Foundation For Fergus Falls Center For The Arts Inc
- Assets
- $487.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Fergus Falls, MN
- Founding
- 10/2016
- Data as of
- 12/2022
- EIN
- 81-4132613
Organization Overview
Foundation For Fergus Falls Center For The Arts Inc is located in Fergus Falls, MN. The organization was established in 2016. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, 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. Foundation For Fergus Falls Center For The Arts 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 12/2022, Foundation For Fergus Falls Center For The Arts Inc generated $146.3k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 56.1% each year .
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
A CENTER FOR THE ARTS FOUNDATION HAS AGREED TO GRANT FERGUS FALLS CENTER FOR THE ARTS, IF REQUESTED BY THE CENTER FOR THE ARTS, 5% OF THE PREVIOUS DECEMBER 31ST ASSETS OF THE FOUNDATION. THE FOUNDATION WOULD ALSO CONSIDER GRANT REQUESTS FROM THE CENTER FOR UNEXPECTED CAPITAL OR REPAIR PROJECTS IN THE FUTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Wagnild President | 0.5 | $0 | |
Deborah Ferguson Vice President | 0.5 | $0 | |
Kurt Nygaard Vice President | 0.5 | $0 | |
Stephen F Rufer Secretary | 0.5 | $0 | |
Wally Warhol Treasurer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $126,831 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $7,511 |
| Gain or Loss | $11,940 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $146,282 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $494 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $125 |
| Total expenses | $24,696 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $487,049 |
| Other assets | $0 |
| Total assets | $487,049 |
| Total liabilities | $0 |
| Net assets or fund balances | $487,049 |