Art Guild Of Burlington Inc
- Assets
- $918.1k
- Revenue
- $323.3k
- Investments
- $0.0
- Employees
- 11
- Location
- Burlington, IA
- Founding
- 04/1968
- Data as of
- 12/2021
- EIN
- 42-0932843
Organization Overview
Art Guild Of Burlington Inc is located in Burlington, IA. The organization was established in 1968. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Art Guild Of Burlington Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Art Guild Of Burlington 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, Art Guild Of Burlington Inc generated $323.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.9% each year . All expenses for the organization totaled $282.0k during the year ending 12/2021. While expenses have increased by 9.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
ENHANCE THE ARTS THROUGH EDUCATION, EXHIBITIONS & PERFORMANCE PROGRAMS IN THE BURLINGTON IOWA AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WORKSHOP/CLASSES: ART WORKSHOPS AND EDUCATION CLASSES FOR ADULTS, TEENS, AND CHILDREN
ART MARKET AND GALLERY: EXHIBITION AND SALE OF VARIED TYPES OF ARTWORK CREATED BY LOCAL AND REGIONAL ARTISTS.
SNAKE ALLEY ART FAIR - AN ANNUAL ART FAIR
INSURANCE FOR OPERATION OF ARTS CENTER
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jean Link Vice Preside | OfficerTrustee | $0 | |
Joel Robinson Treasurer | OfficerTrustee | $0 | |
Craig Fleece Secretary | OfficerTrustee | $0 | |
Lori Weiss President | OfficerTrustee | $0 | |
Craig Cornick Director | Trustee | $0 | |
Ed Mansheim Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $24,343 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $70,732 |
| All other contributions, gifts, grants, and similar amounts not included above | $58,862 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $153,937 |
| Total Program Service Revenue | $106,281 |
| Investment income | $1,310 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $16,248 |
| Net Gain/Loss on Asset Sales | $6,998 |
| Net Income from Fundraising Events | $38,561 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $323,335 |
| 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. | $5,797 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $124,881 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,701 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,878 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,710 |
| Office expenses | $4,922 |
| Information technology | $9,317 |
| Royalties | $0 |
| Occupancy | $24,113 |
| Travel | $0 |
| 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 | $15,184 |
| Insurance | $7,236 |
| All other expenses | $26,758 |
| Total functional expenses | $282,004 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $503 |
| Savings and temporary cash investments | $219,198 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,152 |
| 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 | $601,186 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $94,078 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $918,117 |
| Accounts payable and accrued expenses | $2,981 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $5,401 |
| Total liabilities | $8,382 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $909,735 |
| Total liabilities and net assets/fund balances | $918,117 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Art Guild Of Burlington Inc has recieved totaling $196.
| Awarding Organization | Amount |
|---|---|
Alliant Energy Foundation Inc Madison, WI PURPOSE: MATCHING GIFTS | $110 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $86 |
Endowment Analysis
| Beg. Balance | $82,299 |
| Earnings | $11,810 |
| Admin Expense | $1,531 |
| Net Contributions | $1,500 |
| Ending Balance | $94,078 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mosaic Employee Welfare Benefit Plan Trust Omaha, NE | $7,371,640 | $16,223,052 |
Chicago Architecture Foundation Chicago, IL | $18,456,323 | $14,699,492 |
Fenestration And Glazing Industry Alliance Schaumburg, IL | $6,384,205 | $4,966,632 |
Fibre Box Association Itasca, IL | $1,560,987 | $3,611,412 |
Hyde Park Art Center Chicago, IL | $13,112,741 | $7,741,893 |
American Craft Council Minneapolis, MN | $6,869,826 | $3,121,094 |
Master Craftsmen Foundation Kansas City, MO | $0 | $269 |
Arts Club Of Chicago Chicago, IL | $22,777,301 | $152,339 |
Graham Foundation For Advanced Studies In The Fine Arts Chicago, IL | $0 | $687,158 |
Midwest Old Settlers And Threshers Assn Inc Mt Pleasant, IA | $5,724,252 | $3,761,020 |
Laumeier Sculpture Park St Louis, MO | $5,586,221 | $2,296,143 |
Union Construction Crafts Workers Compensation Fund Bloomington, MN | $541,374 | $1,672,771 |