Fort Madison Area Arts Association
- Assets
- $81.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Madison, IA
- Founding
- 06/1980
- Data as of
- 03/2024
- EIN
- 42-1145837
Organization Overview
Fort Madison Area Arts Association is located in Fort Madison, IA. The organization was established in 1980. According to its NTEE Classification (A03) the organization is classified as: Professional Societies & Associations, 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. Fort Madison Area Arts Association 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 03/2024, Fort Madison Area Arts Association generated $97.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $123.5k during the year ending 03/2024. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
ART IN THE PARK AND EDUCATION PROGRAMS, EARLY OUT PROGRAMS FOR STUDENTS AND SURROUNDING AREAS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angie Sodie President | 1 | $0 | |
Mary Brockman Secretary | 1 | $0 | |
Melissa Derr Treasurer | 1 | $0 | |
Lori Illner Director | 18 | $19,997 | |
Carrie Fraise Board Member | 0 | $0 | |
Corey Brown Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $41,973 |
| Total Program Service Revenue | $12,928 |
| Membership dues | $0 |
| Investment income | $54 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $28,071 |
| Other Revenue | $1,734 |
| Total Revenue | $97,360 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $49,188 |
| Professional fees and other payments to independent contractors | $3,701 |
| Occupancy, rent, utilities, and maintenance | $23,915 |
| Printing, publications, postage, and shipping | $57 |
| Other expenses | $46,667 |
| Total expenses | $123,528 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $34,557 |
| Other assets | $0 |
| Total assets | $81,490 |
| Total liabilities | $2,148 |
| Net assets or fund balances | $79,342 |