Fine Arts Foundation Inc
- Assets
- $173.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Westby, WI
- Founding
- 01/2004
- Data as of
- 12/2020
- EIN
- 39-2018130
Organization Overview
Fine Arts Foundation Inc is located in Westby, WI. The organization was established in 2004. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., 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. Fine Arts Foundation Inc 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 12/2020, Fine Arts Foundation Inc generated $61.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (28.4%) each year. All expenses for the organization totaled $159.3k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3
OUR ORGANIZATION PROMOTES FINE ARTS ACTIVITIES IN THE COMMUNITY BY PROVIDING PERFORMANCES, DISPLAYS, AND WORKSHOPS, ETC. OUR LONG TERM GOAL IS TO BUILD A PERFORMING ARTS CENTER IN WESTBY, WI. BUILDING HAS BEEN COMPLETED, BUT WE ARE STILL RAISING FUNDS NEEDED TO PAY THE SCHOOL FOR PART OF THE COST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sharon Nelson Director | 5 | $0 | |
Linda C Dowling President | 15 | $0 | |
Ann Gibbons Secretary | 10 | $0 | |
Lori Nestngen Director | 5 | $0 | |
Sharon L Evenstad Treasurer | 15 | $0 | |
Karen Ihle-Traastad Vice Preside | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $55,219 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $3,293 |
| Gain or Loss | $2,034 |
| Net Income from Gaming & Fundraising | $1,310 |
| Other Revenue | $0 |
| Total Revenue | $61,856 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $3,377 |
| Occupancy, rent, utilities, and maintenance | $112 |
| Printing, publications, postage, and shipping | $55 |
| Other expenses | $2,706 |
| Total expenses | $159,285 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $173,418 |
| Other assets | $0 |
| Total assets | $173,418 |
| Total liabilities | $0 |
| Net assets or fund balances | $173,418 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Fine Arts Foundation Inc has recieved totaling $11.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $11 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Borealis Philanthropy Minneapolis, MN | $93,121,969 | $83,860,189 |
National Board Of Osteopathic Medical Examiners Inc Chicago, IL | $38,044,964 | $32,817,502 |
Gps Education Partners Inc Waukesha, WI | $3,399,978 | $6,380,793 |
Chicago Humanities Festival Chicago, IL | $20,433,533 | $6,135,727 |
Ashley For The Arts Ltd Arcadia, WI | $72,807 | $2,501,773 |
Duluth & North Shore Railway Inc Duluth, MN | $669,845 | $2,790,590 |
3arts Inc Chicago, IL | $12,078,620 | $2,551,186 |
Lunda Community Center Inc Black River Falls, WI | $21,403,243 | $624,709 |
Culturesource Detroit, MI | $3,009,357 | $2,825,503 |
Mainframe Studios Des Moines, IA | $8,963,700 | $1,124,336 |
Walters Family Foundation Milford, MI | $17,995,622 | $1,842,537 |
Morrison-Shearer Foundation Northbrook, IL | $7,463,772 | $384,897 |