Armory Arts And Music Center
- Assets
- $3.8m
- Revenue
- $198.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Duluth, MN
- Founding
- 05/2002
- Data as of
- 12/2021
- 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 12/2021, Armory Arts And Music Center employed 2 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 12/2021, Armory Arts And Music Center generated $198.5k 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 (3.8%) each year. All expenses for the organization totaled $143.5k during the year ending 12/2021. 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
2021
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 OPENING OF THE 11TH YEAR OF THE MRC IS CURRENTLY PROVIDING ONE-ON-ONE LESSONS ONLINE TO YOUTH DUE TO THE PANDEMIC. THE MRC IS LOOKING FORWARD TO REOPENING IN PERSON TOWARDS THE END OF 2022 OR THE BEGINNING OF 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) TOOK SEVERAL BIG STEPS FORWARD IN 2021 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. A NUMBER OF STUDIES WERE COMPLETED TOWARDS THE GOAL OF ASSESSING POTENTIAL COSTS AND VIABILITY OF THE PROJECT. THESE INCLUDED: * PHASE 1 ENVIRONMENTAL SITE ASSESSMENT - BARR ENGINEERING, MARCH 2021 * BUILDING MATERIAL MANAGEMENT PLAN - BARR ENGINEERING, AUGUST 26, 2001 * MARKET STUDY FOR A SHARED USE COMMERCIAL KITCHEN - HTB PROJECT NAVIGATION, AUGUST 10, 2021 * MARKET & FINANCIAL FEASIBILITY STUDY FOR THE HISTORIC DULUTH ARMORY - F.I. SALTER, JULY 28, 2021 ALL OF THESE STUDIES WERE FUNDED BY AN EPA GRANT TO THE CITY OF DULUTH FOR THE AAMC. THE AAMC ALSO SECURED A PREDEVELOPMENT LOAN FROM LISC (LOCAL INITIATIVE SUPPORT CORPORATION) IN 2021 TO COVER PREDEVELOPMENT COSTS SUCH AS ARCHITECTURAL AND ENGINEERING WORK, LEGAL ASSISTANCE, AND ACCOUNTING EXPERTISE. IN DECEMBER OF 2021 THE AAMC WAS THRILLED TO ANNOUNCE THAT WE WILL BE WORKING WITH WELL-RESPECTED REGIONAL DEVELOPER SHERMAN ASSOCIATES ON THE REDEVELOPMENT OF THE ARMORY PROJECT.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Poirer Executive Director | Officer | 40 | $50,000 |
Mike Poupoure Vice President | Officer | 2 | $0 |
Carolyn Sundquist President | Officer | 2 | $0 |
Mary Ostman Treasurer | Officer | 2 | $0 |
Susan Phillips Board Member | Trustee | 1 | $0 |
Nelson French Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $14,735 |
| All other contributions, gifts, grants, and similar amounts not included above | $164,928 |
| Noncash contributions included in lines 1a–1f | $43,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $179,663 |
| Total Program Service Revenue | $1,140 |
| Investment income | $828 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $13,307 |
| 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 | $198,495 |
| 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. | $50,000 |
| Compensation of current officers, directors, key employees. | $10,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,585 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,281 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $750 |
| Fees for services: Accounting | $845 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $59,230 |
| Advertising and promotion | $3,324 |
| Office expenses | $6,130 |
| Information technology | $2,506 |
| Royalties | $0 |
| Occupancy | $7,078 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $5,748 |
| All other expenses | $0 |
| Total functional expenses | $143,477 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,544 |
| Savings and temporary cash investments | $47,472 |
| Pledges and grants receivable | $5,467 |
| Accounts receivable, net | $10,232 |
| 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 | -$2,936 |
| Net Land, buildings, and equipment | $1,799,447 |
| Investments—publicly traded securities | $186,764 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,750,569 |
| Total assets | $3,849,559 |
| Accounts payable and accrued expenses | $6,619 |
| 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 | $6,619 |
| Net assets without donor restrictions | $3,710,440 |
| Net assets with donor restrictions | $132,500 |
| 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 | $3,849,559 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Armory Arts And Music Center has recieved totaling $100,007.
| Awarding Organization | Amount |
|---|---|
Hegardt Foundation Minneapolis, MN PURPOSE: GENERAL OPERATING | $100,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $7 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Springboard For The Arts Saint Paul, MN | $11,189,893 | $6,226,382 |
Irish Festivals Inc Wauwatosa, WI | $3,948,548 | $3,527,102 |
Penumbra Theatre Company Inc St Paul, MN | $11,072,613 | $11,767,246 |
Vermillion Development Company Vermillion, SD | $13,347,571 | $1,278,713 |
Great River Educational Arts Theatre Waite Park, MN | $2,124,043 | $1,298,564 |
Thelma Sadoff Center For The Arts Inc Fond Du Lac, WI | $5,501,310 | $863,155 |
The Cedar Cultural Center Inc Minneapolis, MN | $2,037,241 | $1,717,061 |
The Fitzgerald Theater Company St Paul, MN | $560 | $643,988 |
Echo Ministries Inc St Paul, MN | $978,838 | $1,341,066 |
Schauer Arts And Activities Center Inc Hartford, WI | $3,085,961 | $949,170 |
Fargo Theatre Management Corporation Fargo, ND | $1,892,050 | $869,304 |
Gatherings On The Green Inc Thiensville, WI | $404,938 | $799,351 |