Albert Lea Art Center
- Assets
- $334.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Albert Lea, MN
- Founding
- 01/1961
- Data as of
- 12/2021
- 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 12/2021, Albert Lea Art Center generated $171.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.9% each year . All expenses for the organization totaled $81.5k during the year ending 12/2021. While expenses have increased by 7.9% per year over the past 7 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
2021
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 |
|---|---|---|---|
Lyle Paulson Treasurer | 2 | $0 | |
Beth Tostenson Board Member | 2 | $0 | |
Tom Mullen General Manager | 2 | $0 | |
Carolyn Smith Secretary | 2 | $0 | |
Kari Brick Board Member | 2 | $0 | |
Lu Callstrom Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $44,020 |
| Total Program Service Revenue | $62,360 |
| Membership dues | $11,190 |
| Investment income | $8 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $150 |
| Other Revenue | $53,737 |
| Total Revenue | $171,465 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $13,959 |
| Professional fees and other payments to independent contractors | $663 |
| Occupancy, rent, utilities, and maintenance | $61,631 |
| Printing, publications, postage, and shipping | $1,280 |
| Other expenses | $3,999 |
| Total expenses | $81,532 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $92,472 |
| Other assets | $0 |
| Total assets | $334,659 |
| Total liabilities | $30,169 |
| Net assets or fund balances | $304,490 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Albert Lea Art Center has recieved totaling $35,920.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $29,861 |
United Way Of Freeborn County Inc Albert Lea, MN PURPOSE: COVID-19 RELIEF FUNDS | $6,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $59 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John Michael Kohler Arts Center Inc Sheboygan, WI | $91,886,755 | $7,533,321 |
Washington Pavilion Management Inc Sioux Falls, SD | $7,664,278 | $8,315,223 |
Kohler Trust For The Arts And Education Kohler, WI | $9,068,772 | $5,585,156 |
Success Institute Minneapolis, MN | $1,766,984 | $4,353,040 |
Brucemore Inc Cedar Rapids, IA | $18,035,244 | $1,902,736 |
Milwaukee County War Memorial Inc Milwaukee, WI | $14,315,972 | $2,406,675 |
Figge Art Museum Davenport, IA | $8,061,931 | $3,020,890 |
Zeitgeist Center For Arts And Community Duluth, MN | $16,526,029 | $2,402,669 |
Seward Redesign Inc Minneapolis, MN | $17,574,323 | $2,638,078 |
Bloomington Theatre And Art Center Dba Artistry Bloomington, MN | $570,526 | $1,529,131 |
Phipps Center For The Arts Inc Hudson, WI | $10,511,884 | $2,040,286 |
North Iowa Cultural Center And Museum Clear Lake, IA | $2,980,482 | $2,832,043 |