Reif Arts Council
- Assets
- $642.0k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 22
- Location
- Grand Rapids, MN
- Founding
- 06/1983
- Data as of
- 06/2020
- EIN
- 41-1447509
Organization Overview
Reif Arts Council is located in Grand Rapids, MN. The organization was established in 1983. 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 06/2021, Reif Arts Council employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reif 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 06/2020, Reif Arts Council generated $1.4m 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 (11.2%) each year. All expenses for the organization totaled $1.3m during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (18.2%) 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
THE ORGANIZATION'S MISSION IS TO STIMULATE ARTS IN NORTHERN MINNESOTA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE REIF ARTS COUNCIL PROVIDES ARTISTIC, EDUCATIONAL AND CULTURAL ACTIVITIES AND EVENTS FOR THE SURROUNDING COMMUNITIES. THIS IS ACCOMPLISHED BY PROVIDING LIVE PERFORMANCES, OFFERING AN ACCLAIMED STUDENT DANCE PROGRAM AND SUPPORTING VARIOUS OTHER LOCAL ORGANIZATIONS BY OFFERING ITS FACILITIES FOR PARTNERSHIP WITH THE ITASCA ORCHESTRA AND STRINGS PROGRAM AND THE GRAND RAPIDS PLAYERS WHO ARE IN-HOUSE TENANTS AND WHO OFFER PERFORMANCES AND CLASSES IN THE REIF VENUE. THE ORGANIZATION HAS ALSO JOINED WITH THE GRAND RAPIDS PLAYERS TO LAUNCH A YOUTH THEATER PROGRAM WITH CLASSES AND PERFORMANCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rhonda Peters Vice Chair | OfficerTrustee | 2 | $0 |
Bud Schneider Board Chair | OfficerTrustee | 4 | $0 |
Glenna Olson Secretary | OfficerTrustee | 2 | $0 |
Tom Karges Treasurer | OfficerTrustee | 2 | $0 |
Jon Arntson Director | Trustee | 1 | $0 |
Kris Ferraro Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $774,004 |
| Investment income | $94 |
| 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 | $6,643 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,377,956 |
| Statement of Expenses | |
|---|---|
| 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. | $93,336 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $365,890 |
| Pension plan accruals and contributions | $77,417 |
| Other employee benefits | $0 |
| Payroll taxes | $34,779 |
| 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 | $125,718 |
| Office expenses | $6,343 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,518 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,325 |
| Insurance | $6,016 |
| All other expenses | $0 |
| Total functional expenses | $1,297,312 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $236,701 |
| Savings and temporary cash investments | $50,923 |
| Pledges and grants receivable | $182,265 |
| Accounts receivable, net | $6,312 |
| 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 | $57,280 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $641,981 |
| Accounts payable and accrued expenses | $56,624 |
| Grants payable | $0 |
| Deferred revenue | $107,443 |
| 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 | $408,244 |
| Total liabilities | $572,311 |
| 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 |
| Total liabilities and net assets/fund balances | $69,670 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Reif Arts Council has recieved totaling $398,865.
| Awarding Organization | Amount |
|---|---|
Charles K Blandin Foundation Grand Rapids, MN PURPOSE: PROJECT SUPPORT FOR CONTINUED SUPPORT IN 2022 AND 2023 IN ITASCA COUNTY | $180,000 |
Charles K Blandin Foundation Grand Rapids, MN PURPOSE: PROJECT SUPPORT FOR CONTINUED SUPPORT IN 2022 AND 2023 IN ITASCA COUNTY | $180,000 |
Grand Rapids Area Community Fndtn Grand Rapids, MN PURPOSE: Arts and Culture | $30,062 |
Charles K Blandin Foundation Grand Rapids, MN PURPOSE: MATCHING GIFT CONTRIBUTION IN ITASCA COUNTY | $2,700 |
Charles K Blandin Foundation Grand Rapids, MN PURPOSE: MATCHING GIFT CONTRIBUTION IN ITASCA COUNTY | $2,000 |
Charles K Blandin Foundation Grand Rapids, MN PURPOSE: MATCHING GIFT CONTRIBUTION IN ITASCA COUNTY | $1,500 |
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 |