Summer Of The Arts Inc
- Assets
- $235.5k
- Revenue
- $535.3k
- Investments
- $0.0
- Employees
- 4
- Location
- Iowa City, IA
- Founding
- 01/1995
- Data as of
- 12/2021
- EIN
- 42-1412706
Organization Overview
Summer Of The Arts Inc is located in Iowa City, IA. The organization was established in 1995. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Summer Of The Arts Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Summer Of The Arts Inc 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, Summer Of The Arts Inc generated $535.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $501.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.9%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO BUILD COMMUNITY BY BRINGING PEOPLE TOGETHER TO EXPERIENCE, LEARN ABOUT, AND ENJOY THE ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUMMER OF THE ARTS OFFERS EXPOSURE TO FREE, FAMILY-FRIENDLY ARTS AND CULTURE THROUGH THE IOWA ARTS FESTIVAL, IOWA CITY JAZZ FESTIVAL, SOUL AND BLUES FESTIVAL, FRIDAY NIGHT CONCERT SERIES, NORTHSIDE CONCERT SERIES, MUSIC ON THE MOVE AND FREE MOVIE SERIES.
A CONTINUED PARTNERSHIP WITH OAKNOLL RETIREMENT COMMUNITY TO PRODUCE A SUMMER CONCERT SERIES TO BE HELD AT THEIR RESIDENCE IN THEIR OUTDOOR COURTYARD BEGAN IN 2016 AND WAS EXTENDED WITH A MULTI-YEAR AGREEMENT. THE GOAL OF THIS COLLABORATION WAS TO MAKE SURE THAT THE ARTS, AND SPECIFICALLY MUSICAL ENTERTAINMENT, ARE AVAILABLE TO ALL. MANY OF THE RESIDENTS AT OAKNOLL ARE NOT ABLE TO ATTEND SUMMER OF THE ARTS FESTIVALS HELD IN DOWNTOWN IOWA CITY, SO THIS PROVIDES AN OPPORTUNITY TO ENJOY SPECIAL OUTDOOR EVENTS IN A BEAUTIFUL LOCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Barnes Executive Director | Officer | 40 | $62,144 |
Chace Ramey Vice President | OfficerTrustee | 1 | $0 |
Abby Restko President | OfficerTrustee | 2 | $0 |
Angie Brown Secretary (until 12/21) | OfficerTrustee | 1 | $0 |
Nick Billups Treasurer | OfficerTrustee | 1 | $0 |
Aimee Langlas Past President (until 12/21) | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $149,837 |
| All other contributions, gifts, grants, and similar amounts not included above | $298,872 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $448,709 |
| Total Program Service Revenue | $84,684 |
| Investment income | $718 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,205 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $535,316 |
| 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. | $81,510 |
| Compensation of current officers, directors, key employees. | $16,302 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $127,202 |
| Pension plan accruals and contributions | $3,489 |
| Other employee benefits | $0 |
| Payroll taxes | $14,056 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,975 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,056 |
| Advertising and promotion | $0 |
| Office expenses | $7,269 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $22,671 |
| 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 | $1,584 |
| Insurance | $10,930 |
| All other expenses | $3,173 |
| Total functional expenses | $501,522 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $180,217 |
| Savings and temporary cash investments | $27,015 |
| 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 | $2,475 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,772 |
| Total assets | $235,479 |
| Accounts payable and accrued expenses | $5,116 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,116 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $230,363 |
| Total liabilities and net assets/fund balances | $235,479 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Summer Of The Arts Inc has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Langland Family Be A Light Foundation Iowa City, IA PURPOSE: GENERAL OPERATING FUND | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Walker Art Center Inc Minneapolis, MN | $379,213,744 | $50,426,261 |
Cedars Youth Services Inc Lincoln, NE | $3,781,536 | $13,267,342 |
John Michael Kohler Arts Center Inc Sheboygan, WI | $91,886,755 | $7,533,321 |
Puerto Rican Cultural Center Chicago, IL | $9,175,566 | $9,769,703 |
United States Artists Inc Chicago, IL | $40,639,117 | $6,830,121 |
Center Of Creative Arts Saint Louis, MO | $22,497,336 | $9,712,696 |
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 |
Applied Information Management Institute Omaha, NE | $8,071,442 | $4,851,557 |
Kranzberg Arts Foundation St Louis, MO | $18,112,007 | $6,602,930 |
American College Of Occupational And Environmental Medicine Elk Grove Village, IL | $5,115,240 | $3,683,433 |
Success Institute Minneapolis, MN | $1,766,984 | $4,353,040 |