Cedarburg Cultural Center Inc

“As per IRS instructions, direct rental expenses are netted from revenue on form 990. The amount is recorded with expenses on the financial statements.”

“As per IRS instructions, direct rental expenses are netted from revenue on form 990. The amount is recorded with expenses on the financial statements.”

“The collections, which were acquired through purchases and contributions since the Centers inception, are not recognized as assets on the statements of financial position. Purchases of collection items are recorded as decreases in unrestricted net assets in the year in which the items are acquired, or as temporarily or permanently restricted net assets if the assets used to purchase the items are restricted by donors. Contributed collection items are not reflected on the financial statements. Proceeds from deaccessions or insurance recoveries are reflected as increases in the appropriate net asset class. Display, restoration and storage costs associated with these collections and exhibits are expensed.”

“The Center owns the Roger C. Christensen Collection of Antique Packaging and Advertising Art. Curated and maintained by the Center, the collection is one of the most extensive of its kind in the Midwest. Vintage grocery tins, apothecary items and dry goods are among the items that evoke the essence of the old-time general store. The Centers Kuhefuss House Museum, which once sheltered five generations of the Blank and Kuhefuss families, features original and contributed furnishings typical of the late 19th and early 20th centuries. The house, built in 1849, helps tell the story of the German-Americans who settled the Cedarburg area in the mid 1800s.”

“The Center has established an endowment fund with the Greater Milwaukee Foundation (GMF). GMF is an independent organization established in 1915 for the purpose of managing permanent endowment funds which have been established to benefit specific charitable agencies and institutions within the greater Milwaukee community. GMF maintains one endowment fund on behalf of the Center. The program helps donors build charitable endowments through regular contributions to a co-mingled investment account.”