Chippewa Valley Cultural Association Inc
- Assets
- $1.3m
- Revenue
- $622.9k
- Investments
- $550.9k
- Employees
- 9
- Location
- Chippewa Falls, WI
- Founding
- 10/1976
- Data as of
- 11/2023
- EIN
- 39-1236476
Organization Overview
Chippewa Valley Cultural Association Inc is located in Chippewa Falls, WI. The organization was established in 1976. 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 11/2023, Chippewa Valley Cultural Association Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chippewa Valley Cultural 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 11/2023, Chippewa Valley Cultural Association Inc generated $622.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $540.5k during the year ending 11/2023. While expenses have increased by 4.3% per year over the past 8 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO RENOVATE AND PRESERVE A HISTORIC BUILDING TO PROVIDE A CULTURAL CENTER IN ORDER TO STIMULATE COMMUNITY INVOLVEMENT AND INTEREST IN ALL FORMS OF THE ARTS
Describe the Organization's Program Activity:
PERFORMANCES IN FY22/23, THE CVCA/HEYDE CENTER HOSTED APPROXIMATELY 70-80 EVENTS (SOME BEING MULTIPLE DAY EVENTS) AND 11 COMMUNITY EVENTS. OF THE EVENTS, 15 WERE SPECIAL EVENT RENTALS AND 55-65 WERE PERFORMANCES FROM LOCAL, REGIONAL, AND INTERNATIONAL PERFORMERS. THE COMMUNITY EVENTS INCLUDE SCHOOL PERFORMANCES, SCHOOL OUTREACH CLASSES, AND COMMUNITY PARTNERSHIP COLLABORATIONS. MORE THAN 90% OF PERFORMERS WERE ARE PAID.
OTHER EXPENSES NOT DIRECTLY ALLOCATED TO PROGRAM SERVICES SUCH AS PUBLICITY ADVERTISING, BUILDING MAINTENANCE AND REPAIR, FACILITY RENTAL COST, AND MEMBER SERVICES/ADMINISTRATION.
ART CLASSES IN FY22/23, THE CVCA/HEYDE CENTER HELD 10 ART CLASSES AND A FREE MONTHLY BASICS CLASS FOR PEOPLE WHO CANNOT AFFORD ART SUPPLIES AND CLASSES. THE FREE MONTHLY CLASS IS TAUGHT BY A VOLUNTEER INSTRUCTOR WITH SUPPORT FROM ART STUDENTS FROM THE CHIPPEWA FALLS HIGH SCHOOL.
VISUAL ART EXHIBITS - IN FY22/23, THE CVCA/HEYDE CENTER HOSTED TEN DIFFERENT EXHIBITS FEATURING THE WORK OF LOCAL ARTISTS. TWO OF THE EXHIBITS WERE A COLLABORATION BETWEEN THE CVCA/HEYDE CENTER AND THE CHIPPEWA FALLS PUBLIC SCHOOL DISTRICT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debra Johnson Executive Di | Officer | 50 | $70,756 |
Connie Freagon Treasurer | Trustee | 1 | $0 |
Sandi Harberts Director | Trustee | 1 | $0 |
Jennifer Heinz Vice Preside | Trustee | 1 | $0 |
Steve Herriges Director | Trustee | 1 | $0 |
Peter Holm Past Preside | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $26,686 |
| Fundraising events | $2,262 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $268,516 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $297,464 |
| Total Program Service Revenue | $295,606 |
| Investment income | $1,305 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $25,733 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $622,943 |
| 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. | $70,756 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $106,654 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,246 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,920 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $6,094 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,290 |
| Advertising and promotion | $29,613 |
| Office expenses | $22,220 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $31,329 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,033 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,789 |
| Insurance | $15,937 |
| All other expenses | $7,159 |
| Total functional expenses | $540,509 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $75,347 |
| Savings and temporary cash investments | $285,735 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,238 |
| 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 | $4,335 |
| Net Land, buildings, and equipment | $271,227 |
| Investments—publicly traded securities | $106,260 |
| Investments—other securities | $550,884 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,297,026 |
| Accounts payable and accrued expenses | $20,148 |
| Grants payable | $0 |
| Deferred revenue | $27,835 |
| 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 | $47,983 |
| Net assets without donor restrictions | $663,984 |
| Net assets with donor restrictions | $585,059 |
| 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 | $1,297,026 |