Firehouse Performing Arts Center
- Assets
- $550.3k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 14
- Location
- Minneapolis, MN
- Founding
- 10/2016
- Data as of
- 12/2022
- EIN
- 81-3111512
Organization Overview
Firehouse Performing Arts Center, operating under the name The Hook & Ladder, is located in Minneapolis, MN. The organization was established in 2016. According to its NTEE Classification (A61) the organization is classified as: Performing Arts Centers, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Hook & Ladder employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hook & Ladder 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 12/2022, Hook & Ladder generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 37.5% each year . All expenses for the organization totaled $1.1m during the year ending 12/2022. 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
SEE SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FIREHOUSE PERFORMING ARTS CENTER (FPAC) OPERATES MULTIPLE UNIQUE STAGES (THE HOOK & LADDER THEATER, THE MISSION ROOM AND THE AWARD-WINNING OUTDOOR MAY-OCTOBER CONCERT SERIES UNDER THE CANOPY) IN A REPURPOSED FIREHOUSE THAT PROVIDES SAFE-SPACE FOR MN ARTISTS TO DEVELOP THEIR SKILLS. FPAC ALSO WORKS WITH ARTISTS TO DEVELOP AN AUDIENCE AND PROVIDES IMPORTANT REVENUE GENERATING PERFORMANCE OPPORTUNITIES IN A WIDE VARIETY OF DISCIPLINES (FROM MUSIC, DANCE AND LITERARY ARTS TO THEATER, FASHION AND CULINARY) AND FOR A VARIETY OF EXPERIENCE LEVELS. FPAC ALSO STRIVES TO PROVIDE A PLATFORM FOR THE MARGINALIZED VOICES IN OUR COMMUNITY AND PROVIDES SPACE FOR A VARIETY OF GATHERINGS, ENGAGEMENTS AND NON-PROFIT FUNDRAISING ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristine Smith Board Chair | OfficerTrustee | 5 | $0 |
Carl Schllueter Vice Chair | OfficerTrustee | 3 | $0 |
Robert Deboer Treasurer | OfficerTrustee | 3 | $0 |
Steve Krocak Secretary | OfficerTrustee | 3 | $0 |
Mary Lies Director | Trustee | 2 | $0 |
Robert Twobulls Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $48,120 |
| All other contributions, gifts, grants, and similar amounts not included above | $153,585 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $201,705 |
| Total Program Service Revenue | $453,854 |
| Investment income | $19 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $76,632 |
| 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 | $284,665 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,016,875 |
| 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. | $65,036 |
| Compensation of current officers, directors, key employees. | $32,518 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $176,818 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $35,542 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,460 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $507,414 |
| Advertising and promotion | $0 |
| Office expenses | $11,178 |
| Information technology | $12,718 |
| Royalties | $0 |
| Occupancy | $105,771 |
| Travel | $3,110 |
| 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 | $15,965 |
| Insurance | $10,327 |
| All other expenses | $0 |
| Total functional expenses | $1,085,746 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $395,847 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $9,712 |
| 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 | $0 |
| Net Land, buildings, and equipment | $26,019 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $118,715 |
| Total assets | $550,293 |
| Accounts payable and accrued expenses | $58,707 |
| Grants payable | $0 |
| Deferred revenue | $32,428 |
| 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 | $140,875 |
| Total liabilities | $232,010 |
| Net assets without donor restrictions | $318,283 |
| 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 | $550,293 |