Beloit Art Center Inc
- Assets
- $198.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Beloit, WI
- Founding
- 11/2002
- Data as of
- 12/2021
- EIN
- 39-2040460
Organization Overview
Beloit Art Center Inc is located in Beloit, WI. The organization was established in 2002. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beloit 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 12/2021, Beloit Art Center Inc generated $57.2k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $26.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
ART CLASSES AND WORKSHOPS OFFERED TO YOUTH AND ADULTSOFFERING TRAINING IN VARIOUS ART TECHNIQUES AND PHOTOGRAPHY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Will Anderson Board Member | 1 | $0 | |
Jeannie Rippl Vice President | 1 | $0 | |
Gary Dencker President | 2 | $0 | |
Nandy Mayhew Board Member | 1 | $0 | |
Dorota Olszewski Board Member | 1 | $0 | |
Jo Christofferson Treasurer | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,089 |
| Total Program Service Revenue | $31,669 |
| Membership dues | $11,050 |
| Investment income | $319 |
| Gain or Loss | $967 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $350 |
| Total Revenue | $57,230 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,040 |
| Occupancy, rent, utilities, and maintenance | $17,173 |
| Printing, publications, postage, and shipping | $291 |
| Other expenses | $8,402 |
| Total expenses | $26,906 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $111,256 |
| Other assets | $0 |
| Total assets | $198,282 |
| Total liabilities | $66,785 |
| Net assets or fund balances | $131,497 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Beloit Art Center Inc has recieved totaling $3,500.
| Awarding Organization | Amount |
|---|---|
Green Bay Packers Foundation Green Bay, WI PURPOSE: LISTEN UP FOR THE ARTS | $3,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Midland Center For The Arts Inc Midland, MI | $105,520,024 | $38,518,398 |
John Michael Kohler Arts Center Inc Sheboygan, WI | $91,886,755 | $7,533,321 |
Puerto Rican Cultural Center Chicago, IL | $9,175,566 | $9,769,703 |
United States Artists Inc Chicago, IL | $40,639,117 | $6,830,121 |
Kohler Trust For The Arts And Education Kohler, WI | $9,068,772 | $5,585,156 |
American College Of Occupational And Environmental Medicine Elk Grove Village, IL | $5,115,240 | $3,683,433 |
Success Institute Minneapolis, MN | $1,766,984 | $4,353,040 |
Winnetka Community House Winnetka, IL | $15,269,238 | $4,423,430 |
Brucemore Inc Cedar Rapids, IA | $18,035,244 | $1,902,736 |
Milwaukee County War Memorial Inc Milwaukee, WI | $14,315,972 | $2,406,675 |
Figge Art Museum Davenport, IA | $8,061,931 | $3,020,890 |
The Ark Ann Arbor, MI | $4,959,177 | $2,583,819 |