Fairfield Arts & Convention Center
- Assets
- $1.6m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 24
- Location
- Fairfield, IA
- Founding
- 07/1998
- Data as of
- 06/2022
- EIN
- 42-1471055
Organization Overview
Fairfield Arts & Convention Center is located in Fairfield, IA. The organization was established in 1998. According to its NTEE Classification (N32) the organization is classified as: Parks & Playgrounds, under the broad grouping of Recreation & Sports and related organizations. As of 06/2022, Fairfield Arts & Convention Center employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fairfield Arts & Convention Center 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 06/2022, Fairfield Arts & Convention Center generated $1.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $1.1m during the year ending 06/2022. While expenses have increased by 2.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE TRANSFORMATIVE EXPERIENCES THROUGH EDUCATION LIVE THEATER DANCE AND MUSIC FILM AND COMMUNITY EVENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIVE PERFORMANCES: THE CENTER PRESENTS A FULL SEASON OF LIVE PROFESSIONAL THEATER, MUSIC, AND DANCE, AND HOSTS A VARIETY OF COMMUNITY THEATER AND MUSIC PERFORMANCES.
COMMUNITY EVENTS: THE CENTER MAKES ITS FACILITIES AVAILABLE FOR A WIDE VARIETY OF COMMUNITY EVENTS EACH YEAR.
FILMS: OUR TOWN LOST ITS ONLY MOVIE THEATER MANY YEARS AGO. THROUGH THE GENEROSITY OF INTERESTED DONORS, WE HAVE BEEN ABLE TO AQUIRE QUALITY CINEMA EQUIPMENT. WHEN OUR THEATER IS NOT IN USE FOR LIVE THEATER, MUSIC, DANCE, AND OTHER COMMUNITY EVENTS, WE WILL BEGIN TO OFFER FILMED PRODUCTIONS IN OUR FY 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert J Wiegert President | OfficerTrustee | 5 | $0 |
Sara Johnston Vice President | OfficerTrustee | 2 | $0 |
Roberta Sloat Secretary | OfficerTrustee | 2 | $0 |
Charles Dillon Treasurer | OfficerTrustee | 25 | $0 |
Vicki Alexander-Herriott Director | Trustee | 2 | $0 |
Jean Greco Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $58,431 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,004,287 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,062,718 |
| Total Program Service Revenue | $336,682 |
| Investment income | $7,944 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$9,175 |
| Net Gain/Loss on Asset Sales | $2,328 |
| Net Income from Fundraising Events | $6,614 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,358,734 |
| 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 | $329,884 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,180 |
| Payroll taxes | $25,235 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,727 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,666 |
| Fees for services: Other | $947 |
| Advertising and promotion | $48,963 |
| Office expenses | $14,068 |
| Information technology | $12,268 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $45,030 |
| Insurance | $5,517 |
| All other expenses | $446,831 |
| Total functional expenses | $1,116,826 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $778,491 |
| Savings and temporary cash investments | $251,764 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $24,634 |
| 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 | $45,015 |
| Net Land, buildings, and equipment | $205,936 |
| Investments—publicly traded securities | $299,160 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,605,000 |
| Accounts payable and accrued expenses | $8,259 |
| Grants payable | $0 |
| Deferred revenue | $41,281 |
| 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 | $350,071 |
| Other liabilities | $0 |
| Total liabilities | $399,611 |
| 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 | $1,205,389 |
| Total liabilities and net assets/fund balances | $1,605,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Fairfield Arts & Convention Center has recieved totaling $601,518.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $595,000 |
Greater Jefferson County Foundation Fairfield, IA PURPOSE: ORGAN EXPENSES | $6,518 |
Endowment Analysis
| Beg. Balance | $316,291 |
| Earnings | -$40,597 |
| Admin Expense | $3,666 |
| Net Contributions | $3,600 |
| Ending Balance | $275,628 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Colorado Park 277 Corporation Chicago, IL | $265,380,571 | $11,072,050 |
Lake Park Associates Inc Chicago, IL | $84,892,237 | $7,736,352 |
Champaign Parks Foundation Champaign, IL | $976,964 | $284,130 |
Gateway Arch Park Foundation St Louis, MO | $74,261,617 | $7,108,944 |
Grindstone Butte Mutual Canal Company Champaign, IL | $200 | $2,974,907 |
Illinois Association Of Park Districts Springfield, IL | $10,419,752 | $4,309,641 |
Millennium Park Foundation Chicago, IL | $52,901,717 | $12,169,207 |
Prospect Meadows Inc Marion, IA | $13,712,909 | $1,593,506 |
Friends Of@sauk Prairie Parks And Recreation Inc Sauk City, WI | $5,893,890 | $2,059,173 |
Little Village Environmental Justice Organization Chicago, IL | $4,634,641 | $3,681,003 |
Ice Age Trail Alliance Cross Plains, WI | $12,975,124 | $3,561,895 |
Friends Of Hoyt Park Wauwatosa, WI | $6,559,517 | $1,528,114 |