2024-11-13T15:44:12-06:00 2023-12-31 390919055 RITZ HOLMAN LLP 330 E KILBOURN AVE SUITE 550 MILWAUKEE WI 53202 990 2023-01-01 391018155 RACINE ART MUSEUM ASSOCIATION INC RACI 2626388300 441 MAIN STREET RACINE WI 53403 BRUCE PEPICH EXECUTIVE DIR. 2626388300 2024-11-13 1 0 DIANA G LUTTMANN P01075770 4142711451 2024-11-13 2023 2024-10-15 13:58:12Z BRUCE PEPICH 441 MAIN STREET RACINE WI 53403 3612599 0 X WWW.RAMART.ORG X 1939 WI THE MISSION IS TO EXHIBIT, COLLECT, PRESERVE, AND EDUCATE IN THE CONTEMPORARY VISUAL ARTS. 27 27 53 50 0 0 1295019 2035112 173387 302813 544180 403747 105435 82148 2118021 2823820 511 1098 0 0 1341404 1296600 0 0 255176 858773 967222 2200688 2264920 -82667 558900 11889290 12898528 238358 485833 11650932 12412695 THE MISSION OF THE RACINE ART MUSEUM IS TO EXHIBIT, COLLECT, PRESERVE, AND EDUCATE IN THE CONTEMPORARY VISUAL ARTS. 0 0 292669 1098 162413 STUDIO ART CLASS EDUCATION - RAMA'S WUSTUM MUSEUM HAS ONE OF THE LARGEST MUSEUM-BASED STUDIO ART PROGRAMS IN WISCONSIN. SINCE THE MUSEUM OPENED IN 1941, MORE THAN 40 AFFORDABLE STUDIO ART COURSES IN VARIOUS MEDIA ARE OFFERED EACH SEMESTER AND DURING THE SUMMER FOR CHILDREN AND ADULTS. STUDENTS OF ALL AGES AND SKILL LEVELS - BEGINNING TO ADVANCED - LEARN SIDE-BY-SIDE WITH INSTRUCTORS WHO ARE WORKING ARTISTS, KNOWN LOCALLY AND NATIONALLY FOR THEIR TALENT. COSTS VARY DEPENDING UPON THE LENGTH OF CLASS AND MATERIALS. SOME CLASSES REQUIRE THE PURCHASE OF ADDITIONAL SUPPLIES. 943788 31455 EXHIBITIONS - RAMA SPONSORS 7 BLOCKS OF FINE ART EXHIBITIONS ANNUALLY IN TWO MUSEUMS WHICH ATTRACT OVER 50,000 VISITORS. RAMA REPRESENTS ARTISTS IN SOLO, GROUP AND JURIED EXHIBITIONS. MEMBERSHIP INCLUDES UNLIMITED FREE MUSEUM ADMISSION AND REDUCED RATES ON CLASSES AND WORKSHOPS AND RETAIL STORE DISCOUNTS. 303750 162610 RAMA OFFERS REASONABLY PRICED MEETING ROOM RENTALS FOR BUSINESSES, GROUPS, AND INDIVIDUALS ALONG WITH ENRICHMENT OPPORTUNITIES INCLUDING CURATORIAL PRESENTATIONS, MUSEUM TOURS, AND HANDS-ON ART PROJECTS FOR GROUP RETREATS, TEAM BUILDING, AND PROJECT PLANNING. RAMA PROVIDES A MUSEUM STORE FOR THE CONVENIENCE OF VISITORS. 1540207 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 1 17 0 1 53 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 27 27 1 0 0 0 1 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 WI X BRUCE PEPICH 2626388300 441 MAIN STREET PO BOX 187 RACINE WI 53401 JOHN CRIMMINGS PRESIDENT 1.00 X X 0 0 0 JUSTIN PETERMAN TREASURER 1.00 X X 0 0 0 CLAIR HOLLAND SECRETARY 1.00 X X 0 0 0 LINEA ANTHONY DIRECTOR 1.00 X 0 0 0 LISA MARIE BARBER DIRECTOR 1.00 X 0 0 0 SUSAN BOLAND DIRECTOR 1.00 X 0 0 0 NICHOLE ELCANO DIRECTOR 1.00 X 0 0 0 NICOLE FARBO DIRECTOR 1.00 X 0 0 0 BEN FLEGEL DIRECTOR 1.00 X 0 0 0 SHERONDA GLASS DIRECTOR 1.00 X 0 0 0 CARL HIPP DIRECTOR 1.00 X 0 0 0 MARK JANIUK DIRECTOR 1.00 X 0 0 0 DEBRA KARP DIRECTOR 1.00 X 0 0 0 LAURA MAASKE DIRECTOR 1.00 X 0 0 0 TONY MAY DIRECTOR 1.00 X 0 0 0 ERIC MEIER DIRECTOR 1.00 X 0 0 0 LAURA MILLION DIRECTOR 1.00 X 0 0 0 LORETTA OLSEN DIRECTOR 1.00 X 0 0 0 JANET POBAR DIRECTOR 1.00 X 0 0 0 DIANE RUFFO DIRECTOR 1.00 X 0 0 0 JAMES C SMALL DIRECTOR 1.00 X 0 0 0 NIEL STAECK DIRECTOR 1.00 X 0 0 0 VINCENT VENEGAS DIRECTOR 1.00 X 0 0 0 JAMES WALKER DIRECTOR 1.00 X 0 0 0 NANCY WHEELER DIRECTOR 1.00 X 0 0 0 DENISE WILCOX DIRECTOR 1.00 X 0 0 0 DALE ZIERTEN DIRECTOR 1.00 X 0 0 0 BRUCE PEPICH EXECUTIVE DIR. 40.00 X 186622 0 13251 LAURA D'AMATO DIR OF OPERATIONS AND DEVELOPMENT 1.00 X 100863 0 7416 287485 0 20667 2 0 1 0 0 41775 362027 1631310 2035112 HOTEL VERDANT REVENUE 713990 107345 107345 TUITION (EDUCATION) 611600 91700 91700 MEMBERSHIP DUES 713990 70713 70713 EXHIBITION ACTIVITIES 713990 31455 31455 RENTAL INCOME 721000 1600 1600 302813 325504 325504 767068 688825 78243 78243 78243 83613 41775 55130 28483 28483 94984 44824 50160 50160 MISCELLANEOUS 900099 3505 3505 3505 2823820 356478 0 432230 1098 1098 199873 125401 39854 34618 882049 553398 175880 152771 43360 27204 8646 7510 80936 50779 16139 14018 90382 56706 18022 15654 696 696 27308 27308 30255 30255 8031 8031 76905 55569 21336 84248 51805 32443 43463 2499 40964 204879 196129 7057 1693 4785 4170 375 240 2037 2037 331 331 238362 206192 26219 5951 43506 14783 28723 ARTWORK PURCHASES FOR O 73745 73745 GROUNDS MAINTENANCE 44184 43852 332 BUILDING MAINTENANCE 41386 37930 2603 853 MATERIALS 26743 26743 16358 10167 5991 200 2264920 1540207 469537 255176 17806 13769 241707 255657 250286 993310 4287 3743 58055 71316 21511 38185 8355571 4575872 3946252 3779699 6455248 6526557 745047 782557 149091 433735 11889290 12898528 86157 125469 79746 19399 72455 340965 238358 485833 X 5966423 6086288 5684509 6326407 11650932 12412695 11889290 12898528 558900 202863 0 X 0 1 X 1 0 X 1273873 910170 1233506 1295019 2035112 6747680 184760 184760 184760 184760 184760 923800 1458633 1094930 1418266 1479779 2219872 7671480 1449070 6222410 320613 263379 385071 398956 325504 1693523 32544 21979 45535 85472 87118 272648 9637651 1433915 0.64560 0.67130 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2019 AMOUNT: $ 32,544. 2020 AMOUNT: $ 21,979. 2021 AMOUNT: $ 45,535. 2022 AMOUNT: $ 85,472. 2023 AMOUNT: $ 87,118. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 6192165 501043 496251 7656 6189301 7444241 276 -476562 767244 8546 6192165 6500801 264 1059153 107396 8581 7444241 6573138 264 191574 252454 11721 6500801 6384311 264 1001916 806188 7165 6573138 0.17000 0.83000 1 0 7777652 4032358 3745294 504874 484156 20718 73045 59358 13687 3779699 POOLED FUNDS RACINE COMMUNITY FOUNDATION 782557 F 782557 FINANCE LEASES 73439 OPERATING LEASES 267526 340965 X 3226012 202863 184760 387623 2838389 30255 -44824 -14569 2823820 2464249 184760 44824 229584 2234665 30255 30255 2264920 PART III, LINE 1A: IN ACCORDANCE WITH POLICIES GENERALLY FOLLOWED BY MUSEUMS, OBJECTS OF ART THAT ARE ACCESSIONED INTO THE MUSEUM'S PERMANENT COLLECTION HAVE BEEN EXCLUDED FROM THE BALANCE SHEET. PART III, LINE 4: THE ASSOCIATION'S PERMANENT COLLECTION CONSISTS PRIMARILY OF ARTWORK OF THE HIGHEST QUALITY BY AMERICAN ARTISTS WITH REGIONAL, NATIONAL AND INTERNATIONAL REPUTATIONS, CONCENTRATING ON CERAMICS, FIBERS, GLASS, METALS, PLASTICS, WOOD, ARTISTS' BOOKS AND WORKS ON PAPER. PART V, LINE 4: THE ENDOWMENT INCLUDES BOARD DESIGNATED WITHOUT DONOR RESTRICTIONS AND WITH DONOR RESTRICTIONS NET ASSETS. EARNINGS ON FUNDS THAT ARE BOARD DESIGNATED OR DONOR RESTRICTED ARE ALSO CONSIDERED DESIGNATED OR RESTRICTED FOR THE DETERMINED PURPOSE. BOARD DESIGNATED FUNDS AND ACCUMULATED EARNINGS OF $1,063,502 ARE DESIGNATED FOR SPECIFIC COLLECTION PURPOSES. DONOR RESTRICTION FUNDS AND ACCUMULATED EARNINGS ARE RESTRICTED FOR OPERATIONS OF $4,823,233, COLLECTION ACQUISITION OF $251,555, EDUCATION OF $50,000, AND EARMARKED GIFTS OF $1,011. PART X, LINE 2: THE ASSOCIATION IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS CLASSIFIED AS OTHER THAN A PRIVATE FOUNDATION. MANAGEMENT HAS REVIEWED ALL TAX POSITIONS RECOGNIZED IN PREVIOUSLY FILED TAX RETURNS AND THOSE EXPECTED TO BE TAKEN IN FUTURE TAX RETURNS. AS OF DECEMBER 31, 2023, THE ASSOCIATION HAD NO AMOUNTS RELATED TO UNRECOGNIZED INCOME TAX BENEFITS AND NO AMOUNTS RELATED TO ACCRUED INTEREST AND PENALTIES. THE ASSOCIATION DOES NOT ANTICIPATE ANY SIGNIFICANT CHANGES TO UNRECOGNIZED INCOME TAX BENEFITS OVER THE NEXT YEAR. THE ASSOCIATION IS NOT UNDER AUDIT BY ANY FEDERAL OR STATE TAXING AUTHORITY. PART XI, LINE 4B - OTHER ADJUSTMENTS: RECLASS OF COST OF SALES IN REVENUE ON 990 -44,824. PART XII, LINE 2D - OTHER ADJUSTMENTS: RECLASS OF COST OF SALES IN REVENUE ON 990 44,824. GALA 125388 41775 83613 25970 29160 125388 41775 83613 25970 29160 55130 28483 X 1 1 X 0 0 0 0 0 0 0 0 0 BRUCE PEPICH EXECUTIVE DIR. 186622 0 0 0 0 0 13251 0 0 0 199873 0 0 0 PART I, LINE 1A DISCRETIONARY SPENDING IS PROVIDED FOR A SMALL AMOUNT OF UNKNOWN COSTS THAT MAY BE NECESSARY FOR THE OPERATIONS OF RACINE ART MUSEUM ASSOCIATION, INC. LISA ENGLANDER WIFE - OFFICER 5722 WAGES 0 X 1 41711 FMV 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 LINE 2 EXPLANATION - TWO KEY EMPLOYEES ARE MARRIED. FORM 990, PART VI, SECTION A, LINE 6 LINE 6 EXPLANATION - THE CLASSES OF MEMBERS INCLUDE INDIVIDUAL, FAMILY, SENIOR, STUDENT, NATIONAL, YOUTH PROFESSIONAL, SUSTAINING, SUPPORTING, BENEFACTOR, MASTER, AND CORPORATE PARTNER. EACH MEMBER, REGARDLESS OF CLASS, SHALL BE ENTITLED TO ONE VOTE ON EACH MATTER SUBMITTED TO A VOTE OF THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B LINE 11B EXPLANATION - A DRAFT OF THE 990 IS EMAILED TO ALL BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS AND STAFF ARE REQUIRED TO DISCLOSE POTENTIAL CONFLICTS OF INTEREST. OTHER MEMBERS OF THE BOARD OR COMMITTEE DETERMINE IF A CONFLICT EXISTS. WHEN THIS OCCURS, THE BOARD MEMBER WITH A POTENTIAL CONFLICT OF INTEREST IS ASKED TO LEAVE THE ROOM DURING THE DISCUSSION AND VOTING PROCESS. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS REVIEWS THE COMPENSATION OF STAFF AS PART OF THE ANNUAL BUDGETING PROCESS. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST