Performing Arts & Education Association Of Southwest Iowa Inc
- Assets
- $8.6m
- Revenue
- $272.2k
- Investments
- $0.0
- Employees
- 4
- Location
- Red Oak, IA
- Founding
- 08/2003
- Data as of
- 07/2022
- EIN
- 75-3123674
Organization Overview
Performing Arts & Education Association Of Southwest Iowa Inc is located in Red Oak, IA. The organization was established in 2003. 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 07/2022, Performing Arts & Education Association Of Southwest Iowa Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Performing Arts & Education Association Of Southwest Iowa Inc 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 07/2022, Performing Arts & Education Association Of Southwest Iowa Inc generated $272.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $419.7k during the year ending 07/2022. As we would expect to see with falling revenues, expenses have declined by (1.6%) per year over the past 7 years. 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 DEVELOP OPPORTUNITIES FOR THE COMMUNITY TO EXPERIENCE ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACHEIVEMENTS INCLUDE ARTS EDUCATION & ENTERTAINMENT IN AN 8 COUNTY REGION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Orme Treasurer | OfficerTrustee | 1 | $0 |
Julie Rubey President | OfficerTrustee | 1 | $0 |
Cynthia Bangston Secretary | OfficerTrustee | 1 | $0 |
Ken Hindman Vice President | OfficerTrustee | 1 | $0 |
Terra Marsden Director | Trustee | 1 | $0 |
Randy Orme Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $30,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $72,440 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $102,940 |
| Total Program Service Revenue | $63,028 |
| Investment income | $80,973 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,420 |
| 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 | $200 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $272,178 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $51,333 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,553 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $685 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $43,386 |
| Office expenses | $5,671 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,113 |
| 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 | $148,807 |
| Insurance | $13,418 |
| All other expenses | $31,721 |
| Total functional expenses | $419,713 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $611,172 |
| Savings and temporary cash investments | $4,219,716 |
| 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 | $13,831 |
| Net Land, buildings, and equipment | $3,736,043 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,580,762 |
| Accounts payable and accrued expenses | $20,232 |
| 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 | $20,232 |
| Net assets without donor restrictions | $0 |
| 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 | $8,560,530 |
| Total liabilities and net assets/fund balances | $8,580,762 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Performing Arts & Education Association Of Southwest Iowa Inc has recieved totaling $34.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $34 |
Endowment Analysis
| Beg. Balance | $3,600,000 |
| Ending Balance | $3,600,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ravinia Festival Association Highland Park, IL | $230,171,878 | $43,242,885 |
Omaha Performing Arts Society Omaha, NE | $32,168,813 | $11,794,799 |
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 |
Hoogland Center For The Arts Inc Springfield, IL | $6,969,049 | $1,022,079 |
The Cedar Cultural Center Inc Minneapolis, MN | $2,037,241 | $1,717,061 |
Kuumba Lynx Chicago, IL | $1,227,292 | $991,440 |
Natya Dance Theatre Oakbrook, IL | $1,497,460 | $845,551 |