Brucemore Inc
- Assets
- $18.9m
- Revenue
- $1.9m
- Investments
- $10.9m
- Employees
- 22
- Location
- Cedar Rapids, IA
- Founding
- 01/1982
- Data as of
- 03/2021
- EIN
- 42-1170531
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 03/2021, Brucemore Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 03/2021, Brucemore Inc generated $1.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $3.0m during the year ending 03/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
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 IS A HISTORIC SITE AND COMMUNITY CULTURAL CENTER THAT SERVES AS A HUB FOR ARTISTIC, PHILANTHROPIC AND EDUCATIONAL ACTIVIES. ITS MISSION: TO INSPIRE COMMUNITY INTERACTION WITH HISTORY, PRESERVATION, AND THE ARTS. WHILE THE SITE MIRRORS A CENTURY OF CEDAR RAPIDS HISTORY, BRUCEMORE IS SIMULTANEOUSLY AN ONGOING CELEBRATION OF THE REGION'S HERITAGE AND CONTEMPORARY CULTURAL COMMUNITY. IN 2019, BRUCEMORE BEGAN THE PUBLIC PHASE OF ITS FIRST CAPITAL CAMPAIGN, PRIDE & PRESERVATION, TO FUND ONGOING PRESERVATION OF THE HISTORIC ESTATE. DURING THE YEAR, PRESERVATION WORK CONTINUED ON THE MANSION ENVELOPE RESTORATION PROJECT. PHASE 3, WHICH FOCUSED ON THE EAST AND WEST ELEVATIONS OF THE HISTORIC MANSION, WAS COMPLETED. THE WORK IN THIS PHASE INCLUDED WINDOW RESTORATION, MASONRY REPOINTING, STONE REPAIR, MASONRY CLEANING AND EXTERIOR TRIM REPAIR INVOLVING WOOD AND METAL. THIS YEAR, BRUCEMORE HOSTED NEARLY 20,000 VISITORS WHO ATTENDED THEATRE AND MUSICAL EVENTS, GARDEN AND LANDSCAPE BASED PROGRAMS, SEASONAL CELEBRATIONS, AND TOOK PART IN A MENU OF INTERPRETIVE TOURS AND EXHIBITS, BOTH VIRTUALLY AND IN-PERSON.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Janssen Executive Director | Officer | 40 | $121,526 |
Kelly Costello Business Manager | Officer | 40 | $63,142 |
Brian Fagan President | OfficerTrustee | 1 | $0 |
Kimberly Hillyard Treasurer | OfficerTrustee | 1 | $0 |
Kathy Hall Secretary | OfficerTrustee | 1 | $0 |
Doug Neumann Vice President | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Acme Electric Company Outdoor Electrical Installation | 3/30/21 | $703,614 |
Opn Architects Mansion Envelope Restoration | 3/30/21 | $109,441 |
Rinderknecht Associates Inc Mansion Envelope Restoration | 3/30/21 | $1,360,812 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $98,588 |
| Fundraising events | $27,500 |
| Related organizations | $307,646 |
| Government grants | $392,452 |
| All other contributions, gifts, grants, and similar amounts not included above | $594,475 |
| Noncash contributions included in lines 1a–1f | $107,748 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,420,661 |
| Total Program Service Revenue | $10,063 |
| Investment income | $133,455 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $29,263 |
| Net Gain/Loss on Asset Sales | -$319 |
| Net Income from Fundraising Events | $10,955 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $72 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,880,719 |
| 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. | $191,965 |
| Compensation of current officers, directors, key employees. | $97,406 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $427,049 |
| Pension plan accruals and contributions | $9,387 |
| Other employee benefits | $56,556 |
| Payroll taxes | $46,467 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,657 |
| Fees for services: Accounting | $13,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $43,400 |
| Fees for services: Other | $40,961 |
| Advertising and promotion | $21,834 |
| Office expenses | $18,755 |
| Information technology | $33,790 |
| Royalties | $0 |
| Occupancy | $66,305 |
| Travel | $4,363 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $108,688 |
| Insurance | $60,026 |
| All other expenses | $9,846 |
| Total functional expenses | $2,973,984 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $835 |
| Savings and temporary cash investments | $3,347,552 |
| Pledges and grants receivable | $3,008,292 |
| Accounts receivable, net | -$363 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $19,569 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,586,753 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $10,926,808 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $24,680 |
| Total assets | $18,914,126 |
| Accounts payable and accrued expenses | $183,114 |
| Grants payable | $0 |
| Deferred revenue | $45,505 |
| 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 | $136,300 |
| Other liabilities | $25,645 |
| Total liabilities | $390,564 |
| Net assets without donor restrictions | $1,575,922 |
| Net assets with donor restrictions | $16,947,640 |
| 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 | $18,914,126 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Brucemore Inc has recieved totaling $8,407.
| Awarding Organization | Amount |
|---|---|
Shive-Hattery Group Charitable Contribution Fund Inc Cedar Rapids, IA PURPOSE: GENERAL OPERATING BUDGET | $3,500 |
Shive-Hattery Group Charitable Contribution Fund Inc Cedar Rapids, IA PURPOSE: GENERAL OPERATING BUDGET | $3,500 |
Alliant Energy Foundation Inc Madison, WI PURPOSE: MATCHING GIFTS | $1,407 |
Endowment Analysis
| Beg. Balance | $7,830,794 |
| Earnings | $130,959 |
| Admin Expense | $43,400 |
| Other Expense | $390,107 |
| Ending Balance | $7,531,061 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Center Of Creative Arts Saint Louis, MO | $25,916,894 | $8,269,235 |
Cedars Youth Services Inc Lincoln, NE | $4,294,396 | $11,625,554 |
John Michael Kohler Arts Center Inc Sheboygan, WI | $88,363,238 | $14,246,334 |
Washington Pavilion Management Inc Sioux Falls, SD | $7,664,278 | $8,315,223 |
Puerto Rican Cultural Center Chicago, IL | $8,314,158 | $8,458,971 |
Applied Information Management Institute Omaha, NE | $4,851,895 | $5,205,980 |
United States Artists Inc Chicago, IL | $41,911,763 | $5,742,509 |
American College Of Occupational And Environmental Medicine Elk Grove Village, IL | $4,998,905 | $4,833,680 |
Kohler Trust For The Arts And Education Kohler, WI | $8,614,854 | $4,392,207 |
Kranzberg Arts Foundation St Louis, MO | $16,087,650 | $5,436,777 |
Winnetka Community House Winnetka, IL | $14,501,865 | $3,165,480 |
Association Of American Voices Saint Louis, MO | $504,916 | $3,035,847 |