Grinnell Area Arts Council
- Assets
- $1.7m
- Revenue
- $442.0k
- Investments
- $0.0
- Employees
- 8
- Location
- Grinnell, IA
- Founding
- 06/1980
- Data as of
- 06/2023
- 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 06/2023, 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 06/2023, Grinnell Area Arts Council generated $442.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $307.9k during the year ending 06/2023. While expenses have increased by 0.9% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
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.
GALLERY & EVENTS - THE GRINNELL ARTS GALLERY HOSTS A VARIETY OF ART EXHIBITIONS OF REGIONAL AND LOCAL ARTISTS THROUGHOUT THE YEAR. ARTISTS VARY FROM RISING UP-START ARTISTS TO LIFE-LONG ARTISTS. THE VENUE IS OPEN TO THE PUBLIC AND SHOWCASED EACH MONTH WITH A RECEPTION AND ARTIST TALK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Levi Dressler Director | Trustee | 1 | $0 |
Mary Lindberg Director | Trustee | 1 | $0 |
Jane Mertens Director | Trustee | 1 | $0 |
Nancy Rempel-Clower Director | Trustee | 1 | $0 |
Leanna Smith Director | Trustee | 1 | $0 |
Bill Menner Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $35,870 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $140,806 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $176,676 |
| Total Program Service Revenue | $134,695 |
| Investment income | $128,812 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,823 |
| 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 | $442,006 |
| 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 | $82,249 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,556 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,520 |
| Advertising and promotion | $2,078 |
| 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 | $23,905 |
| Insurance | $16,224 |
| All other expenses | $43,322 |
| Total functional expenses | $307,882 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $112,660 |
| Savings and temporary cash investments | $78,163 |
| 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 | $464,329 |
| Investments—publicly traded securities | $1,060,886 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,716,038 |
| Accounts payable and accrued expenses | $1,759 |
| 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 | $12,000 |
| Other liabilities | $0 |
| Total liabilities | $13,759 |
| Net assets without donor restrictions | $828,982 |
| Net assets with donor restrictions | $873,297 |
| 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 | $1,716,038 |