Redlin Art Center
- Assets
- $27.3m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 15
- Location
- Watertown, SD
- Founding
- 05/2011
- Data as of
- 12/2021
- 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 12/2021, Redlin Art Center employed 15 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 12/2021, Redlin Art Center generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $1.5m during the year ending 12/2021. While expenses have increased by 7.1% per year over the past 7 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
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 |
|---|---|---|---|
Julie Ranum Executive Director | Officer | 40 | $124,104 |
Charles Aredlin President | Trustee | 1.5 | $0 |
Robert J Wagner Vicepresident | Trustee | 1.5 | $0 |
Dan Raderschadt Director | Trustee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $184,088 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,336 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $186,424 |
| Total Program Service Revenue | $1,086,193 |
| Investment income | $217,719 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$57,344 |
| Net Gain/Loss on Asset Sales | $24,381 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,470,336 |
| 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. | $77,199 |
| Compensation of current officers, directors, key employees. | $42,195 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $171,820 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $30,767 |
| Payroll taxes | $20,539 |
| Fees for services: Management | $0 |
| 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 | $101,938 |
| Advertising and promotion | $25,921 |
| Office expenses | $4,568 |
| Information technology | $4,965 |
| Royalties | $0 |
| Occupancy | $113,323 |
| Travel | $1,165 |
| 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 | $192,258 |
| Insurance | $36,334 |
| All other expenses | $68,304 |
| Total functional expenses | $1,469,061 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $188,310 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $34,079 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $648,344 |
| Prepaid expenses and deferred charges | $772 |
| Net Land, buildings, and equipment | $6,000,937 |
| Investments—publicly traded securities | $8,039,509 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $20,828 |
| Other assets | $12,357,421 |
| Total assets | $27,290,200 |
| Accounts payable and accrued expenses | $16,118 |
| 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 | $16,118 |
| Net assets without donor restrictions | $9,241,700 |
| Net assets with donor restrictions | $18,032,382 |
| 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 | $27,290,200 |
Endowment Analysis
| Beg. Balance | $7,960,103 |
| Earnings | $36,629 |
| Other Expense | $121,135 |
| Ending Balance | $7,875,597 |
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|---|---|---|
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Washington Pavilion Management Inc Sioux Falls, SD | $7,664,278 | $8,315,223 |
Applied Information Management Institute Omaha, NE | $8,071,442 | $4,851,557 |
Success Institute Minneapolis, MN | $1,766,984 | $4,353,040 |
Brucemore Inc Cedar Rapids, IA | $18,035,244 | $1,902,736 |
Figge Art Museum Davenport, IA | $8,061,931 | $3,020,890 |
Zeitgeist Center For Arts And Community Duluth, MN | $16,526,029 | $2,402,669 |
Seward Redesign Inc Minneapolis, MN | $17,574,323 | $2,638,078 |
Bloomington Theatre And Art Center Dba Artistry Bloomington, MN | $570,526 | $1,529,131 |
North Iowa Cultural Center And Museum Clear Lake, IA | $2,980,482 | $2,832,043 |
White Bear Center For The Arts White Bear Lake, MN | $12,963,679 | $1,298,850 |
Redlin Art Center Watertown, SD | $27,290,200 | $1,470,336 |