Bloomington Fine Arts Council
- Assets
- $63.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 06/1982
- Data as of
- 12/2021
- EIN
- 41-1419532
Organization Overview
Bloomington Fine Arts Council is located in Minneapolis, MN. The organization was established in 1982. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bloomington Fine Arts Council 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 12/2021, Bloomington Fine Arts Council generated $888.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (13.8%) each year. All expenses for the organization totaled $1.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (30.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
MEMBER ORGANIZATION WERE PROMOTED AND SUPPORTED IN THEIR EFFORS TO PROVIDE FINE ARTS IN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Genevieve Spooner Vice President | 2 | $0 | |
Audrey Riddle Member At Large | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $887 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1 |
| Total Revenue | $888 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $1,072 |
| Total expenses | $1,072 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $16,403 |
| Other assets | $0 |
| Total assets | $63,215 |
| Total liabilities | $0 |
| Net assets or fund balances | $63,215 |
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 |