GALESBURG COMMUNITY ARTS CENTER INC

EIN: 370916623 501(c)(3)

GALESBURG, IL

Total Revenue
$1,836,409
Total Expenses
$265,394
Total Assets
$2,183,320
Net Assets
$2,020,303
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1965
Legal Domicile
IL
Principal Officer
NIELS LEWIS
Phone
3093427415
Tax Period
2022-07-01 to 2023-06-30

GALESBURG COMMUNITY ARTS CENTER INC, founded in 1965, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2022. Revenue surged 885% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.6M, a strong 86% operating margin.

Mission

THE GALESBURG COMMUNITY ARTS CENTER, INC. CONNECTS OUR COMMUNITY TO THE ARTS THROUGH EXHIBITIONS AND PERFORMANCES, ARTS EDUCATION PROGRAMMING, AND EXPERIENCES.

Program Service Accomplishments

Program 1
Expenses: $189,733

THE GALESBURG COMMUNITY ARTS CENTER, INC. CONNECTS OUR COMMUNITY TO THE ARTS THROUGH EXHIBITIONS AND PERFORMANCES, ARTS EDUCATION PROGRAMMING, AND EXPERIENCES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $1,715,888
Program Service Revenue $75,204
Investment Income $1,432
Other Revenue $43,885
TOTAL REVENUE $1,836,409

Expense Breakdown

Grants Paid $0
Salaries & Benefits $117,606
Fundraising Expenses $21,100
Program Expenses $189,733
Other Expenses $147,788
TOTAL EXPENSES $265,394

Year-over-Year Comparison

2022 2021 Change
Revenue $1,836,409 $186,430 +8.9%
Expenses $265,394 $175,434 +0.5%
Net Income $1,571,015 $10,996 +141.9%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
14
Independent Members
14
Employees
7
Volunteers
89

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✓ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
14
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JANE AUGUSTSON DIRECTOR N/A
Officer
$0 $0 $0
CHRIS DOKOLASA DIRECTOR N/A
Officer
$0 $0 $0
MICHAEL FRIES EX-OFFICIO N/A
Officer
$0 $0 $0
NIELS LEWIS PRESIDENT N/A
Officer
$0 $0 $0
THERESA MANGIERI DIRECTOR N/A
Officer
$0 $0 $0
ELLEN MCDOWELL VICE-PRESIDE N/A
Officer
$0 $0 $0
PATRICK MESSENGER DIRECTOR N/A
Officer
$0 $0 $0
JOHN MISURACA DIRECTOR N/A
Officer
$0 $0 $0
RANDY NEWCOMB DIRECTOR N/A
Officer
$0 $0 $0
NANCY OLSON SECRETARY N/A
Officer
$0 $0 $0
GAYLA PACHECO DIRECTOR N/A
Officer
$0 $0 $0
GAVIN PHILLIPS DIRECTOR N/A
Officer
$0 $0 $0
MAEVE REILLY DIRECTOR N/A
Officer
$0 $0 $0
BOUDEWIJN SLIEPEN TREASURER N/A
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2023 $1,836,409 $265,394 $2,183,320 $1,571,015
2022 $186,430 $175,434 $527,832 $10,996
2021 $474,141 $172,386 $586,447 $301,755
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