Creston-Arts Inc
- Assets
- $317.2k
- Revenue
- $271.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Creston, IA
- Founding
- 08/1977
- Data as of
- 12/2020
- EIN
- 42-6256849
Organization Overview
Creston-Arts Inc is located in Creston, IA. The organization was established in 1977. According to its NTEE Classification (A26) the organization is classified as: Arts & Humanities Councils & Agencies, 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. Creston-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 12/2020, Creston-Arts Inc generated $271.3k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 68.4% each year . All expenses for the organization totaled $58.7k during the year ending 12/2020. While expenses have increased by 37.2% per year over the past 2 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE ART IN THE CRESTON COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE A VEHICLE FOR COORDINATION, ADVANCEMENT, PROMOTION, AND ADMINISTRATION OF ALL PHASES OF THE ARTS IN CRESTON, IA AND SURROUNDING AREAS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cc Zachary Secretary | Officer | 0 | $0 |
Brian Zachary President | Officer | 0 | $0 |
Cassie Ralston Treasurer | Officer | 0 | $0 |
Brenden Millslagle Vice President | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $110,200 |
| All other contributions, gifts, grants, and similar amounts not included above | $157,388 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $267,588 |
| Total Program Service Revenue | $3,700 |
| Investment income | $0 |
| 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 | $271,288 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $8,815 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $456 |
| Office expenses | $1,042 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,078 |
| 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 | $1,636 |
| Insurance | $2,884 |
| All other expenses | $0 |
| Total functional expenses | $58,657 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $67,879 |
| Savings and temporary cash investments | $4,750 |
| 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 | $244,526 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $317,155 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $317,155 |
| 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 | $317,155 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Creston-Arts Inc has recieved totaling $85,000.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $50,000 |
Christopher Reeve Foundation A New Jersey Nonprofit Corporation Short Hills, NJ PURPOSE: FACILITY ACCESSIBILITY MODIFICATIONS | $25,000 |
National Academy Of Design New York, NY PURPOSE: ABBEY MURAL PRIZE | $10,000 |
Endowment Analysis
| Net Contributions | $4,750 |
| Ending Balance | $4,750 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Minnesota Humanities Center St Paul, MN | $15,490,899 | $2,258,980 |
Mid-America Arts Alliance Kansas City, MO | $12,444,344 | $5,873,119 |
Metropolitan Regional Arts Council St Paul, MN | $2,676,962 | $5,717,209 |
Regional Cultural & Performing Arts Development Commission St Louis, MO | $5,092,606 | $4,539,915 |
Performing Arts Foundation Inc Wausau, WI | $2,793,768 | $2,598,770 |
Nebraska Humanities Council Lincoln, NE | $300,556 | $1,742,597 |
Arts & Education Council Of Greater St Louis St Louis, MO | $3,607,788 | $2,239,386 |
Metropolitan Arts Council Of Greater Kansas City Kansas City, MO | $1,490,400 | $2,232,014 |
Pottawattamie Arts Culture & Entertainment Council Bluffs, IA | $21,175,917 | $2,201,183 |
Union For Contemporary Art Inc Omaha, NE | $4,100,351 | $2,843,847 |
Quad City Arts Inc Rock Island, IL | $1,454,915 | $1,845,550 |
Reif Arts Council Grand Rapids, MN | $641,981 | $1,377,956 |