THE UNION FOR CONTEMPORARY ART INC

EIN: 452274312 501(c)(3) Arts, Culture & Humanities

OMAHA, NE

Total Revenue
$5,044,250
Total Expenses
$2,442,275
Total Assets
$10,682,532
Net Assets
$10,390,011
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
NE
Principal Officer
LAKESHA GREEN
Phone
4029333161
Tax Period
2023-01-01 to 2023-12-31

THE UNION FOR CONTEMPORARY ART INC, founded in 2012, is a community nonprofit in the Arts, Culture & Humanities sector that reported $5.0M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. The organization ran a surplus of $2.6M, a strong 52% operating margin.

Mission

THE UNION FOR CONTEMPORARY ART STRENGTHENS THE CULTURAL AND SOCIAL LANDSCAPE OF OUR COMMUNITY BY USING THE ARTS AS A VEHICLE TO INSPIRE POSITIVE SOCIAL CHANGE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $4,911,146
Program Service Revenue $0
Investment Income $90,267
Other Revenue $42,837
TOTAL REVENUE $5,044,250

Expense Breakdown

Grants Paid $57,500
Salaries & Benefits $1,507,448
Fundraising Expenses $41,640
Program Expenses $2,155,011
Other Expenses $877,327
TOTAL EXPENSES $2,442,275

Year-over-Year Comparison

2023 2022 Change
Revenue $5,044,250 $5,474,836 -0.1%
Expenses $2,442,275 $1,746,232 +0.4%
Net Income $2,601,975 $3,728,604 -0.3%
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

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
23
Volunteers
33

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
5
$169,599
Total Directors
12
$169,599
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHAVONNE WASHINGTON-KRAUTH CHAIR 1.00
Officer Director
$0 $0 $0
JEFF BECK VICE CHAIR 1.00
Officer Director
$0 $0 $0
ALI MALOY TREASURER 1.00
Officer Director
$0 $0 $0
JEN PAVKOV SECRETARY 1.00
Officer Director
$0 $0 $0
JARA STURDIVANT-WILSON DIRECTOR 1.00
Director
$0 $0 $0
KAREN BORCHERT DIRECTOR 1.00
Director
$0 $0 $0
ALEXIS BROMLEY DIRECTOR 1.00
Director
$0 $0 $0
ADRIAN DURAN DIRECTOR 1.00
Director
$0 $0 $0
DR MONICA GREEN DIRECTOR 1.00
Director
$0 $0 $0
ASHLEY KUHN DIRECTOR 1.00
Director
$0 $0 $0
CAROL RUSSELL DIRECTOR 1.00
Director
$0 $0 $0
BRIGITTE MCQUEEN EXECUTIVE DIRECTOR 50.00
Officer Director
$169,599 $0 $169,599
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
2024 No data No data No data No data
2023 $5,044,250 $2,442,275 $10,682,532 $2,601,975
2022 $5,474,836 $1,746,232 $9,640,664 $3,728,604
2021 $2,843,847 $1,479,208 $4,100,351 $1,364,639
2020 $2,085,708 $1,304,585 $2,798,090 $781,123
2019 $1,133,510 $1,261,195 $1,299,788 $-127,685
2018 $1,282,681 $1,224,878 $1,341,201 $57,803
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