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Nonprofiteer
← MIDWEST ART CONSERVATION CENTER INC

Form 990 for tax year 2023

Filed by MIDWEST ART CONSERVATION CENTER INC.

Totals

Total revenue
$2,186,109
Total expenses
$2,024,282
Contributions and grants received
$342,521
Grants paid
$0
Program service revenue
$1,724,275
Investment income
$119,313
Other revenue
$0
Total assets, end of year
$3,531,564
Total liabilities, end of year
$816,742
Net assets or fund balances, end of year
$2,714,822
Program services expenses (Part IX)
$1,750,365
Management and general expenses
$260,534
Fundraising expenses
$13,383
Program service expenses (Part III)
$1,750,365

Program services were 86.5% 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)

    $278,842

  • 1f · All other contributions, gifts and grants

    $63,679

  • 2a · Program service revenue: CONSERVATION PROGRAM REVENUE

    total $1,694,775 · related or exempt $1,694,775

  • 2b · Program service revenue: MEMBER DUES

    total $29,500 · related or exempt $29,500

  • 3 · Investment income

    total $76,166 · excluded $76,166

  • 7a · Gross sales of assets other than inventory

    securities $1,198,476

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

    securities $1,155,329

  • 7c · Gain or loss

    securities $43,147

  • 7d · Net gain or loss

    total $43,147 · excluded $43,147

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $149,547 · program services $67,296 · management and general $71,035 · fundraising $11,216

  • 7 · Other salaries and wages

    total $980,879 · program services $937,719 · management and general $42,914 · fundraising $246

  • 9 · Other employee benefits

    total $159,621 · program services $144,041 · management and general $14,492 · fundraising $1,088

  • 10 · Payroll taxes

    total $85,674 · program services $76,968 · management and general $7,873 · fundraising $833

  • 11b · Fees: legal

    total $2,954 · management and general $2,954

  • 11c · Fees: accounting

    total $29,041 · management and general $29,041

  • 11f · Fees: investment management

    total $11,775 · management and general $11,775

  • 11g · Fees: other

    total $204,145 · program services $185,352 · management and general $18,793

  • 12 · Advertising and promotion

    total $4,785 · program services $709 · management and general $4,076

  • 13 · Office expenses

    total $196,374 · program services $171,983 · management and general $24,391

  • 16 · Occupancy

    total $121,834 · program services $109,652 · management and general $12,182

  • 17 · Travel

    total $18,686 · program services $17,597 · management and general $1,089

  • 19 · Conferences, conventions and meetings

    total $17,517 · program services $9,373 · management and general $8,144

  • 22 · Depreciation, depletion and amortization

    total $11,075 · program services $11,075

  • 23 · Insurance

    total $11,457 · program services $7,735 · management and general $3,722

  • 24a · Other expenses: OTHER EXPENSES

    total $8,440 · program services $8,440

  • 24b · Other expenses: BAD DEBT

    total $7,304 · management and general $7,304

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $1,600 · program services $1,600

  • 24d · Other expenses: REPAIRS AND MAINTENANCE

    total $1,574 · program services $825 · management and general $749

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $197,564 · end of year $639,587

  • 2 · Savings and temporary cash investments

    beginning of year $656,706 · end of year $727,643

  • 4 · Accounts receivable

    beginning of year $609,101 · end of year $235,332

  • 9 · Prepaid expenses and deferred charges

    beginning of year $16,328 · end of year $16,328

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

    $277,308

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

    $262,090

  • 10c · Land, buildings and equipment, net

    beginning of year $26,293 · end of year $15,218

  • 11 · Investments: publicly traded securities

    beginning of year $1,173,138 · end of year $1,282,068

  • 15 · Other assets

    beginning of year $118,806 · end of year $615,388

  • 17 · Accounts payable and accrued expenses

    beginning of year $35,591 · end of year $60,850

  • 19 · Deferred revenue

    beginning of year $111,594 · end of year $140,504

  • 25 · Other liabilities

    beginning of year $121,692 · end of year $615,388

  • 27 · Net assets without donor restrictions

    beginning of year $1,776,036 · end of year $2,101,033

  • 28 · Net assets with donor restrictions

    beginning of year $753,023 · end of year $613,789

Mission and programs · 2023

Mission

THE ORGANIZATION'S MISSION IS FOR THE PRESERVATION AND CONSERVATION OF ART AND ARTIFACTS; PROVIDING TREATMENT, EDUCATION, AND TRAINING FOR MUSEUMS, HISTORICAL SOCIETIES, LIBRARIES, OTHER CULTURAL INSTITUTIONS, ARTISTS, AND THE PUBLIC THROUGHOUT THE MIDWEST REGION AND BEYOND.

Activities or mission (Part I)

A NONPROFIT CENTER FOR THE PRESERVATION AND CONSERVATION OF ART AND ARTIFACTS

  • CONSERVATION: SEE SCHEDULE O

    Expenses $1,268,392 · Revenue $1,608,156

  • PREVENTIVE CONSERVATION: SEE SCHEDULE O

    Expenses $481,973 · Revenue $116,119

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Doug Argue

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sarah Brew

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Conley Brooks

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tova Brandt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Stacy Coon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Siri Engberg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nancy Huart

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Erika Holmquist-Wall

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Jones

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bill Peterson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mark Ryan

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Lionel Descamps

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Miles Fiterman

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Tawa Ducheneaux

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mai Vang

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Virajita Singh

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Colin Turner

    EXECUTIVE DIRECTOR

    Total calculated
    $147,636
    From this org
    $140,667
    From related orgs
    $0
    Other
    $6,969
    Hours/week
    50

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
22 January 2025
IRS schema version
2023v6.0
Source object
202530279349300013

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