Albert Lea Art Center
- Assets
- $365.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Albert Lea, MN
- Founding
- 01/1961
- Data as of
- 12/2023
- EIN
- 41-6038618
Organization Overview
Albert Lea Art Center is located in Albert Lea, MN. The organization was established in 1961. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, 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. Albert Lea Art 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 12/2023, Albert Lea Art Center generated $39.7k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $52.6k during the year ending 12/2023. 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
2023
Describe the Organization's Program Activity:
Part 3
BUILDING USED FOR EDUCATIONAL CLASSES AS WELL AS TO SHOW PROJECTS AND ART FOR THE BENEFIT OF THE AREA RESIDENTS IN THE FIELD OF THE ARTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bonnie Broitzman Board Member | 2 | $0 | |
Beth Tostenson Board Member | 2 | $0 | |
Terrance Fox Vice President | 2 | $0 | |
Carolyn Smith Secretary | 2 | $0 | |
Nicole Morrison Board Member | 2 | $0 | |
Kari Brick Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,620 |
| Total Program Service Revenue | $8,542 |
| Membership dues | $12,075 |
| Investment income | $50 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $350 |
| Other Revenue | $97 |
| Total Revenue | $39,734 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $24,136 |
| Professional fees and other payments to independent contractors | $665 |
| Occupancy, rent, utilities, and maintenance | $19,716 |
| Printing, publications, postage, and shipping | $3,011 |
| Other expenses | $5,048 |
| Total expenses | $52,576 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $28,973 |
| Other assets | $0 |
| Total assets | $365,497 |
| Total liabilities | $1,148 |
| Net assets or fund balances | $364,349 |