BEMIS CENTER FOR CONTEMPORARY ARTS INC

EIN: 470653927 501(c)(3) Arts, Culture & Humanities

OMAHA, NE

Total Revenue
$1,910,739
Total Expenses
$2,392,590
Total Assets
$3,989,227
Net Assets
$3,738,509
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1981
Legal Domicile
NE
Principal Officer
CHRIS COOK
Phone
4023417130
Tax Period
2024-01-01 to 2024-12-31

BEMIS CENTER FOR CONTEMPORARY ARTS INC, founded in 1981, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.9M in total revenue in fiscal year 2024. Expenses of $2.4M exceeded revenue, resulting in a 25% operating deficit.

Mission

PROVIDE RESIDENCY OPPORTUNITIES TO ARTISTS FROM AROUND THE WORLD, SO THAT THEY MAY DEVELOP NEW IDEAS, EXPAND THEIR PRACTICE AND ENGAGE IN THE COMMUNITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,734,126
Program Service Revenue $12,108
Investment Income $12,899
Other Revenue $151,606
TOTAL REVENUE $1,910,739

Expense Breakdown

Grants Paid $376,054
Salaries & Benefits $969,245
Fundraising Expenses $332,170
Program Expenses $1,756,829
Other Expenses $1,047,291
TOTAL EXPENSES $2,392,590

Year-over-Year Comparison

2024 2023 Change
Revenue $1,910,739 $1,786,406 +0.1%
Expenses $2,392,590 $2,362,095 +0.0%
Net Income $-481,851 $-575,689 -0.2%
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

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
17
Independent Members
17
Employees
24
Volunteers
59

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
$154,976
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TODD SIMON PRESIDENT 1.50
Officer Director
$0 $0 $0
TOM SIMMS VICE PRESIDENT 1.50
Officer Director
$0 $0 $0
CHRIS RUSSELL TREASURER 1.50
Officer Director
$0 $0 $0
MARCIA KERRIGAN SECRETARY 1.50
Officer Director
$0 $0 $0
ARUN AGARWAL MEMBER 0.50
Director
$0 $0 $0
BRIAN BARTELS MEMBER 0.50
Director
$0 $0 $0
LILI CHENG MEMBER 0.50
Director
$0 $0 $0
ROBERT DUNCAN MEMBER 0.50
Director
$0 $0 $0
MARCUS FISCHER MEMBER 0.50
Director
$0 $0 $0
DEVIN FOX MEMBER 0.50
Director
$0 $0 $0
NANCY FRIEDMANN-SANCHEZ MEMBER 0.50
Director
$0 $0 $0
EMILIANO LERDA MEMBER 0.50
Director
$0 $0 $0
LEE EMMA RUNNING MEMBER 0.50
Director
$0 $0 $0
POLINA SCHLOTT MEMBER 0.50
Director
$0 $0 $0
JOAQUIN SEGURA MEMBER 0.50
Director
$0 $0 $0
AARON SHADDY MEMBER 0.50
Director
$0 $0 $0
RODRIGO VALENZUELA MEMBER 0.50
Director
$0 $0 $0
CHRIS COOK EXECUTIVE DIRECTOR 40.00
Officer
$144,288 $10,688 $154,976
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 $1,910,739 $2,392,590 $3,989,227 $-481,851
2023 $1,786,406 $2,362,095 $4,368,383 $-575,689
2022 $2,509,643 $2,284,447 $5,033,934 $225,196
2021 $2,093,050 $2,529,409 $4,863,974 $-436,359
2020 $2,947,724 $2,271,581 $5,317,453 $676,143
2019 $1,890,331 $2,030,915 $4,531,897 $-140,584
2018 $2,252,212 $1,774,613 $4,908,719 $477,599
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