Faribault Art Center Inc
- Assets
- $1.3m
- Revenue
- $549.8k
- Investments
- $0.0
- Employees
- 12
- Location
- Faribault, MN
- Founding
- 01/1964
- Data as of
- 12/2022
- EIN
- 41-1381314
Organization Overview
Faribault Art Center Inc, operating under the name Paradise Center For The Arts, is located in Faribault, MN. The organization was established in 1964. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Paradise Center For The Arts employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Paradise 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, Paradise Center For The Arts generated $549.8k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $576.9k during the year ending 12/2022. While expenses have increased by 3.2% per year over the past 6 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ART FACILITY AVAILABLE TO PUBLIC PROVIDING CLASSES AND PROMOTING ARTS THROUGH EXHIBITS, FESTIVALS, PLAY PRODUCTIONS, AND OTHER PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THEATRICAL PRODUCTIONS AND EVENTS. PROVIDE COMMUNITY THEATER TO ALLOW MEMBERS OF THE COMMUNITY THE OPPORTUNITY TO PARTICIPATE IN LOCAL PRODUCTIONS. PROVIDE A VENUE FOR COMMUNITY GROUPS TO HAVE SHOWS AND EVENTS. PROVIDE A VENUE FOR THE PRODUCTIONS OF NON-PROFIT THEATER GROUPS. PROVIDE A VENUE FOR CONCERTS, COMMUNITY TALENT SHOWS, AND OTHER ART EXPERIENCES TO THE COMMUNITY.
ART CLASSES: PROVIDE ACCESS TO VISUAL AND PERFORMING ARTS CLASSES FOR COMMUNITY MEMBERS INCLUDING CLASSES FOR AT-RISK YOUTH AND THE UNDERSERVED POPULATIONS.
ART GALLERY: PROVIDE A GALLERY FOR LOCAL ARTISTS TO DISPLAY THEIR WORK AND TO ASSIST THESE ARTISTS IN THEIR DEVELOPMENT, BOTH AS ARTISTS AND IN BUILDING CAREERS IN THOSE FIELDS. THE GALLERY ALSO SERVES AS A TEACHING TOOL FOR LOCAL STUDENTS TO STUDY ART TECHNIQUES AND METHODS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cheryl Steinberg Treasurer | OfficerTrustee | 1 | $0 |
Cate Grinney President | OfficerTrustee | 1 | $0 |
Heidi Nelson Executive Director | Trustee | 40 | $76,551 |
Wanda Holmgren Secretary | OfficerTrustee | 1 | $0 |
Matt Long Vice President | OfficerTrustee | 1 | $0 |
Peter Van Sluis Board Member, City Council Rep | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $17,998 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $185,322 |
| All other contributions, gifts, grants, and similar amounts not included above | $98,207 |
| Noncash contributions included in lines 1a–1f | $3,173 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $301,527 |
| Total Program Service Revenue | $184,532 |
| Investment income | $444 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,355 |
| 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 | $4,622 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $549,752 |
| 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. | $76,551 |
| Compensation of current officers, directors, key employees. | $76,551 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $97,982 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $18,739 |
| Payroll taxes | $13,589 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,140 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,606 |
| Advertising and promotion | $30,604 |
| Office expenses | $22,562 |
| Information technology | $1,937 |
| Royalties | $0 |
| Occupancy | $62,709 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,959 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $49,482 |
| Insurance | $1,054 |
| All other expenses | $850 |
| Total functional expenses | $576,892 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $157,945 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $3,745 |
| Net Land, buildings, and equipment | $1,094,447 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,256,137 |
| Accounts payable and accrued expenses | $9,529 |
| Grants payable | $0 |
| Deferred revenue | $3,097 |
| 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 | $250,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $262,626 |
| 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 | $993,511 |
| Total liabilities and net assets/fund balances | $1,256,137 |