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Nonprofiteer
← MIDLAND CENTER FOR THE ARTS INC

Form 990 for tax year 2024

Filed by MIDLAND CENTER FOR THE ARTS INC.

Totals

Total revenue
$19,175,265
Total expenses
$12,320,644
Contributions and grants received
$6,672,604
Grants paid
$0
Program service revenue
$4,385,960
Investment income
$8,116,701
Other revenue
$0
Total assets, end of year
$129,956,017
Total liabilities, end of year
$5,970,257
Net assets or fund balances, end of year
$123,985,760
Program services expenses (Part IX)
$8,337,225
Management and general expenses
$3,624,981
Fundraising expenses
$358,438
Program service expenses (Part III)
$8,337,225

Program services were 67.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $2,066,190

  • 1f · All other contributions, gifts and grants

    $4,606,414

  • 1g · Noncash contributions included above

    $72,497

  • 2a · Program service revenue: Admissions

    total $3,290,782 · related or exempt $3,290,782

  • 2b · Program service revenue: Service Income

    total $739,109 · related or exempt $739,109

  • 2c · Program service revenue: Concessions and other support

    total $343,814 · related or exempt $343,814

  • 2d · Program service revenue: Memberships

    total $12,255 · related or exempt $12,255

  • 3 · Investment income

    total $5,555,166 · excluded $5,555,166

  • 7a · Gross sales of assets other than inventory

    securities $72,667,899

  • 7b · Less cost or other basis and sales expenses

    securities $70,102,412 · other assets $3,952

  • 7c · Gain or loss

    securities $2,565,487 · other assets -$3,952

  • 7d · Net gain or loss

    total $2,561,535 · excluded $2,561,535

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $598,739 · management and general $598,739

  • 7 · Other salaries and wages

    total $3,098,824 · program services $1,757,025 · management and general $1,129,550 · fundraising $212,249

  • 8 · Pension plan contributions

    total $90,572 · program services $54,355 · management and general $29,226 · fundraising $6,991

  • 9 · Other employee benefits

    total $433,461 · program services $209,132 · management and general $197,429 · fundraising $26,900

  • 10 · Payroll taxes

    total $267,900 · program services $130,480 · management and general $121,704 · fundraising $15,716

  • 11b · Fees: legal

    total $120,314 · management and general $120,314

  • 11c · Fees: accounting

    total $35,500 · management and general $35,500

  • 11f · Fees: investment management

    total $445,442 · management and general $445,442

  • 11g · Fees: other

    total $316,483 · program services $15,767 · management and general $295,658 · fundraising $5,058

  • 12 · Advertising and promotion

    total $708,391 · program services $682,657 · management and general $8,652 · fundraising $17,082

  • 13 · Office expenses

    total $466,796 · program services $269,345 · management and general $193,557 · fundraising $3,894

  • 14 · Information technology

    total $314,082 · program services $155,182 · management and general $144,434 · fundraising $14,466

  • 16 · Occupancy

    total $369,126 · program services $311,250 · management and general $57,876

  • 17 · Travel

    total $28,649 · program services $12,457 · management and general $16,160 · fundraising $32

  • 19 · Conferences, conventions and meetings

    total $39,502 · program services $10,198 · management and general $29,101 · fundraising $203

  • 22 · Depreciation, depletion and amortization

    total $702,983 · program services $690,341 · management and general $12,642

  • 23 · Insurance

    total $140,618 · program services $140,618

  • 24a · Other expenses: Artist and exhibition a

    total $1,579,440 · program services $1,578,627 · management and general $813

  • 24b · Other expenses: Operating expenses

    total $1,008,878 · program services $881,369 · management and general $124,177 · fundraising $3,332

  • 24c · Other expenses: Contracted services

    total $789,824 · program services $789,824

  • 24d · Other expenses: Production activity cos

    total $312,362 · program services $286,564 · management and general $25,798

  • 24e · All other expenses

    total $452,758 · program services $362,034 · management and general $38,209 · fundraising $52,515

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $510,616 · end of year $49,748

  • 2 · Savings and temporary cash investments

    beginning of year $8,121,986 · end of year $23,699,374

  • 3 · Pledges and grants receivable

    beginning of year $14,717,342 · end of year $10,554,045

  • 4 · Accounts receivable

    beginning of year $160,962 · end of year $2,073,878

  • 9 · Prepaid expenses and deferred charges

    beginning of year $680,963 · end of year $344,483

  • 10a · Land, buildings and equipment: cost or other basis

    $49,837,043

  • 10b · Land, buildings and equipment: accumulated depreciation

    $27,719,370

  • 10c · Land, buildings and equipment, net

    beginning of year $10,561,016 · end of year $22,117,673

  • 11 · Investments: publicly traded securities

    beginning of year $64,586,342 · end of year $54,950,298

  • 12 · Investments: other securities

    beginning of year $20,540,998 · end of year $13,767,603

  • 15 · Other assets

    beginning of year $0 · end of year $2,398,915

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,764,203 · end of year $2,970,628

  • 19 · Deferred revenue

    beginning of year $1,353,366 · end of year $2,417,739

  • 25 · Other liabilities

    beginning of year $581,890 · end of year $581,890

  • 27 · Net assets without donor restrictions

    beginning of year $66,743,819 · end of year $83,894,626

  • 28 · Net assets with donor restrictions

    beginning of year $49,436,947 · end of year $40,091,134

Mission and programs · 2024

Mission

To entertain, educate and inspire a diverse and expanding regional audiences in the arts, sciences and humanities.

  • To present various programs that support the mission fo the Center, that includes program expenses and general operations to support those programs. Expenses incurred provide technical services and equipment to operate two theatres, two museums and education activities, marketing and Center magazine expenses, visitor services, box office and house services, and special events.

    Expenses $6,819,090 · Revenue $4,385,960

  • To provide facilities, staff, and other resources to carry out the mission of the organization through the presentation, sponsorship, and support of performances, exhibitions, and cultural activities.

    Expenses $1,518,135

As filed on the 2024 return.

Listed in Part VII

  • Jenifer Acosta

    Chair

    Total calculated
    $0
    Hours/week
    1

  • Bradley Bidwell

    Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • Jessica Snyder

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • David Jaffe

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Mark Flegenheimer

    Immediate Past Chair

    Total calculated
    $0
    Hours/week
    1

  • Brooke Beebe

    Director

    Total calculated
    $0
    Hours/week
    1

  • Honorable Stephen Carras

    Director

    Total calculated
    $0
    Hours/week
    1

  • Maureen Donker

    Director

    Total calculated
    $0
    Hours/week
    1

  • James Jenkins

    Director

    Total calculated
    $0
    Hours/week
    1

  • Joy Yang Jiao

    Director

    Total calculated
    $0
    Hours/week
    1

  • Pavel Konecny

    Director

    Total calculated
    $0
    Hours/week
    1

  • David Midkiff

    Director

    Total calculated
    $0
    Hours/week
    1

  • Ricardo Resio

    Director

    Total calculated
    $0
    Hours/week
    1

  • Lisa Ungerleider

    Director

    Total calculated
    $0
    Hours/week
    1

  • Dr Lydia Watson

    Director

    Total calculated
    $0
    Hours/week
    1

  • Matthew Travis

    CEO

    Total calculated
    $143,044
    From this org
    $124,576
    From related orgs
    $0
    Other
    $18,468
    Hours/week
    40

  • Kelley Kritzman

    CFO

    Total calculated
    $148,959
    From this org
    $133,795
    From related orgs
    $0
    Other
    $15,164
    Hours/week
    40

  • Dave B Jao

    VP Programming

    Total calculated
    $123,845
    From this org
    $111,812
    From related orgs
    $0
    Other
    $12,033
    Hours/week
    40

  • Jon Loos

    Former CEO

    Total calculated
    $241,833
    From this org
    $219,084
    From related orgs
    $0
    Other
    $22,749
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $219,084
    Bonus
    $0
    Other
    $0
    Deferred
    $8,732
    Nontaxable benefits
    $14,017
    Filer's total
    $241,833

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • Center Hospitality LLC

    Liquor · MI · income $342,643 · assets $22,303

    Directly controlled by MCFTA

Provenance

Return type
form_990
Tax year
2024
Filed
9 April 2026
IRS schema version
2024v5.5
Source object
202610999349301326

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