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Nonprofiteer
← KRASL ART CENTER INC

Form 990 for tax year 2024

Filed by KRASL ART CENTER INC.

Totals

Total revenue
$1,584,698
Total expenses
$1,552,653
Contributions and grants received
$804,186
Grants paid
$0
Program service revenue
$415,155
Investment income
$365,357
Other revenue
$0
Total assets, end of year
$10,721,811
Total liabilities, end of year
$61,093
Net assets or fund balances, end of year
$10,660,718
Program services expenses (Part IX)
$824,440
Management and general expenses
$582,958
Fundraising expenses
$145,255
Program service expenses (Part III)
$824,440

Program services were 53.1% 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)

    $45,000

  • 1f · All other contributions, gifts and grants

    $759,186

  • 1g · Noncash contributions included above

    $32,967

  • 2a · Program service revenue: PROGRAM SERVICES

    total $415,155 · related or exempt $415,155

  • 3 · Investment income

    total $192,723 · excluded $192,723

  • 7a · Gross sales of assets other than inventory

    securities $172,634

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

    securities $0

  • 7c · Gain or loss

    securities $172,634

  • 7d · Net gain or loss

    total $172,634 · excluded $172,634

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $114,926 · program services $62,060 · management and general $40,224 · fundraising $12,642

  • 7 · Other salaries and wages

    total $476,053 · program services $239,273 · management and general $187,795 · fundraising $48,985

  • 9 · Other employee benefits

    total $69,512 · program services $26,884 · management and general $38,181 · fundraising $4,447

  • 10 · Payroll taxes

    total $44,015 · program services $22,183 · management and general $17,117 · fundraising $4,715

  • 11g · Fees: other

    total $216,073 · program services $145,863 · management and general $45,716 · fundraising $24,494

  • 12 · Advertising and promotion

    total $11,618 · program services $9,583 · management and general $1,780 · fundraising $255

  • 13 · Office expenses

    total $110,091 · program services $75,911 · management and general $26,108 · fundraising $8,072

  • 14 · Information technology

    total $47,015 · program services $6,826 · management and general $23,572 · fundraising $16,617

  • 16 · Occupancy

    total $99,128 · program services $26,360 · management and general $67,910 · fundraising $4,858

  • 17 · Travel

    total $4,377 · program services $2,986 · management and general $1,179 · fundraising $212

  • 19 · Conferences, conventions and meetings

    total $4,478 · program services $2,425 · management and general $2,053

  • 20 · Interest

    total $543 · management and general $543

  • 22 · Depreciation, depletion and amortization

    total $179,406 · program services $89,703 · management and general $71,762 · fundraising $17,941

  • 23 · Insurance

    total $31,694 · program services $3,315 · management and general $28,379

  • 24a · Other expenses: OTHER EXPENSES

    total $56,377 · program services $52,849 · management and general $1,527 · fundraising $2,001

  • 24b · Other expenses: LICENSES AND FEES

    total $37,303 · program services $9,913 · management and general $27,374 · fundraising $16

  • 24c · Other expenses: EQUIPMENT RENTAL

    total $29,884 · program services $28,146 · management and general $1,738

  • 24d · Other expenses: ARTIST CONSIGNMENT

    total $20,160 · program services $20,160

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $122,968 · end of year $57,427

  • 3 · Pledges and grants receivable

    beginning of year $10,026 · end of year $0

  • 4 · Accounts receivable

    beginning of year $500 · end of year $500

  • 8 · Inventories for sale or use

    beginning of year $13,853 · end of year $10,044

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

    $6,274,583

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

    $3,138,631

  • 10c · Land, buildings and equipment, net

    beginning of year $3,039,347 · end of year $3,135,952

  • 11 · Investments: publicly traded securities

    beginning of year $3,603,552 · end of year $3,519,296

  • 15 · Other assets

    beginning of year $4,068,566 · end of year $3,998,592

  • 17 · Accounts payable and accrued expenses

    beginning of year $101,003 · end of year $34,193

  • 19 · Deferred revenue

    beginning of year $0 · end of year $26,900

  • 27 · Net assets without donor restrictions

    beginning of year $6,771,236 · end of year $6,757,331

  • 28 · Net assets with donor restrictions

    beginning of year $3,986,573 · end of year $3,903,387

Mission and programs · 2024

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 $277,141 · Revenue $139,126

  • 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 THROUGHOUT ST. JOSEPH AND BENTON HARBOR, MICHIGAN.

    Expenses $151,692 · Revenue $15,077

  • 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, ANNUAL JUNETEENTH FESTIVITIES, AND PECHAS KUCHA. THE KAC ALSO PROVIDES INTEGRAL ART OUTREACH THROUGH PROGRAMS LIKE ART ANGELS, SERVING MEDICAL PATIENTS. PROGRAMS ARE OFFERED ON SITE AND THROUGHOUT THE COMMUNITIES OF ST. JOSEPH AND BENTON HARBOR, MICHIGAN.

    Expenses $348,080 · Revenue $176,729

  • THE ORGANIZATION OFFERS OTHER PROGRAM SERVICES INCLUDING MUSIC, ART SHOP, AND ARTISAN MARKET.

    Expenses $47,527 · Revenue $84,223

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

Listed in Part VII

  • Zachary Vaughn

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Grace Kelmer

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Paulette Johnson

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Paul Fletcher

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Budd Haemer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Alan Corkhill

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Matt Kaiser

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Anna Brooks

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Princella Tobias

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Alison Bullock

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nicole Brown

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Juan Ganum

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tami Fauver

    EXECUTIVE DIRECTOR

    Total calculated
    $105,732
    From this org
    $105,732
    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.

Provenance

Return type
form_990
Tax year
2024
Filed
25 February 2026
IRS schema version
2024v5.5
Source object
202620719349301457

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