Lanesboro Arts Center
- Assets
- $970.0k
- Revenue
- $481.9k
- Investments
- $0.0
- Employees
- 9
- Location
- Lanesboro, MN
- Founding
- 05/1993
- Data as of
- 12/2021
- EIN
- 41-1731338
Organization Overview
Lanesboro Arts Center is located in Lanesboro, MN. The organization was established in 1993. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Lanesboro Arts Center employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lanesboro Arts Center 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 12/2021, Lanesboro Arts Center generated $481.9k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $380.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.0%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
LANESBORO ARTS CENTER SERVES AS A REGIONAL CATALYST FOR ARTISTIC EXCELLENCE AND EDUCATIONAL DEVELOPMENT IN PROVIDING DIVERSE ART EXPERIENCES FOR PEOPLE OF ALL AGES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LANESBORO ARTS CONTINUED TO ACTIVATE THE PEOPLE AND PLACES OF LANESBORO IN 2021 THROUGH ITS OUTREACH AND ENGAGEMENT INITIATIVES, INCLUDING: ART IN THE PARK ANNUAL FINE ART FESTIVAL IN SYLVAN PARK, ARTIST RESIDENCIES THAT FOCUSED ON PLACE-BASED COMMUNITY ENGAGEMENT, MAINTAINING A CONSIGNMENT SALES GALLERY IN PERSON AND ONLINE SUPPORTING OVER 100 ARTISTS, OFFERING YOUTH ART EDUCATION PROGRAMS, AND PRESENTING PERFORMING ARTS EVENTS AT THE ST. MANE THEATRE AND IN GATEWAY PARK, INCLUDING A DIVERSE RANGE OF CONCERTS, COMMUNITY SING-ALONGS, AND DRAMATIC THEATER PERFORMANCES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kara Maloney Executive Di | Officer | 40 | $46,562 |
Michael Augustin Chair | OfficerTrustee | 1 | $0 |
Nick Gudmundson Secretary | OfficerTrustee | 1 | $0 |
Alan Nettles Vice Chair | OfficerTrustee | 1 | $0 |
Eric Miehlisch Treasurer | OfficerTrustee | 1 | $0 |
Renee Bergstrom Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $13,870 |
| Fundraising events | $7,035 |
| Related organizations | $0 |
| Government grants | $172,396 |
| All other contributions, gifts, grants, and similar amounts not included above | $127,427 |
| Noncash contributions included in lines 1a–1f | $5,790 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $320,728 |
| Total Program Service Revenue | $145,499 |
| Investment income | $1,480 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $11,718 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $761 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $481,893 |
| 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. | $46,562 |
| Compensation of current officers, directors, key employees. | $9,312 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $95,656 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $18,870 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,468 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $35,984 |
| Advertising and promotion | $3,725 |
| Office expenses | $6,569 |
| Information technology | $7,537 |
| Royalties | $0 |
| Occupancy | $9,968 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $149 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $40,744 |
| Insurance | $8,673 |
| All other expenses | $4,348 |
| Total functional expenses | $380,449 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $154,346 |
| Savings and temporary cash investments | $262,808 |
| Pledges and grants receivable | $59,613 |
| 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 | $2,643 |
| Net Land, buildings, and equipment | $490,573 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $969,983 |
| Accounts payable and accrued expenses | $11,652 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $11,652 |
| Net assets without donor restrictions | $958,331 |
| 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 | $969,983 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Lanesboro Arts Center has recieved totaling $180,005.
| Awarding Organization | Amount |
|---|---|
Mcknight Foundation Minneapolis, MN PURPOSE: FOR GENERAL OPERATING SUPPORT | $45,000 |
Mcknight Foundation Minneapolis, MN PURPOSE: FOR GENERAL OPERATING SUPPORT | $45,000 |
Mcknight Foundation Minneapolis, MN PURPOSE: FOR GENERAL OPERATING SUPPORT | $45,000 |
Mcknight Foundation Minneapolis, MN PURPOSE: FOR GENERAL OPERATING SUPPORT | $45,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Craft Council Minneapolis, MN | $6,869,826 | $3,121,094 |
Midwest Old Settlers And Threshers Assn Inc Mt Pleasant, IA | $5,724,252 | $3,761,020 |
Union Construction Crafts Workers Compensation Fund Bloomington, MN | $541,374 | $1,672,771 |
American Association Of Woodturners St Paul, MN | $2,442,172 | $1,435,170 |
Urban Roots Mn St Paul, MN | $649,457 | $875,121 |
Forecast Public Artworks St Paul, MN | $1,063,412 | $1,010,564 |
Franconia Sculpture Park Shafer, MN | $3,377,116 | $636,537 |
Southeastern Minnesota Arts Council Inc Rochester, MN | $706,176 | $777,550 |
Public Art Saint Paul St Paul, MN | $739,376 | $339,805 |
Iowa Arts In Education Des Moines, IA | $212,952 | $511,979 |
Elys Historic State Theater Ely, MN | $396,462 | $439,135 |
Civa Christians In Visual Arts Monona, WI | $175,361 | $429,048 |