Plains Art Museum
- Assets
- $13.4m
- Revenue
- $5.5m
- Investments
- $0.0
- Employees
- 128
- Location
- Fargo, ND
- Founding
- 11/1977
- Data as of
- 06/2023
- EIN
- 41-1260780
Organization Overview
Plains Art Museum is located in Fargo, ND. The organization was established in 1977. According to its NTEE Classification (A51) the organization is classified as: Art Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, Plains Art Museum employed 128 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Plains Art Museum 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, Plains Art Museum generated $5.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 15.4% each year . All expenses for the organization totaled $2.9m during the year ending 06/2023. While expenses have increased by 4.6% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND FOSTER A KNOWLEDGE OF ART BY PROVIDING FACILITIES FOR EXHIBITIONS AND PROGRAMS TO IMPROVE EDUCATION IN THE ARTS.
Describe the Organization's Program Activity:
IN FISCAL YEAR 2023, PLAINS ART MUSEUM ENGAGED OVER 57,431 PEOPLE THROUGH OUR MISSION OF CONNECTING ART, ARTISTS AND AUDIENCES TO FOSTER CREATIVE, RESILIENT, AND WELCOMING COMMUNITIES. THROUGH OUR PLAINSART4ALL INITIATIVE, THE MUSEUM OFFERED FREE GENERAL ADMISSION TO THE GENERAL PUBLIC TO ALMOST 25 TEMPORARY EXHIBITIONS. IN ADDITION, THE MUSEUM FACILITATED OVER 300 EDUCATIONAL EXPERIENCES FOR ALL AGES - TOURS, WORKSHOPS, TALKS, AND MORE; AND FACILITATED NEW COMMUNITY PROGRAMS, OUTREACH EVENTS, AND OUR EXEMPLARY BUZZ LAB TEEN INTERNSHIP AND THE NORTHERN PLAINS SUMMER ART INSTITUTE PROGRAMS.
IN HOUSE EDUCATION PROGRAMS INCLUDE TEACHING ARTISTS LED TOURS, LECTURES, ARTISTS TALKS, ARTIST RESIDENCIES, INTERNSHIPS AND ART CLASSES AND CAMPS FOR ALL AGES. OUTREACH PROGRAMS OFFER ART CLASSES AND ART EDUCATION EXPERIENCES TO RURAL NORTH DAKOTA AND MINNESOTA.
MUSEUM BUILDING OPERATIONS FOR STORAGE AND DISPLAY OF THE PERMANENT COLLECTION WHICH FOCUSES ON 20TH AND 21ST CENTURY AMERICAN ART, REGIONAL ART, AND WORK BY NATIVE AMERICAN ARTISTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Halverson Past Chair | OfficerTrustee | 1 | $0 |
Katie Burgum Itterman Chair | OfficerTrustee | 1 | $0 |
Bill Nielsen Vice Chair & Treasurer | OfficerTrustee | 1 | $0 |
Jessica Hoppe Secretary | OfficerTrustee | 1 | $0 |
Joseph Allen Director | Trustee | 1 | $0 |
Jordan Craig Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $39,125 |
| Fundraising events | $103,314 |
| Related organizations | $0 |
| Government grants | $72,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,216,467 |
| Noncash contributions included in lines 1a–1f | $14,131 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,430,906 |
| Total Program Service Revenue | $277,329 |
| Investment income | $64,671 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $44,733 |
| Net Gain/Loss on Asset Sales | $409,867 |
| Net Income from Fundraising Events | -$40,651 |
| Net Income from Gaming Activities | $2,224,750 |
| Net Income from Sales of Inventory | $41,609 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,453,214 |
| 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. | $271,096 |
| Compensation of current officers, directors, key employees. | $79,669 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,126,769 |
| Pension plan accruals and contributions | $20,637 |
| Other employee benefits | $61,870 |
| Payroll taxes | $101,993 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $248 |
| Fees for services: Accounting | $33,745 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $23,015 |
| Fees for services: Other | $214,861 |
| Advertising and promotion | $34,473 |
| Office expenses | $222,386 |
| Information technology | $9,871 |
| Royalties | $0 |
| Occupancy | $216,415 |
| Travel | $38,385 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,540 |
| Interest | $23,188 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $301,696 |
| Insurance | $27,325 |
| All other expenses | $54,813 |
| Total functional expenses | $2,906,781 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,107,198 |
| Pledges and grants receivable | $2,145,675 |
| Accounts receivable, net | $34,488 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $58,781 |
| Prepaid expenses and deferred charges | $31,977 |
| Net Land, buildings, and equipment | $4,520,644 |
| Investments—publicly traded securities | $4,309,785 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $143,760 |
| Total assets | $13,352,308 |
| Accounts payable and accrued expenses | $549,035 |
| Grants payable | $0 |
| Deferred revenue | $1,084 |
| 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 | $896,585 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $149,255 |
| Total liabilities | $1,595,959 |
| Net assets without donor restrictions | $6,321,380 |
| Net assets with donor restrictions | $5,434,969 |
| 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 | $13,352,308 |