Totals
- Total revenue
- $1,297,716
- Total expenses
- $1,497,720
- Contributions and grants received
- $814,669
- Grants paid
- $0
- Program service revenue
- $391,295
- Investment income
- $91,752
- Other revenue
- $0
- Total assets, end of year
- $10,181,417
- Total liabilities, end of year
- $91,875
- Net assets or fund balances, end of year
- $10,089,542
- Program services expenses (Part IX)
- $917,247
- Management and general expenses
- $496,750
- Fundraising expenses
- $83,723
- Program service expenses (Part III)
- $917,247
Program services were 61.2% 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)
$103,887
-
1f · All other contributions, gifts and grants
$710,782
-
1g · Noncash contributions included above
$168,255
-
2a · Program service revenue: PROGRAM SERVICES
total $391,295 · related or exempt $391,295
-
3 · Investment income
total $55,994 · excluded $55,994
-
7a · Gross sales of assets other than inventory
securities $377,194
-
7b · Less cost or other basis and sales expenses
securities $341,239 · other assets $197
-
7c · Gain or loss
securities $35,955 · other assets -$197
-
7d · Net gain or loss
total $35,758 · excluded $35,758
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $103,075 · program services $55,661 · management and general $36,076 · fundraising $11,338
-
7 · Other salaries and wages
total $506,506 · program services $322,338 · management and general $160,867 · fundraising $23,301
-
9 · Other employee benefits
total $39,374 · program services $15,618 · management and general $18,550 · fundraising $5,206
-
10 · Payroll taxes
total $45,573 · program services $28,259 · management and general $14,724 · fundraising $2,590
-
11b · Fees: legal
total $12,280 · program services $5,456 · management and general $5,777 · fundraising $1,047
-
11f · Fees: investment management
total $18,861 · management and general $18,861
-
11g · Fees: other
total $63,104 · program services $35,525 · management and general $27,529 · fundraising $50
-
12 · Advertising and promotion
total $20,702 · program services $14,690 · management and general $5,933 · fundraising $79
-
13 · Office expenses
total $103,530 · program services $65,583 · management and general $22,906 · fundraising $15,041
-
14 · Information technology
total $27,183 · program services $6,423 · management and general $20,760
-
16 · Occupancy
total $84,648 · program services $23,383 · management and general $57,638 · fundraising $3,627
-
17 · Travel
total $9,217 · program services $8,561 · management and general $502 · fundraising $154
-
19 · Conferences, conventions and meetings
total $4,302 · program services $2,068 · management and general $2,234
-
22 · Depreciation, depletion and amortization
total $168,428 · program services $84,214 · management and general $67,371 · fundraising $16,843
-
23 · Insurance
total $23,029 · program services $3,315 · management and general $19,714
-
24a · Other expenses: ARTISTS AND PERFORMERS
total $148,052 · program services $146,901 · management and general $101 · fundraising $1,050
-
24b · Other expenses: LICENSES AND FEES
total $36,652 · program services $22,653 · management and general $13,724 · fundraising $275
-
24c · Other expenses: IN-KIND PROGRAM EXPENSE
total $35,755 · program services $34,078 · management and general $1,677
-
24d · Other expenses: EQUIPMENT RENTAL
total $24,865 · program services $23,013 · management and general $42 · fundraising $1,810
-
24e · All other expenses
total $22,584 · program services $19,508 · management and general $1,764 · fundraising $1,312
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $49,799 · end of year $29,245
-
3 · Pledges and grants receivable
beginning of year $4,294 · end of year $18,948
-
8 · Inventories for sale or use
beginning of year $15,281 · end of year $19,805
-
10a · Land, buildings and equipment: cost or other basis
$5,942,774
-
10b · Land, buildings and equipment: accumulated depreciation
$2,807,304
-
10c · Land, buildings and equipment, net
beginning of year $3,059,597 · end of year $3,135,470
-
11 · Investments: publicly traded securities
beginning of year $3,126,292 · end of year $3,316,008
-
15 · Other assets
beginning of year $3,396,782 · end of year $3,661,941
-
17 · Accounts payable and accrued expenses
beginning of year $29,893 · end of year $66,875
-
19 · Deferred revenue
end of year $25,000
-
27 · Net assets without donor restrictions
beginning of year $6,286,600 · end of year $6,507,080
-
28 · Net assets with donor restrictions
beginning of year $3,335,552 · end of year $3,582,462
Mission and programs · 2022
Mission
INSPIRE MEANINGFUL CHANGE AND STRENGTHEN COMMUNITY THROUGH THE VISUAL ARTS.
Activities or mission (Part I)
TO PROMOTE THE STUDY OF ART, ART HISTORY, AND THE ACQUISITION OF WORKS OF ART BY PUBLICE, PRIVATE, AND INDIVIDUAL COLLECTORS. TO PROVIDE COMMUNICATION AND AESTHETIC APPRECIATION OF THE VISUAL FINE ARTS THROUGH EDUCATION AND MAINTIANING AN EXHIBITION FACILITY THAT IS REGULARLY OPEN TO THE PUBLIC IN SOUTHWESTERN MICHIGAN.
-
SUPPORTING ARTISTS: KRASL ART CENTER PROVIDES OPPORTUNITIES FOR VISUAL ARTISTS TO SELL THEIR ONE-OF-A-KIND ARTWORKS THROUGH SUMMER ART MARKETS, ITS NATIONALLY RANKED ANNUAL ART FAIR, AND ITS GIFT SHOP WHICH FOCUSES ON ARTIST MADE GOODS, AS WELL AS OTHER SPECIAL EVENTS THROUGHOUT THE YEAR. KRASL ALSO EMPLOYS ARTISTS AS FACULTY FOR ITS ROBUST OFFERING OF STUDIO CLASSES YEAR ROUND.
Expenses $202,180 · Revenue $196,029
-
CURATORIAL - THE ORGANIZATION FEATURES EXCEPTIONAL FINE ART EXHIBITIONS THROUGHOUT THE YEAR INCLUDING HISTORICAL AND CONTEMPORARY ART IN ITS MAIN GALLERIES, AND INSTALLATION-BASED IMMERSIVE EXPERIENCES IN THE LAB. ADDITIONALLY, CONTEMPORARY SCULPTURE FROM THE ORGANIZATION'S PERMANENT COLLECTION IS SHOWCASED 24 HOURS A DAY, 365 DAYS OF THE YEAR IN OUTDOOR LOCATIONS ON THE CENTER'S GROUNDS, AT LOCAL COLLEGE CAMPUSES AS WELL AS CITY AND COUNTY PARKS FROM NEW BUFFALO TO SOUTH HAVEN, MICHIGAN.
Expenses $269,041 · Revenue $2,770
-
ART EDUCATION - THE ORGANIZATION PROVIDES STUDIO ART CLASSES IN A VARIETY OF MEDIA TO INDIVIDUALS OF ALL AGES AND SKILL SETS. HOMESCHOOLERS, PUBLIC SCHOOL STUDENTS, ADULTS AND SENIORS REGISTER AND ARE ELIGIBLE FOR SCHOLARSHIP FUNDS TO ATTEND. THE KAC OFFERS WEEKLY GALLERY TOURS, FREE MONTHLY FAMILY DAYS AND BIANNUAL STUDIO OPEN HOUSES. IT PARTNERS WITH LOCAL SCHOOLS, YOUTH PROGRAMS, PROFESSIONAL GROUPS AND ARTS AND CULTURE ORGANIZATIONS TO PROVIDE PROGRAMS SUCH AS THE COASTLINE CHILDERN'S FILM FESTIVAL, COMMUNITY STUDENT ART EXHIBITIONS, THE YOUTH ARTS SHOWCASE AND PECHA KUCHA. THE KAC ALSO PROVIDES INTEGRAL ART OUTREACH THROUGH PROGRAMS LIKE ART ANGELS, SERVING MEDICAL PATIENTS. PROGRAMS ARE OFFERED ON SITE, VIRTUALLY AND AS TAKE HOME OPTIONS.
Expenses $316,418 · Revenue $133,883
-
THE ORGANIZATION OFFERS OTHER PROGRAM SERVICES INCLUDING MUSIC, ART SHOP, AND ARTISAN MARKET.
Expenses $129,608 · Revenue $58,613
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Brian EdlefsonBRIAN EDLEFSON
PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
Grace KelmerGRACE KELMER
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
Paul FletcherPAUL FLETCHER
SECRETARY
- Total calculated
- $0
- Hours/week
- 5
-
Steve WessellSTEVE WESSELL
TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
Budd HaemerBUDD HAEMER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Alan CorkhillALAN CORKHILL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Katie KwonKATIE KWON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Anna BrooksANNA BROOKS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Zachary VaughnZACHARY VAUGHN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Alison BullockALISON BULLOCK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Nicole BrownNICOLE BROWN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Paulette JohnsonPAULETTE JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Princella TobiasPRINCELLA TOBIAS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tami FauverTAMI FAUVER
EXECUTIVE DIRECTOR
- Total calculated
- $81,410
- From this org
- $81,410
- From related orgs
- $0
- Other
- $0
- 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.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
KRASL ART CENTER CHARITABLE TRUST CO 1ST SOURCE BANK
501C3 · TO FUND OP · MI
-
ST JOSEPH ART ASSOCIATION CHARITABLE TRUST CO 1ST SOURCE BANK
4947A1 · TO FUND OP · MI
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 17 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202441499349301149
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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