Hannibal Arts Council
- Assets
- $956.0k
- Revenue
- $140.5k
- Investments
- $0.0
- Employees
- 4
- Location
- Hannibal, MO
- Founding
- 01/1976
- Data as of
- 06/2022
- EIN
- 51-0176787
Organization Overview
Hannibal Arts Council is located in Hannibal, MO. The organization was established in 1976. 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 06/2022, Hannibal Arts Council employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hannibal Arts Council 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, Hannibal Arts Council generated $140.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $139.0k during the year ending 06/2022. While expenses have increased by 5.2% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
DEVELOP APPRECIATION OF THE ARTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAMS TO FOSTER DEVELOPMENT AND APPRECIATION OF THE ARTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Gaines Executive Director | Officer | 60 | $42,211 |
Ruth Garner President | OfficerTrustee | 1 | $0 |
Ileen Levy Treasurer | OfficerTrustee | 1 | $0 |
Priscilla Mehaffy Secretary | OfficerTrustee | 1 | $0 |
Sherri Steinman 2nd Vice President | OfficerTrustee | 1 | $0 |
Patricia Garey 1st Vice-President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $42,831 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $47,925 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $90,756 |
| Total Program Service Revenue | $2,226 |
| Investment income | $9,099 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,972 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $36,435 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $140,488 |
| 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. | $42,211 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $43,956 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,845 |
| Payroll taxes | $6,319 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $338 |
| Fees for services: Other | $4,927 |
| Advertising and promotion | $4,673 |
| Office expenses | $1,907 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,755 |
| Travel | $60 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,157 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $138,951 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $350 |
| Savings and temporary cash investments | $148,765 |
| 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 | $228,371 |
| Investments—publicly traded securities | $578,492 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $955,978 |
| Accounts payable and accrued expenses | $351 |
| 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 | $0 |
| Total liabilities | $351 |
| Net assets without donor restrictions | $955,627 |
| 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 | $955,978 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hannibal Arts Council has recieved totaling $5,167.
| Awarding Organization | Amount |
|---|---|
George H Riedel Foundation Hannibal, MO PURPOSE: PROGRAM COSTS | $5,167 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Walton Arts Center Council Inc Fayetteville, AR | $96,355,253 | $44,644,953 |
Mid-America Arts Alliance Kansas City, MO | $12,444,344 | $5,873,119 |
Arts Council Of Oklahoma City Oklahoma City, OK | $5,417,646 | $3,471,903 |
Arts Memphis Memphis, TN | $27,136,198 | $4,849,435 |
Regional Cultural & Performing Arts Development Commission St Louis, MO | $5,092,606 | $4,539,915 |
Arts And Humanities Council Of Tulsa Inc Tulsa, OK | $13,547,923 | $1,595,922 |
Nebraska Humanities Council Lincoln, NE | $300,556 | $1,742,597 |
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 |
Lexarts Inc Lexington, KY | $1,309,442 | $1,460,251 |
Union For Contemporary Art Inc Omaha, NE | $4,100,351 | $2,843,847 |