Racine Arts Council Inc
- Assets
- $77.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Racine, WI
- Founding
- 06/1967
- Data as of
- 06/2022
- EIN
- 39-6102948
Organization Overview
Racine Arts Council Inc is located in Racine, WI. The organization was established in 1967. According to its NTEE Classification (A26) the organization is classified as: Arts & Humanities Councils & Agencies, 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. Racine Arts Council 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 06/2022, Racine Arts Council Inc generated $84.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $65.4k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (4.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lesley Heins Walker President | 4 | $0 | |
Kathi Wilson Executive Di | 25 | $16,387 | |
Matt Juzenas Secretary | 1 | $0 | |
Ryan Goerres Treasurer | 4 | $0 | |
Debra Karp Director | 2.5 | $0 | |
Michael Isaacson Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $63,154 |
| Total Program Service Revenue | $16,795 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $3,996 |
| Other Revenue | $148 |
| Total Revenue | $84,093 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $17,439 |
| Professional fees and other payments to independent contractors | $438 |
| Occupancy, rent, utilities, and maintenance | $2,400 |
| Printing, publications, postage, and shipping | $218 |
| Other expenses | $44,941 |
| Total expenses | $65,436 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $73,695 |
| Other assets | $0 |
| Total assets | $77,345 |
| Total liabilities | $889 |
| Net assets or fund balances | $76,456 |