Banfill-Locke Center For The Arts
- Assets
- $76.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Fridley, MN
- Founding
- 07/1979
- Data as of
- 12/2021
- EIN
- 41-1348982
Organization Overview
Banfill-Locke Center For The Arts is located in Fridley, MN. The organization was established in 1979. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, 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. Banfill-Locke Center For The 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, Banfill-Locke Center For The Arts generated $182.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $122.6k during the year ending 12/2021. While expenses have increased by 3.1% per year over the past 7 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 |
|---|---|---|---|
Abigail Kosberg Executive Di | 40 | $44,991 | |
Ann Bolkcom Director | 0 | $0 | |
Aleisha Barton Board Secret | 0 | $0 | |
Clare Hartjes Director | 0 | $0 | |
Mary Jo Pehl Director | 0 | $0 | |
Stephanie Ostwald Board Presid | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $151,568 |
| Total Program Service Revenue | $19,793 |
| Membership dues | $7,697 |
| Investment income | $4 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $182,725 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $66,524 |
| Professional fees and other payments to independent contractors | $30,821 |
| Occupancy, rent, utilities, and maintenance | $158 |
| Printing, publications, postage, and shipping | $82 |
| Other expenses | $25,048 |
| Total expenses | $122,633 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $73,311 |
| Other assets | $0 |
| Total assets | $76,406 |
| Total liabilities | $1,769 |
| Net assets or fund balances | $74,637 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Banfill-Locke Center For The Arts has recieved totaling $150.
| Awarding Organization | Amount |
|---|---|
Xcel Energy Foundation Minneapolis, MN PURPOSE: MATCHING EMPLOYEE DONATION | $150 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Walker Art Center Inc Minneapolis, MN | $379,213,744 | $50,426,261 |
John Michael Kohler Arts Center Inc Sheboygan, WI | $91,886,755 | $7,533,321 |
Washington Pavilion Management Inc Sioux Falls, SD | $7,664,278 | $8,315,223 |
Kohler Trust For The Arts And Education Kohler, WI | $9,068,772 | $5,585,156 |
Success Institute Minneapolis, MN | $1,766,984 | $4,353,040 |
Brucemore Inc Cedar Rapids, IA | $18,035,244 | $1,902,736 |
Milwaukee County War Memorial Inc Milwaukee, WI | $14,315,972 | $2,406,675 |
Figge Art Museum Davenport, IA | $8,061,931 | $3,020,890 |
Zeitgeist Center For Arts And Community Duluth, MN | $16,526,029 | $2,402,669 |
Seward Redesign Inc Minneapolis, MN | $17,574,323 | $2,638,078 |
Bloomington Theatre And Art Center Dba Artistry Bloomington, MN | $570,526 | $1,529,131 |
Phipps Center For The Arts Inc Hudson, WI | $10,511,884 | $2,040,286 |