Fort Madison Area Arts Association is located in Fort Madison, IA. The organization was established in 1980. According to its NTEE Classification (A03) the organization is classified as: Professional Societies & Associations, 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. Fort Madison Area Arts Association 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 03/2022, Fort Madison Area Arts Association generated $84.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $55.0k during the year ending 03/2022. As we would expect to see with falling revenues, expenses have declined by (6.4%) per year over the past 7 years. 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
2022
Describe the Organization's Program Activity:
Part 3
ART IN THE PARK AND EDUCATION PROGRAMS, EARLY OUT PROGRAMS FOR STUDENTS AND SURROUNDING AREAS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Angie Sodie President | 2 | $0 | |
Teresa Dearing Vice Presidemt | 1 | $0 | |
Mary Brockman Secretary | 1 | $0 | |
Melisa Derr Treasurer | 3 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $62,590 |
Total Program Service Revenue | $3,436 |
Membership dues | $7,134 |
Investment income | $50 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $84,191 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $28,167 |
Professional fees and other payments to independent contractors | $873 |
Occupancy, rent, utilities, and maintenance | $10,619 |
Printing, publications, postage, and shipping | $869 |
Other expenses | $14,462 |
Total expenses | $54,990 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $68,061 |
Other assets | $0 |
Total assets | $129,599 |
Total liabilities | $777 |
Net assets or fund balances | $128,822 |
Over the last fiscal year, we have identified 2 grants that Fort Madison Area Arts Association has recieved totaling $30,000.
Awarding Organization | Amount |
---|---|
Fort Madison Sirrc Corporation Fort Madison, IA PURPOSE: ROOF REPLACEMENT | $25,000 |
Lee County Youth Services Fort Madison, IA PURPOSE: YOUTH PROGRAMS | $5,000 |
Organization Name | Assets | Revenue |
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National Society Of Genetic Counselors Inc Chicago, IL | $6,031,708 | $4,172,256 |
International Association Of Business Communicators Chicago, IL | $856,866 | $2,406,715 |
Maywood Fine Arts Association Maywood, IL | $3,515,801 | $1,414,903 |
Aia Illinois Springfield, IL | $1,612,355 | $821,664 |
American Institute Of Architects Iowa Chapter Des Moines, IA | $644,510 | $840,997 |
Luminarts Cultural Foundation At The Union League Club Of Chicago Chicago, IL | $2,688,483 | $1,017,926 |
American Association Of Teachers Of French Marion, IL | $5,084,375 | $658,211 |
American Institute Of Architects Kansas City, MO | $675,522 | $664,208 |
Missouri Cable Telecommunications Association Jefferson City, MO | $314,105 | $647,946 |
Alexandria Area Arts Association Inc Alexandria, MN | $950,884 | $598,447 |
Minnesota Music Educators Association Brooklyn Park, MN | $378,257 | $590,745 |
Free Street Programs Inc Chicago, IL | $402,748 | $483,236 |