Central Minnesota Arts Board
- Assets
- $549.4k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 6
- Location
- Foley, MN
- Founding
- 04/1979
- Data as of
- 06/2023
- EIN
- 41-1349992
Organization Overview
Central Minnesota Arts Board is located in Foley, MN. The organization was established in 1979. According to its NTEE Classification (A26) the organization is classified as: Arts & Humanities Councils & Agencies, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, Central Minnesota Arts Board employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central Minnesota Arts Board 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, Central Minnesota Arts Board generated $1.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $1.2m during the year ending 06/2023. While expenses have increased by 3.6% 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.
Since 2015, Central Minnesota Arts Board has awarded 348 individual grants totaling $4,675,029. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
FUND LOCAL ARTS PROGRAMS
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS IN SUPPORT OF NONPROFIT ARTS ORGANIZATIONS, ARTS PROGRAMMING IN REGIONAL SCHOOLS, INDIVIDUAL ARTIST AWARDS AND TRAININGS, YOUTH SCHOLARSHIPS TO CONTINUE THEIR ARTS EDUCATIONS, PUBLIC ART GRANTS TO INDIVIDUALS AND CITIES
GENERAL OPERATING SUPPORT GRANTS FOR NONPROFIT ARTS ORGANIZATIONS AND INDIVIDUAL ARTIST AWARDS
MANAGEMENT OF AROUNDTHECLOUD, AN ONLINE ART INFORMATION WEBSITE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Denise Todd Board Member | Trustee | 2.5 | $0 |
Jo Mcmullen-Boyer Board Member | Trustee | 2.5 | $0 |
Tanya Piatz-Sandberg Board Member | Trustee | 2.5 | $0 |
Spencer Madsen Board Member | Trustee | 2.5 | $0 |
Bopha Thomas Board Member | Trustee | 2.5 | $0 |
Linda Brobeck Board Member | Trustee | 2.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $979,915 |
| All other contributions, gifts, grants, and similar amounts not included above | $100,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,079,915 |
| Total Program Service Revenue | $0 |
| Investment income | $8,605 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $250 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,128,681 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $678,200 |
| Grants and other assistance to domestic individuals. | $106,600 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $95,975 |
| Compensation of current officers, directors, key employees. | $23,295 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $161,847 |
| Pension plan accruals and contributions | $4,654 |
| Other employee benefits | $13,917 |
| Payroll taxes | $19,321 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,994 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,913 |
| Office expenses | $26,892 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,794 |
| Travel | $1,725 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,696 |
| Insurance | $727 |
| All other expenses | $0 |
| Total functional expenses | $1,173,664 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $373,447 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $222 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $10,350 |
| Net Land, buildings, and equipment | $164,887 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $505 |
| Other assets | $0 |
| Total assets | $549,411 |
| Accounts payable and accrued expenses | $1,639 |
| Grants payable | $184,701 |
| Deferred revenue | $0 |
| 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 | $89,688 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $97,699 |
| Total liabilities | $373,727 |
| Net assets without donor restrictions | $175,684 |
| Net assets with donor restrictions | $0 |
| 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 | $549,411 |
Grants Awarded
Over the last fiscal year, Central Minnesota Arts Board has awarded $618,960 in support to 43 organizations.
| Grant Recipient | Amount |
|---|---|
510 ART LAB PURPOSE: COMMUNITY ARTS SUPPORT GRANT AND PROJECT GRANT | $12,413 |
ANNA MARIE'S ALLIANCE PURPOSE: PROJECT GRANT | $7,750 |
BIG LAKE SCHOOLS COMMUNITY EDUCATION PURPOSE: PROJECT GRANT | $7,664 |
AVON HILLS FOLK SCHOOL PURPOSE: PROJECT GRANT & COMMUNITY ARTS SUPPORT GRANT | $14,296 |
BOYS & GIRLS CLUB OF CENTRAL MINNESOTA PURPOSE: PROJECT GRANTS | $16,000 |
BUFFALO COMMUNITY ORCHESTRA PURPOSE: PROJECT GRANTS & COMMUNITY ARTS SUPPORT GRANT | $22,398 |