Armory Arts And Music Center
- Assets
- $4.3m
- Revenue
- $548.2k
- Investments
- $0.0
- Employees
- 3
- Location
- Duluth, MN
- Founding
- 05/2002
- Data as of
- 12/2022
- EIN
- 68-0497248
Organization Overview
Armory Arts And Music Center is located in Duluth, MN. The organization was established in 2002. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Armory Arts And Music Center employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Armory Arts And Music Center 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 12/2022, Armory Arts And Music Center generated $548.2k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.2% each year . All expenses for the organization totaled $151.8k during the year ending 12/2022. While expenses have increased by 1.5% per year over the past 6 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
TO PRESERVE THE DULUTH ARMORY AND ITS HISTORIC VALUE TO AMERICAN CULTURE AND THE ARTS, WHILE ENCOURAGING ITS REUSE, PLACING EMPHASIS ON ARTS & EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE AAMC OPERATES THE MUSIC RESOURCE CENTER, AN AFTER-SCHOOL MUSIC PROGRAM FOR TEENAGERS IN THE DULUTH SUPERIOR AREA. THE MISSION IS TO EDUCATE AND INSPIRE YOUNG PEOPLE, AND THROUGH MUSIC EQUIP THEM WITH LIFE SKILLS FOR THE FUTURE. WE ACCOMPLISH THIS MISSION THROUGH MUSIC EDUCATION AND PERFORMANCE OPPORTUNITIES, AS WELL AS LIFE SKILL MENTORING. THE MRC, NOW IN ITS 13TH YEAR OF OPERATION, HAS RECEIVED THREE GRANTS TO ALLOW THE AMRC TO HIRE A FULL TIME PROGRAM DIRECTOR. THE GOAL IS TO BE OPEN ONCE AGAIN IN-PERSON IN 2023.
THE AAMC CONTINUES TO FURTHER THE ARTS PORTION OF OUR MISSION BY PROVIDING AFFORDABLE ARTIST STUDIO SPACES AT THE AMORY ANNEX ART STUDIOS IMMEDIATELY ADJACENT TO THE HISTORIC ARMORY. THE ARTISTS CURRENTLY AT THE ANNEX INCLUDE BLACKSMITHS, PAINTER, VISUAL ARTIST, SEVERAL JEWELERS AND A PIANO REPAIR WORKSHOP. THE GOAL WILL BE TO RELOCATE THESE ARTISTS, AND MORE TO THE ARMORY ONCE IT IS REHABILITATED.
THE ARMORY ARTS AND MUSIC CENTER (AAMC) HAD A GOOD YEAR IN 2022 TOWARDS ITS VISION OF CREATING A MIXED-USE PROJECT IN THE ARMORY, CENTERED AROUND A PUBLIC MARKET/FOOD HALL IN THE DRILL HALL, AND INCLUDING A SHARED USE COMMERCIAL KITCHEN. THE AAMC WAS AWARDED A $672,000 MINNESOTA DEPARTMENT OF ECONOMIC DEVELOPMENT GRANT FOR REMOVAL OF HAZARDOUS MATERIALS FROM THE ARMORY. RECEIVED A $250,000 GRANT FROM THE MINNESOTA HISTORICAL SOCIETY FOR PARTIAL REROOFING OF THE ARMORY. HELD A COMMUNITY KITCHEN INFORMATIONAL MEETING THAT WAS ATTENDED BY 56 CITY AND COMMUNITY LEADERS DEMONSTRATING THE NEED AND ENTHUSIASM FOR THE FACILITY. APPLIED FOR A $750,000 MINNESOTA DEED MAIN STREET GRANT, WHICH WAS AWARDED IN JANUARY. 2023. CONTINUED TO WORK WITH DEVELOPER SHERMAN AND ASSOCIATES ON THE DESIGN, FUNDING, AND REDEVELOPMENT OF THE ARMORY PROJECT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Poirer Executive Director | Officer | 40 | $50,000 |
Susan Phillips Board Member | Trustee | 1 | $0 |
Nelson French Board Member | Trustee | 5 | $0 |
Roger Reinert Board Member | Trustee | 1 | $0 |
Zane Bail Board Member | Trustee | 1 | $0 |
Robert Hewitt Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $275,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $236,298 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $511,298 |
| Total Program Service Revenue | $50 |
| Investment income | $932 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $10,958 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $548,238 |
| 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. | $52,083 |
| Compensation of current officers, directors, key employees. | $17,583 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,152 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,780 |
| Payroll taxes | $4,021 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,152 |
| Fees for services: Accounting | $500 |
| Fees for services: Lobbying | $19,956 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $40,077 |
| Advertising and promotion | $547 |
| Office expenses | $4,445 |
| Information technology | $3,182 |
| Royalties | $0 |
| Occupancy | $8,900 |
| Travel | $58 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,346 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,625 |
| All other expenses | $0 |
| Total functional expenses | $151,824 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $175,004 |
| Savings and temporary cash investments | $47,550 |
| Pledges and grants receivable | $258,000 |
| Accounts receivable, net | $6,654 |
| 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 | $1,799,447 |
| Investments—publicly traded securities | $187,442 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,776,488 |
| Total assets | $4,250,585 |
| Accounts payable and accrued expenses | $8,150 |
| 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 | $8,150 |
| Net assets without donor restrictions | $4,242,435 |
| 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 | $4,250,585 |