Norfolk Arts Center
- Assets
- $2.9m
- Revenue
- $566.5k
- Investments
- $0.0
- Employees
- 4
- Location
- Norfolk, NE
- Founding
- 02/1980
- Data as of
- 06/2023
- 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 06/2023, Norfolk Arts Center employed 4 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 06/2023, Norfolk Arts Center generated $566.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $334.5k during the year ending 06/2023. While expenses have increased by 1.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2023
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 |
|---|---|---|---|
Ben Collins President | OfficerTrustee | 1 | $0 |
Tina Mazuch Vice President | OfficerTrustee | 1 | $0 |
April Dinkel Secretary | OfficerTrustee | 1 | $0 |
Brent Bossard Board Member | Trustee | 1 | $0 |
Amber Behrens Board Member | Trustee | 1 | $0 |
Karen Christiansen Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $22,005 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $69,733 |
| All other contributions, gifts, grants, and similar amounts not included above | $382,364 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $474,102 |
| Total Program Service Revenue | $19,817 |
| Investment income | $65,784 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,123 |
| 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 | $1,627 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $566,453 |
| 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 | $143,687 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | -$1,327 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,230 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $14,533 |
| Office expenses | $0 |
| Information technology | $5,891 |
| Royalties | $0 |
| Occupancy | $27,255 |
| Travel | $245 |
| 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 | $16,319 |
| All other expenses | $16,312 |
| Total functional expenses | $334,467 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,108 |
| Savings and temporary cash investments | $322,244 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $91,933 |
| 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 | $714,521 |
| Investments—publicly traded securities | $1,731,378 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $45,000 |
| Total assets | $2,927,184 |
| Accounts payable and accrued expenses | $813 |
| 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 | $3,983 |
| Total liabilities | $4,796 |
| Net assets without donor restrictions | $775,680 |
| Net assets with donor restrictions | $2,146,708 |
| 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 | $2,927,184 |