Norfolk Arts Center
- Assets
- $2.6m
- Revenue
- $290.9k
- Investments
- $0.0
- Employees
- 6
- Location
- Norfolk, NE
- Founding
- 02/1980
- Data as of
- 06/2022
- EIN
- 01-3515109
Organization Overview
Norfolk Arts Center is located in Norfolk, NE. The organization was established in 1980. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Norfolk Arts Center employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Norfolk Arts Center is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Norfolk Arts Center generated $290.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $303.1k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
BRINGING PEOPLE AND THE ARTS TOGETHER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NORFOLK ARTS CENTER IS A COMMUNITY-BASED NON-PROFIT ARTS ORGANIZATION PRESENTING VISUAL ART EXHIBITS, PERFORMING ART EVENTS, AND ARTS EDUCATION OPPORTUNITIES FOR THE ENJOYMENT, EDUCATION, AND ENLIGHTENMENT OF OUR COMMUNITY AND VISITORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sherry Ruden Executive Director | Trustee | 40 | $24,520 |
Denice Hansen Executive Director | Trustee | 40 | $23,681 |
Mark Zimmerer Vice President | OfficerTrustee | 1 | $0 |
Ben Collins President | OfficerTrustee | 1 | $0 |
Roger Nadrchal Treasurer | OfficerTrustee | 1 | $0 |
Rachel Reiser Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $22,441 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $76,411 |
| All other contributions, gifts, grants, and similar amounts not included above | $54,663 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $153,515 |
| Total Program Service Revenue | $23,636 |
| Investment income | $105,636 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,138 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,646 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $290,943 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $133,627 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,952 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,985 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,194 |
| Office expenses | $0 |
| Information technology | $5,460 |
| Royalties | $0 |
| Occupancy | $23,363 |
| Travel | $1,128 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $45,466 |
| Insurance | $13,404 |
| All other expenses | $7,744 |
| Total functional expenses | $303,143 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,645 |
| Savings and temporary cash investments | $99,249 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $121,277 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $759,987 |
| Investments—publicly traded securities | $1,545,934 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $45,000 |
| Total assets | $2,613,092 |
| Accounts payable and accrued expenses | $1,383 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,151 |
| Total liabilities | $6,534 |
| Net assets without donor restrictions | $838,645 |
| Net assets with donor restrictions | $1,767,913 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,613,092 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Norfolk Arts Center has recieved totaling $18,511.
| Awarding Organization | Amount |
|---|---|
Norfolk Area United Way Inc Norfolk, NE PURPOSE: ART SCHOLARSHIP/EDU | $8,000 |
John And Eileen Doherty Foundation Inc Norfolk, NE PURPOSE: NEEDS | $7,000 |
Cardinal Health Foundation Dublin, OH PURPOSE: VOLUNTEER LEADERSHIP GRANT | $3,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $11 |
Endowment Analysis
| Beg. Balance | $1,647,317 |
| Earnings | -$169,113 |
| Net Contributions | $162,423 |
| Other Expense | $94,693 |
| Ending Balance | $1,545,934 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cedars Youth Services Inc Lincoln, NE | $3,781,536 | $13,267,342 |
Arvada Center For The Arts And Humanities Arvada, CO | $4,050,578 | $14,173,425 |
Center Of Creative Arts Saint Louis, MO | $22,497,336 | $9,712,696 |
Washington Pavilion Management Inc Sioux Falls, SD | $7,664,278 | $8,315,223 |
Applied Information Management Institute Omaha, NE | $8,071,442 | $4,851,557 |
Kranzberg Arts Foundation St Louis, MO | $18,112,007 | $6,602,930 |
Wichita Art Museum Inc Wichita, KS | $12,198,968 | $4,522,280 |
Association Of American Voices Saint Louis, MO | $696,688 | $3,487,679 |
Brucemore Inc Cedar Rapids, IA | $18,035,244 | $1,902,736 |
Mizel Center For Arts And Culture Denver, CO | $1,231,289 | $3,287,968 |
Lawrence Arts Center Inc Lawrence, KS | $4,356,263 | $3,080,758 |
Figge Art Museum Davenport, IA | $8,061,931 | $3,020,890 |