Farmington Area Enhancement Group
- Assets
- $84.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Farmington, MN
- Founding
- 10/1994
- Data as of
- 12/2018
- EIN
- 41-1777828
Organization Overview
Farmington Area Enhancement Group is located in Farmington, MN. The organization was established in 1994. According to its NTEE Classification (A84) the organization is classified as: Commemorative Events, 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. Farmington Area Enhancement Group 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 12/2018, Farmington Area Enhancement Group generated $48.5k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $39.1k during the year ending 12/2018. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 4 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 |
|---|---|---|---|
Jeff Thelen Director | 0.5 | $0 | |
Julie Mcknight Treasurer | 1 | $0 | |
Heidi Cunningham Director | 0.5 | $0 | |
David Mcknight Director | 0.5 | $0 | |
Todd Larson President | 0.5 | $0 | |
Terry Holmes Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,250 |
| Total Program Service Revenue | $37,902 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $8,318 |
| Other Revenue | $0 |
| Total Revenue | $48,470 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $2,662 |
| Occupancy, rent, utilities, and maintenance | $615 |
| Printing, publications, postage, and shipping | $86 |
| Other expenses | $32,878 |
| Total expenses | $39,091 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $82,063 |
| Other assets | $0 |
| Total assets | $84,252 |
| Total liabilities | $7,950 |
| Net assets or fund balances | $76,302 |
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