Arts Nest
- Assets
- $279.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 16
- Location
- Minneapolis, MN
- Founding
- 10/2015
- Data as of
- 06/2022
- EIN
- 47-1496714
Organization Overview
Arts Nest is located in Minneapolis, MN. The organization was established in 2015. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Arts Nest employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arts Nest 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 06/2022, Arts Nest generated $107.6k 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 (5.1%) each year. All expenses for the organization totaled $146.1k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.9%) 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
2022
Describe the Organization's Program Activity:
Part 3
0
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jenna Papke Treasurer | OfficerTrustee | 25 | $30,000 |
Laura Delventhal President | OfficerTrustee | 3 | $0 |
Samuel Graber Treasurer | OfficerTrustee | 3 | $0 |
Eric Cohen Director | Trustee | 3 | $0 |
Alayna Barnes Director | Trustee | 3 | $0 |
Rachel Parker Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,345 |
| Total Program Service Revenue | $66,068 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $107,594 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $42,787 |
| Professional fees and other payments to independent contractors | $20,524 |
| Occupancy, rent, utilities, and maintenance | $66,550 |
| Printing, publications, postage, and shipping | $20 |
| Other expenses | $16,220 |
| Total expenses | $146,101 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $66,357 |
| Other assets | $0 |
| Total assets | $279,592 |
| Total liabilities | $0 |
| Net assets or fund balances | $279,592 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Arts Nest has recieved totaling $10.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $10 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Macphail Center For Music Minneapolis, MN | $35,895,025 | $13,629,957 |
Northern Clay Center Minneapolis, MN | $4,214,446 | $1,584,059 |
Wisconsin Foundaton For Educational Administration Inc Madison, WI | $1,928,269 | $1,830,497 |
Compas Inc Saint Paul, MN | $901,341 | $1,622,241 |
Lundstrum Center For The Performing Arts Minneapolis, MN | $4,589,030 | $3,242,300 |
Minnetonka Center For The Arts Wayzata, MN | $4,918,797 | $1,090,621 |
Highpoint Center For Printmaking Minneapolis, MN | $3,433,299 | $1,165,145 |
Upstream Arts Minneapolis, MN | $767,921 | $982,473 |
International Music Camp Inc Minot, ND | $1,150,224 | $1,047,547 |
Foci Minnesota Center For Glass Arts Minneapolis, MN | $1,347,275 | $707,574 |
Lynden Inc River Hills, WI | $1,031,595 | $1,460,149 |
Creative Adventure Lab Inc Dubuque, IA | $790,548 | $976,399 |