Duluth Art Institute Association
- Assets
- $457.6k
- Revenue
- $604.4k
- Investments
- $64.9k
- Employees
- 10
- Location
- Duluth, MN
- Founding
- 07/1961
- Data as of
- 12/2023
- EIN
- 41-0945449
Organization Overview
Duluth Art Institute Association is located in Duluth, MN. The organization was established in 1961. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Duluth Art Institute Association employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Duluth Art Institute Association 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 12/2023, Duluth Art Institute Association generated $604.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $560.3k during the year ending 12/2023. While expenses have increased by 5.2% 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
RECOGNIZE, VALIDATE AND SUPPORT THE CREATION OF ART IN ALL FORMS AND ENCOURAGE PARTICIPATION AND APPRECIATION FOR ARTS IN DULUTH, MN
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATE THE COMMUNITY AT LARGE THROUGH EXHIBITS, INSTRUCTIONAL CLASSES, DEMONSTRATIONS AND PROMOTION OF THE ARTS AND PARTICIPATION IN ART EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christina Woods Executive Di | Officer | 40 | $82,805 |
David Austin Board | Trustee | 1 | $0 |
Celia Cameron Vice Preside | OfficerTrustee | 1 | $0 |
Claudia Faith Board | Trustee | 1 | $0 |
Omawole Famule Board | Trustee | 1 | $0 |
Juli Kellner Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $63,472 |
| All other contributions, gifts, grants, and similar amounts not included above | $358,062 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $421,534 |
| Total Program Service Revenue | $144,885 |
| Investment income | $4 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $36,874 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $604,447 |
| 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. | $82,805 |
| Compensation of current officers, directors, key employees. | $12,421 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $149,944 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,748 |
| Payroll taxes | $19,969 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,375 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $19,490 |
| Office expenses | $3,500 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $80,318 |
| 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 | $14,254 |
| Insurance | $4,632 |
| All other expenses | $0 |
| Total functional expenses | $560,310 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $206,812 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,884 |
| 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 | $178,917 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $64,943 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $457,556 |
| Accounts payable and accrued expenses | $10,121 |
| 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 | $153,366 |
| Other liabilities | $0 |
| Total liabilities | $163,487 |
| Net assets without donor restrictions | $229,126 |
| Net assets with donor restrictions | $64,943 |
| 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 | $457,556 |