Owatonna Arts Center Foundation
- Assets
- $172.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Owatonna, MN
- Founding
- 06/2003
- Data as of
- 08/2023
- EIN
- 55-0834856
Organization Overview
Owatonna Arts Center Foundation is located in Owatonna, MN. The organization was established in 2003. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, 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. Owatonna Arts Center Foundation 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 08/2023, Owatonna Arts Center Foundation generated $51.1k 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 (6.1%) each year. All expenses for the organization totaled $37.1k during the year ending 08/2023. 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
PROVIDE FINANCIAL SUPPORT TO THE OWATONNA ARTS CENTER TO ALLOW IT TO PURSUE ITS MISSION IN THE OWATONNA COMMUNITY AND SURROUNDING AREA.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Effertz Chair | 0.01 | $0 | |
Catherine Brown Furness Vice Chair | 0.01 | $0 | |
Gregg Draeger Treasurer | 0.01 | $0 | |
James Brunner Trustee | 0.01 | $0 | |
Roger Benjamin Trustee | 0.01 | $0 | |
Cj Braser Trustee | 0.01 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $50,861 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $202 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $51,063 |
| 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 | $1,890 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $37,140 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $172,943 |
| Other assets | $0 |
| Total assets | $172,943 |
| Total liabilities | $0 |
| Net assets or fund balances | $172,943 |