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← FLINT INSTITUTE OF ARTS

Form 990 for tax year 2024

Filed by FLINT INSTITUTE OF ARTS.

Totals

Total revenue
$9,288,576
Total expenses
$8,461,648
Contributions and grants received
$6,572,820
Grants paid
$0
Program service revenue
$802,917
Investment income
$1,263,046
Other revenue
$649,793
Total assets, end of year
$68,505,403
Total liabilities, end of year
$507,895
Net assets or fund balances, end of year
$67,997,508
Program services expenses (Part IX)
$6,701,085
Management and general expenses
$1,592,187
Fundraising expenses
$168,376
Program service expenses (Part III)
$6,701,085

Program services were 79.2% 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)

    $2,432,699

  • 1f · All other contributions, gifts and grants

    $4,140,121

  • 2a · Program service revenue: Tuition

    total $479,320 · related or exempt $479,320

  • 2b · Program service revenue: Memberships

    total $316,559 · related or exempt $316,559

  • 2c · Program service revenue: Ticket sales

    total $7,038 · related or exempt $7,038

  • 3 · Investment income

    total $736,659 · excluded $736,659

  • 7a · Gross sales of assets other than inventory

    securities $3,426,968

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

    securities $2,900,581

  • 7c · Gain or loss

    securities $526,387

  • 7d · Net gain or loss

    total $526,387 · related or exempt $526,387

  • 8a · Fundraising events: gross income

    $364,915

  • 8b · Fundraising events: direct expenses

    $140,870

  • 8c · Net income from fundraising events

    total $224,045 · excluded $224,045

  • 10a · Gross sales of inventory

    $328,674

  • 10b · Cost of goods sold

    $190,835

  • 10c · Net income from sales of inventory

    total $137,839 · excluded $137,839

  • 11a · Other revenue: Other Revenue

    total $287,909 · related or exempt $287,909

  • 11e · Other revenue, total

    $287,909

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $371,718 · program services $56,872 · management and general $314,846

  • 7 · Other salaries and wages

    total $3,512,396 · program services $2,953,380 · management and general $502,856 · fundraising $56,160

  • 8 · Pension plan contributions

    total $120,743 · program services $100,450 · management and general $11,730 · fundraising $8,563

  • 9 · Other employee benefits

    total $427,111 · program services $333,624 · management and general $65,567 · fundraising $27,920

  • 10 · Payroll taxes

    total $315,066 · program services $251,856 · management and general $58,914 · fundraising $4,296

  • 11c · Fees: accounting

    total $47,607 · management and general $47,607

  • 11g · Fees: other

    total $300,882 · program services $102,395 · management and general $187,381 · fundraising $11,106

  • 12 · Advertising and promotion

    total $251,442 · program services $240,397 · management and general $6,980 · fundraising $4,065

  • 13 · Office expenses

    total $634,496 · program services $536,771 · management and general $45,244 · fundraising $52,481

  • 16 · Occupancy

    total $537,175 · program services $510,316 · management and general $26,859

  • 17 · Travel

    total $74,559 · program services $48,518 · management and general $22,924 · fundraising $3,117

  • 19 · Conferences, conventions and meetings

    total $19,933 · program services $2,646 · management and general $17,287

  • 22 · Depreciation, depletion and amortization

    total $1,074,816 · program services $1,032,361 · management and general $42,455

  • 23 · Insurance

    total $112,110 · program services $89,309 · management and general $22,801

  • 24a · Other expenses: Repairs and maintenance

    total $400,260 · program services $335,102 · management and general $64,490 · fundraising $668

  • 24b · Other expenses: Miscellaneous

    total $260,320 · program services $106,663 · management and general $153,657

  • 24c · Other expenses: Dues and publications

    total $1,014 · program services $425 · management and general $589

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,573,055 · end of year $1,023,263

  • 3 · Pledges and grants receivable

    beginning of year $348,376 · end of year $362,076

  • 4 · Accounts receivable

    beginning of year $276,830 · end of year $326,457

  • 8 · Inventories for sale or use

    beginning of year $75,994 · end of year $84,379

  • 9 · Prepaid expenses and deferred charges

    beginning of year $180,924 · end of year $257,314

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

    $35,507,266

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

    $15,778,831

  • 10c · Land, buildings and equipment, net

    beginning of year $20,127,875 · end of year $19,728,435

  • 11 · Investments: publicly traded securities

    beginning of year $40,346,275 · end of year $44,527,667

  • 14 · Intangible assets

    beginning of year $25,000 · end of year $25,000

  • 15 · Other assets

    beginning of year $2,063,452 · end of year $2,170,812

  • 17 · Accounts payable and accrued expenses

    beginning of year $377,946 · end of year $325,860

  • 19 · Deferred revenue

    beginning of year $189,439 · end of year $182,035

  • 27 · Net assets without donor restrictions

    beginning of year $42,916,978 · end of year $44,498,987

  • 28 · Net assets with donor restrictions

    beginning of year $21,533,418 · end of year $23,498,521

Mission and programs · 2024

Mission

The Flint Institute of Arts Museum + Art School connects diverse communities through fun, creative, and inspiring visual art experiences.

  • Art workshops and classes provided to the public to increase individual skills and art appreciation.

    Expenses $4,101,599 · Revenue $1,617,213

  • Providing special exhibits for public appreciation and knowledge of art.

    Expenses $1,204,625

  • The cost of acquisition and maintenance of permanent art collection to develop public appreciation and knowledge of art.

    Expenses $1,394,861

  • Notification of the public of Institute programs, classes, exhibits, and operations. Sale of art articles related to the Institute's programs that assist to expand art interest and sales of cafe items. Special events to inform and interest the public in art.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Kathryn C Boles

    President

    Total calculated
    $0
    Hours/week
    1
  • Anton Thornquist

    First Vice-President

    Total calculated
    $0
    Hours/week
    1
  • Elisabeth Saab

    2nd Vice-President

    Total calculated
    $0
    Hours/week
    1
  • Lynne Hurand

    Secretary

    Total calculated
    $0
    Hours/week
    1
  • Jay Werschky

    Treasurer

    Total calculated
    $0
    Hours/week
    1
  • Thomas B Lillie

    Immediate-Past President

    Total calculated
    $0
    Hours/week
    1
  • John Bracey

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Willie Brown

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Ann K Chan

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Christopher Estes

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Chuck Gurden

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Kia Berry Hagens

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Louis A Hawkins

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Dale Keipert

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • James R Kettler

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Alan Klein

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Camille Kroger-McCree

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Asha M Kulkarni

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Matthew L Norwood

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Linda Pylypiw

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Kimberly Robbins

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Betty Salimi

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Sharon A Simeon

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • David T Taylor

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Gregory G Viener

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Ed Watkins

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Dale K Weighill

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Shannon Easter White

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Dean T Yeotis

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Tracee Glab

    Executive Director

    Total calculated
    $220,334
    From this org
    $194,719
    From related orgs
    $0
    Other
    $25,615
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $194,719
    Bonus
    $0
    Other
    $0
    Deferred
    $11,683
    Nontaxable benefits
    $13,932
    Filer's total
    $220,334
  • Mike Melenbrink

    Former Asst. Dir of Finance

    Total calculated
    $136,539
    From this org
    $115,667
    From related orgs
    $0
    Other
    $20,872
    Hours/week
    40

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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 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.

Provenance

Return type
form_990
Tax year
2024
Filed
6 May 2026
IRS schema version
2024v5.5
Source object
202611279349302516

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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