Friends Of The Lakeville Area Arts Center
- Assets
- $89.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lakeville, MN
- Founding
- 01/2002
- Data as of
- 12/2022
- EIN
- 41-2000667
Organization Overview
Friends Of The Lakeville Area Arts Center is located in Lakeville, MN. The organization was established in 2002. According to its NTEE Classification (A26) the organization is classified as: Arts & Humanities Councils & Agencies, 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. Friends Of The Lakeville Area 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 12/2022, Friends Of The Lakeville Area Arts Center generated $42.1k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.3% each year . All expenses for the organization totaled $49.2k during the year ending 12/2022. While expenses have increased by 6.4% 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
RAISE MONEY FOR GENERAL PUBLIC ARTS EDUCATION AND PROGRAMMING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anna Zappetillo Director | 0 | $0 | |
Julie Amacher Director | 0 | $0 | |
Jeff Larson Vice Preside | 0 | $0 | |
Paul Haglund Treasurer | 0 | $0 | |
Robert Erickson President | 0 | $0 | |
Michelle Gensinger Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,330 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $26,747 |
| Other Revenue | $0 |
| Total Revenue | $42,077 |
| 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 | $4,500 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $3,033 |
| Other expenses | $41,691 |
| Total expenses | $49,224 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $89,737 |
| Other assets | $0 |
| Total assets | $89,737 |
| Total liabilities | $6,965 |
| Net assets or fund balances | $82,772 |