Fairfield Arts & Convention Center
- Assets
- $1.6m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 21
- Location
- Fairfield, IA
- Founding
- 07/1998
- Data as of
- 06/2023
- EIN
- 42-1471055
Organization Overview
Fairfield Arts & Convention Center is located in Fairfield, IA. The organization was established in 1998. According to its NTEE Classification (N32) the organization is classified as: Parks & Playgrounds, under the broad grouping of Recreation & Sports and related organizations. As of 06/2023, Fairfield Arts & Convention Center employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fairfield Arts & Convention Center 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, Fairfield Arts & Convention Center generated $1.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $1.2m during the year ending 06/2023. While expenses have increased by 1.1% per year over the past 6 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
TO CONNECT PEOPLE WITH THE ARTS AND WITH EACH OTHER BY OPERATING A PERFORMING ARTS AND COMMUNITY EVENTS CENTER
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIVE PERFORMANCES: THE CENTER PRESENTS AND FULL SEASON OF LIVE PROFESSIONAL THEATER, MUSIC AND DANCE. ALSO HOSTS A VARIETY OF COMMUNITY THEATER AND MUSIC PERFORMANCES.
COMMUNITY EVENTS: THE CENTER MAKES ITS FACILITIES AVILABLE FOR A WIDE VARIETY OF COMMUNITY EVENTS EACH YEAR.
FILMS:THE CENTER OFFERS EDUCATIONAL AND COMMUNITY AWARNESS FILMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert J Wiegert President | OfficerTrustee | 5 | $0 |
Sara Johnston Vice President | OfficerTrustee | 5 | $0 |
Roberta Sloat Secretary | OfficerTrustee | 2 | $0 |
Charles Dillon Treasurer | OfficerTrustee | 5 | $0 |
Vicki Alexander-Herriott Director | Trustee | 2 | $0 |
Jean Greco Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $60,700 |
| All other contributions, gifts, grants, and similar amounts not included above | $972,947 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,033,647 |
| Total Program Service Revenue | $461,048 |
| Investment income | $9,703 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $15,093 |
| 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 | $1,549,355 |
| 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 | $462,538 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $1,965 |
| Other employee benefits | $6,067 |
| Payroll taxes | $33,812 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,297 |
| Fees for services: Other | $952 |
| Advertising and promotion | $69,755 |
| Office expenses | $19,568 |
| Information technology | $6,605 |
| 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 | $50,501 |
| Insurance | $14,251 |
| All other expenses | $226,745 |
| Total functional expenses | $1,206,167 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $447,292 |
| Savings and temporary cash investments | $254,917 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,501 |
| 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 | $17,002 |
| Net Land, buildings, and equipment | $591,182 |
| Investments—publicly traded securities | $310,272 |
| Investments—other securities | $0 |
| Investments—program-related | $21,118 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,648,284 |
| Accounts payable and accrued expenses | $25,752 |
| Grants payable | $0 |
| Deferred revenue | $56,072 |
| 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 | $17,511 |
| Total liabilities | $99,335 |
| 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 | $1,548,949 |
| Total liabilities and net assets/fund balances | $1,648,284 |