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.
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

Charts

Compensation % of Expenses Paid to Title
$147,506 7.66% Bruce Pepich Executive Director

Mission

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.

Highly Rated

Charity Name & State Overall Score Overall Rating
Racine Art Museum (WI) 85.94
Muhammad Ali Center (KY) 90.71
Lone Star Flight Museum (TX) 87.25
Intrepid Museum Foundation (NY) 87.35
National Civil Rights Museum (TN) 90.49

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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