Racine Arts Council Inc
- Assets
- $58.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Racine, WI
- Founding
- 06/1967
- Data as of
- 06/2021
- 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 06/2021, Racine Arts Council Inc generated $56.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.9%) each year. All expenses for the organization totaled $44.1k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (11.3%) per year over the past 6 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 |
|---|---|---|---|
Kathi Wilson Executive Di | 25 | $16,387 | |
Lesley Heins Walker President | 4 | $0 | |
Matt Juzenas Secretary | 1 | $0 | |
Ryan Goerres Treasurer | 4 | $0 | |
Debra Karp Director | 2.5 | $0 | |
Dave Blank Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,846 |
| Total Program Service Revenue | $7,409 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $21,076 |
| Other Revenue | $0 |
| Total Revenue | $56,331 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $17,975 |
| Professional fees and other payments to independent contractors | $886 |
| Occupancy, rent, utilities, and maintenance | $3,293 |
| Printing, publications, postage, and shipping | $181 |
| Other expenses | $21,783 |
| Total expenses | $44,118 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $58,941 |
| Other assets | $0 |
| Total assets | $58,941 |
| Total liabilities | $1,142 |
| Net assets or fund balances | $57,799 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Racine Arts Council Inc has recieved totaling $6,884.
| Awarding Organization | Amount |
|---|---|
Osborne & Scekic Family Foundation Chicago, IL PURPOSE: EDUCATION AND THE ARTS | $3,355 |
Kirsten And Emily Maki Foundation Racine, WI PURPOSE: EDUCATION | $3,000 |
Lang Family Foundation Inc Punta Gorda, FL PURPOSE: GENERAL SUPPORT | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $29 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Minnesota Humanities Center St Paul, MN | $15,490,899 | $2,258,980 |
Metropolitan Regional Arts Council St Paul, MN | $2,676,962 | $5,717,209 |
Performing Arts Foundation Inc Wausau, WI | $2,793,768 | $2,598,770 |
Pottawattamie Arts Culture & Entertainment Council Bluffs, IA | $21,175,917 | $2,201,183 |
Crooked Tree Arts Council Inc Petoskey, MI | $8,078,138 | $2,057,244 |
Quad City Arts Inc Rock Island, IL | $1,454,915 | $1,845,550 |
Reif Arts Council Grand Rapids, MN | $641,981 | $1,377,956 |
Greater Flint Arts Council Flint, MI | $719,952 | $1,340,904 |
Central Minnesota Arts Board Foley, MN | $714,262 | $1,088,614 |
Arts League Of Michigan Inc Detroit, MI | $1,339,389 | $1,259,727 |
Kalamazoo Arts Council Inc Kalamazoo, MI | $1,347,014 | $1,153,403 |
Southwest Minnesota Arts Council Marshall, MN | $626,781 | $1,000,524 |