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← MANKATO AREA ARTS COUNCIL

Form 990 for tax year 2022

Filed by MANKATO AREA ARTS COUNCIL.

Totals

Total revenue
$143,772
Total expenses
$102,781
Contributions and grants received
$125,067
Grants paid
$0
Program service revenue
$14,029
Investment income
$2,355
Other revenue
$2,321
Total assets, end of year
$1,260,379
Total liabilities, end of year
$1,489
Net assets or fund balances, end of year
$1,258,890
Program services expenses (Part IX)
$59,864
Management and general expenses
$42,917
Fundraising expenses
$0
Program service expenses (Part III)
$59,864

Program services were 58.2% 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.

  • 1b · Membership dues

    $5,845

  • 1f · All other contributions, gifts and grants

    $119,222

  • 1g · Noncash contributions included above

    $10,232

  • 2a · Program service revenue: Studio Rental

    total $9,215 · related or exempt $9,215

  • 2b · Program service revenue: Gallery Fees and Sales

    total $4,814 · related or exempt $4,814

  • 3 · Investment income

    total $2,355 · excluded $2,355

  • 10a · Gross sales of inventory

    $11,103

  • 10b · Cost of goods sold

    $8,782

  • 10c · Net income from sales of inventory

    total $2,321 · related or exempt $2,321

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $27,000 · program services $13,500 · management and general $13,500

  • 9 · Other employee benefits

    total $379 · program services $189 · management and general $190

  • 10 · Payroll taxes

    total $2,508 · program services $1,254 · management and general $1,254

  • 11b · Fees: legal

    total $2,676 · management and general $2,676

  • 11c · Fees: accounting

    total $3,599 · management and general $3,599

  • 11g · Fees: other

    total $575 · management and general $575

  • 12 · Advertising and promotion

    total $4,003 · program services $2,001 · management and general $2,002

  • 13 · Office expenses

    total $5,529 · program services $2,765 · management and general $2,764

  • 14 · Information technology

    total $2,952 · program services $1,476 · management and general $1,476

  • 16 · Occupancy

    total $21,545 · program services $18,313 · management and general $3,232

  • 22 · Depreciation, depletion and amortization

    total $12,457 · program services $10,588 · management and general $1,869

  • 23 · Insurance

    total $18,039 · program services $9,019 · management and general $9,020

  • 24a · Other expenses: Gallery Expenses

    total $1,472 · program services $736 · management and general $736

  • 24e · All other expenses

    total $47 · program services $23 · management and general $24

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $756,098 · end of year $811,020

  • 4 · Accounts receivable

    end of year $15

  • 10a · Land, buildings and equipment: cost or other basis

    $540,997

  • 10b · Land, buildings and equipment: accumulated depreciation

    $91,653

  • 10c · Land, buildings and equipment, net

    beginning of year $461,801 · end of year $449,344

  • 25 · Other liabilities

    beginning of year $0 · end of year $1,489

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,217,899 · end of year $1,258,890

Mission and programs · 2022

Mission

The mission of the Mankato Area Arts Council, DBA Carnegie Art Center, is to be a vibrant community destination that inspires, nurtures, and expands artistic, cultural, and educational experiences.

Activities or mission (Part I)

To nurture the visual arts in the Southern Minnesota area.

  • Production of visual art exhibits featuring aproximately 400 pieces of art by over 140 Southern Minnesota artists for the benefit of nearly 2,200 visitors per year.

    Expenses $59,864 · Revenue $4,814

  • Provision of affordable art studio spaces for local visual artists.

    Revenue $9,215

  • Maintain a gift shop for local artists to sell fine arts and quality craft work on consignment.

    Revenue $2,321

As filed on the 2022 return.

Listed in Part VII

  • Shannon Sinning

    President

    Total calculated
    $0
    Hours/week
    5
  • Heidi Danielson

    Vice President

    Total calculated
    $0
    Hours/week
    20
  • Jeri Clemmens

    Treasurer (Until 04/2023)

    Total calculated
    $0
    Hours/week
    6
  • Robin Wingo

    Secretary

    Total calculated
    $0
    Hours/week
    11
  • Melodie Andrews

    Director

    Total calculated
    $0
    Hours/week
    8
  • Don Strasser

    Director

    Total calculated
    $0
    Hours/week
    5
  • David Ryan

    Director

    Total calculated
    $0
    Hours/week
    5
  • Bradley Coulter

    Director

    Total calculated
    $0
    Hours/week
    5
  • Craig Groe

    Director

    Total calculated
    $0
    Hours/week
    5
  • Brian Frink

    Director (Until 04/2023)

    Total calculated
    $0
    Hours/week
    5
  • Charles Leftridge

    Executive Director

    Total calculated
    $0
    Hours/week
    20

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
2022
Filed
25 April 2024
IRS schema version
2022v5.0
Source object
202431169349301433

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