Midvale Arts Council Inc
- Assets
- $211.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Midvale, UT
- Founding
- 05/2013
- Data as of
- 12/2023
- EIN
- 46-0562853
Organization Overview
Midvale Arts Council Inc is located in Midvale, UT. The organization was established in 2013. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, 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. Midvale Arts Council Inc 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, Midvale Arts Council Inc generated $86.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.9%) each year. All expenses for the organization totaled $65.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (11.1%) per year over the past 7 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
WE STRIVE TO MAKE THE ARTS AND CULTURE AVAILABLE TO EVERY CITIZEN OF MIDVALE DESPITE THEIR SOCIOECONOMIC STATUS, WE PROVIDE CONCERTS AND THEATER PRODUCTIONS IN MIDVALE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wade Walker Board Chairm | 2 | $0 | |
Bob Bedore Vice Chairma | 1 | $0 | |
Bryant Brown City Liason | 1 | $0 | |
Stephanie Johnson Treasurer | 4 | $5,990 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $60,201 |
| Total Program Service Revenue | $26,178 |
| Membership dues | $0 |
| Investment income | $367 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $86,746 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $6,484 |
| Professional fees and other payments to independent contractors | $3,746 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $54,800 |
| Total expenses | $65,030 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $142,114 |
| Other assets | $0 |
| Total assets | $211,532 |
| Total liabilities | $865 |
| Net assets or fund balances | $210,667 |