Art Of The Lakes Association Inc
- Assets
- $152.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Battle Lake, MN
- Founding
- 08/1988
- Data as of
- 12/2020
- EIN
- 41-1479073
Organization Overview
Art Of The Lakes Association Inc is located in Battle Lake, MN. The organization was established in 1988. According to its NTEE Classification (A25) the organization is classified as: Arts Education, 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. Art Of The Lakes Association 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, Art Of The Lakes Association Inc generated $42.5k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $32.4k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (7.4%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Oleson Chairman | 1 | $0 | |
Thomas Kuder Treasurer | 1 | $0 | |
Kristi Swee Kuder Director | 0.5 | $0 | |
Annette Hochstein Director | 0.5 | $0 | |
John F Shaw Director | 0.5 | $0 | |
Mary Ann Loecken Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,648 |
| Total Program Service Revenue | $1,353 |
| Membership dues | $0 |
| Investment income | $421 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $883 |
| Other Revenue | $0 |
| Total Revenue | $42,454 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $11,202 |
| Professional fees and other payments to independent contractors | $1,978 |
| Occupancy, rent, utilities, and maintenance | $6,103 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $13,120 |
| Total expenses | $32,403 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $64,268 |
| Other assets | $0 |
| Total assets | $151,951 |
| Total liabilities | $4,188 |
| Net assets or fund balances | $147,763 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Art Of The Lakes Association Inc has recieved totaling $17,719.
| Awarding Organization | Amount |
|---|---|
Lake Region Arts Council Inc Fergus Falls, MN PURPOSE: Provide a series of art workshops to the public focusing on new art forms, instructors and techniques | $9,690 |
Lake Region Arts Council Inc Fergus Falls, MN PURPOSE: Help pay part of our part time employees salary to free up time for artists and board | $8,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $29 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northern Clay Center Minneapolis, MN | $4,214,446 | $1,584,059 |
Wisconsin Foundaton For Educational Administration Inc Madison, WI | $1,928,269 | $1,830,497 |
Compas Inc Saint Paul, MN | $901,341 | $1,622,241 |
Lundstrum Center For The Performing Arts Minneapolis, MN | $4,589,030 | $3,242,300 |
Minnetonka Center For The Arts Wayzata, MN | $4,918,797 | $1,090,621 |
Highpoint Center For Printmaking Minneapolis, MN | $3,433,299 | $1,165,145 |
Upstream Arts Minneapolis, MN | $767,921 | $982,473 |
International Music Camp Inc Minot, ND | $1,150,224 | $1,047,547 |
Foci Minnesota Center For Glass Arts Minneapolis, MN | $1,347,275 | $707,574 |
Lynden Inc River Hills, WI | $1,031,595 | $1,460,149 |
Creative Adventure Lab Inc Dubuque, IA | $790,548 | $976,399 |
Black Box Fund Inc Milwaukee, WI | $171,697 | $660,563 |