2025-11-03T09:58:00-06:00 2024-12-31 390919055 RITZ HOLMAN LLP 330 E KILBOURN AVE SUITE 222 MILWAUKEE WI 53202 990 2024-01-01 391018155 RACINE ART MUSEUM ASSOCIATION INC RACI 2626388300 441 MAIN STREET RACINE WI 53403 ROBB WOULFE EXECUTIVE DIRECTOR 2626388300 2025-11-03 1 1 DIANA G LUTTMANN P01075770 4142711451 2025-10-30 2024 2025-03-06 01:10:19Z JOHN CRIMMINGS 441 MAIN STREET RACINE WI 53403 2807263 0 X WWW.RAMART.ORG X 1939 WI THE MISSION IS TO EXHIBIT, COLLECT, PRESERVE, AND EDUCATE IN THE CONTEMPORARY VISUAL ARTS. 25 25 54 50 0 0 2035112 1184846 302813 216208 403747 493457 82148 85407 2823820 1979918 1098 1222 0 0 1296600 1381445 0 0 276154 967222 1108457 2264920 2491124 558900 -511206 12898528 12492523 485833 394002 12412695 12098521 THE MISSION OF THE RACINE ART MUSEUM IS TO EXHIBIT, COLLECT, PRESERVE, AND EDUCATE IN THE CONTEMPORARY VISUAL ARTS. 0 0 231867 1222 98901 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. 1182259 82136 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. 321107 79741 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. 1735233 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 0 0 1 1 0 0 0 0 0 0 0 1 7 0 1 54 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 25 25 0 0 0 0 1 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 WI X RACINE ART MUSEUM ASSOCIATION INC 2626388300 441 MAIN STREET PO BOX 187 RACINE WI 53401 BRUCE PEPICH EXECUTIVE DIR. 40.00 X 193369 0 14695 JOHN CRIMMINGS PRESIDENT 1.00 X X 0 0 0 DEBRA KARP VICE 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 ERIC MEIER DIRECTOR 1.00 X 0 0 0 TONY MAY DIRECTOR 1.00 X 0 0 0 LAURA MAASKE DIRECTOR 1.00 X 0 0 0 JANET POBAR DIRECTOR 1.00 X 0 0 0 MARK JANIUK DIRECTOR 1.00 X 0 0 0 VINCENT VENEGAS DIRECTOR 1.00 X 0 0 0 LORETTA OLSEN DIRECTOR 1.00 X 0 0 0 LAURA MILLION DIRECTOR 1.00 X 0 0 0 JAMES C SMALL DIRECTOR 1.00 X 0 0 0 DALE ZIERTEN DIRECTOR 1.00 X 0 0 0 CARL HIPP DIRECTOR 1.00 X 0 0 0 NANCY WHEELER DIRECTOR 1.00 X 0 0 0 NICHOLE ELCANO DIRECTOR 1.00 X 0 0 0 SUSAN BOLAND DIRECTOR 1.00 X 0 0 0 LISA MARIE BARBER DIRECTOR 1.00 X 0 0 0 LINEA ANTHONY DIRECTOR 1.00 X 0 0 0 JAMES WALKER DIRECTOR 1.00 X 0 0 0 NICOLE FARBO DIRECTOR 1.00 X 0 0 0 DENISE ROBERTS MCKEE DIRECTOR 1.00 X 0 0 0 JULIA OAS DIRECTOR 1.00 X 0 0 0 TOBY SIMPKINS DIRECTOR 1.00 X 0 0 0 193369 0 14695 2 0 1 0 0 55500 391016 738330 93851 1184846 TUITION (EDUCATION) 611600 98901 98901 MEMBERSHIP DUES 713990 74741 74741 EXHIBITION ACTIVITIES 713990 37166 37166 HOTEL VERDANT REVENUE 713990 5000 5000 RENTAL INCOME 721000 400 400 216208 420419 420419 779908 706870 73038 73038 73038 97320 55500 56483 40837 40837 105194 63992 41202 41202 MISCELLANEOUS 900099 3368 3368 3368 1979918 260778 0 534294 1222 1222 222758 147392 37919 37447 941907 623230 160337 158340 41135 27218 7002 6915 80149 53032 13643 13474 95496 63186 16257 16053 26123 26123 32351 32351 69512 69512 92029 68266 23763 46053 22181 20968 2904 46263 30611 7875 7777 225328 218536 4938 1854 9138 3612 5348 178 2304 2304 241435 199732 35879 5824 48456 17154 31302 PAC ACQUISITION 65071 65071 BUILDING MAINTENANCE 61353 56744 3279 1330 GROUNDS MAINTENANCE 46964 46549 320 95 MATERIALS 46867 46867 49210 42326 6684 200 2491124 1735233 479737 276154 13769 18503 255657 193449 993310 9940 3743 7711 71316 64694 38185 35335 8360129 4801124 3779699 3559005 6526557 7456885 782557 794132 433735 352869 12898528 12492523 125469 93770 19399 17304 340965 282928 485833 394002 X 6086288 7082782 6326407 5015739 12412695 12098521 12898528 12492523 -511206 197032 0 X 0 1 X 1 0 X 910170 1233506 1295019 2035112 1184846 6658653 184760 184760 184760 184760 184760 923800 1094930 1418266 1479779 2219872 1369606 7582453 1344016 6238437 263379 385071 398956 325504 420419 1793329 21979 45535 85472 87118 100688 340792 9716574 1476940 0.64200 0.64560 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2020 AMOUNT: $ 21,979. 2021 AMOUNT: $ 45,535. 2022 AMOUNT: $ 85,472. 2023 AMOUNT: $ 87,118. 2024 AMOUNT: $ 100,688. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 6189301 586190 846954 8030 5920507 6192165 501043 496251 7656 6189301 7444241 276 -476562 767244 8546 6192165 6500801 264 1059153 107396 8581 7444241 6573138 264 191574 252454 11721 6500801 0.19000 0.81000 1 0 7777652 4239861 3537791 509432 493720 15712 73045 67543 5502 3559005 POOLED FUNDS RACINE COMMUNITY FOUNDATION 794132 F 794132 FINANCE LEASES 58297 OPERATING LEASES 224631 282928 X 2393351 197032 184760 381792 2011559 32351 -63992 -31641 1979918 2707525 184760 63992 248752 2458773 32351 32351 2491124 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 $1,135,742. DONOR RESTRICTED FUNDS AND ACCUMULATED EARNINGS OF $4,525,294, COLLECTION ACQUISITION ADDITIONS OF $208,460, 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, 2024, 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 -63,992. PART XII, LINE 2D - OTHER ADJUSTMENTS: RECLASS OF COST OF SALES IN REVENUE ON 990 63,992. GALA 152820 55500 97320 45160 11323 152820 55500 97320 45160 11323 56483 40837 X 1 1 X 0 0 0 0 0 0 0 0 0 BRUCE PEPICH EXECUTIVE DIR. 193369 0 0 0 0 0 14695 0 0 0 208064 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. X 9 1077161 FMV 0 0 0 PART I, LINE 33: DURING THE YEAR ENDED DECEMBER 31, 2024, THE ORGANIZATION RECEIVED STOCK GIFTS OF $983,310 THAT WERE PLEDGED AND RECORDED AS REVENUE IN THE YEAR ENDED DECEMBER 31, 2023. FORM 990, PART VI, SECTION A, LINE 6 LINE 6 EXPLANATION - THE CLASSES OF MEMBERS INCLUDE INDIVIDUAL, FAMILY/DUAL, SENIOR, ENTHUSIAST 1, ENTHUSIAST 2, ENTHUSIAST 3, AND ENTHUSIAST 4. 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