Mark Arts Inc
- Assets
- $23.5m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 50
- Location
- Wichita, KS
- Founding
- 07/1935
- Data as of
- 12/2021
- EIN
- 48-0616251
Organization Overview
Mark Arts Inc is located in Wichita, KS. The organization was established in 1935. 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 12/2021, Mark Arts Inc employed 50 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mark Arts 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, Mark Arts Inc generated $2.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.6%) each year. All expenses for the organization totaled $1.8m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ACQUIRE EXHIBIT AND DISPLAY WORKS OF ART AND CONDUCT SCHOOLS OF ART TO BENEFIT THE COMMUNITY.
Describe the Organization's Program Activity:
EDUCATION - YEAR ROUND ART CLASSES, WORKSHOPS & CAMPS ARE PROVIDED FOR ADULTS AND CHILDREN. SEVERAL WORKSHOPS ARE TAUGHT BY VISITING ARTISTS. APPROX. 2,700 STUDENTS PARTICIPATE IN CLASSES EACH YEAR IN EIGHT STUDIOS: 2 FOR DRAWING/PAINTING, CERAMICS, SCULPTURE, METALS, PRINTMAKING, YOUTH & CULINARY ARTS.
GALLERY - THE ART GALLERIES ARE FREE AND OPEN TO THE PUBLIC WITH APPROXIMATELY 21 DIFFERENT EXHIBITS SHOWN ANNUALLY AND APPROXIMATELY 50,000 VISITORS EACH YEAR. GALLERY SPACES INCLUDE THE WIEDEMANN GALLERY, SCHOOL OF CREATIVITY COMMONS, YOUTH GALLERY, AND PRINT GALLERY IN THE GREAT HALL.
EVENT CENTER: HOME TO THE PRINT GALLERY, THE EVENT CENTER PROVIDES OPPORTUNITY FOR GROUPS TO GATHER IN AN ART-FILLED ENVIRONMENT, ENCOURAGING LIFELONG LEARNING AND APPRECIATION FOR THE VISUAL ARTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katy Dorrah CEO | Officer | 40 | $161,799 |
Chris Gomez President | OfficerTrustee | 1 | $0 |
Doug Brantner Treasurer | OfficerTrustee | 1 | $0 |
Margaret Dechant Vice President | OfficerTrustee | 1 | $0 |
Dara Geoffroy Secretary | OfficerTrustee | 1 | $0 |
Mark Eaton Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Alloy Architecture Architecture | 12/30/17 | $140,487 |
Dondlinger Construction Construction | 12/30/17 | $8,519,542 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $102,458 |
| Fundraising events | $242,859 |
| Related organizations | $0 |
| Government grants | $121,590 |
| All other contributions, gifts, grants, and similar amounts not included above | $688,517 |
| Noncash contributions included in lines 1a–1f | $40,768 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,155,424 |
| Total Program Service Revenue | $798,403 |
| Investment income | $161,451 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $274,324 |
| Net Income from Fundraising Events | -$4,692 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,389,288 |
| 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. | $161,799 |
| Compensation of current officers, directors, key employees. | $16,180 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $521,419 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $54,535 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $57,812 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $95,633 |
| Advertising and promotion | $8,417 |
| Office expenses | $47,117 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $105,982 |
| Travel | $2,816 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $692 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $397,021 |
| Insurance | $49,235 |
| All other expenses | $49,599 |
| Total functional expenses | $1,795,028 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,415,487 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $409,457 |
| Accounts receivable, net | $183,416 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $650 |
| Prepaid expenses and deferred charges | $49,770 |
| Net Land, buildings, and equipment | $14,662,145 |
| Investments—publicly traded securities | $6,055,183 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $763,322 |
| Total assets | $23,539,430 |
| Accounts payable and accrued expenses | $66,718 |
| Grants payable | $0 |
| Deferred revenue | $158,214 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $224,932 |
| Net assets without donor restrictions | $20,701,467 |
| Net assets with donor restrictions | $2,613,031 |
| 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 | $23,539,430 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Mark Arts Inc has recieved totaling $30,000.
| Awarding Organization | Amount |
|---|---|
Frank & Betty Hedrick Foundation Wichita, KS PURPOSE: FOR USE IN OPERATIONS | $25,000 |
Dwayne And Dottie Shannon Family Foundation Wichita, KS PURPOSE: GENERAL | $5,000 |
Endowment Analysis
| Beg. Balance | $4,381,308 |
| Earnings | $492,997 |
| Admin Expense | $27,492 |
| Net Contributions | $17,006 |
| Other Expense | $206,187 |
| Ending Balance | $4,657,632 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cedars Youth Services Inc Lincoln, NE | $3,781,536 | $13,267,342 |
Arvada Center For The Arts And Humanities Arvada, CO | $4,050,578 | $14,173,425 |
Center Of Creative Arts Saint Louis, MO | $22,497,336 | $9,712,696 |
Applied Information Management Institute Omaha, NE | $8,071,442 | $4,851,557 |
Kranzberg Arts Foundation St Louis, MO | $18,112,007 | $6,602,930 |
Wichita Art Museum Inc Wichita, KS | $12,198,968 | $4,522,280 |
Association Of American Voices Saint Louis, MO | $696,688 | $3,487,679 |
Mizel Center For Arts And Culture Denver, CO | $1,231,289 | $3,287,968 |
Lawrence Arts Center Inc Lawrence, KS | $4,356,263 | $3,080,758 |
Breckenridge Creative Arts Breckenridge, CO | $2,416,753 | $3,508,124 |
Seriesfest Denver, CO | $743,501 | $1,745,266 |
Sangre De Cristo Arts & Conference Center Inc Pueblo, CO | $10,967,015 | $4,351,020 |