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.
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 |
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 |