Madison Youth Arts Center Inc
- Assets
- $34.1m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 3
- Location
- Madison, WI
- Founding
- 06/2019
- Data as of
- 12/2021
- EIN
- 83-2313799
Organization Overview
Madison Youth Arts Center Inc is located in Madison, WI. The organization was established in 2019. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Madison Youth Arts Center Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Madison Youth Arts Center 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, Madison Youth Arts Center Inc generated $2.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (45.7%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. 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
ENSURE OPPORTUNITIES FOR YOUNG PEOPLE TO EXPRESS THEMSELVES, DISCOVER THE ARTS, AND CREATE CONNECTIONS. SERVE AS THE HOME FOR THE CHILDREN'S THEATER OF MADISON AND MADISON YOUTH CHOIRS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WITH CONSTRUCTION OF THE ORGANIZATION'S BUILDING COMPLETED DURING THE REPORTING PERIOD, OUR WORK TO ENSURE OPPORTUNITIES FOR YOUNG PEOPLE TO EXPRESS THEMSELVES, DISCOVER THE ARTS, AND CREATE CONNECTIONS WAS MANIFEST IN 1) CREATING LISTENING SESSIONS THROUGHOUT THE COMMUNITY TO ENGAGE NEIGHBORHOODS AND COMMUNITY PARTNERS WITH OUR MISSION; 2) ESTABLISHING CONNECTIONS WITH YOUTH ARTS PROGRAM PROVIDERS THROUGHOUT THE CITY TO ENSURE DIVERSE REPRESENTATION OF THE ARTS; 3) DEVELOPING AND FOCUSING A LENS OF EQUITY, DIVERSITY AND INCLUSION IN HIRING, BOARD DEVELOPMENT, AND ORGANIZATIONAL ETHOS.
OUR WORK TO ENSURE OPPORTUNITIES FOR YOUNG PEOPLE TO EXPRESS THEMSELVES, DISCOVER THE ARTS, AND CREATE CONNECTIONS IS PROVIDED THROUGH RENTAL OF REHEARSAL AND PERFORMANCE SPACE TO OUR PARTNER AND OTHER AGENCIES TO ENSURE DIVERSE REPRESENTATION OF THE ARTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica Courtier Director Of Community Partnerships | Officer | 40 | $56,998 |
Courtney Byelich Director Of Facilities | Officer | 40 | $49,359 |
Pamela Krill Secretary | OfficerTrustee | 4 | $0 |
Elizabeth Odders-White President | OfficerTrustee | 6 | $0 |
Kris Rasmussen Vice-President | OfficerTrustee | 4 | $0 |
Samuel Lemense Treasurer | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $15,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,978,910 |
| Noncash contributions included in lines 1a–1f | $119,310 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,993,910 |
| Total Program Service Revenue | $100,080 |
| Investment income | $81,215 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,175,205 |
| 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. | $106,357 |
| Compensation of current officers, directors, key employees. | $46,715 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,677 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,136 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,994 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $180,503 |
| Advertising and promotion | $0 |
| Office expenses | $62,707 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $173,792 |
| Travel | $0 |
| 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 | $298,693 |
| Insurance | $43,260 |
| All other expenses | $0 |
| Total functional expenses | $1,086,780 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $580,474 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,057,230 |
| Accounts receivable, net | $64,635 |
| 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 | $20,969 |
| Net Land, buildings, and equipment | $27,534,554 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $625,000 |
| Other assets | $4,234,979 |
| Total assets | $34,117,841 |
| Accounts payable and accrued expenses | $42,774 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $107,572 |
| Total liabilities | $150,346 |
| Net assets without donor restrictions | $29,003,334 |
| Net assets with donor restrictions | $4,964,161 |
| 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 | $34,117,841 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that Madison Youth Arts Center Inc has recieved totaling $11,561,364.
| Awarding Organization | Amount |
|---|---|
Madison Community Foundation Madison, WI PURPOSE: CAPITAL CAMPAIGN CONSTRUCTION COSTS | $2,500,000 |
Madison Community Foundation Madison, WI PURPOSE: CONSTRUCTION COSTS | $2,500,000 |
Madison Community Foundation Madison, WI PURPOSE: CONSTRUCTION & OPERATING COSTS | $2,500,000 |
Madison Community Foundation Madison, WI PURPOSE: CONSTRUCTION COSTS | $2,227,923 |
Madison Community Foundation Madison, WI PURPOSE: BUILIDING CONSTRUCTION | $750,000 |
Madison Community Foundation Madison, WI PURPOSE: ONGOING CONSTRUCTION | $485,000 |
Endowment Analysis
| Beg. Balance | $417,061 |
| Earnings | $80,345 |
| Admin Expense | $19,313 |
| Net Contributions | $1,944 |
| Ending Balance | $480,037 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wisconsin Public Broadcasting Foundation Inc Madison, WI | $32,720,675 | $11,782,247 |
Wisconsin History Foundation Inc Madison, WI | $57,186,900 | $14,378,166 |
Oakleaf Endowment Tr Fbo Minnesota Orchestra 063097 Minneapolis, MN | $81,273,856 | $10,271,429 |
Overture Center Foundation Inc Madison, WI | $20,998,721 | $8,215,874 |
Air Zoo Legacy Foundation Portage, MI | $89,399,860 | $9,308,646 |
Overture Development Corporation Madison, WI | $128,656,351 | $0 |
Des Moines Metro Opera Foundation Inc Indianola, IA | $21,471,212 | $2,429,329 |
Mariners Museum Tr No 2 P03152009 Chicago, IL | $40,886,491 | $1,565,814 |
Michigans Thanksgiving Parade Detroit, MI | $9,957,925 | $2,964,645 |
John R Vanderlip Trust Uw 5006 Nect Milwaukee, WI | $35,603,983 | $4,156,554 |
Mariners Museum Tr No 1 P03583005 Chicago, IL | $28,659,817 | $2,644,762 |
Block 100 Foundation Inc Middleton, WI | $18,901,451 | $2,662,277 |