Madison Art Gallery
- Assets
- $107.0k
- Revenue
- $100.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Madision, MN
- Founding
- Data as of
- 12/2022
- EIN
- 86-2300115
Organization Overview
Madison Art Gallery is located in Madision, MN. According to its NTEE Classification (A51) the organization is classified as: Art Museums, 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. Madison Art Gallery 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, Madison Art Gallery generated $100.3k in total revenue. All expenses for the organization totaled $15.4k during the year ending 12/2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deb Meyer Member | 1 | $0 | |
Connor Peoples Secretary | 1 | $0 | |
Karie Sorknes Treasurer | 1 | $0 | |
Doug Peterson Chair | 1 | $0 | |
David Jerpseth Member | 1 | $0 | |
Cynthia Huse Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $93,653 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,653 |
| Total Revenue | $100,306 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $612 |
| Occupancy | $5,022 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,718 |
| Total operating and administrative expenses | $15,352 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $15,352 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,298 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $535 |
| Net Pledges Receivable | $0 |
| Grants receivable | $16,400 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $1,531 |
| Other assets | $44,252 |
| Total assets | $107,016 |
| Accounts payable and accrued expenses | $7,919 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $7,919 |