The Armory Arts & Events Center
- Assets
- $21.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Park Rapids, MN
- Founding
- 09/2011
- Data as of
- 12/2023
- EIN
- 45-2181580
Organization Overview
The Armory Arts & Events Center is located in Park Rapids, MN. The organization was established in 2011. According to its NTEE Classification (W03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Armory Arts & Events 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 12/2023, Armory Arts & Events Center generated $110.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (13.1%) each year. All expenses for the organization totaled $88.7k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (14.0%) per year over the past 2 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
ARTS PROGRAMMING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Ahart President | 6 | $0 | |
Steve Peloquin Director | 2 | $0 | |
Nancy Carroll Secretary | 4 | $0 | |
Mike Bruhn Director | 3 | $0 | |
Mary Arneson Director | 4 | $0 | |
Nicole Kirchner Ex-Officio Director | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $58,526 |
| Total Program Service Revenue | $51,792 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $110,318 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $20,638 |
| Professional fees and other payments to independent contractors | $9,666 |
| Occupancy, rent, utilities, and maintenance | $33,856 |
| Printing, publications, postage, and shipping | $366 |
| Other expenses | $24,180 |
| Total expenses | $88,706 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $21,612 |
| Other assets | $0 |
| Total assets | $21,612 |
| Total liabilities | $0 |
| Net assets or fund balances | $21,612 |