Redlin Art Center
- Assets
- $25.6m
- Revenue
- $908.8k
- Investments
- $0.0
- Employees
- 14
- Location
- Watertown, SD
- Founding
- 05/2011
- Data as of
- 12/2023
- EIN
- 46-0445310
Organization Overview
Redlin Art Center is located in Watertown, SD. The organization was established in 2011. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Redlin Art Center employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Redlin Art 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, Redlin Art Center generated $908.8k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF ART MUSEUM FOR THE BENEFIT OF GENERAL PUBLIC.
Describe the Organization's Program Activity:
SALE OF PRINTS AND COLLECTIBLES CONTAINING REDLIN ART IMAGES IN THE MUSEUM GIFT SHOP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Aredlin President | Trustee | 1.5 | $0 |
Robert J Wagner Vicepresident | Trustee | 0.5 | $0 |
Dan Raderschadt Director | Trustee | 0.5 | $0 |
Julie Ranum Executive Director | Officer | 40 | $422,006 |
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 | $29,678 |
| Noncash contributions included in lines 1a–1f | $27,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $29,678 |
| Total Program Service Revenue | $868,432 |
| Investment income | $343,005 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$181,318 |
| Net Gain/Loss on Asset Sales | -$165,790 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $908,821 |
| 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. | $256,171 |
| Compensation of current officers, directors, key employees. | $143,482 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $195,479 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $27,749 |
| Payroll taxes | $22,736 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $461 |
| Fees for services: Accounting | $19,490 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $55,357 |
| Fees for services: Other | $4,735 |
| Advertising and promotion | $26,928 |
| Office expenses | $4,547 |
| Information technology | $10,517 |
| Royalties | $0 |
| Occupancy | $144,365 |
| Travel | $1,573 |
| 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 | $194,398 |
| Insurance | $38,366 |
| All other expenses | $63,767 |
| Total functional expenses | $1,513,310 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $71,739 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $255 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $609,254 |
| Prepaid expenses and deferred charges | $7,799 |
| Net Land, buildings, and equipment | $5,740,335 |
| Investments—publicly traded securities | $6,803,217 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $17,343 |
| Other assets | $12,317,528 |
| Total assets | $25,567,470 |
| Accounts payable and accrued expenses | $35,625 |
| 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 | $35,625 |
| Net assets without donor restrictions | $7,575,139 |
| Net assets with donor restrictions | $17,956,706 |
| 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 | $25,567,470 |