Rosemount Area Arts Council
- Assets
- $18.9k
- Revenue
- $135.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Rosemount, MN
- Founding
- 06/2008
- Data as of
- 12/2019
- EIN
- 26-1674068
Organization Overview
Rosemount Area Arts Council is located in Rosemount, MN. The organization was established in 2008. According to its NTEE Classification (A26) the organization is classified as: Arts & Humanities Councils & Agencies, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rosemount Area Arts Council 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 12/2019, Rosemount Area Arts Council generated $135.6k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 53.4% each year . All expenses for the organization totaled $140.9k during the year ending 12/2019. While expenses have increased by 59.6% per year over the past 2 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
ROSEMOUNT AREA ARTS COUNCIL EXISTS TO BUILD AND STRENGTHEN THE ROSEMOUNT COMMUNITY THROUGH THE ARTS. THE COUNCIL BRINGS A BROAD VARIETY OF ART OPPORTUNITIES TO THE RESIDENTS OF THE ROSEMOUNT AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COUNCIL PRODUCES OVER 50 EVENTS IN A TYPICAL YEAR. EVENTS CAN INCLUDE BUT ARE NOT LIMITED TO; ART EXHIBITS, MEET THE AUTHOR, PLAYS, CONCERTS, CRAFT DISPLAYS, WRITERS FESTIVAL, TREE LIGHTING, CHRISTMAS AT THE STEEPLE CENTER. EVENT ADMISSION RANGES FROM OPEN TO THE PUBLIC TO PAID ADMISSION TO HELP COVER COSTS. THE BOARD SEEKS TO GRADUALLY EXPAND THE VARIETY AND TYPES OF EVENTS TO GIVE EXPOSURE TO THE BROADER ARTS COMMUNITY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeanne Schwartz Chair | Officer | 25 | $0 |
Keith Reed Vice Chair | Officer | 5 | $0 |
Rebecca Groshong Treasurer | Officer | 10 | $0 |
Ann Loch Secretary | Officer | 5 | $0 |
Megan Wright Membership | Officer | 5 | $0 |
John Loch Programming | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,640 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $81,019 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $83,659 |
| Total Program Service Revenue | $41,647 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $135,616 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $140,878 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,339 |
| Savings and temporary cash investments | $570 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $18,909 |
| Accounts payable and accrued expenses | $454 |
| 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 | $0 |
| Total liabilities | $454 |
| Net assets without donor restrictions | $18,205 |
| Net assets with donor restrictions | $250 |
| 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 | $18,909 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Rosemount Area Arts Council has recieved totaling $40.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $40 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Minnesota Humanities Center St Paul, MN | $15,490,899 | $2,258,980 |
Metropolitan Regional Arts Council St Paul, MN | $2,676,962 | $5,717,209 |
Performing Arts Foundation Inc Wausau, WI | $2,793,768 | $2,598,770 |
Pottawattamie Arts Culture & Entertainment Council Bluffs, IA | $21,175,917 | $2,201,183 |
Reif Arts Council Grand Rapids, MN | $641,981 | $1,377,956 |
Central Minnesota Arts Board Foley, MN | $714,262 | $1,088,614 |
North Dakota Humanities Council Bismarck, ND | $606,082 | $1,234,062 |
Southwest Minnesota Arts Council Marshall, MN | $626,781 | $1,000,524 |
Milwaukee Artist Resource Network Milwaukee, WI | $3,119,888 | $110,621 |
Lake Region Arts Council Inc Fergus Falls, MN | $216,379 | $880,468 |
The Arrowhead Regional Arts Council Duluth, MN | $446,160 | $773,386 |
Five Wings Arts Council Staples, MN | $220,066 | $685,150 |