Nemeth Art Center Inc
- Assets
- $38.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Park Rapids, MN
- Founding
- 03/1978
- Data as of
- 11/2023
- EIN
- 41-1301255
Organization Overview
Nemeth Art Center Inc is located in Park Rapids, MN. The organization was established in 1978. According to its NTEE Classification (A50) the organization is classified as: Museums, 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. Nemeth Art Center 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 11/2023, Nemeth Art Center Inc generated $112.0k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 16.0% each year . All expenses for the organization totaled $108.9k during the year ending 11/2023. While expenses have increased by 22.4% per year over the past 3 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Weiler Director | 40 | $43,500 | |
David Welle Board Chair | 5 | $0 | |
Josie Perhus Treasurer | 5 | $0 | |
Aaron Spangler Vice Chair | 5 | $0 | |
Chris Mueller Board Member | 2 | $0 | |
Jeremy Simonson Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $80,685 |
| Total Program Service Revenue | $31,161 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $106 |
| Total Revenue | $111,952 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $47,325 |
| Professional fees and other payments to independent contractors | $14,444 |
| Occupancy, rent, utilities, and maintenance | $889 |
| Printing, publications, postage, and shipping | $625 |
| Other expenses | $45,598 |
| Total expenses | $108,881 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $38,550 |
| Other assets | $0 |
| Total assets | $38,550 |
| Total liabilities | $2,696 |
| Net assets or fund balances | $35,854 |