Grinnell Area Arts Council
- Assets
- $1.6m
- Revenue
- $70.5k
- Investments
- $0.0
- Employees
- 8
- Location
- Grinnell, IA
- Founding
- 06/1980
- Data as of
- 06/2022
- EIN
- 42-1130693
Organization Overview
Grinnell Area Arts Council is located in Grinnell, IA. The organization was established in 1980. 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. As of 06/2022, Grinnell Area Arts Council employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grinnell Area Arts Council 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 06/2022, Grinnell Area Arts Council generated $70.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (15.3%) each year. All expenses for the organization totaled $193.0k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (5.5%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE GRINNELL AREA ARTS COUNCIL IS TO ENRICH THE COMMUNITY BY SUPPORTING CREATIVE EXPRESSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STEW MAKERSPACE THE STEW MAKERSPACE, OR "THE STEW", IS A PROGRAM AND FACILITYCREATED TO CULTIVATE OUR LOCAL CREATIVE COMMUNITY. LOCATED IN A STOREFRONT SPACEACROSS FROM THE ARTS CENTER IN DOWNTOWN GRINNELL, THE STEW HOSTS MAKING SPACESFOR CREATIVE PROJECTS, EDUCATIONAL CLASSES AND WORKSHOPS IN A VARIETY OF MEDIUMS.
EDUCATION - THE GRINNELL ARTS ACADEMY PROVIDES QUALITY AFTER SCHOOL, EVENING AND WEEKEND ARTS-RELATED CLASSES THROUGHOUT THE SCHOOL YEAR AND DURING THE SUMMER. THE ARTS ACADEMY PROGRAMMING CREATES A STUDENT-CENTERED ENVIRONMENT IN WHICH INDIVIDUAL ACTIVITIES AND GROUP PROJECTS FOSTER CREATIVE EXPLORATION THROUGH THE ARTS, WITH EMPHASIS PLACED ON THE CREATIVE PROCESS AND EXPERIMENTATION. DIRECTED BY PROFESSIONAL EDUCATORS WITH THE HELP OF VOLUNTEERS AND COLLEGE STUDENTS.
COMMUNITY THEATRE - GRINNELL COMMUNITY THEATRE STAGES LIVE THEATRICAL PLAYS AND MUSICALS. COMMUNITY MEMBERS GET INVOLVED AS CAST AND CREW, AND SHOWS ARE MARKETED AND PERFORMED FOR THE PUBLIC. PRODUCTIONS INVOLVE CASTS FROM AS SMALL AS 5 PEOPLE TO AS LARGE AS 100 PEOPLE, AND THE SHOWS PERFORMED RANGE FROM CLASSICAL OR AVANT-GARDE WORKS TO POPULAR MUSICALS. COMMUNITY THEATRE INVITES PEOPLE WITH ALL LEVELS OF ACTING OR THEATRE EXPERIENCE TO PARTICIPATE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Hunter President | Officer | 1 | $0 |
Kabenla Armah Vice President | Officer | 1 | $0 |
Sigmund Barber Treasurer | Officer | 1 | $0 |
Bill Menner Director | Trustee | 1 | $0 |
Leanna Smith Director | Trustee | 1 | $0 |
Levi Dressler Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $28,710 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $97,569 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $126,279 |
| Total Program Service Revenue | $77,390 |
| Investment income | -$133,516 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $320 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $70,473 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $54,832 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,312 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,575 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,635 |
| Advertising and promotion | $2,772 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,933 |
| Insurance | $11,901 |
| All other expenses | $28,163 |
| Total functional expenses | $193,039 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $117,836 |
| Savings and temporary cash investments | $142,556 |
| 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 | $0 |
| Net Land, buildings, and equipment | $488,234 |
| Investments—publicly traded securities | $845,289 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,593,915 |
| Accounts payable and accrued expenses | $1,760 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $24,000 |
| Other liabilities | $0 |
| Total liabilities | $25,760 |
| Net assets without donor restrictions | $777,082 |
| Net assets with donor restrictions | $791,073 |
| 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 | $1,593,915 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Grinnell Area Arts Council has recieved totaling $6,521.
| Awarding Organization | Amount |
|---|---|
Bfk Foundation Inc Granville, OH PURPOSE: GENERAL OPERATING SUPPORT | $3,000 |
Grinnell Mutual Group Foundation Grinnell, IA PURPOSE: THE STEW | $2,500 |
Ramsey Family Foundation Grinnell, IA PURPOSE: SERVICES | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $21 |
Endowment Analysis
| Beg. Balance | $551,117 |
| Earnings | $20,796 |
| Admin Expense | $7,819 |
| Net Contributions | $9,093 |
| Other Expense | $22,697 |
| Ending Balance | $550,490 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Minnesota Humanities Center St Paul, MN | $15,490,899 | $2,258,980 |
Mid-America Arts Alliance Kansas City, MO | $12,444,344 | $5,873,119 |
Metropolitan Regional Arts Council St Paul, MN | $2,676,962 | $5,717,209 |
Regional Cultural & Performing Arts Development Commission St Louis, MO | $5,092,606 | $4,539,915 |
Performing Arts Foundation Inc Wausau, WI | $2,793,768 | $2,598,770 |
Nebraska Humanities Council Lincoln, NE | $300,556 | $1,742,597 |
Arts & Education Council Of Greater St Louis St Louis, MO | $3,607,788 | $2,239,386 |
Metropolitan Arts Council Of Greater Kansas City Kansas City, MO | $1,490,400 | $2,232,014 |
Pottawattamie Arts Culture & Entertainment Council Bluffs, IA | $21,175,917 | $2,201,183 |
Union For Contemporary Art Inc Omaha, NE | $4,100,351 | $2,843,847 |
Quad City Arts Inc Rock Island, IL | $1,454,915 | $1,845,550 |
Reif Arts Council Grand Rapids, MN | $641,981 | $1,377,956 |