Banfill-Locke Center For The Arts
- Assets
- $127.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Fridley, MN
- Founding
- 07/1979
- Data as of
- 12/2022
- 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 12/2022, Banfill-Locke Center For The Arts generated $149.8k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 15.8% each year . All expenses for the organization totaled $166.7k during the year ending 12/2022. While expenses have increased by 17.3% per year over the past 4 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 |
|---|---|---|---|
Ann Bolkcom Board Member | 0 | $0 | |
Aleisha Barton Director | 0 | $0 | |
Aly Rhodes Director | 0 | $0 | |
Rachel Gonzalez Board Member | 0 | $0 | |
Kim Malakowsky Board Member | 0 | $0 | |
Julie Marckel Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $98,429 |
| Total Program Service Revenue | $44,096 |
| Membership dues | $7,245 |
| Investment income | $8 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $149,778 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $97,079 |
| Professional fees and other payments to independent contractors | $31,225 |
| Occupancy, rent, utilities, and maintenance | $1,810 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $36,562 |
| Total expenses | $166,676 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $7,981 |
| Other assets | $0 |
| Total assets | $126,982 |
| Total liabilities | $69,244 |
| Net assets or fund balances | $57,738 |