Templearts: Nonprofit Profile, Financials & Form 990 (EIN 38-1280546)

Michael Kolleth’s $148K as President is at the 65th percentile of top reported officer pay among 3924 $1–10M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 4 named individuals · Part VII

Name	FY2024	FY2022	FY2021
Michael Kolleth	$147,827	$133,880	$135,000
Susan Kuck	—	—	$78,750
Kendra Parks-Alexander	$73,668	$40,994	—
Larry Preston	—	—	$12,308

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Educates, collects, and preserves art to make it accessible to everyone.

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Provided by the organization

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3 programs · $2.6M · in their own filed words · FY2023

01

Theatre

To strengthen the arts and cultural fabric of the great lakes bay region by providing a historic performing arts center and serving as an administrative hub for arts organizations.

$2.1Mprogram expense

02

Museum

Artists from all over united states, as well as the state of michigan exhibit fine works of art to the citizens of the great lakes bay region. Education and art goes to school: these programs increase knowledge and appreciation of art by providing tour programs to school children and providing instruction for classroom volunteers.

$550Kprogram expense

03

Other

To strengthen the arts and cultural fabric of the great lakes bay region by providing by serving as an administrative hub for arts organizations.

−$23Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record

Grants received · FY2024

Dow Company FoundationFY2024$300K

Donor Advised Charitable Giving INCFY2024$51K

Community Foundation for Southeast MichiganFY2024$20K

Morgan Stanley Global Impact Funding Trust INCFY2024$12K

Chubb Charitable FoundationFY2024$1K

Wallace and Irene Bronner Family Charitable FoundationFY2024$1K

Total grants receivedfrom 6 funders$386K

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By the numbers

The FY2024 990, line by line.

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from philanthropy.org

1The main four

Money inPt VIII

$2.9M

Ln 12

Fees for servicesLn 2g$1.7M

Gifts and grantsLn 1h$841K

Investment incomeLn 3$403K

Money outPt IX

$3.0M

Ln 25

Programscol B$2.6M

Managementcol C$262K

Fundraisingcol D$124K

Owns and owesPt X

$25.4M

net assets · Ln 32

Cash and savingsLn 1–2$1.7M

Total assetsLn 16$28.2M

LiabilitiesLn 26$2.9M

PeoplePt VI, VII

15

listed · VII A

PaidVII A2

Voting boardVI 1a9

IndependentVI 1b9

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$841K

Noncash giftsLn 1g$250

Fees for servicesLn 2g$1.7M

Investment incomeLn 3$403K

Other incomeLn 4–11$3K

Total revenueLn 12$2.9M

Assets in detailPt X, end of year

CashLn 1$1.7M

Cash and savings togetherLn 1–2$1.7M

InvestmentsLn 11–13$12.0M

Land, buildings, equipmentLn 10c$10.2M

Other assetsLn 15$2.9M

Total assetsLn 16$28.2M

LiabilitiesLn 26$2.9M

Net assetsLn 32$25.4M

OperationsPt I, VI

EmployeesI 543

Fiscal year endsHeaderJuly

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$2.3M	$1.7M
InvestmentsLn 11–13	$9.2M	$12.0M
Land, buildings, equipmentLn 10c	$10.4M	$10.2M
Total assetsLn 16	$26.2M	$28.2M
LiabilitiesLn 26	$2.0M	$2.9M
Net assetsLn 32	$24.2M	$25.4M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Pay of current officers, directors and key staffLn 5	$221K	$146K	$51K	$24K
Other salaries and wagesLn 7	$501K	$330K	$116K	$54K
Other employee benefitsLn 9	$84K	$81K	−$10K	$12K
Payroll taxesLn 10	$59K	$43K	$9K	$6K
Other fees for servicesLn 11g	$1.0M	$1.0M	$18K
Advertising and promotionLn 12	$71K	$71K
Office expensesLn 13	$5K	$3K	$1K	$703
OccupancyLn 16	$199K	$170K	$20K	$9K
TravelLn 17	$12K	$12K
Depreciation, depletion and amortizationLn 22	$440K	$396K	$37K	$7K
InsuranceLn 23	$35K	$31K	$3K	$527
Other expenses (24a–d)Ln 24	$250K	$229K	$15K	$6K
All other expensesLn 24e	$66K	$61K	$2K	$3K
Total functional expensesLn 25	$3.0M	$2.6M	$262K	$124K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest Viewing	$2.9M	$3.0M	−$48K	$25.4M	990 PDF
FY2023	$4.8M	$2.9M	$1.9M	$24.2M	990 PDF
FY2022	$2.4M	$1.9M	$543K	$22.2M	990 PDF
FY2021	$2.5M	$2.1M	$409K	$23.6M	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2024 990 (6 parts)

Part I · Summary $2,925,698 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $3,069,585$840,588

I-9 Program service revenuePrior year $1,651,864$1,679,339

I-10 Investment incomePrior year $597,683$402,514

I-11 Other revenuePrior year $10,149$3,257

I-12 Total revenuePrior year $5,329,281$2,925,698

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $815,603$864,338

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $2,069,990$2,109,287

I-18 Total expensesPrior year $2,885,593$2,973,625

I-19 Revenue less expensesPrior year $2,443,688−$47,927

Part VI · Governance 9 of 9 board members independent, no flags

VI-1a Voting members of the governing body9

VI-1b Independent voting members9

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $2,925,698 across 7 lines filed

Lines not itemized here account for $122,349 of total revenue; see the IRS return.

VIII-1b Membership dues$8,800

VIII-1f All other contributions, gifts and grants$831,788

VIII-1g Noncash contributions (included above)$250

VIII-1h Total contributions, gifts and grants$840,588

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $328,203 · Excluded from tax $1,232,044$1,560,247

VIII-3 Investment incomeRelated to mission $402,514$402,514

VIII-12 Total revenueRelated to mission $853,066 · Excluded from tax $1,232,044$2,925,698

Part IX · Statement of functional expenses $2,973,625 across 13 lines filed

IX-5 Pay of current officers, directors and key staffPrograms $146,241 · Management $51,278 · Fundraising $23,976$221,495

IX-7 Other salaries and wagesPrograms $330,465 · Management $115,872 · Fundraising $54,181$500,518

IX-9 Other employee benefitsPrograms $81,196 · Management −$9,783 · Fundraising $12,313$83,726

IX-10 Payroll taxesPrograms $42,890 · Management $9,327 · Fundraising $6,382$58,599

IX-11g Other fees for servicesPrograms $1,012,239 · Management $17,834$1,030,073

IX-12 Advertising and promotionPrograms $71,248$71,248

IX-13 Office expensesPrograms $3,333 · Management $1,447 · Fundraising $703$5,483

IX-16 OccupancyPrograms $169,852 · Management $19,882 · Fundraising $9,085$198,819

IX-17 TravelPrograms $12,470$12,470

IX-22 Depreciation, depletion and amortizationPrograms $395,989 · Management $36,601 · Fundraising $7,398$439,988

IX-23 InsurancePrograms $31,348 · Management $3,300 · Fundraising $527$35,175

IX-24 Other expenses (24a–d)Programs $228,846 · Management $14,813 · Fundraising $6,353$250,012

IX-24e All other expensesPrograms $61,014 · Management $1,732 · Fundraising $3,273$66,019

IX-25 Total functional expensesPrograms $2,587,131 · Management $262,303 · Fundraising $124,191$2,973,625

Part X · Balance sheet $28,215,116 assets, 17 lines filed

X-1 Cash, non-interest-bearingStart of year $2,319,211$1,683,160

X-3 Pledges and grants receivableStart of year $1,514,867$1,186,714

X-4 Accounts receivableStart of year $90,778$233,319

X-8 Inventories for sale or useStart of year $5,146$5,146

X-9 Prepaid expenses and deferred chargesStart of year $46,925$19,030

X-10c Land, buildings and equipment, netStart of year $10,387,021$10,192,518

X-11 Publicly traded securitiesStart of year $9,197,276$12,026,309

X-15 Other assetsStart of year $2,682,792$2,868,920

X-16 Total assetsStart of year $26,244,016$28,215,116

X-17 Accounts payable and accrued expensesStart of year $131,909$234,239

X-19 Deferred revenueStart of year $1,915,428$2,491,315

X-25 Other liabilities$135,350

X-26 Total liabilitiesStart of year $2,047,337$2,860,904

X-27 Net assets without donor restrictionsStart of year $19,334,311$20,521,091

X-28 Net assets with donor restrictionsStart of year $4,862,368$4,833,121

X-32 Total net assets or fund balancesStart of year $24,196,679$25,354,212

X-33 Total liabilities and net assetsStart of year $26,244,016$28,215,116

Part XI · Reconciliation of net assets $25,354,212 net assets at year end

XI-1 Total revenue$2,925,698

XI-2 Total expenses$2,973,625

XI-3 Revenue less expenses−$47,927

XI-4 Net assets at start of year$24,196,679

XI-5 Net unrealized gains (losses) on investments$1,293,310

XI-7 Investment expenses−$87,850

XI-10 Net assets at end of year$25,354,212

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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