Bismarck Art And Galleries Association Inc
- Assets
- $523.0k
- Revenue
- $253.0k
- Investments
- $0.0
- Employees
- 2
- Location
- Bismarck, ND
- Founding
- 09/1983
- Data as of
- 12/2021
- EIN
- 45-0372046
Organization Overview
Bismarck Art And Galleries Association Inc is located in Bismarck, ND. The organization was established in 1983. According to its NTEE Classification (A51) the organization is classified as: Art Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Bismarck Art And Galleries Association Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bismarck Art And Galleries Association 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, Bismarck Art And Galleries Association Inc generated $253.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $198.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE FINE ARTS
Describe the Organization's Program Activity:
FALL ART SHOW - DISPLAY VARIOUS WORKS OF ART
EXHIBITS - EXHIBITS ARE DISPLAYED MONTHLY FEATURING VARIUOS ARTISTS
CLASSES - VARIOUS ARTISTS OFFER CLASSES TO THE MEMBERSHIP AND GENERAL PUBLIC TO PROMORE THE ARTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clare Carlson Director | Officer | $0 | |
Madonna Guenther Past Preside | Officer | $0 | |
Melissa Gordon Secretary/tr | Officer | $0 | |
Nate Palczewski Director | Officer | $0 | |
Martha Holzer President | Officer | $0 | |
Paige Pederson Director | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $29,213 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $47,638 |
| All other contributions, gifts, grants, and similar amounts not included above | $61,262 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $138,113 |
| Total Program Service Revenue | $62,703 |
| Investment income | $55 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,316 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $44,307 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,192 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $253,034 |
| 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. | $59,953 |
| Compensation of current officers, directors, key employees. | $59,953 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $24,421 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,455 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,545 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,020 |
| Office expenses | $13,837 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,154 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $727 |
| Interest | $5 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,845 |
| Insurance | $4,158 |
| All other expenses | $8,103 |
| Total functional expenses | $198,296 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $166,926 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $361 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $355,731 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $523,018 |
| Accounts payable and accrued expenses | $2,457 |
| 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 | $3,896 |
| Total liabilities | $6,353 |
| Net assets without donor restrictions | $516,665 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $523,018 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Bismarck Art And Galleries Association Inc has recieved totaling $16,112.
| Awarding Organization | Amount |
|---|---|
North Dakota Community Foundation Bismarck, ND PURPOSE: PROGRAM SUPPORT | $8,601 |
Tom & Frances Leach Foundation Inc Bismarck, ND PURPOSE: FUNDING ASSISTANCE FOR THE 2022 EXHIBIT SCHEDULE AND PROFESSIONAL ART WORKSHOPS. ENCOURAGES YOUNG ARTISTS BY SUPPORTING THE JURIED STUDENT ART EXHIBIT. | $7,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $11 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Minneapolis Society Of Fine Arts Minneapolis, MN | $389,108,974 | $52,759,804 |
Trigg-C M Russell Foundation Inc Great Falls, MT | $22,641,198 | $6,338,416 |
Minnesota Museum Of American Art Saint Paul, MN | $9,032,036 | $1,499,963 |
Plains Art Museum Fargo, ND | $10,649,612 | $3,114,280 |
Yellowstone Art Museum Billings, MT | $11,746,839 | $2,174,760 |
Museum Of Russian Art Minneapolis, MN | $5,847,264 | $2,095,024 |
Missoula Art Museum Missoula, MT | $1,429,271 | $991,349 |
North Dakota Museum Of Art Grand Forks, ND | $7,446,530 | $2,052,250 |
Rochester Art Center Rochester, MN | $5,600,838 | $780,668 |
Zootown Arts Community Center Missoula, MT | $3,023,059 | $609,530 |
Holter Museum Of Art Inc Helena, MT | $2,087,361 | $1,048,936 |
Paris Gibson Square Incorporated Great Falls, MT | $1,488,352 | $485,841 |