Inverted Arts
- Assets
- $20.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 10/2010
- Data as of
- 12/2022
- EIN
- 27-3029065
Organization Overview
Inverted Arts is located in Minneapolis, MN. The organization was established in 2010. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Inverted Arts 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 12/2022, Inverted Arts generated $137.6k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $131.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Collier President & Director | 40 | $54,000 | |
Renee Kraemer Vice President & Director | 2 | $0 | |
Kerry Ness Treasurer & Director | 3 | $0 | |
Bret Deneson Secretary & Director | 2 | $0 | |
David Toll Director | 2 | $0 | |
Tryenese Jones Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $137,628 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $137,628 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $64,653 |
| Professional fees and other payments to independent contractors | $16,840 |
| Occupancy, rent, utilities, and maintenance | $7,916 |
| Printing, publications, postage, and shipping | $375 |
| Other expenses | $19,800 |
| Total expenses | $131,834 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $20,702 |
| Other assets | $0 |
| Total assets | $20,702 |
| Total liabilities | $208 |
| Net assets or fund balances | $20,494 |