Ankeny Friends Of The Arts
- Assets
- $352.5k
- Revenue
- $458.5k
- Investments
- $0.0
- Employees
- 7
- Location
- Ankeny, IA
- Founding
- 04/1996
- Data as of
- 12/2021
- EIN
- 42-1438186
Organization Overview
Ankeny Friends Of The Arts is located in Ankeny, IA. The organization was established in 1996. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Ankeny Friends Of The Arts employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ankeny Friends Of The Arts 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, Ankeny Friends Of The Arts generated $458.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.9% each year . All expenses for the organization totaled $268.7k during the year ending 12/2021. While expenses have increased by 15.3% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTION OF ARTISTIC ACTIVITIES IN THE COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZE, PROMOTE AND CONDUCT ART CLASSES AND WORKSHOPS. MAINTAIN COMMUNITY ART GALLERY FEATURING IOWA ARTISTS. APPROXIMATELY 6,000 PERSONS SERVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hilary Kodatt Executive Director | 40 | $36,663 | |
Bobbi Bentz Vice President | Officer | 2 | $0 |
Crystal Edwards President | Officer | 2 | $0 |
Don Zuck Treasurer | Officer | 2 | $0 |
Katie Schwebach Secretary | Officer | 2 | $0 |
Brent Gantenbein Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $18,480 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $428,066 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $446,546 |
| Total Program Service Revenue | $0 |
| Investment income | $11,941 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $458,487 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,450 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $3,320 |
| Compensation of current officers, directors, key employees. | $36,663 |
| Compensation of current officers, directors, key employees. | $36,663 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $56,329 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,114 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,675 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $21,553 |
| Office expenses | $19,613 |
| Information technology | $4,199 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $81 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $28,134 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,236 |
| Insurance | $2,533 |
| All other expenses | $3,317 |
| Total functional expenses | $268,677 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $217,117 |
| Savings and temporary cash investments | $0 |
| 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 | $23,526 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $111,862 |
| Total assets | $352,505 |
| Accounts payable and accrued expenses | $19,039 |
| 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 | $11,315 |
| Total liabilities | $30,354 |
| Net assets without donor restrictions | $322,151 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $352,505 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Ankeny Friends Of The Arts has recieved totaling $43,205.
| Awarding Organization | Amount |
|---|---|
Bravo Greater Des Moines Inc Des Moines, IA PURPOSE: GENERAL FUNDING | $33,050 |
Community Fdn Of Greater Des Moines Des Moines, IA PURPOSE: GRANT DISTRIBUTION TO BE DIRECTED TO BENEFIT A GIFT TO UGIS | $5,136 |
Denny And Candy Elwell Foundation Ankeny, IA PURPOSE: GENERAL FUND | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $19 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ravinia Festival Association Highland Park, IL | $230,171,878 | $43,242,885 |
Omaha Performing Arts Society Omaha, NE | $32,168,813 | $11,794,799 |
Springboard For The Arts Saint Paul, MN | $11,189,893 | $6,226,382 |
Irish Festivals Inc Wauwatosa, WI | $3,948,548 | $3,527,102 |
Penumbra Theatre Company Inc St Paul, MN | $11,072,613 | $11,767,246 |
Vermillion Development Company Vermillion, SD | $13,347,571 | $1,278,713 |
Great River Educational Arts Theatre Waite Park, MN | $2,124,043 | $1,298,564 |
Thelma Sadoff Center For The Arts Inc Fond Du Lac, WI | $5,501,310 | $863,155 |
Hoogland Center For The Arts Inc Springfield, IL | $6,969,049 | $1,022,079 |
The Cedar Cultural Center Inc Minneapolis, MN | $2,037,241 | $1,717,061 |
Kuumba Lynx Chicago, IL | $1,227,292 | $991,440 |
Natya Dance Theatre Oakbrook, IL | $1,497,460 | $845,551 |