Prairie Lakes Regional Arts Council Inc
- Assets
- $117.4k
- Revenue
- $791.0k
- Investments
- $0.0
- Employees
- 3
- Location
- Waseca, MN
- Founding
- 01/1994
- Data as of
- 06/2022
- EIN
- 41-1761756
Organization Overview
Prairie Lakes Regional Arts Council Inc is located in Waseca, MN. The organization was established in 1994. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Prairie Lakes Regional Arts Council Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prairie Lakes Regional Arts Council 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 06/2022, Prairie Lakes Regional Arts Council Inc generated $791.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $911.1k during the year ending 06/2022. While expenses have increased by 4.5% per year over the past 8 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.
Since 2016, Prairie Lakes Regional Arts Council Inc has awarded 228 individual grants totaling $1,850,086. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE PROMOTION, TECHNICAL AND DEVELOPMENTAL ASSISTANCE AND GRANTS TO NON-PROFIT ARTS ORGANIZATIONS, COMMUNITY GROUPS, SCHOOLS AND INDIVIDUAL ARTISTS. THE NINE COUNTIES IN MINNESOTA SERVED ARE BLUE EARTH, BROWN, FARIBAULT, LESUEUR, MARTIN, NICOLLET, SIBLEY, WASECA AND WATONWAN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION DISTRIBUTES GRANTS TO AREA ORGANIZATIONS, INDIVIDUALS AND COMMUNITY GROUPS FOR THE SOLE PURPOSE OF SERVING THE ARTS THROUGH DEVELOPMENT, PROMOTION AND TECHNICAL ASSISTANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom David Barna Director | Trustee | 1 | $0 |
Carolyn Borgen Director | Trustee | 1 | $0 |
Steve Davis President | OfficerTrustee | 1 | $0 |
Julie Forderer Director | Trustee | 1 | $0 |
Kristie Gaalswyk-Pomerenke Director | Trustee | 1 | $0 |
Diana Joseph Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $785,801 |
| Investment income | $222 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $791,048 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $73,800 |
| 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 to disqualified persons | $0 |
| Other salaries and wages | $203,548 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $38,178 |
| Payroll taxes | $14,862 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,315 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $7,483 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,028 |
| Travel | $2,409 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $333 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,177 |
| All other expenses | $0 |
| Total functional expenses | $911,085 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $793 |
| Savings and temporary cash investments | $116,615 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $117,408 |
| Accounts payable and accrued expenses | $28,437 |
| 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 | $28,437 |
| Net assets without donor restrictions | $69,266 |
| Net assets with donor restrictions | $19,705 |
| 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 | $88,971 |
Grants Awarded
Over the last fiscal year, Prairie Lakes Regional Arts Council Inc has awarded $430,930 in support to 48 organizations.
| Grant Recipient | Amount |
|---|---|
ARLINGTON CHAMBER OF COMMERCE PURPOSE: ACH-A | $6,000 |
ARTS CENTER OF ST PETER PURPOSE: ACH-A | $13,000 |
BLUE EARTH VALLEY CONCERT ASSOC PURPOSE: ACH-A | $8,000 |
CITY CENTER PARTNERSHIP PURPOSE: ACH-A | $8,000 |
DALEKOARTS NEW PRAGUE PURPOSE: ACH-A | $13,000 |
DANCE CONSERVATORY OF SO MN PURPOSE: ACH-A | $13,000 |