Overview

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Est.

1939

Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

RACINE ART MUSEUM ASSOCIATION INC is an art museum organization focused on exhibiting, collecting, preserving, and educating in the contemporary visual arts. Based on its 2024 filing, it operated on a $2.5M budget and reported $2M in total revenue, with major support from RACINE COMMUNITY FOUNDATION INC, RUFFO FAMILY FOUNDATION INC, and OSBORNE & SCEKIC FAMILY FOUNDATION INC.

Mission Statement

THE MISSION IS TO EXHIBIT, COLLECT, PRESERVE, AND EDUCATE IN THE CONTEMPORARY VISUAL ARTS.
Revenues
$2M
Expenses
$2.5M
Net Income:
-$511.2K
Assets
$12.5M
Liabilities
$394K
Net Assets:
+$12.1M
Operating Budget
$2.5M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
7
Median grant size
$13.8K
Largest grant received
$189.4K
L
Loretta Olsen
Board Member
S
Susan Boland
Board Member
J
James C Small
Board Member
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  • 16 funders
  • 66 board & team members
  • 10 historic 990s & financials
  • 6-year operating budget trend
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Frequently Asked Questions

What is RACINE ART MUSEUM ASSOCIATION INC’s budget?
In 2024, RACINE ART MUSEUM ASSOCIATION INC reported an annual operating budget of around $2.5 million. More detailed financial information is available to registered users.
What causes does RACINE ART MUSEUM ASSOCIATION INC support?
RACINE ART MUSEUM ASSOCIATION INC supports work in Art museums.
Where does RACINE ART MUSEUM ASSOCIATION INC operate?
RACINE ART MUSEUM ASSOCIATION INC is headquartered in Racine, WI.
Who funded RACINE ART MUSEUM ASSOCIATION INC recently?
In 2025, RACINE ART MUSEUM ASSOCIATION INC received grants from OSBORNE & SCEKIC FAMILY FOUNDATION INC, RACINE COMMUNITY FOUNDATION INC, and RUFFO FAMILY FOUNDATION INC. More information on this organization’s funders is available to registered users.
What is the largest grant RACINE ART MUSEUM ASSOCIATION INC received in 2024?
The largest grant to RACINE ART MUSEUM ASSOCIATION INC in 2024 exceeds $189 thousand.
What is RACINE ART MUSEUM ASSOCIATION INC’s reliance on government grants?
RACINE ART MUSEUM ASSOCIATION INC relied on government grants for more than 15% of their total revenue in 2024.