Fremont Area Art Assn Inc
- Assets
- $1.1m
- Revenue
- $168.6k
- Investments
- $0.0
- Employees
- 3
- Location
- Fremont, NE
- Founding
- 07/1979
- Data as of
- 08/2021
- EIN
- 47-0615932
Organization Overview
Fremont Area Art Assn Inc is located in Fremont, NE. The organization was established in 1979. 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. As of 08/2021, Fremont Area Art Assn Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fremont Area Art Assn 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 08/2021, Fremont Area Art Assn Inc generated $168.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $114.5k during the year ending 08/2021. While expenses have increased by 4.6% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
FACILITATE OPPORTUNITIES FOR AND APPRECIATION OF ART
Describe the Organization's Program Activity:
Part 3 - Line 4a
FACILITATE OPPORTUNITIES FOR AND APPRECIATION OF ART
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Lubker President | OfficerTrustee | 0 | $0 |
Cathy Saeger President Elect | OfficerTrustee | 0 | $0 |
Marcia Fouraker Secretary | OfficerTrustee | 0 | $0 |
Kate Mullen Treasurer | OfficerTrustee | 0 | $0 |
Kitty Hoden Director | Trustee | 0 | $0 |
Lynn Albright Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $39,650 |
| All other contributions, gifts, grants, and similar amounts not included above | $38,251 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $77,901 |
| Total Program Service Revenue | $57,522 |
| Investment income | $31,999 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,198 |
| 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 | $168,620 |
| 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 | $45,720 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,546 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $196 |
| Office expenses | $5,298 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,762 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $13 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,785 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $114,456 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $76,211 |
| Savings and temporary cash investments | $382,100 |
| 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 | $662,607 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,120,918 |
| 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 | $186,998 |
| Total liabilities | $186,998 |
| Net assets without donor restrictions | $933,920 |
| 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 | $1,120,918 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Fremont Area Art Assn Inc has recieved totaling $5,015.
| Awarding Organization | Amount |
|---|---|
Debby Durham Family Foundation Omaha, NE PURPOSE: GENERAL OPERATING FUNDS | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $15 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Western States Arts Federation Denver, CO | $9,116,686 | $6,773,845 |
Mid-America Arts Alliance Kansas City, MO | $12,444,344 | $5,873,119 |
Regional Cultural & Performing Arts Development Commission St Louis, MO | $5,092,606 | $4,539,915 |
Nebraska Humanities Council Lincoln, NE | $300,556 | $1,742,597 |
Loveland High Plains Arts Council Inc Loveland, CO | $824,395 | $2,062,390 |
Arts & Education Council Of Greater St Louis St Louis, MO | $3,607,788 | $2,239,386 |
Metropolitan Arts Council Of Greater Kansas City Kansas City, MO | $1,490,400 | $2,232,014 |
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 |
Carbondale Arts Carbondale, CO | $1,686,632 | $896,184 |
Center For The Arts Evergreen Inc Evergreen, CO | $2,992,838 | $1,152,222 |
Arts Engagement Foundation Of Kansas City Kansas City, MO | $233,630 | $461,248 |