Brucemore Inc

Organization Overview

Brucemore Inc is located in Cedar Rapids, IA. The organization was established in 1982. 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 03/2022, Brucemore Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brucemore 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 03/2022, Brucemore Inc generated $1.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $3.1m during the year ending 03/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO INSPIRE COMMUNITY INTERACTION WITH HISTORY, PRESERVATION, AND THE ARTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

BRUCEMORE SERVES THE COMMUNITY IN THREE FUNDAMENTAL WAYS TO MEET ITS MISSION TO INSPIRE COMMUNITY INTERACTION WITH HISTORY, PRESERVATION, AND THE ARTS. FIRST, THE ORGANIZATION HAS AN ON-GOING RESPONSIBILITY TO PRESERVE THE IRREPLACEABLE HISTORIC RESOURCES IN ITS CARE AS A TANGIBLE CONNECTION TO THE PAST. THESE ASSETS INCLUDE SEVEN HISTORIC STRUCTURES, A 26-ACRE LANDSCAPE; AND THOUSANDS OF OBJECTS, DOCUMENTS, AND WORKS OF ART. IN 2020-2021, THIS INCLUDED PROJECTS SUCH AS THE MANSION ENVELOPE RESTORATION PROJECT AND LANDSCAPE RESTORATION PROJECT. SECOND, THE ORGANIZATION CREATES AND PROVIDES HERITAGE EVENTS THAT HIGHLIGHT THE SIGNIFICANCE OF THE SITE AND ITS COLLECTION TO AUDIENCES NEAR AND FAR. THESE PROGRAMS WELCOME PEOPLE FOR A VARIETY OF GUIDED TOURS, SPECIAL-FOCUS TOURS, EXHIBITS, AND SELF-GUIDED EXPLORATIONS. THIRD, THE ORGANIZATION IS A DRIVER IN THE CULTURAL ECONOMY BY PRODUCING, PARTNERING, AND PRESENTING OUTDOOR THEATER, COMMUNITY EVENTS, AND PUBLIC CELEBRATIONS AGAINST THE BACKDROP OF THE ICONIC, HISTORIC ESTATE. THESE ACTIVITIES WELCOME THOUSANDS OF VISITORS AND ENLIVEN THE SPACE WHILE ENGAGING PEOPLE IN THE SITE AND ITS HISTORY.


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Board, Officers & Key Employees

Name (title)Compensation
Janssen David
Executive Director
$124,868
Costello Kelly
Business Manager
$65,501
Fagan Brian
President
$0
Neumann Doug
Vice President
$0
Hall Kathy
Secretary
$0
Hillyard Kimberly
Treasurer
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Rinderknecht Associates Inc
General Contracting
$1,373,651
Opn Architects
Architectural Services
$105,808
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$122,748
Fundraising events$36,500
Related organizations$256,178
Government grants $413,936
All other contributions, gifts, grants, and similar amounts not included above$260,092
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,089,454
Total Program Service Revenue$46,760
Investment income $195,888
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $28,999
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $48,848
Net Income from Gaming Activities $0
Net Income from Sales of Inventory -$8
Miscellaneous Revenue$0
Total Revenue $1,902,736

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Brucemore Inc has recieved totaling $1,000.

Awarding OrganizationAmount
Shive-Hattery Group Charitable Contribution Fund Inc

Cedar Rapids, IA

PURPOSE: GENERAL OPERATING BUDGET

$1,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$11,065,958
Earnings$285,938
Admin Expense$47,570
Other Expense$384,803
Ending Balance$10,919,523

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