Borealis Art Guild
- Assets
- $224.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Hibbing, MN
- Founding
- 04/2015
- Data as of
- 03/2022
- EIN
- 47-3541299
Organization Overview
Borealis Art Guild is located in Hibbing, 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Borealis Art Guild 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 03/2022, Borealis Art Guild generated $18.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (45.5%) each year. All expenses for the organization totaled $8.3k during the year ending 03/2022. As we would expect to see with falling revenues, expenses have declined by (62.0%) per year over the past 2 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
FOSTERING AND GROWING PUBLIC AND ARTISTSINTEREST IN ART DISPLAY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George D Andria Co-President/treasurer | 15 | $0 | |
Georgia L Andria Co-President | 10 | $0 | |
Adrian Tague Director | 0.5 | $0 | |
Linda Nyquist Director | 0.5 | $0 | |
Karen Lorenz Director | 0.5 | $0 | |
Floyd Gorman Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,505 |
| Total Program Service Revenue | $9,814 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $18,319 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $4,341 |
| Professional fees and other payments to independent contractors | $675 |
| Occupancy, rent, utilities, and maintenance | $799 |
| Printing, publications, postage, and shipping | $10 |
| Other expenses | $2,522 |
| Total expenses | $8,347 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $11,622 |
| Other assets | $0 |
| Total assets | $224,720 |
| Total liabilities | $3,763 |
| Net assets or fund balances | $220,957 |