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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