Waseca Arts Council Inc
- Assets
- $719.9k
- Revenue
- $79.2k
- Investments
- $31.7k
- Employees
- 5
- Location
- Waseca, MN
- Founding
- 05/1979
- Data as of
- 12/2020
- EIN
- 41-1352545
Organization Overview
Waseca Arts Council Inc is located in Waseca, 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 12/2021, Waseca Arts Council Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Waseca Arts Council 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 12/2020, Waseca Arts Council Inc generated $79.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (14.7%) each year. All expenses for the organization totaled $65.0k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (5.2%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE SOCIAL, CULTURAL AND ECONOMIC CLIMATE OF THE ARTS IN WASECA COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE THE PEOPLE OF GREATER WASECA COUNTY AREA OPPORTUNITIES TO EXPERIENCE DIVERSE CREATIVE ARTS ESSENTIAL TO A HEALTHY COMMUNITY.
A HIGH SCHOOL STUDENT RECEIVING A SCHOLARSHIP IS REQUIRED TO COMPLETE AT LEAST ONE QUARTER OF FURTHER SCHOOLING BEFORE RECEIVING THE SCHOLARSHIP AWARDED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew L Breck Executive Dir. | Officer | 0 | $14,723 |
Jessica M B Stuckmayer Executive Dir. | Officer | 0 | $9,443 |
Mark Christiansen Treasurer | OfficerTrustee | 2 | $0 |
Dr Carrol Galvin President | OfficerTrustee | 2 | $0 |
Molly Erdman Secretary | OfficerTrustee | 2 | $0 |
Ivan Denouden Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $13,724 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $18,618 |
| All other contributions, gifts, grants, and similar amounts not included above | $37,493 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $69,835 |
| Total Program Service Revenue | $1,122 |
| Investment income | $79 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $7,620 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $586 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $79,242 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $19,390 |
| Compensation of current officers, directors, key employees. | $3,878 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,080 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,212 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,330 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $25 |
| Advertising and promotion | $82 |
| Office expenses | $1,015 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,032 |
| Travel | $0 |
| 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 | $13,495 |
| Insurance | $1,450 |
| All other expenses | $2,303 |
| Total functional expenses | $65,016 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $105,384 |
| Savings and temporary cash investments | $4,925 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,067 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $350,938 |
| Investments—publicly traded securities | $224,926 |
| Investments—other securities | $31,695 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $719,935 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $138,861 |
| Total liabilities | $138,861 |
| Net assets without donor restrictions | $0 |
| 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 | $581,074 |
| Total liabilities and net assets/fund balances | $719,935 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Waseca Arts Council Inc has recieved totaling $13,005.
| Awarding Organization | Amount |
|---|---|
Prairie Lakes Regional Arts Council Inc Waseca, MN PURPOSE: ACH-A | $13,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Minnesota Humanities Center St Paul, MN | $15,490,899 | $2,258,980 |
Metropolitan Regional Arts Council St Paul, MN | $2,676,962 | $5,717,209 |
Performing Arts Foundation Inc Wausau, WI | $2,793,768 | $2,598,770 |
Pottawattamie Arts Culture & Entertainment Council Bluffs, IA | $21,175,917 | $2,201,183 |
Reif Arts Council Grand Rapids, MN | $641,981 | $1,377,956 |
Central Minnesota Arts Board Foley, MN | $714,262 | $1,088,614 |
North Dakota Humanities Council Bismarck, ND | $606,082 | $1,234,062 |
Southwest Minnesota Arts Council Marshall, MN | $626,781 | $1,000,524 |
Milwaukee Artist Resource Network Milwaukee, WI | $3,119,888 | $110,621 |
Lake Region Arts Council Inc Fergus Falls, MN | $216,379 | $880,468 |
The Arrowhead Regional Arts Council Duluth, MN | $446,160 | $773,386 |
Five Wings Arts Council Staples, MN | $220,066 | $685,150 |