Inverted Arts
- Assets
- $15.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 10/2010
- Data as of
- 12/2021
- EIN
- 27-3029065
Organization Overview
Inverted Arts is located in Minneapolis, MN. The organization was established in 2010. According to its NTEE Classification (A25) the organization is classified as: Arts Education, 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. Inverted Arts 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 12/2021, Inverted Arts generated $143.4k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $133.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Collier President & Director | 40 | $54,000 | |
Joe Davis Arts Leader & Director | 3 | $1,225 | |
Renee Kraemer Vice President & Director | 2 | $0 | |
Kerry Ness Treasurer & Director | 3 | $0 | |
Bret Deneson Secretary & Director | 2 | $0 | |
David Toll Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $143,405 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $143,405 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $80,739 |
| Professional fees and other payments to independent contractors | $4,950 |
| Occupancy, rent, utilities, and maintenance | $14,727 |
| Printing, publications, postage, and shipping | $492 |
| Other expenses | $11,652 |
| Total expenses | $133,513 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $10,119 |
| Other assets | $0 |
| Total assets | $15,359 |
| Total liabilities | $659 |
| Net assets or fund balances | $14,700 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Inverted Arts has recieved totaling $9,718.
| Awarding Organization | Amount |
|---|---|
Mightycause Charitable Foundation Marianna, FL PURPOSE: UNRESTRICTED | $7,595 |
Graco Foundation Minneapolis, MN PURPOSE: GIFT MATCHING | $1,692 |
Graco Foundation Minneapolis, MN PURPOSE: DOLLARS FOR DOERS | $420 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $11 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Macphail Center For Music Minneapolis, MN | $35,895,025 | $13,629,957 |
Northern Clay Center Minneapolis, MN | $4,214,446 | $1,584,059 |
Wisconsin Foundaton For Educational Administration Inc Madison, WI | $1,928,269 | $1,830,497 |
Compas Inc Saint Paul, MN | $901,341 | $1,622,241 |
Lundstrum Center For The Performing Arts Minneapolis, MN | $4,589,030 | $3,242,300 |
Minnetonka Center For The Arts Wayzata, MN | $4,918,797 | $1,090,621 |
Highpoint Center For Printmaking Minneapolis, MN | $3,433,299 | $1,165,145 |
Upstream Arts Minneapolis, MN | $767,921 | $982,473 |
International Music Camp Inc Minot, ND | $1,150,224 | $1,047,547 |
Foci Minnesota Center For Glass Arts Minneapolis, MN | $1,347,275 | $707,574 |
Lynden Inc River Hills, WI | $1,031,595 | $1,460,149 |
Creative Adventure Lab Inc Dubuque, IA | $790,548 | $976,399 |