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, Midland Center For The Arts Inc generated $38.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.5% each year . All expenses for the organization totaled $9.4m during the year ending 08/2022. While expenses have increased by 1.4% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO ENTERTAIN, EDUCATE AND INSPIRE A DIVERSE AND EXPANDING REGIONAL AUDIENCES IN THE ARTS, SCIENCES AND HUMANITIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PRESENT VARIOUS PROGRAMS THAT SUPPORT THE MISSION FO THE CENTER, THAT INCLUDES PROGRAM EXPENSES AND GENERAL OPERATIONS TO SUPPORT THOSE PROGRAMS. EXPENSES INCURRED PROVIDE TECHNICAL SERVICES AND EQUIPMENT TO OPERATE TWO THEATRES, TWO MUSEUMS AND EDUCATION ACTIVITIES, MARKETING AND CENTER MAGAZINE EXPENSES, VISITOR SERVICES, BOX OFFICE AND HOUSE SERVICES, AND SPECIAL EVENTS.


TO PROVIDE FACILITIES, STAFF, AND OTHER RESOURCES TO CARRY OUT THE MISSION OF THE ORGANIZATION THROUGH THE PRESENTATION, SPONSORSHIP, AND SUPPORT OF PERFORMANCES, EXHIBITIONS, AND CULTURAL ACTIVITIES.


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Board, Officers & Key Employees

Name (title)Compensation
Terri Trotter
Former CEO
$274,973
Diane Wilcox
VP Communica
$131,265
Jon Loos
Interim CEO
$118,717
Dave B Jao
VP Performin
$105,741
Lynn Booms
Former CFO
$91,002
Edgar Martinez
Former CFO
$53,983

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Csrs Inc
Disaster Relief
$171,609
Servpro Of Saginaw
Damage Restore
$411,049
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $2,828,611
All other contributions, gifts, grants, and similar amounts not included above$26,117,977
Noncash contributions included in lines 1a–1f $34,962
Total Revenue from Contributions, Gifts, Grants & Similar$28,946,588
Total Program Service Revenue$2,903,302
Investment income $5,786,352
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $882,156
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $38,518,398

Grants Recieved

Over the last fiscal year, we have identified 12 grants that Midland Center For The Arts Inc has recieved totaling $667,882.

Awarding OrganizationAmount
Midland Area Community Foundation

Midland, MI

PURPOSE: ARTS

$253,023
Dow Company Foundation

Bay City, MI

PURPOSE: COMMUNITY WELLBEING

$250,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: ARTS, CULTURE & HUMANITIES

$54,100
Maxwell K Pribil Irrv Memorial Tr

Columbus, OH

PURPOSE: GENERAL OPERATING

$50,000
$25,000
Middle Michigan Development Corporation

Mt Pleasant, MI

PURPOSE: COVID-19 RELIEF

$20,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$69,993,015
Earnings-$4,046,427
Net Contributions$110,000
Other Expense$520,731
Ending Balance$65,535,857

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