Borealis Art Guild
- Assets
- $73.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Hibbing, MN
- Founding
- 04/2015
- 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 undefined, Borealis Art Guild generated $61.8k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 33.0% each year . All expenses for the organization totaled $57.8k during the year ending undefined. While expenses have increased by 23.4% per year over the past 4 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.
Limited Data Available: This organization filed their most recent 990 in paper format. This filing methodology limits the information that can be extracted from the filing.Limited Data Available: This organization is one of the few in our database that filed their most recent 990 with the IRS in paper format. This filing methodology limits the information that can be extracted from the filing. This will, however, be changing soon; The IRS now requires all organizations to file their 990s electronically.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,365 |
| Total Program Service Revenue | $24,675 |
| Membership dues | $1,731 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $61,773 |
| Statement of Expenses | |
|---|---|
| Total expenses | $57,828 |
| Balance Sheet | |
|---|---|
| Total assets | $73,464 |
| Total liabilities | $5,620 |
| Net assets or fund balances | $67,844 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Borealis Art Guild has recieved totaling $2,882.
| Awarding Organization | Amount |
|---|---|
Owens Family Charitable Foundation Wilmington, DE PURPOSE: THE BOREALIS ART GUILD REOPENING FUND | $2,882 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Black Box Fund Inc Milwaukee, WI | $171,697 | $660,563 |