YEISER ART CENTER INC

EIN: 610651822 501(c)(3) Arts, Culture & Humanities

PADUCAH, KY

Total Revenue
$175,782
Total Expenses
$197,247
Total Assets
$38,149
Net Assets
$32,335
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1957
Legal Domicile
KY
Principal Officer
DENNY ROOF
Phone
2074422453
Tax Period
2023-07-01 to 2024-06-30

YEISER ART CENTER INC, founded in 1957, is a small nonprofit in the Arts, Culture & Humanities sector that reported $176K in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $197K exceeded revenue, resulting in a 12% operating deficit.

Mission

THE MISSION OF THE YEISER ARTS CENTER IS TO FURTHER DEVELOPMENT AND APPRECIATION OF THE VISUAL ARTS WITHIN OUR OWN LOCAL COMMUNITY AND THROUGHOUT THE REGION BY PROVIDING DIVERSE AND INCLUSIVE EDUCATIONAL OPPORTUNITIES AND ACTIVITIES THAT HELP TO NURTURE AND REFLCE THE CREATIVE SPIRIT IN ALL OF US.

Program Service Accomplishments

Program 1
Expenses: $106,529 Revenue: $33,251

THE YEISER ART CENTER, LOCATED IN DOWNTOWN PADUCAH, KENTUCKY, PROVIDES NATIONAL, REGIONAL AND LOCAL ARTISTS AN AVENUE TO SHOWCASE THEIR ART IN THE EXHIBITION AREA OF THE CENTER BY VARIOUS ART...

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THE YEISER ART CENTER, LOCATED IN DOWNTOWN PADUCAH, KENTUCKY, PROVIDES NATIONAL, REGIONAL AND LOCAL ARTISTS AN AVENUE TO SHOWCASE THEIR ART IN THE EXHIBITION AREA OF THE CENTER BY VARIOUS ART EXHIBITS THROUGHOUT THE YEAR. ADDITIONALLY, THE ARTS CENTER PROVIDES THE COMMUNITY ACCESS TO THE ARTS BY HOSTING WORKSHOPS AND PROVIDING OTHER EVENTS OF CULTURAL SIGNIFICANCE THROUGHOUT THE YEAR. THE ARTS CENTER ALSO MAINTAINS A PERMAMENT COLLECTION OF ART WORK THAT IS EXHIBITED FROM TIME TO TIME. THE ART CENTER IS FUNDED BY DONATIONS, ENTRY FEES, WORKSHOPS, GALLERY AND GIFT SHOP SALES.

Program 2
Expenses: $79,735 Revenue: $40,239

THE ART CENTER HOSTS AN ANNUAL EVENT, THE LOWER TOWN ARTS AND MUSIC FESTIVAL TO SHOWCASE PADUCAH'S VIBRANT ARTS SCENE. THE EVENT IS HELD IN PADUCAH'S HISTORIC LOWER TOWN ARTS DISTRICT, AND FEATURES A...

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THE ART CENTER HOSTS AN ANNUAL EVENT, THE LOWER TOWN ARTS AND MUSIC FESTIVAL TO SHOWCASE PADUCAH'S VIBRANT ARTS SCENE. THE EVENT IS HELD IN PADUCAH'S HISTORIC LOWER TOWN ARTS DISTRICT, AND FEATURES A DIVERSE RANGE OF LIVE MUSIC, FROM JAZZ AND BLUES TO FOLK MUSIC, ALONGSIDE BOOTHS OF ART EXHIBITS INCLUDING PAINTINGS, CERAMICS, SCULPTURES AND HANDMADE CRAFTS. THE FESTIVAL CELEBRATES BOTH ART AND MUSIC AND SERVES AS AN IMPORTANT CULTURAL EVENT FOR PADUCAH, KENTUCKY.

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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 $102,096
Program Service Revenue $73,490
Investment Income $0
Other Revenue $196
TOTAL REVENUE $175,782

Expense Breakdown

Grants Paid $0
Salaries & Benefits $85,636
Fundraising Expenses $0
Program Expenses $186,264
Other Expenses $111,611
TOTAL EXPENSES $197,247

Year-over-Year Comparison

2023 2022 Change
Revenue $175,782 $198,758 -0.1%
Expenses $197,247 $232,702 -0.2%
Net Income $-21,465 $-33,944 -0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
6
Independent Members
6
Employees
4
Volunteers
10

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
3
$0
Total Directors
3
$0
Key Employees
1
$42,921
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Lexie Millikan Exec Director 40
Key Emp
$42,921 $0 $42,921
Jeff Hudson Director 5
Director
$0 $0 $0
Jason Hargrove Director 5
Director
$0 $0 $0
Jason Lindblad Director 5
Director
$0 $0 $0
Brittany Wallin Board Chair 5
Officer
$0 $0 $0
Julia Borrego Treasurer 5
Officer
$0 $0 $0
Savannah Vincent Secretary 5
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
2025 No data No data No data No data
2024 $175,782 $197,247 $38,149 $-21,465
2023 $198,758 $232,702 $54,617 $-33,944
2022 $264,598 $115,397 $87,745 $149,201
2021 $119,284 $134,086 $63,053 $-14,802
2020 $90,813 $129,831 $88,325 $-39,018
2019 $110,467 $97,623 $99,248 $12,844
2018 $111,674 $122,307 $84,847 $-10,633
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