Templearts FY2022 filing

Tax-deductible

Saginaw, MI501(c)(3)Arts & CultureEIN 38-1280546

To provide art for all through education, collection and preservation of art.

501(c)(3) charity; gifts are tax-deductible.
76¢ of each $1 spent went to programs.
$175K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $708K a year · 22% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
76%
of spending
Looks good: 76% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$175K
to officers and key staff · 9% of spending
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 8.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $386K
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$1.2M
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.4M
-5% vs prior year
Spent
$1.9M
To programs
76%
Net assets
$22.2M
By yearFY2021–FY2024
Revenue
$2.4M
FY2022▼ -5%
Revenue by fiscal year
FY2021$2.5M
FY2022$2.4M
FY2023$4.8M
FY2024$2.9M
Expenses
$1.9M
FY2022▼ -12%
Expenses by fiscal year
FY2021$2.1M
FY2022$1.9M
FY2023$2.9M
FY2024$3.0M
Net assets
$22.2M
FY2022▼ -6%
Net assets by fiscal year
FY2021$23.6M
FY2022$22.2M
FY2023$24.2M
FY2024$25.4M

From the FY2022 Form 990 (year ending July 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 1947.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

76 cents of each dollar spent went to programs.

Program services 76% · $1.4M Management & general 13% · $241K Fundraising 11% · $195K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

15 people listed on the 990; $175K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$133,880Pt VII · Sec A
$40,994Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A

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

NameFY2024FY2022FY2021
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.

Provided by the organization

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2 program services account for $1.4M of program spending, described in the organization's own filed words · FY2021.
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.

$972Kprogram 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.

$446Kprogram expense

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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
See all 6 funders →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$2.4M
Ln 12
Gifts and grantsLn 1h$1.1M
Investment incomeLn 3$676K
Fees for servicesLn 2g$632K
Money outPt IX
$1.9M
Ln 25
Programscol B$1.4M
Managementcol C$241K
Fundraisingcol D$195K
Owns and owesPt X
$22.2M
net assets · Ln 32
Cash and savingsLn 1–2$1.3M
Total assetsLn 16$23.4M
LiabilitiesLn 26$1.2M
PeoplePt VI, VII
15
listed · VII A
PaidVII A2
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.1M
Government grantsLn 1e$710K
Noncash giftsLn 1g$3K
Fees for servicesLn 2g$632K
Investment incomeLn 3$676K
Other incomeLn 4–11$5K
Total revenueLn 12$2.4M
Assets in detailPt X, end of year
CashLn 1$1.3M
Cash and savings togetherLn 1–2$1.3M
InvestmentsLn 11–13$8.6M
Land, buildings, equipmentLn 10c$10.4M
Other assetsLn 15$2.7M
Total assetsLn 16$23.4M
LiabilitiesLn 26$1.2M
Net assetsLn 32$22.2M
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
LineStart FY22End FY22
Cash and savingsLn 1–2$1.2M$1.3M
InvestmentsLn 11–13$9.3M$8.6M
Land, buildings, equipmentLn 10c$10.7M$10.4M
Total assetsLn 16$24.7M$23.4M
LiabilitiesLn 26$1.1M$1.2M
Net assetsLn 32$23.6M$22.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$563K$337K$142K$84K
Other employee benefitsLn 9$73K$48K−$244$26K
Payroll taxesLn 10$51K$32K$11K$8K
Other fees for servicesLn 11g$178K$156K$20K$1K
Advertising and promotionLn 12$66K$66K$61$86
Office expensesLn 13$5K$3K$2K$206
OccupancyLn 16$164K$150K$7K$8K
TravelLn 17$3K$3K
Depreciation, depletion and amortizationLn 22$426K$383K$35K$8K
InsuranceLn 23$29K$27K$2K$527
Other expenses (24a–d)Ln 24$203K$163K$7K$33K
All other expensesLn 24e$93K$50K$15K$27K
Total functional expensesLn 25$1.9M$1.4M$241K$195K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $2.9M$3.0M−$48K$25.4M 990 PDF
FY2023 $4.8M$2.9M$1.9M$24.2M 990 PDF
FY2022 Viewing $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 I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (4 parts)
Part VIII · Statement of revenue $2,397,590 across 8 lines filed
Lines not itemized here account for $40,295 of total revenue; see the IRS return.
VIII-1b Membership dues$13,900
VIII-1e Government grants$710,018
VIII-1f All other contributions, gifts and grants$361,575
VIII-1g Noncash contributions (included above)$2,894
VIII-1h Total contributions, gifts and grants$1,085,493
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $287,717 · Excluded from tax $308,418$596,135
VIII-3 Investment incomeRelated to mission $675,667$675,667
VIII-12 Total revenueRelated to mission $996,738 · Excluded from tax $315,359$2,397,590
Part IX · Statement of functional expenses $1,854,255 across 12 lines filed
IX-7 Other salaries and wagesPrograms $337,493 · Management $142,018 · Fundraising $83,827$563,338
IX-9 Other employee benefitsPrograms $48,153 · Management −$244 · Fundraising $25,566$73,475
IX-10 Payroll taxesPrograms $31,977 · Management $11,074 · Fundraising $7,759$50,810
IX-11g Other fees for servicesPrograms $156,265 · Management $20,419 · Fundraising $1,125$177,809
IX-12 Advertising and promotionPrograms $65,786 · Management $61 · Fundraising $86$65,933
IX-13 Office expensesPrograms $3,372 · Management $1,594 · Fundraising $206$5,172
IX-16 OccupancyPrograms $149,757 · Management $7,168 · Fundraising $7,529$164,454
IX-17 TravelPrograms $2,593$2,593
IX-22 Depreciation, depletion and amortizationPrograms $383,234 · Management $34,654 · Fundraising $7,927$425,815
IX-23 InsurancePrograms $26,702 · Management $1,646 · Fundraising $527$28,875
IX-24 Other expenses (24a–d)Programs $162,925 · Management $6,864 · Fundraising $33,403$203,192
IX-24e All other expensesPrograms $49,983 · Management $15,388 · Fundraising $27,418$92,789
IX-25 Total functional expensesPrograms $1,418,240 · Management $240,642 · Fundraising $195,373$1,854,255
Part X · Balance sheet $23,437,974 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $1,154,784$1,284,004
X-3 Pledges and grants receivableStart of year $184,700$105,918
X-4 Accounts receivableStart of year $78,733$193,393
X-8 Inventories for sale or useStart of year $6,122$5,146
X-9 Prepaid expenses and deferred chargesStart of year $21,035$158,800
X-10c Land, buildings and equipment, netStart of year $10,706,921$10,398,644
X-11 Publicly traded securitiesStart of year $9,309,497$8,579,043
X-15 Other assetsStart of year $3,259,120$2,713,026
X-16 Total assetsStart of year $24,720,912$23,437,974
X-17 Accounts payable and accrued expensesStart of year $66,702$59,360
X-19 Deferred revenueStart of year $876,029$1,133,158
X-26 Total liabilitiesStart of year $1,084,680$1,192,518
X-27 Net assets without donor restrictionsStart of year $19,453,520$18,838,287
X-28 Net assets with donor restrictionsStart of year $4,182,712$3,407,169
X-32 Total net assets or fund balancesStart of year $23,636,232$22,245,456
X-33 Total liabilities and net assetsStart of year $24,720,912$23,437,974
Part XI · Reconciliation of net assets $22,245,456 net assets at year end
XI-1 Total revenue$2,397,590
XI-2 Total expenses$1,854,255
XI-3 Revenue less expenses$543,335
XI-4 Net assets at start of year$23,636,232
XI-5 Net unrealized gains (losses) on investments−$1,845,436
XI-7 Investment expenses−$88,675
XI-10 Net assets at end of year$22,245,456

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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