Friends Of The Bowlus Inc
- Assets
- $154.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Iola, KS
- Founding
- 12/1997
- Data as of
- 06/2023
- EIN
- 48-1113679
Organization Overview
Friends Of The Bowlus Inc is located in Iola, KS. The organization was established in 1997. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., 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. Friends Of The Bowlus 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 06/2023, Friends Of The Bowlus Inc generated $21.7k 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 (15.2%) each year. All expenses for the organization totaled $19.9k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (32.8%) 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
THE FRIENDS OF THE BOWLUS, INC. WAS FORMED TO PROMOTE AND FOSTER THE PURPOSES OF THE THOMAS H. BOWLUS TRUST AND THE THOMAS H. BOWLUS FINE ARTS AND CULTURAL CENTER, AND TO CREATE A FUND TO USE FOR ANY PROGRAM, PROJECT, OR ENTERPRISE UNDERTAKEN IN THE INTEREST OF THE THOMAS H. BOWLUS FINE ARTS CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jan Knewtson President | 1 | $0 | |
Diana Asher Vice Preside | 1 | $0 | |
Carol Olson Secretary | 1 | $0 | |
Rita Berntsen Treasurer | 1 | $0 | |
Tom Strickler Director | 1 | $0 | |
Mary Ann Regehr Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,355 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $3,043 |
| Gain or Loss | $1,345 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $21,743 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,079 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $60 |
| Other expenses | $18,793 |
| Total expenses | $19,932 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $154,119 |
| Other assets | $0 |
| Total assets | $154,119 |
| Total liabilities | $0 |
| Net assets or fund balances | $154,119 |
Grants Awarded
Over the last fiscal year, Friends Of The Bowlus Inc has awarded $41,147 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BOWLUS FINE ARTS CENTER PURPOSE: OPERATIONS FUNDING | $8,000 |
BOWLUS FINE ARTS CENTER PURPOSE: CAPITAL IMPROVEMENTS | $33,147 |