Soar Regional Arts
- Assets
- $95.3k
- Revenue
- $214.8k
- Investments
- $0.0
- Employees
- 0
- Location
- St Michael, MN
- Founding
- 04/2012
- Data as of
- 06/2022
- EIN
- 45-4005196
Organization Overview
Soar Regional Arts is located in St Michael, MN. The organization was established in 2012. According to its NTEE Classification (A65) the organization is classified as: Theater, 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. Soar Regional 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 06/2022, Soar Regional Arts generated $214.8k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 12.4% each year . All expenses for the organization totaled $171.7k during the year ending 06/2022. While expenses have increased by 10.2% per year over the past 5 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
SOAR REGIONAL ARTS IS A NONPROFIT ORGANIZATION, THE PURPOSE OF WHICH IS TO ENRICH, EDUCATE, AND ENTERTAIN THE COMMUNITIES OF ST MICHAEL, OTSEGO, ALBERTVILLE, AND ROGERS BY PROVIDING AN EXCEPTIONAL PERFORMING ARTS EXPERIENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOAR REGIONAL ARTS IS A NONPROFIT ORGANIZATION, THE PURPOSE OF WHICH IS TO ENRICH, EDUCATE, AND ENTERTAIN THE COMMUNITIES OF ST MICHAEL, OTSEGO, ALBERTVILLE, AND ROGERS BY PROVIDING AN EXCEPTIONAL PERFORMING ARTS EXPERIENCE. WE BELIEVE IN....~ COMMUNITY: WE WORK HARD TO REPRESENT OURSELVES IN THE COMMUNITIES WE SERVE: ST MICHAEL, OTSEGO, ALBERTVILLE AND ROGERS. THIS MEANS FORMING PARTNERSHIPS AND COLLABORATIONS WITH OTHER ARTS PROGRAMS AND LOCAL BUSINESSES TO ENSURE THE ARTS ARE AVAILABLE TO ALL.~PARTICIPATION: WE PROVIDE ENCOURAGEMENT FOR ALL LEVELS OF PARTICIPATION. ON STAGE, BEHIND THE SCENES, VOLUNTEERING, OR IN THE AUDIENCE. ALL AREAS ARE ESSENTIAL TO THE SUCCESS OF SOARS PRODUCTIONS AND PROGRAMS. EVERYONE IS NEEDED TO MAKE THIS WORK.~INCLUSION: WE ARE COMMITTED TO REACHING OUT TO THE PARTICIPANTS, PATRONS, AND VOLUNTEERS TO REFLECT NOT ONLY THE COMMUNITY THAT WE CURRENTLY SERVE, BUT THE COMMUNITY WE HOPE TO BE. WE STRIVE TO PROVIDE AFFORDABLE PROGRAMS BOTH AS PARTICIPANTS AND PATRONS IN OUR COMMUNITY. MOST IMPORTANTLY, WE PROVIDE A SUPPORTIVE ENVIRONMENT WHERE EVERYONE IS WELCOME AND EACH PERSONS PART IS WHAT MAKES THE PRODUCTION A SUCCESS. WE ARE COMMITTED TO EQUITY, DIVERSITY, INCLUSIVITY, AND ACCESSIBILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Weber Director | Trustee | 1 | $0 |
Terrell Beaudry President | Officer | 23 | $0 |
Jamie Reznicek Treasurer | Officer | 22 | $0 |
Ellen Beaudry Secretary | Officer | 11 | $0 |
Debra Bishop Vice President | Officer | 7 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $89,251 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $89,251 |
| Total Program Service Revenue | $125,586 |
| 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 | $214,837 |
| 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 | $58,168 |
| 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 | $4,429 |
| Office expenses | $7,248 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,528 |
| Travel | $3,966 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $372 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,126 |
| All other expenses | $1,603 |
| Total functional expenses | $171,657 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $95,268 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $95,268 |
| 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 | $10,023 |
| Total liabilities | $10,023 |
| Net assets without donor restrictions | $85,245 |
| 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 | $95,268 |