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Arts, Culture, Humanities : Museums

Racine Art Museum

Housing the largest contemporary craft collections in the United States

85.94

441 Main Street PO Box 187
Racine, WI 53401
tel: (262) 638-8300   Web Site
EIN: 39-1018155

Board Leadership
Kara Lakatos
President

CEO
Bruce W. Pepich
Executive Director

 
 
  Score
(out of 100)
Rating
Overall Score & Rating 85.94
  Financial 83.44
  Accountability & Transparency 89.00
This rating was published 06/01/2021 and includes data from FY2019, the most recent 990 received at that time.

The Racine Art Museum (RAM) is an outgrowth of the Charles A. Wustum Museum of Fine Arts (Wustum) which opened in 1941. RAM operates both locations, using Wustum as its visual education center while RAM (open since 2003) is home to internationally recognized exhibitions of contemporary crafts. RAM's mission is to exhibit, collect, preserve, and educate in the contemporary visual arts. RAM houses the largest collection of contemporary crafts in the United States. With a permanent collection of more than 9,000 objects, half of these pieces represent the museum's focus on works from internationally recognized artists in ceramics, fibers, glass, metals, wood, and polymer. Wustum hosts exhibitions of regional/local artists and has one of the largest museum-based studio art class programs in the State. RAM's expanding outreach programs provide free or low-cost, hands-on art experiences to people of all ages at both museums and in other community settings.

The Racine Art Museum (RAM) is an outgrowth of the Charles A. Wustum Museum of Fine Arts (Wustum) which opened in 1941. RAM operates both locations, using Wustum as its visual education center while RAM (open since 2003) is home to internationally recognized exhibitions of contemporary crafts. RAM's mission is to exhibit, collect, preserve, and educate in the contemporary visual arts. RAM houses the largest collection of contemporary crafts in the United States. With a permanent collection of more than 9,000 objects, half of these pieces represent the museum's focus on works from internationally recognized artists in ceramics, fibers, glass, metals, wood, and polymer. Wustum hosts exhibitions of regional/local artists and has one of the largest museum-based studio art class programs in the State. RAM's expanding outreach programs provide free or low-cost, hands-on art experiences to people of all ages at both museums and in other community settings.

Financial

83.44

Accountability & Transparency

89.00

This rating was published 06/01/2021 and includes data from FY2019, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
73.4%
  Administrative Expenses 15.5%
  Fundraising Expenses 11.0%
  Fundraising Efficiency $0.15
  Working Capital Ratio (years) 3.47
  Program Expenses Growth -1.7%
  Liabilities to Assets 1.4%
All data for Financial Performance Metrics calculations was provided by Racine Art Museum on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Racine Art Museum on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Racine Art Museum (WI) 85.94
Women In Military Service For America Memorial Foundation (VA) 90.48
Museum of Photographic Arts (CA) 85.38
The Museum of Flight (WA) 92.66
Air Force Museum Foundation (OH) 85.12

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $925,369
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $21,050
   Related Organizations $0
   Government Grants $327,454
Total Contributions $1,273,873
   Program Service Revenue $178,955
Total Primary Revenue $1,452,828
   Other Revenue $532,383
TOTAL REVENUE $1,985,211
   
EXPENSES  
   Program Expenses $1,419,764
   Administrative Expenses $303,740
   Fundraising Expenses $200,830
TOTAL FUNCTIONAL EXPENSES $1,924,334
   
Payments to Affiliates $0
Excess (or Deficit) for the year $60,877
   
Net Assets $12,475,830

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Exhibitions $854,495 60.2%
Education $311,972 22.0%
Meeting Rooms for Rent $253,297 17.8%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2019-12 06/01/2021 85.94
2018-12 02/01/2020 86.75
2017-12 04/01/2019 85.37
2016-12 06/01/2018 85.66
2015-12 05/01/2017 83.46
2014-12 06/01/2016 84.28
 
CN 2.0
2014-12 02/01/2016 79.64
2013-12 06/01/2015 83.81
2012-12 12/01/2013 81.21
2011-12 03/01/2013 81.79
2010-12 04/01/2012 76.59
2009-12 09/20/2011 87.20
 
CN 1.0
2009-12 02/01/2011 88.36
2008-12 04/01/2010 75.58
2007-12 07/01/2009 78.20
2006-12 06/01/2008 82.99
2005-12 12/01/2006 72.67
2004-12 01/01/2006 82.53
2003-12 12/01/2004 90.30

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 39-1018155
Name in IRS Master File RACINE ART MUSEUM ASSOCIATION INC
NTEE Code A51
NTEE Classification Art Museums
NTEE Type Arts, Culture and Humanities
Classification Educational Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (119) Other cultural or historical activities
(59) Other school related activities
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date February, 1949
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End December
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • December, 2017
  • December, 2016
  • December, 2015
  • December, 2014
  • December, 2013
Compensation % of Expenses Paid to Title
$147,506 7.66% Bruce Pepich Executive Director

Highly Rated

Charity Name & State Overall Score Overall Rating
Racine Art Museum (WI) 85.94
Museum of Photographic Arts (CA) 85.38
Naismith Memorial Basketball Hall of Fame (MA) 86.50
USS Constitution Museum (MA) 92.83
Women In Military Service For America Memorial Foundation (VA) 90.48

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This charity has an official representative registered with Charity Navigator.

Charity Contact Info

Racine Art Museum
441 Main Street
PO Box 187
Racine, WI 53401
tel: (262) 638-8300
fax: (262) 898-1045
EIN: 39-1018155

Visit Web Site

Board Leadership

Kara Lakatos
President

CEO

Bruce W. Pepich
Executive Director

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