Rapid City Fine Arts Council Inc
- Assets
- $845.9k
- Revenue
- $690.1k
- Investments
- $0.0
- Employees
- 26
- Location
- Rapid City, SD
- Founding
- 09/1971
- Data as of
- 12/2021
- EIN
- 23-7116252
Organization Overview
Rapid City Fine Arts Council Inc is located in Rapid City, SD. The organization was established in 1971. 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 12/2021, Rapid City Fine Arts Council Inc employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rapid City Fine 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 12/2021, Rapid City Fine Arts Council Inc generated $690.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $635.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE RAPID CITY FINE ARTS COUNCIL'S MISSIONS IS TO CHAMPION INCLUSIVE, INNOVATIVE AND INSPIRED ARTS OPPORTUNITIES TO ENRICH THE COMMUNITIES WE SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ARTS EDUCATION, EXHIBITS, EVENTS AND INFRASTRUCTURE: THE RAPID CITY FINE ARTS COUNCIL IS CHARGED, THROUGH CITY ORDINANCE, TO BE THE ARTS ADVISOR TO THE CITY OF RAPID CITY. THE ARTS COUNCIL WORKS TO LEVERAGE THE ARTS TO PROVIDE ECONOMIC AND SOCIAL BENEFITS TO PEOPLE IN THE BLACK HILLS REGION THROUGH VARIOUS AVENUES. THE ARTS COUNCIL MAINTAINS A PERMANENT COLLECTION AND PRODUCES PROFESSIONALLY CURATED EXHIBITS OF REGIONAL STATURE, AND BOTH ARE FREE TO THE PUBLIC FOR VIEWING. THE ARTS COUNCIL PROVIDES GALLERY EXPERIENCES FOR CHILDREN THROUGH VARIOUS PROGRAMMING AND OFFERS A VARIETY OF ART CLASSES AND CAMPS FOR ALL AGES. THE ARTS COUNCIL PROVIDES PERFORMING ARTS OPPORTUNITIES BY PRODUCING SHOWS AND FESTIVALS THAT ALLOWS PEOPLE IN THE AREA TO PARTICIPATE AND/OR WATCH.
FACILITY MANAGEMENT AND MAINTENANCE: THE RAPID CITY ARTS COUNCIL MANAGES THE DAHL ARTS CENTER THROUGH A CONTRACT WITH THE CITY OF RAPID CITY. THE ARTS COUNCIL MANAGES THE BUILDING THROUGH PROACTIVE MANAGEMENT AND PREVENATIVE MAINTENANCE SCHEDULES. INDIVIDUALS, BUSINESSES AND OTHER NON-PROFITS USE THE BUILDING FOR VARIOUS FUNCTIONS AND EVENTS. THESE FUNCTIONS AND EVENTS ARE SCHEDULED AND OVERSEEN BY THE ARTS COUNCIL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anjelica Sasse Secretary | OfficerTrustee | 1 | $0 |
Jason Ward Vice Preside | OfficerTrustee | 1 | $0 |
Matthew Whitehead President | OfficerTrustee | 1 | $0 |
Quintin Owens Director | Trustee | 1 | $0 |
Jesse Ham Liason | Trustee | 1 | $0 |
Heather Pickering Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,240 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $111,438 |
| All other contributions, gifts, grants, and similar amounts not included above | $239,323 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $354,001 |
| Total Program Service Revenue | $327,675 |
| Investment income | $8,398 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $690,074 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $324,650 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,660 |
| Payroll taxes | $31,033 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,070 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $21,614 |
| Advertising and promotion | $8,589 |
| Office expenses | $24,172 |
| Information technology | $7,566 |
| Royalties | $0 |
| Occupancy | $10,853 |
| Travel | $4,498 |
| 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 | $3,165 |
| Insurance | $10,092 |
| All other expenses | $1,070 |
| Total functional expenses | $635,517 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $126,171 |
| Savings and temporary cash investments | $20,179 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $100 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $699,491 |
| Total assets | $845,941 |
| Accounts payable and accrued expenses | $10,869 |
| Grants payable | $0 |
| Deferred revenue | $830 |
| 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 | $78,643 |
| Total liabilities | $90,342 |
| Net assets without donor restrictions | $674,726 |
| Net assets with donor restrictions | $80,873 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $845,941 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Rapid City Fine Arts Council Inc has recieved totaling $30,016.
| Awarding Organization | Amount |
|---|---|
Gwendolyn L Stearns Foundation Inc Rapid City, SD PURPOSE: SUPPORT FOR THE EDUCATIONAL PROGRAM | $15,000 |
South Dakota Community Foundation Pierre, SD PURPOSE: Community welfare and betterment | $14,000 |
Harry G And Pauline M Austin Foundation Denver, CO PURPOSE: SUPPORT | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $16 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Minnesota Humanities Center St Paul, MN | $15,490,899 | $2,258,980 |
Metropolitan Regional Arts Council St Paul, MN | $2,676,962 | $5,717,209 |
Nebraska Humanities Council Lincoln, NE | $300,556 | $1,742,597 |
Pottawattamie Arts Culture & Entertainment Council Bluffs, IA | $21,175,917 | $2,201,183 |
Union For Contemporary Art Inc Omaha, NE | $4,100,351 | $2,843,847 |
Humanties Montana Missoula, MT | $548,269 | $1,292,883 |
Reif Arts Council Grand Rapids, MN | $641,981 | $1,377,956 |
Central Minnesota Arts Board Foley, MN | $714,262 | $1,088,614 |
North Dakota Humanities Council Bismarck, ND | $606,082 | $1,234,062 |
Arts Council Of Big Sky Big Sky, MT | $1,365,916 | $1,170,034 |
Southwest Minnesota Arts Council Marshall, MN | $626,781 | $1,000,524 |
Lake Region Arts Council Inc Fergus Falls, MN | $216,379 | $880,468 |