Brookings Summer Folk Arts Festival Inc
- Assets
- $46.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Brookings, SD
- Founding
- 07/1999
- Data as of
- 12/2020
- EIN
- 46-0375320
Organization Overview
Brookings Summer Folk Arts Festival Inc is located in Brookings, SD. The organization was established in 1999. 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. Brookings Summer Folk Arts Festival Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2020, Brookings Summer Folk Arts Festival Inc generated $6.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (33.5%) each year. All expenses for the organization totaled $8.5k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (28.3%) per year over the past 6 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
2020
Describe the Organization's Program Activity:
Part 3
A COMMITTEE OF APPROXIMATELY 50 PEOPLE IN OUR COMMUNITY ORGANIZE A TWO-DAY ARTS FESTIVAL TO PROMOTE APPRECIATION OF ART. THIS IS THE PREMIER ARTS FESTIVAL IN THE AREA. THE EVENT IS ATTENDED BY 50,000 TO 75,000 PEOPLE ANNUALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erin Keller Board Member | 0 | $0 | |
Jean Stoebner Chair | 0 | $0 | |
Verlie Barg Treasurer | 0 | $0 | |
Dan Kemp Secretary | 0 | $0 | |
Ellen Herrboldt Co-Chair | 0 | $0 | |
Bonnie Schulte Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $6,000 |
| Membership dues | $0 |
| Investment income | $18 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $6,018 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $8,480 |
| Total expenses | $8,480 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $46,070 |
| Other assets | $0 |
| Total assets | $46,070 |
| Total liabilities | $0 |
| Net assets or fund balances | $46,070 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Minnesota Humanities Center St Paul, MN | $15,490,899 | $2,258,980 |
Metropolitan Regional Arts Council St Paul, MN | $2,676,962 | $5,717,209 |
Nebraska Humanities Council Lincoln, NE | $300,556 | $1,742,597 |
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 |
Humanties Montana Missoula, MT | $548,269 | $1,292,883 |
Reif Arts Council Grand Rapids, MN | $641,981 | $1,377,956 |
Central Minnesota Arts Board Foley, MN | $714,262 | $1,088,614 |
North Dakota Humanities Council Bismarck, ND | $606,082 | $1,234,062 |
Arts Council Of Big Sky Big Sky, MT | $1,365,916 | $1,170,034 |
Southwest Minnesota Arts Council Marshall, MN | $626,781 | $1,000,524 |
Lake Region Arts Council Inc Fergus Falls, MN | $216,379 | $880,468 |