Ohnward Fine Arts Center
- Assets
- $1.8m
- Revenue
- $230.3k
- Investments
- $0.0
- Employees
- 3
- Location
- Maquoketa, IA
- Founding
- 12/2001
- Data as of
- 09/2022
- EIN
- 42-1507636
Organization Overview
Ohnward Fine Arts Center is located in Maquoketa, IA. The organization was established in 2001. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2022, Ohnward Fine Arts Center employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ohnward Fine Arts 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 09/2022, Ohnward Fine Arts Center generated $230.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $311.7k during the year ending 09/2022. While expenses have increased by 6.2% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THEATER FOR THE PERFORMIMG ARTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
CULTURAL EDUCATION FOR THE COMMUNITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathy Klocke Vice President | OfficerTrustee | 2 | $0 |
Luann Huckstadt Secretary | OfficerTrustee | 2 | $0 |
Dick Sherrard President | OfficerTrustee | 2 | $0 |
Elizabeth Weber Treasurer | OfficerTrustee | 2 | $0 |
Richard Hall Exec Director | Officer | 40 | $0 |
Jan Muhl Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $11,857 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $92,954 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $104,811 |
| Total Program Service Revenue | $100,472 |
| Investment income | $7,686 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $11,144 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$7,218 |
| Net Income from Gaming Activities | $1,533 |
| Net Income from Sales of Inventory | $11,857 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $230,285 |
| 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 | $60,257 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,880 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,258 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $61,955 |
| Advertising and promotion | $42,276 |
| Office expenses | $10,306 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $32,995 |
| Travel | $988 |
| 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 | $57,904 |
| Insurance | $18,269 |
| All other expenses | $7,205 |
| Total functional expenses | $311,684 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,859 |
| Savings and temporary cash investments | $144,015 |
| 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 | $1,629,286 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,794,160 |
| Accounts payable and accrued expenses | $5,226 |
| 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 | $25,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $30,226 |
| 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 | $1,763,934 |
| Total liabilities and net assets/fund balances | $1,794,160 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Ohnward Fine Arts Center has recieved totaling $2,052.
| Awarding Organization | Amount |
|---|---|
Allison Everett Pearson Foundation Clinton, IA PURPOSE: TOILETS FOR FACILITY | $2,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $52 |
Endowment Analysis
| Beg. Balance | $150,474 |
| Earnings | -$8,352 |
| Net Contributions | $1,894 |
| Ending Balance | $144,016 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wisconsin Public Broadcasting Foundation Inc Madison, WI | $32,720,675 | $11,782,247 |
Wisconsin History Foundation Inc Madison, WI | $57,186,900 | $14,378,166 |
Opas Foundation Omaha, NE | $216,930,638 | $54,646,266 |
St Louis Art Museum Foundation St Louis, MO | $296,394,608 | $22,752,701 |
Oakleaf Endowment Tr Fbo Minnesota Orchestra 063097 Minneapolis, MN | $81,273,856 | $10,271,429 |
Overture Center Foundation Inc Madison, WI | $20,998,721 | $8,215,874 |
Friends Of South Dakota Public Broadcasting Sioux Falls, SD | $8,253,361 | $5,354,022 |
Overture Development Corporation Madison, WI | $128,656,351 | $0 |
Des Moines Metro Opera Foundation Inc Indianola, IA | $21,471,212 | $2,429,329 |
Mariners Museum Tr No 2 P03152009 Chicago, IL | $40,886,491 | $1,565,814 |
World Chess Museum Inc St Louis, MO | $1,624,573 | $2,628,298 |
John R Vanderlip Trust Uw 5006 Nect Milwaukee, WI | $35,603,983 | $4,156,554 |