Friends Of The Lakeville Area Arts Center
- Assets
- $96.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lakeville, MN
- Founding
- 01/2002
- Data as of
- 12/2021
- 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 12/2021, Friends Of The Lakeville Area Arts Center generated $49.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.4% each year . All expenses for the organization totaled $17.9k during the year ending 12/2021. 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
2021
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 |
|---|---|---|---|
Julie Amacher Director | 0 | $0 | |
Anna Zappetillo Director | 0 | $0 | |
Jeff Larson Vice Preside | 0 | $0 | |
Paul Haglund Treasurer | 0 | $0 | |
Gloria Belzer Director | 0 | $0 | |
Robert Erickson President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,414 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $45 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $24,469 |
| Other Revenue | $0 |
| Total Revenue | $49,928 |
| 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 | $4,000 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $3,193 |
| Other expenses | $10,743 |
| Total expenses | $17,936 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $96,299 |
| Other assets | $0 |
| Total assets | $96,299 |
| Total liabilities | $6,380 |
| Net assets or fund balances | $89,919 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Friends Of The Lakeville Area Arts Center has recieved totaling $7,681.
| Awarding Organization | Amount |
|---|---|
Vsa Minnesota Minnepolis, MN PURPOSE: ADA IMPROVEMENT GRAN | $7,681 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Minnesota Humanities Center St Paul, MN | $15,490,899 | $2,258,980 |
Metropolitan Regional Arts Council St Paul, MN | $2,676,962 | $5,717,209 |
Performing Arts Foundation Inc Wausau, WI | $2,793,768 | $2,598,770 |
Pottawattamie Arts Culture & Entertainment Council Bluffs, IA | $21,175,917 | $2,201,183 |
Reif Arts Council Grand Rapids, MN | $641,981 | $1,377,956 |
Central Minnesota Arts Board Foley, MN | $714,262 | $1,088,614 |
North Dakota Humanities Council Bismarck, ND | $606,082 | $1,234,062 |
Southwest Minnesota Arts Council Marshall, MN | $626,781 | $1,000,524 |
Milwaukee Artist Resource Network Milwaukee, WI | $3,119,888 | $110,621 |
Lake Region Arts Council Inc Fergus Falls, MN | $216,379 | $880,468 |
The Arrowhead Regional Arts Council Duluth, MN | $446,160 | $773,386 |
Five Wings Arts Council Staples, MN | $220,066 | $685,150 |