Storyark
- Assets
- $75.2k
- Revenue
- $250.5k
- Investments
- $0.0
- Employees
- 32
- Location
- Minneapolis, MN
- Founding
- 11/2016
- Data as of
- 06/2023
- EIN
- 81-3780329
Organization Overview
Storyark is located in Minneapolis, 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. As of 06/2023, Storyark employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Storyark 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, Storyark generated $250.5k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 21.9% each year . All expenses for the organization totaled $315.0k during the year ending 06/2023. While expenses have increased by 31.4% per year over the past 5 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
STORYARK PROVIDES A VARIETY OF CREATIVE PROGRAMMING FOR YOUTH, ALLOWING THEM TO TELL THEIR STORY THROUGH THEIR CHOSEN MEDIUM - WHETHER THAT BE A NOVEL, POETRY, FILM, SONG, PODCAST OR ANYTHING ELSE THEY CAN DREAM UP. STUDENT INSPIRED, RELATIONSHIP DRIVEN, COMMUNITY SUPPORTED, AND INTER- GENERATIONAL IN ITS LEADERSHIP, STORYARK PROVIDES A SAFE PLACE FOR STUDENTS TO CHALLENGE THEMSELVES, SPARK THEIR IMAGINATIONS AND LEARN ABOUT THE ART OF STORYTELLING. THROUGH STORYARK, STUDENTS IN GRADES SIX THROUGH TWELVE PURSUE THEIR PASSION FOR STORYTELLING THROUGH CLASSES, WORKSHOPS, WRITING CLUBS AND A LITERARY JOURNAL WHILE DEVELOPING COMMUNICATION, COLLABORATION AND LEADERSHIP SKILLS
Describe the Organization's Program Activity:
Part 3 - Line 4a
1. PROVIDE EDUCATIONAL OPPORTUNITIES, TRAINING, AND MENTORSHIP REGARDING THE ART OF STORYTELLING. 2. PROVIDE AN OPPORTUNITY TO DEVELOP THE ART OF STORYTELLING WITHIN AND BETWEEN DIVERSE COMMUNITIES. 3. SUPPORT THE ART OF STORYTELLING TO LOCAL COMMUNITIES THROUGH VARIOUS MEDIUMS BY ENABLING PLATFORMS THAT PROVIDE AN OPPORTUNITY FOR STORIES TO BE HEARD. 4. PROVIDE FACILITIES, ADMINISTRATIVE SERVICES, COORDINATION, FACILITATION AND OTHER SUPPORT FUNCTIONS TO CARRY OUT THE OPERATIONS TO INDIVIDUALS AND ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephani Atkins Executive Di | Officer | 20 | $58,947 |
Dan Ajak Board Chair | OfficerTrustee | 0.5 | $0 |
Maria-Renee Grigsby Board Member | Trustee | 0.5 | $0 |
Kim Gualtieri Treasurer | OfficerTrustee | 0.5 | $0 |
Leslee Menjivar Board Member | Trustee | 0.5 | $0 |
E Nahkala Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $54,364 |
| All other contributions, gifts, grants, and similar amounts not included above | $63,516 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $117,880 |
| Total Program Service Revenue | $132,560 |
| Investment income | $31 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $250,471 |
| 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. | $55,168 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $152,910 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,495 |
| Payroll taxes | $26,584 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $26 |
| Fees for services: Accounting | $21,929 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,625 |
| Advertising and promotion | $27 |
| Office expenses | $638 |
| Information technology | $3,345 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,586 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $105 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $752 |
| Insurance | $3,047 |
| All other expenses | $12,583 |
| Total functional expenses | $314,963 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $65,149 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,325 |
| 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 | $1,122 |
| Net Land, buildings, and equipment | $2,223 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,413 |
| Other assets | $0 |
| Total assets | $75,232 |
| Accounts payable and accrued expenses | $2,184 |
| 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 | $2,184 |
| Net assets without donor restrictions | $34,388 |
| Net assets with donor restrictions | $38,660 |
| 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 | $75,232 |