The Trout Museum Of Art Inc
- Assets
- $244.6k
- Revenue
- $498.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Appleton, WI
- Founding
- 05/2016
- Data as of
- 06/2019
- EIN
- 81-1273001
Organization Overview
The Trout Museum Of Art Inc is located in Appleton, WI. The organization was established in 2016. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. Trout Museum Of Art 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 06/2019, Trout Museum Of Art Inc generated $498.6k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $535.5k during the year ending 06/2019. While expenses have increased by 2.8% per year over the past 4 years. They've been increasing with an increasing level of total revenue. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE, TEACH, AND NOURISH THE CREATION AND APPRECIATION OF THE VISUAL ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXHIBITS & SHOWS: EXHIBITS WERE SPONSORED AND ORGANIZED BY THE MUSEUM TO HIGHLIGHT THE WORKS OF ART FROM THE ORGANIZATION'S PERMANENT COLLECTION, ON LOAN FROM PRIVATE COLLECTIONS AND BY CONTEMPORARY ARTISTS TO PROMOTE, TEACH AND NOURISH THE APPRECIATION OF VISUAL ARTS.
CLASSES: CLASSES WERE OFFERED TO STUDENTS TO PROMOTE, TEACH & NOURISH THE CREATION OF VISUAL ARTS. THE MUSEUM MAKES THE KNOWLEDGE AND EXPERIENCE OF PROFESSIONAL ARTISTS ACCESSIBLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Bergstrom Executive Ch | OfficerTrustee | 1 | $0 |
John Bykowski Past Board C | OfficerTrustee | 1 | $0 |
Walt Rugland Board Member | Trustee | 1 | $0 |
Dede Heid Secretary | OfficerTrustee | 1 | $0 |
Brian Mcginnis Board Member | Trustee | 1 | $0 |
Laurie Ackell Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $495,940 |
| Investment income | $209 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$33,946 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $5,428 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $498,572 |
| Statement of Expenses | |
|---|---|
| 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. | $71,250 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $242,140 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $19,412 |
| Payroll taxes | $23,435 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,880 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,785 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,679 |
| Office expenses | $7,064 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,425 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,247 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,459 |
| Insurance | $6,448 |
| All other expenses | $0 |
| Total functional expenses | $535,510 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,848 |
| Savings and temporary cash investments | $58,991 |
| Pledges and grants receivable | $108,250 |
| Accounts receivable, net | $35,024 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $8,468 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $244,564 |
| Accounts payable and accrued expenses | $36,177 |
| Grants payable | $0 |
| Deferred revenue | $53,160 |
| 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 | $133,991 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $223,328 |
| Net assets without donor restrictions | -$140,511 |
| Net assets with donor restrictions | $161,747 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $21,236 |