Lake Region Arts Council Inc
- Assets
- $167.9k
- Revenue
- $829.2k
- Investments
- $0.0
- Employees
- 3
- Location
- Fergus Falls, MN
- Founding
- 12/1982
- Data as of
- 06/2023
- EIN
- 41-1430764
Organization Overview
Lake Region Arts Council Inc is located in Fergus Falls, 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. As of 06/2023, Lake Region Arts Council Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Region 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 06/2023, Lake Region Arts Council Inc generated $829.2k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $817.3k during the year ending 06/2023. While expenses have increased by 7.4% per year over the past 3 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 2022, Lake Region Arts Council Inc has awarded 116 individual grants totaling $693,059. 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
HE MISSION OF LAKE REGION ARTS COUNCIL IS TO ENCOURAGE AND SUPPORT THE VITALITY OF THE ARTS IN WEST CENTRAL MINNESOTA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL PROGRAM-DISTRIBUTE GRANTS TO ARTS ORGANIZATIONS, INDIVIDUAL ARTISTS, SCHOOLS AND OTHERS TO PRODUCE AND SPONSOR ARTS EVENTS. PRINT NEWSLETTER FOR INDIVIDUALS AND ORGANIZATION. MAINTAIN ARTIST REGISTRY REFERRAL SERVICES. OFFER SUPPORT SERVICES. MAINTAIN WEBSITE AND PROVIDE WORKSHOPS.
MCKNIGHT FOUNDATION - OFFER CAREER DEVELOPMENT, FELLOWSHIP AND ARTIST SMALL GRANTS TO INDIVIDUAL ARTISTS. PROVIDE WORKSHOPS AND TRAIN ARTISTS TO DO SCHOOL RESIDENCIES. MAINTAIN GALLERY SPACE FOR ARTIST EXHIBITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maxine Adams Executive Director | Trustee | 40 | $88,595 |
Rebecca J Davis Executive Assistant | Officer | 40 | $51,511 |
Miranda Lape Grants Manager | Officer | 40 | $48,024 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $820,768 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $820,768 |
| Total Program Service Revenue | $0 |
| Investment income | $272 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $829,235 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $301,599 |
| Grants and other assistance to domestic individuals. | $71,889 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $188,131 |
| Compensation of current officers, directors, key employees. | $4,430 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $19,059 |
| Payroll taxes | $11,386 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,783 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $55,708 |
| Travel | $3,817 |
| 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 | $1,681 |
| Insurance | $1,908 |
| All other expenses | $8,593 |
| Total functional expenses | $817,252 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $160,005 |
| 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 | $7,597 |
| Net Land, buildings, and equipment | $311 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $167,913 |
| Accounts payable and accrued expenses | $11,860 |
| Grants payable | $69,852 |
| Deferred revenue | $14,992 |
| 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 | $0 |
| Total liabilities | $96,704 |
| 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 | $71,209 |
| Total liabilities and net assets/fund balances | $167,913 |
Grants Awarded
Over the last fiscal year, Lake Region Arts Council Inc has awarded $305,293 in support to 58 organizations.
| Grant Recipient | Amount |
|---|---|
ART OF THE LAKES PURPOSE: Develop a year-round youth-focused artr program and community engaged event | $7,890 |
KADDATZ GALLERIES LTD PURPOSE: Offer a series of printmaking workshops for youth and adults, in conjunction with a year-long celebration of the life and legacy of artist Charles Beck | $6,140 |
DLCCC INC PURPOSE: To expand and enhance the HHT Summer Musical Theatre program thru support for production staff and student particpant scholarships | $8,950 |
PERHAM CENTER FOR AARTS PURPOSE: Enhance visual arts education in community by developing a ceramics center and offering ceramics classes to both public and underserved group | $12,411 |
EVANSVILLE ARTS COALITION PURPOSE: Install Handicap Operator to the front door thus providing access to the art center for people with physical disabilities | $2,950 |
NEW YORK MILLS PUBLIC LIBRARY PURPOSE: Decorage the childrens section of the library with a mural | $8,000 |