Empire Arts Center
- Assets
- $743.2k
- Revenue
- $445.1k
- Investments
- $0.0
- Employees
- 8
- Location
- Grand Forks, ND
- Founding
- 08/2002
- Data as of
- 06/2023
- EIN
- 80-0033363
Organization Overview
Empire Arts Center is located in Grand Forks, ND. The organization was established in 2002. According to its NTEE Classification (A26) the organization is classified as: Arts & Humanities Councils & Agencies, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, Empire Arts Center employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Empire Arts 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 06/2023, Empire Arts Center generated $445.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $525.4k during the year ending 06/2023. While expenses have increased by 4.1% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE CULTURAL ACTIVITIES FOR THE COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ADVANCEMENT AND PROMOTION OF THE VISUAL AND PERFORMING ARTS IN THE COMMUNITY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Becca Baumbach President | OfficerTrustee | 2 | $0 |
Mark Schill Vice President | OfficerTrustee | 2 | $0 |
Julie Rygg Secretary | OfficerTrustee | 2 | $0 |
Bryan Scholler Treasurer | OfficerTrustee | 2 | $0 |
Donna Smith Immediate Past President | Trustee | 1 | $0 |
Hal Gershman Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $18,265 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $109,116 |
| Noncash contributions included in lines 1a–1f | $1,670 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $127,381 |
| Total Program Service Revenue | $224,535 |
| Investment income | $3,436 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $64,748 |
| Net Gain/Loss on Asset Sales | $309 |
| Net Income from Fundraising Events | $12,621 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $10,791 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $445,124 |
| 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. | $53,866 |
| Compensation of current officers, directors, key employees. | $32,320 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $70,829 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,220 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,022 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,960 |
| Fees for services: Other | $1,630 |
| Advertising and promotion | $422 |
| Office expenses | $3,893 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $53,198 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $216 |
| Interest | $419 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $81,412 |
| Insurance | $10,350 |
| All other expenses | $522 |
| Total functional expenses | $525,430 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,583 |
| Savings and temporary cash investments | $38,181 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,190 |
| 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 | $3,421 |
| Net Land, buildings, and equipment | $533,728 |
| Investments—publicly traded securities | $134,116 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $743,219 |
| Accounts payable and accrued expenses | $630 |
| Grants payable | $0 |
| Deferred revenue | $7,200 |
| 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 | $36,435 |
| Other liabilities | $0 |
| Total liabilities | $44,265 |
| Net assets without donor restrictions | $698,954 |
| 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 | $743,219 |