Marcus Center For The Performing Arts Inc
- Assets
- $26.1m
- Revenue
- $8.4m
- Investments
- $0.0
- Employees
- 344
- Location
- Milwaukee, WI
- Founding
- 10/2005
- Data as of
- 06/2021
- EIN
- 51-0532407
Organization Overview
Marcus Center For The Performing Arts Inc is located in Milwaukee, WI. The organization was established in 2005. According to its NTEE Classification (A63) the organization is classified as: Ballet, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Marcus Center For The Performing Arts Inc employed 344 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marcus Center For The Performing 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 06/2021, Marcus Center For The Performing Arts Inc generated $8.4m 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 (5.1%) each year. All expenses for the organization totaled $6.1m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (10.0%) per year over the past 6 years. 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
PROVIDE THE SETTING FOR OUTSTANDING CULTURAL EXPERIENCES IN THE PERFORMING ARTS.
Describe the Organization's Program Activity:
THE MARCUS CENTER FOR THE PERFORMING ARTS, INC. OFFERS FACILITIES (CENTER AND PARKING STRUCTURE) AND SERVICES TO A WIDE RANGE OF PERFORMING ARTS. THE MARCUS CENTER FOR THE PERFORMING ARTS ALSO PRESENTS BROADWAY, OFF BROADWAY AND OTHER PERFORMANCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura K Lenhart VP Of Finance/admin | Officer | 37.5 | $158,675 |
Kendra Ingram President/ceo Start-3/9/20 | Officer | 37.5 | $156,228 |
Heidi A Lofy VP Of Experience & Engagem | 37.5 | $143,288 | |
Richard D Hecht VP Of Cap. Projects/infras | 37.5 | $134,127 | |
Ray Wilson Chair-Elect | OfficerTrustee | 1 | $0 |
Laura Gough Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $125,350 |
| Related organizations | $0 |
| Government grants | $3,007,803 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,727,247 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,860,400 |
| Total Program Service Revenue | $294,009 |
| Investment income | $3,978 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$179,455 |
| Net Gain/Loss on Asset Sales | $446,430 |
| Net Income from Fundraising Events | -$38,834 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,419,632 |
| 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. | $572,100 |
| Compensation of current officers, directors, key employees. | $246,003 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,961,910 |
| Pension plan accruals and contributions | $28,788 |
| Other employee benefits | $425,493 |
| Payroll taxes | $186,997 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $40,451 |
| Fees for services: Accounting | $27,627 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $394,828 |
| Advertising and promotion | $84,798 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $654,434 |
| Travel | $2,276 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $126,553 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,460,140 |
| Insurance | $54,485 |
| All other expenses | $0 |
| Total functional expenses | $6,068,799 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,467,445 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $4,734,595 |
| Accounts receivable, net | $319,123 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $43,655 |
| Prepaid expenses and deferred charges | $142,871 |
| Net Land, buildings, and equipment | $12,436,262 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,908,117 |
| Total assets | $26,052,068 |
| Accounts payable and accrued expenses | $1,008,661 |
| Grants payable | $0 |
| Deferred revenue | $795,217 |
| 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 | $6,249,713 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $729,027 |
| Total liabilities | $8,782,618 |
| Net assets without donor restrictions | $12,534,855 |
| Net assets with donor restrictions | $4,734,595 |
| 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 | $26,052,068 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Marcus Center For The Performing Arts Inc has recieved totaling $482,120.
| Awarding Organization | Amount |
|---|---|
Marcus Corporation Foundation Inc Milwaukee, WI PURPOSE: ART/CULTURE | $250,000 |
Richard And Ethel Herzfeld Foundation Inc Milwaukee, WI PURPOSE: ARTS AND CULTURE - 21-22 PROGRAMMING | $75,000 |
Greater Milwaukee Foundation Inc Milwaukee, WI PURPOSE: ENHANCING ARTS ENGAGEMENT THROUGH MARCUS CENTER PROGRAMMING | $60,000 |
Greater Milwaukee Foundation Inc Milwaukee, WI PURPOSE: ENHANCING ARTS ENGAGEMENT THROUGH MARCUS CENTER PROGRAMMING | $60,000 |
United Way Of Greater Milwaukee & Waukesha County Inc Milwaukee, WI PURPOSE: DONOR DESIGNATIONS | $10,950 |
Brewers Community Foundation Milwaukee, WI PURPOSE: Event Sponsorship | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Joffrey Ballet Chicago, IL | $41,269,610 | $12,576,025 |
Milwaukee Ballet Company Inc Milwaukee, WI | $24,713,474 | $6,965,277 |
Marcus Center For The Performing Arts Inc Milwaukee, WI | $26,052,068 | $8,419,632 |
Grand Rapids Ballet Co Grand Rapids, MI | $7,162,912 | $1,874,827 |
Ballet Chicago Company Chicago, IL | $494,898 | $1,522,334 |
Ballet Five Eight Nfp Orland Park, IL | $389,671 | $1,150,248 |
Ballet Co-Laboratory Saint Paul, MN | $199,864 | $575,525 |
Salt Creek Ballet Company Westmont, IL | $318,809 | $582,129 |
Mankato Ballet Company Mankato, MN | $516,344 | $775,297 |
Ballet Works Inc Minneapolis, MN | $321,556 | $591,481 |
Ballet Chelsea Chelsea, MI | $415,790 | $464,445 |
Ballet Theatre Of Des Moines West Des Moines, IA | $415,618 | $577,818 |