Racine Art Museum Association Inc

Organization Overview

Racine Art Museum Association Inc is located in Racine, WI. The organization was established in 1949. According to its NTEE Classification (A51) the organization is classified as: Art Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Racine Art Museum Association Inc employed 48 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Racine Art Museum Association 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 12/2021, Racine Art Museum Association Inc generated $2.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $1.9m during the year ending 12/2021. While expenses have increased by 0.3% 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

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE MISSION IS TO EXHIBIT, COLLECT, PRESERVE, AND EDUCATE IN THE CONTEMPORARY VISUAL ARTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

STUDIO ART CLASS EDUCATION - RAMA'S WUSTUM MUSEUM HAS ONE OF THE LARGEST MUSEUM-BASED STUDIO ART PROGRAMS IN WISCONSIN. SINCE THE MUSEUM OPENED IN 1941, MORE THAN 40 AFFORDABLE STUDIO ART COURSES IN VARIOUS MEDIA ARE OFFERED EACH SEMESTER AND DURING THE SUMMER FOR CHILDREN AND ADULTS. STUDENTS OF ALL AGES AND SKILL LEVELS - BEGINNING TO ADVANCED - LEARN SIDE-BY-SIDE WITH INSTRUCTORS WHO ARE WORKING ARTISTS, KNOWN LOCALLY AND NATIONALLY FOR THEIR TALENT. COSTS VARY DEPENDING UPON THE LENGTH OF CLASS AND MATERIALS. SOME CLASSES REQUIRE THE PURCHASE OF ADDITIONAL SUPPLIES.


EXHIBITIONS - RAMA SPONSORS 7 BLOCKS OF FINE ART EXHIBITIONS ANNUALLY IN TWO MUSEUMS WHICH ATTRACT OVER 50,000 VISITORS. RAMA REPRESENTS ARTISTS IN SOLO, GROUP AND JURIED EXHIBITIONS. MEMBERSHIP INCLUDES UNLIMITED FREE MUSEUM ADMISSION AND REDUCED RATES ON CLASSES AND WORKSHOPS AND RETAIL STORE DISCOUNTS.


RAMA OFFERS REASONABLY PRICED MEETING ROOM RENTALS FOR BUSINESSES, GROUPS, AND INDIVIDUALS ALONG WITH ENRICHMENT OPPORTUNITIES INCLUDING CURATORIAL PRESENTATIONS, MUSEUM TOURS, AND HANDS-ON ART PROJECTS FOR GROUP RETREATS, TEAM BUILDING, AND PROJECT PLANNING. RAMA PROVIDES A MUSEUM STORE FOR THE CONVENIENCE OF VISITORS.


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Board, Officers & Key Employees

Name (title)Compensation
Bruce Pepich
Executive Dir.
$171,237
Neil Staeck
President
$0
Clair Holland
Secretary
$0
Ben Flegel
Treasurer
$0
Diane Ruffo
Vice President
$0
Nancy Wheeler
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$34,083
Related organizations$0
Government grants $578,942
All other contributions, gifts, grants, and similar amounts not included above$620,481
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,233,506
Total Program Service Revenue$160,757
Investment income $385,071
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $110,353
Net Income from Fundraising Events $24,020
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $56,392
Miscellaneous Revenue$0
Total Revenue $1,971,714

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Racine Art Museum Association Inc has recieved totaling $21,000.

Awarding OrganizationAmount
Ruffo Family Foundation Inc

Racine, WI

PURPOSE: GENERAL OPERATING SUPPORT

$21,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$6,500,801
Earnings$1,059,153
Admin Expense$30,638
Net Contributions$264
Other Expense$85,339
Ending Balance$7,444,241

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