Grand Marais Arts Inc
- Assets
- $1.2m
- Revenue
- $457.6k
- Investments
- $0.0
- Employees
- 7
- Location
- Grand Marais, MN
- Founding
- 04/1988
- Data as of
- 12/2023
- EIN
- 41-1518414
Organization Overview
Grand Marais Arts Inc is located in Grand Marais, MN. The organization was established in 1988. According to its NTEE Classification (A90) the organization is classified as: Arts Services, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Grand Marais Arts Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grand Marais Arts 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 12/2023, Grand Marais Arts Inc generated $457.6k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $536.7k during the year ending 12/2023. While expenses have increased by 5.5% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORTS LOCAL ART ACTIVITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION SUPPORTS LOCAL ART ACTIVITIES THROUGH THE PRESENTATION OF VARIOUS WORKSHOPS AND THE SUPPORT OF VARIOUS SPECIAL ACTIVITIES SUCH AS THE LOCAL ARTS FESTIVAL. IT ALSO RENTS STUDIO SPACE FOR ARTISTS.
THE ORGANIZATION SUPPORTS LOCAL ART ACTIVITIES THROUGH THE PRESENTATION OF VARIOUS WORKSHOPS AND THE SUPPORT OF VARIOUS SPECIAL ACTIVITIES SUCH AS THE LOCAL ARTS FESTIVAL. IT ALSO RENTS STUDIO SPACE FOR ARTISTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristofer Bowman Board Member | Trustee | 1 | $0 |
Karen Brown Chair | OfficerTrustee | 1 | $0 |
Shelia Brown Treasurer | OfficerTrustee | 1 | $0 |
Rachel Fulkerson Board Member | Trustee | 1 | $0 |
Katherine Goertz Board Member | Trustee | 1 | $0 |
Tom Irvine Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $30,861 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $102,102 |
| All other contributions, gifts, grants, and similar amounts not included above | $145,119 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $278,082 |
| Total Program Service Revenue | $164,644 |
| Investment income | $4,181 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $201 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $10,464 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $457,572 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $178,064 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,331 |
| Payroll taxes | $14,033 |
| 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 | $9,280 |
| Office expenses | $3,504 |
| Information technology | $9,473 |
| Royalties | $0 |
| Occupancy | $18,651 |
| Travel | $2,301 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $26,852 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $70,949 |
| Insurance | $9,813 |
| All other expenses | $3,653 |
| Total functional expenses | $536,707 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $115,299 |
| Savings and temporary cash investments | $10 |
| 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 | $6,433 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,032,567 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $28,723 |
| Total assets | $1,183,032 |
| Accounts payable and accrued expenses | $22,156 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $511,450 |
| Other liabilities | $0 |
| Total liabilities | $533,606 |
| Net assets without donor restrictions | $649,426 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,183,032 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Artspace Projects Inc Minneapolis, MN | $90,966,612 | $34,500,813 |
Eau Claire Confluence Arts Inc Eau Claire, WI | $52,676,010 | $2,622,755 |
Grand Marais Arts Inc Grand Marais, MN | $1,183,032 | $457,572 |
De Pere Cultural Foundation Inc De Pere, WI | $110,708,725 | $51,638,345 |
Express Yourself Milwaukee Inc Milwaukee, WI | $0 | $354,864 |
Chatfield Center For The Arts Inc Chatfield, MN | $259,922 | $324,682 |
North Dakota Bar Foundation Inc Bismarck, ND | $491,916 | $131,182 |
Creative Artists Studios Of Ames Inc Ames, IA | $75,040 | $0 |
Oakley Collective For Arts & Research Des Moines, IA | $605 | $0 |
Rhythmically Speaking Saint Paul, MN | $38,090 | $0 |
Open Arts Minnesota Mankato, MN | $15,472 | $0 |
Forum Of Regional Arts Councils Of Minnesota Inc Staples, MN | $74,768 | $0 |
Triple-A Booster Club Baudette, MN | $87,116 | $0 |
Vangarde Arts Sioux City, IA | $5,256 | $0 |
Artist Sanctuary Red Wing, MN | $6,085 | $0 |
Black Box Inc St Cloud, MN | $343,895 | -$125 |