Art Guild Of Burlington Inc
- Assets
- $857.9k
- Revenue
- $298.1k
- Investments
- $0.0
- Employees
- 11
- Location
- Burlington, IA
- Founding
- 04/1968
- Data as of
- 12/2022
- 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 12/2022, 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 12/2022, Art Guild Of Burlington Inc generated $298.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $341.7k during the year ending 12/2022. While expenses have increased by 11.3% per year over the past 8 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
2022
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
INSURANCE FOR OPERATION OF ARTS CENTER
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
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig Cornick Director | Trustee | $0 | |
Craig Fleece Secretary | OfficerTrustee | $0 | |
Lindi Kobliska Director | Trustee | $0 | |
Jean Link Vice Preside | OfficerTrustee | $0 | |
Ed Mansheim Director | Trustee | $0 | |
Laura Oetken Trustee/dire | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $23,363 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $75,368 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $108,731 |
| Total Program Service Revenue | $142,601 |
| Investment income | $1,255 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $10,320 |
| Net Gain/Loss on Asset Sales | $149 |
| Net Income from Fundraising Events | $35,048 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $298,104 |
| 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 | $149,811 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,751 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,995 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,456 |
| Office expenses | $7,479 |
| Information technology | $3,071 |
| Royalties | $0 |
| Occupancy | $26,282 |
| 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 | $15,215 |
| Insurance | $8,867 |
| All other expenses | $38,063 |
| Total functional expenses | $341,692 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,212 |
| Savings and temporary cash investments | $186,379 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,985 |
| 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 | $592,689 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $74,626 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $857,891 |
| Accounts payable and accrued expenses | $2,849 |
| 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 | $7,206 |
| Total liabilities | $10,055 |
| 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 | $847,836 |
| Total liabilities and net assets/fund balances | $857,891 |