Austin Area Commission For The Arts Inc
- Assets
- $2.7m
- Revenue
- $450.0k
- Investments
- $0.0
- Employees
- 13
- Location
- Austin, MN
- Founding
- 09/1995
- Data as of
- 12/2022
- EIN
- 41-1650727
Organization Overview
Austin Area Commission For The Arts Inc, operating under the name Austin Area Arts, is located in Austin, MN. The organization was established in 1995. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Austin Area Arts employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Austin Area Arts 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 12/2022, Austin Area Arts generated $450.0k 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 (10.1%) each year. All expenses for the organization totaled $787.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
APPLAUD AND ADVANCE ALL ARTS BY WELCOMING DIVERSE, CREATIVE INDIVIDUALS TO INSPIRE OUR COMMUNITY.
Describe the Organization's Program Activity:
ARTWORKS CENTER - PROVIDE A VENUE FOR ARTISTS TO CREATE, DISPLAY AND SELL THEIR ART. PROVIDE ART EDUCATION FOR ALL AGES. PROVIDE AN INTIMATE LIVE MUSIC VENUE. 102 RETAIL ARTISTS GENERATED $50,000+ GROSS RETAIL SALES. HOSTED 2 LIVE MUSIC, 5 GALLERY EXHIBITS, 8 OPEN MUSIC JAMS, 24 ADULT ART CLASSES, 50 KIDS ART CLASSES = 89 TOTAL EVENTS. SERVED 668 CHILDREN AND 630 ADULTS = 1,298 TOTAL PLUS 192 ARTISTS.
PARAMOUNT THEATRE - MAINTAIN THE HISTORIC 1929 PARAMOUNT THEATRE. PRESENT HIGH QUALITY LIVE MUSIC AND OTHER PERFORMING ARTS TO THE PUBLIC AT REASONABLE PRICES. OFFER LOW COST RENTAL VENUE TO THE AREA'S ARTS COMMUNITY. 2022 EVENTS: 1 COMEDY SHOW, 1 AUTHOR TALK, 2 DANCE PERFORMANCES, 2 TOURS, 11 PRIVATE MOVIES, 12 LIVE MUSIC SHOWS, 21 PUBLIC MOVIES=50 TOTAL. SERVED 520 CHILDREN / 2,347 ADULTS = 2,867 TOTAL PLUS 198 ARTISTS.
ARTWORKS FESTIVAL - CELEBRATE VISUAL, PERFORMING AND LITERARY ARTISTS WITH A FREE TWO-DAY EVENT IN THE HEART OF DOWNTOWN AUSTIN. EVENT CONTRIBUTES TO COMMUNITY QUALITY OF LIFE AND GENERATES ECONOMIC IMPACT FOR LOCAL LODGING, RESTAURANTS AND RETAIL. 10,000 VISITORS ENJOYED 48 JURIED FINE ART EXHIBITORS, 9 HANDS-ON ART EXPERIENCES, 14 MUSIC ACTS, 16 AUTHORS, 8 PERFORMING ARTS OFFERINGS. THE EVENT WAS SUPPORTED BY 93 INDIVIDUAL DONORS, 32 BUSINESS DONORS AND 200+ VOLUNTEER SHIFTS FILLED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Penny Kinney President | OfficerTrustee | 5 | $0 |
Rae Dawn Rao Vice President | OfficerTrustee | 5 | $0 |
Michelle Lilly Treasurer | OfficerTrustee | 5 | $0 |
Rick Young Secretary | OfficerTrustee | 5 | $0 |
Domonique Venzant Director | Trustee | 1 | $0 |
Isaac Leyk Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Joseph Company Installation Of Sprinkler System | 12/30/20 | $236,284 |
All Weather Roof Construction - Replaced Roof | 12/30/20 | $174,640 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $8,339 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $184,110 |
| All other contributions, gifts, grants, and similar amounts not included above | $106,866 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $299,315 |
| Total Program Service Revenue | $115,564 |
| Investment income | $1,432 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,797 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$1,842 |
| Net Income from Gaming Activities | $20,737 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $449,988 |
| 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. | $76,716 |
| Compensation of current officers, directors, key employees. | $19,179 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $129,972 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,516 |
| Payroll taxes | $16,230 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,558 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,138 |
| Advertising and promotion | $19,971 |
| Office expenses | $38,261 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $139,790 |
| Travel | $4,651 |
| 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 | $106,185 |
| Insurance | $19,746 |
| All other expenses | -$53,710 |
| Total functional expenses | $787,223 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $212,046 |
| Savings and temporary cash investments | $538,295 |
| Pledges and grants receivable | $6,550 |
| Accounts receivable, net | $34,004 |
| 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 | $1,103 |
| Net Land, buildings, and equipment | $1,686,346 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $234,981 |
| Total assets | $2,713,325 |
| Accounts payable and accrued expenses | $79,460 |
| Grants payable | $0 |
| Deferred revenue | $3,079 |
| 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 | $246,867 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $65,801 |
| Total liabilities | $395,207 |
| Net assets without donor restrictions | $1,752,566 |
| Net assets with donor restrictions | $565,552 |
| 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 | $2,713,325 |