Totals
- Total revenue
- $617,440
- Total expenses
- $447,075
- Contributions and grants received
- $50,657
- Grants paid
- $0
- Program service revenue
- $561,257
- Investment income
- $5,526
- Other revenue
- $0
- Total assets, end of year
- $471,240
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $471,240
- Program services expenses (Part IX)
- $438,449
- Management and general expenses
- $8,626
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $438,449
Program services were 98.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$50,657
-
2a · Program service revenue: Events
total $40,650 · related or exempt $40,650
-
2b · Program service revenue: Services/Commissioned artwork
total $520,607 · related or exempt $520,607
-
3 · Investment income
total $1,676 · related or exempt $1,676
-
7a · Gross sales of assets other than inventory
other assets $3,850
-
7c · Gain or loss
other assets $3,850
-
7d · Net gain or loss
total $3,850
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $6,160 · management and general $6,160
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $535 · management and general $535
-
11g · Fees: other
total $391,802 · program services $391,802
-
12 · Advertising and promotion
total $7,140 · program services $7,140
-
13 · Office expenses
total $992 · program services $992
-
14 · Information technology
total $3,862 · program services $1,931 · management and general $1,931
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $4,552 · program services $4,552
-
24a · Other expenses: Dues, fees, bank charges
total $644 · program services $644
-
24b · Other expenses: Event expenses
total $30,685 · program services $30,685
-
24c · Other expenses: Meals
total $213 · program services $213
-
24d · Other expenses: Repairs
total $490 · program services $490
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $18,030 · end of year $190,642
-
8 · Inventories for sale or use
beginning of year $4,667 · end of year $4,667
-
10a · Land, buildings and equipment: cost or other basis
$228,528
-
10c · Land, buildings and equipment, net
beginning of year $228,528 · end of year $228,528
-
15 · Other assets
beginning of year $43,790 · end of year $47,403
-
17 · Accounts payable and accrued expenses
beginning of year $13
-
27 · Net assets without donor restrictions
beginning of year $254,654 · end of year $349,819
-
28 · Net assets with donor restrictions
beginning of year $40,348 · end of year $121,421
Mission and programs · 2024
Mission
To create a more vibrant cultural life for the Grand Forks community.
-
Artfest is an event that is free to the community featuring art, food, kids activities and art projects, and live entertainment. There are approximately 100 vendors and 10,000 attendees.
Expenses $31,385 · Revenue $79,892
-
Galleries for artist exhibitions are installed in various businesses and government offices in the region. Receptions are often held in conjunction with the exhibits.
Expenses $6,895 · Revenue $43,670
-
Special projects such as community art sculpture and limited art series offerings were conducted that are not ongoing programs.
Expenses $400,169 · Revenue $493,878
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Jill Nelson
President
- Total calculated
- $0
- Hours/week
- 1
-
Jill Nelson
Vice President
- Total calculated
- $0
- Hours/week
- 1
-
Sadie Gilbreath
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Ann Brown
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Dean Opp
Director
- Total calculated
- $0
- Hours/week
- 1
-
Kathy Armacost
Director
- Total calculated
- $0
- Hours/week
- 1
-
John Nelson
Director
- Total calculated
- $0
- Hours/week
- 1
-
Alex Reichert
Director
- Total calculated
- $0
- Hours/week
- 1
-
Curt Kreun
Director
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 15 May 2025
- IRS schema version
- 2024v5.1
- Source object
- 202541359349304214
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