Florence Arts Council
- Assets
- $351.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Florence, CO
- Founding
- 01/2013
- Data as of
- 12/2021
- EIN
- 72-1616686
Organization Overview
Florence Arts Council is located in Florence, CO. The organization was established in 2013. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, 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. Florence 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 12/2021, Florence Arts Council generated $54.5k 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 (7.2%) each year. All expenses for the organization totaled $59.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynn Lemmon-Oliver President | 11 | $0 | |
Peg Piltingsrud Vice-President | 9 | $0 | |
Barbara Folger Treasurer | 13 | $0 | |
Rena Pryer Secretary | 13 | $0 | |
Barbara Smith Advertising | 9 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,806 |
| Total Program Service Revenue | $17,699 |
| Membership dues | $4,825 |
| Investment income | $55 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $9,580 |
| Other Revenue | $0 |
| Total Revenue | $54,510 |
| 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 | $4,750 |
| Occupancy, rent, utilities, and maintenance | $15,666 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $39,304 |
| Total expenses | $59,720 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $74,237 |
| Other assets | $0 |
| Total assets | $351,926 |
| Total liabilities | $750 |
| Net assets or fund balances | $351,176 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Florence Arts Council has recieved totaling $18,244.
| Awarding Organization | Amount |
|---|---|
Musser Fund Milwaukee, WI PURPOSE: GENERAL OPERATING | $10,000 |
Colorado Garden Show Inc Lakewood, CO PURPOSE: 4 NEW GARDEN BEDS | $8,164 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $80 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Applied Information Management Institute Omaha, NE | $8,071,442 | $4,851,557 |
Wichita Art Museum Inc Wichita, KS | $12,198,968 | $4,522,280 |
Mijente Support Committee Phoenix, AZ | $11,714,923 | $5,386,402 |
Mizel Center For Arts And Culture Denver, CO | $1,231,289 | $3,287,968 |
Lawrence Arts Center Inc Lawrence, KS | $4,356,263 | $3,080,758 |
Breckenridge Creative Arts Breckenridge, CO | $2,416,753 | $3,508,124 |
Seriesfest Denver, CO | $743,501 | $1,745,266 |
Sangre De Cristo Arts & Conference Center Inc Pueblo, CO | $10,967,015 | $4,351,020 |
Love Station Inc Ponca City, OK | $4,976,987 | $2,048,106 |
Mark Arts Inc Wichita, KS | $23,539,430 | $2,389,288 |
Pianos For Students Society Scottsdale, AZ | $2,398,640 | $2,853,923 |
Utah Arts Festival Foundation Inc Salt Lake City, UT | $348,898 | $1,497,242 |