Performing Arts & Education Association Of Southwest Iowa Inc
- Assets
- $8.4m
- Revenue
- $269.5k
- Investments
- $0.0
- Employees
- 5
- Location
- Red Oak, IA
- Founding
- 08/2003
- Data as of
- 07/2023
- 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 07/2023, Performing Arts & Education Association Of Southwest Iowa Inc employed 5 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 07/2023, Performing Arts & Education Association Of Southwest Iowa Inc generated $269.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $481.5k during the year ending 07/2023. 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
2023
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 |
|---|---|---|---|
Laura Laprell Director | Trustee | 1 | $0 |
Marj Schierkolk Director | Trustee | 1 | $0 |
Jason Orme Treasurer | OfficerTrustee | 1 | $0 |
Sara Orme Director | Trustee | 1 | $0 |
Elliot Smith Director | Trustee | 1 | $0 |
Ashleigh Smith Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,122 |
| All other contributions, gifts, grants, and similar amounts not included above | $55,868 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $61,990 |
| Total Program Service Revenue | $80,809 |
| Investment income | $122,700 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,400 |
| 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 | $1,224 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $269,538 |
| 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 | $101,273 |
| Pension plan accruals and contributions | $2,388 |
| Other employee benefits | $0 |
| Payroll taxes | $8,753 |
| 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 | $15,335 |
| Office expenses | $6,451 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $26,611 |
| 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 | $152,191 |
| Insurance | $17,251 |
| All other expenses | $59,441 |
| Total functional expenses | $481,505 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,890 |
| Savings and temporary cash investments | $4,731,643 |
| 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 | $6,472 |
| Net Land, buildings, and equipment | $3,626,530 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,398,535 |
| Accounts payable and accrued expenses | $49,972 |
| 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 | $49,972 |
| 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 | $8,348,563 |
| Total liabilities and net assets/fund balances | $8,398,535 |