Soo Visual Arts Center Inc
- Assets
- $96.6k
- Revenue
- $254.1k
- Investments
- $0.0
- Employees
- 5
- Location
- Minneapolis, MN
- Founding
- 09/1999
- Data as of
- 06/2021
- EIN
- 41-1944443
Organization Overview
Soo Visual Arts Center Inc is located in Minneapolis, MN. The organization was established in 1999. According to its NTEE Classification (A51) the organization is classified as: Art Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Soo Visual Arts Center Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Soo Visual Arts Center 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 06/2021, Soo Visual Arts Center Inc generated $254.1k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $230.3k during the year ending 06/2021. While expenses have increased by 0.3% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SOO VISUAL ARTS CENTER IS A NONPROFIT ART SPACE THAT CONNECTS OUR COMMUNITY WITH FRESH, UNDER-REPRESENTED AND PROVOCATIVE ART.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GALLERY EXHIBITIONS: SOO VISUAL ARTS CENTER SCHEDULES A YEAR-ROUND CALENDAR OF EXHIBITS IN OUR GALLERY. ALL EXHIBITS ARE AUGMENTED WITH FREE OPENING EVENTS AND FREE ADMISSION TO THE GALLERY. OUR CURATORIAL FOCUS PROMOTES CONTEMPORARY ARTISTS WHOSE WORK CHALLENGES AND EXPANDS CONVENTIONAL NOTIONS OF AESTHETICS AND IDEOLOGY.
SOOVAC CONTINUED SERVING OUR MISSION DURING PHYSICAL CLOSURES BY LAUNCHING VIRTUAL CONNECTIONS, ROBUST ARTIST LED PROGRAMMING INCLUDING ONLINE TALKS, STUDIO VISITS, WORKSHOPS, AND COMMISSIONED ACTIVITES. THROUGH THIS WORK, WE HAVE PROVIDED ACCESS FOR AUDIENCES AND ARTISTS THAT ARE UNABLE TO PHYSICALLY BE IN OUR SPACE.
SOO VISUAL ARTS CENTER/ WALKER METHODIST HEALTH CENTER PROGRAMMING. SOOVISUAL ARTS CENTER BEGAN A PARTNERSHIP IN NOVEMBER 2015 WITH SENIORS IN LONG TERM CARE AT WALKER METHODIST HEALTH CENTER. EACH YEAR, WE BRING A GROUP OF ELDERS TO SOOVAC EACH MONTH FOR A TOUR OF OUR EXHIBITIONS AND A TALK. WE THEN GO TO WALKER METHODIST LATER IN THE MONTH FOR AN ARTIST LED ART-MAKING PROJECT RELATED TO OUR EXHIBITIONS WITH THE SENIORS THERE. THERE IS AN ONGOING EXHIBITION OF THE WORK AT THE HOME AND OUT IN THE COMMUNITY WHEN POSSIBLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carolyn Payne Executive Director | Officer | 40 | $59,999 |
Tom Debiaso Board Member | Trustee | 2 | $0 |
Robyne Robinson Board Member | Trustee | 2 | $0 |
Mark Spencer Board Member | Trustee | 2 | $0 |
Liza Ferrari Treasurer | Trustee | 2 | $0 |
Gretchen Gasterland-Gustafsson Secretary | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $35,528 |
| Fundraising events | $33,510 |
| Related organizations | $0 |
| Government grants | $82,395 |
| All other contributions, gifts, grants, and similar amounts not included above | $102,072 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $253,505 |
| Total Program Service Revenue | $0 |
| Investment income | $2 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$8,130 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $8,770 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $254,147 |
| 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. | $60,000 |
| Compensation of current officers, directors, key employees. | $20,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $52,458 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,438 |
| Payroll taxes | $9,290 |
| 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 | $1,276 |
| Advertising and promotion | $25 |
| Office expenses | $2,988 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $46,739 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $225 |
| Interest | $1,877 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,506 |
| Insurance | $2,160 |
| All other expenses | $17,962 |
| Total functional expenses | $230,294 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,716 |
| Savings and temporary cash investments | $0 |
| 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 | $20 |
| Net Land, buildings, and equipment | $73,394 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,500 |
| Total assets | $96,630 |
| Accounts payable and accrued expenses | $165 |
| 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 | $56,094 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $56,259 |
| Net assets without donor restrictions | $40,371 |
| 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 | $96,630 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Soo Visual Arts Center Inc has recieved totaling $85,189.
| Awarding Organization | Amount |
|---|---|
Mcknight Foundation Minneapolis, MN PURPOSE: FOR GENERAL OPERATING SUPPORT | $20,000 |
Mcknight Foundation Minneapolis, MN PURPOSE: FOR GENERAL OPERATING SUPPORT | $20,000 |
Mcknight Foundation Minneapolis, MN PURPOSE: FOR GENERAL OPERATING SUPPORT | $20,000 |
Mcknight Foundation Minneapolis, MN PURPOSE: FOR GENERAL OPERATING SUPPORT | $20,000 |
Target Foundation Minneapolis, MN PURPOSE: TRANSITION FUNDING | $2,400 |
Greystone Foundation Minneapolis, MN PURPOSE: GENERAL OPERATIONS OF THE ORGANIZATION | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Minneapolis Society Of Fine Arts Minneapolis, MN | $389,108,974 | $52,759,804 |
Milwaukee Art Museum Inc Milwaukee, WI | $162,007,595 | $17,721,477 |
Edmundson Art Foundation Inc Des Moines, IA | $123,873,821 | $5,221,950 |
Madison Museum Of Contemporary Art Inc Madison, WI | $15,382,994 | $2,302,239 |
Minnesota Museum Of American Art Saint Paul, MN | $9,032,036 | $1,499,963 |
Plains Art Museum Fargo, ND | $10,649,612 | $3,114,280 |
Paine Art Center & Gardens Inc Oshkosh, WI | $23,894,891 | $2,871,435 |
Racine Art Museum Association Inc Racine, WI | $13,099,169 | $1,971,714 |
Cedar Rapids Museum Of Art Cedar Rapids, IA | $10,975,724 | $1,897,118 |
River Music Experience Davenport, IA | $3,858,577 | $1,649,242 |
Museum Of Russian Art Minneapolis, MN | $5,847,264 | $2,095,024 |
Bergstrom-Mahler Museum Inc Neenah, WI | $17,360,409 | $1,558,977 |