Magic Valley Arts Council Inc
- Assets
- $1.1m
- Revenue
- $359.3k
- Investments
- $0.0
- Employees
- 6
- Location
- Twin Falls, ID
- Founding
- 09/1993
- Data as of
- 04/2022
- EIN
- 94-3087224
Organization Overview
Magic Valley Arts Council Inc is located in Twin Falls, ID. The organization was established in 1993. According to its NTEE Classification (A26) the organization is classified as: Arts & Humanities Councils & Agencies, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 04/2022, Magic Valley Arts Council Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Magic Valley Arts Council 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 04/2022, Magic Valley Arts Council Inc generated $359.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $351.2k during the year ending 04/2022. While expenses have increased by 1.1% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MAGIC VALLEY ARTS COUNCIL IS A NON-PROFIT AGENCY THAT FOSTERS AND PROMOTES ART AND CULTURAL EXPERIENCES FOR ALL PEOPLE IN THE GREATER TWIN FALLS AREA AND SURROUNDING MAGIC VALLEY REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FULL MOON GALLERY OPERATED BY MAGIC VALLEY ARTS COUNCIL, IS A COLLECTON OF FINE ART AND CONTEMPORY CRAFT DISPLAYS. THE ART IS SOLD BY LOCAL ARTISTS FROM VARIOUS DISCIPLINES AND ARTISTIC STYLES. OVER 6000 COMMUNITY MEMBERS TAKE ADVANTAGE OF THE DISPLAYS AND SALE ITEMS. THE COUNCIL HOSTS REGULAR OPEN HOUSES AND ARTIST RECEPTIONS.
ART & SOUL OF THE MAGIC VALLEY IS AN ANNUAL ART COMPETITION. LOCAL BUSINESSES SERVE AS GALLERIES TO DISPLAY ARTISTS' WORK DURING THE EVENT. LOCAL AND OUT OF TOWN VISITORS VOTE ON THE DISPLAYS. WINNERS ARE DETERMINED BY THE NUMBER OF PUBLIC VOTES RECIEVED.
THE MAGIC VALLEY ARTS COUNCIL HOSTED "THOUSAND SPRINGS FESTIVAL OF THE ARTS", LOCATED ON RITTER ISLAND. ARTIST DISPLAY AND SELL THEIR WORK IN THE PARK. THE EVENT OFFERS THE PUBLIC LIVE ENTERTAINMENT AND A VARIETY OF FOOD BOOTHS.
VAIOUS ART PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melissa Crane Executive Di | Officer | 40 | $51,860 |
Dennis Bowyer Treasurer | Officer | $0 | |
Bonnie Hoag Secretary | Officer | $0 | |
Jean Shawver President | Officer | $0 | |
Suzanne Mccampbell Vice Preside | Officer | $0 | |
Alice Anderson Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $26,042 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $15,581 |
| All other contributions, gifts, grants, and similar amounts not included above | $25,132 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $66,755 |
| Total Program Service Revenue | $234,283 |
| Investment income | $84 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $24,371 |
| 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 | $359,338 |
| 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. | $51,860 |
| Compensation of current officers, directors, key employees. | $51,860 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $45,989 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,761 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,525 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,225 |
| Advertising and promotion | $28,267 |
| Office expenses | $41,506 |
| Information technology | $0 |
| Royalties | $76,874 |
| Occupancy | $49,658 |
| Travel | $0 |
| 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 | $32,801 |
| Insurance | $5,693 |
| All other expenses | $0 |
| Total functional expenses | $351,159 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $157,727 |
| Savings and temporary cash investments | $29,927 |
| Pledges and grants receivable | $0 |
| 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 | $939,642 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,127,296 |
| Accounts payable and accrued expenses | $3,811 |
| 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 | $3,811 |
| Net assets without donor restrictions | $0 |
| 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 | $1,123,485 |
| Total liabilities and net assets/fund balances | $1,127,296 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Magic Valley Arts Council Inc has recieved totaling $11,500.
| Awarding Organization | Amount |
|---|---|
Racing For Charity Inc Twin Falls, ID PURPOSE: FUNDING | $11,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Artsfund Seattle, WA | $5,262,172 | $15,058,277 |
Regional Arts & Culture Council Portland, OR | $19,063,213 | $7,551,679 |
Oregon Council For The Humanities Portland, OR | $2,576,725 | $2,357,647 |
Vashon Allied Arts Inc Vashon, WA | $19,851,781 | $1,862,824 |
Salt Lake Arts Council Foundation Salt Lake City, UT | $1,578,268 | $2,133,751 |
Arts Council Of Snohomish County Everett, WA | $7,624,681 | $2,433,304 |
Humanties Montana Missoula, MT | $548,269 | $1,292,883 |
Idaho Falls Arts Council Inc Idaho Falls, ID | $3,825,815 | $1,600,181 |
Nevada Humanities Inc Reno, NV | $587,474 | $1,156,566 |
Arts Council Of Big Sky Big Sky, MT | $1,365,916 | $1,170,034 |
Edmonds Center For The Arts Edmonds, WA | $603,823 | $954,686 |
Lane Arts Council Eugene, OR | $650,730 | $717,704 |