Art Works Eagan
- Assets
- $1.2m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Eagan, MN
- Founding
- 09/2016
- Data as of
- 12/2023
- EIN
- 81-1235374
Organization Overview
Art Works Eagan is located in Eagan, MN. The organization was established in 2016. According to its NTEE Classification (A25) the organization is classified as: Arts Education, 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. Art Works Eagan 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 12/2023, Art Works Eagan generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 37.1% each year . All expenses for the organization totaled $187.2k during the year ending 12/2023. While expenses have increased by 13.2% per year over the past 7 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
TO ENHANCE THE LOCAL ARTS COMMUNITY BY CONNECTING WORKING ARTISTS, ART ORGANIZATIONS & THE COMMUNITY IN CREATIVE GATHERING SPACES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
2023 PROGRAMS & ACTIVITIES INCLUDED:JAN-01-2023 TO FEB-07-2023 EXHIBIT: CLING - SOMETHING IMPORTANT MADE LARGEMAR-05-2023 TO MAY-19-2023 EXHIBIT: THE 6TH ANNUAL MEMBER/SUPPORTER SHOWJAN-2023 TO APR-2023: FIGURE DRAWING CO-OP MAR-2023: CO-HOST KICK START ROTARY COMEDY NIGHTOCT-2023 & NOV-2023: GARAGE SALE EVENTSIN ADDITION ART WORKS HOSTED APPROXIMATELY 200 HOURS OF VARIOUS COMMUNITY MEETINGS, ART OPENINGS, BIRTHDAY PARTIES, DANCE CLASSES, COMMUNITY BOARD MEETINGS & EVENTS. THESE SERVED APPROXIMATELY 800 PEOPLE.VOLUNTEERS PUT IN OVER 1000 HOURS THIS YEAR DOING BUILDING CLEANUP & REPAIR, GALLERY INSTALLATIONS, BOARD MEETINGS ETC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wanda Borman Secretary | OfficerTrustee | 20 | $24,300 |
Caitlin Dowling Director | Trustee | 25 | $24,300 |
Jordan Bongaarts President | OfficerTrustee | 3 | $0 |
Laurie Hunt Treasurer | OfficerTrustee | 5 | $0 |
Jeff Sooy Director | Trustee | 3 | $0 |
John Huisman Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,137 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,137 |
| Total Program Service Revenue | $55,728 |
| Investment income | $5,245 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,079,865 |
| Net Income from Fundraising Events | $2,739 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,198,411 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,000 |
| 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. | $48,600 |
| Compensation of current officers, directors, key employees. | $48,600 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,985 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $25,725 |
| Advertising and promotion | $822 |
| Office expenses | $2,758 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $52,515 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $16,303 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,265 |
| Insurance | $5,665 |
| All other expenses | $0 |
| Total functional expenses | $187,156 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,170,085 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $43 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,170,128 |
| Accounts payable and accrued expenses | $1,200 |
| 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 | $1,200 |
| Net assets without donor restrictions | $1,157,928 |
| Net assets with donor restrictions | $11,000 |
| 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 | $1,170,128 |