Bigfork Center For The Performing Arts Foundation Ltd
- Assets
- $3.4m
- Revenue
- $486.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Bigfork, MT
- Founding
- 08/2005
- Data as of
- 12/2021
- EIN
- 81-0424706
Organization Overview
Bigfork Center For The Performing Arts Foundation Ltd is located in Bigfork, MT. The organization was established in 2005. According to its NTEE Classification (A61) the organization is classified as: Performing Arts Centers, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Bigfork Center For The Performing Arts Foundation Ltd employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bigfork Center For The Performing Arts Foundation Ltd 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, Bigfork Center For The Performing Arts Foundation Ltd generated $486.2k in total revenue. All expenses for the organization totaled $193.9k during the year ending 12/2021. While expenses have increased by 18.9% 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
THE FOUNDATION'S MISSION IS TO STIMULATE, SUPPORT AND NURTURE THE PERFORMING ARTS, AND TO MAINTAIN A VENUE WHERE HIGH QUALITY PERFORMANCES ARE PRESENTED, INCLUDING THEATER, DANCE, MUSIC, FILM, EDUCATIONAL AND CIVIC EVENTS. THE FOUNDATION SUPPORTS AN APPRECIATION OF THE PERFORMING ARTS THROUGH FUNDING AND SUBSIDIZING SCHOOL GROUPS AND OTHER COMMUNITY ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE A VENUE FOR PERFORMING ARTS SERIES: MUSIC, DANCE, AND DRAMA PRODUCTIONS. DURING 2021 THE ORGANIZATION WAS ABLE TO COMPELTE THE PARKING LOT PROJECT. THIS WILL PROVIDE MORE OPPORTUNITIES FOR THE PUBLIC TO PARTICIPATE IN ORGANIZATION EVENTS.
SCHOLARSHIPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shannon Bagley Treasurer | OfficerTrustee | 2 | $0 |
Walter Kuhn Past Treasur | OfficerTrustee | 2 | $0 |
Brant Beaudry Director | OfficerTrustee | 2 | $0 |
Nancy Mahlum Secretary | OfficerTrustee | 2 | $0 |
Peggy Hinkle Executive Di | Officer | 40 | $0 |
Suzie Keenan Past Preside | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $6,950 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $364,064 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $371,014 |
| Total Program Service Revenue | $65,336 |
| Investment income | $10,392 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $39,495 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $486,237 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,000 |
| 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 | $4,692 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $701 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,323 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,050 |
| Fees for services: Other | $4,175 |
| Advertising and promotion | $3,702 |
| Office expenses | $5,035 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $67,196 |
| 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 | $75,466 |
| Insurance | $9,390 |
| All other expenses | $20 |
| Total functional expenses | $193,850 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,052 |
| Savings and temporary cash investments | $21,529 |
| Pledges and grants receivable | $2,000 |
| Accounts receivable, net | $1,548 |
| 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 | $2,790,986 |
| Investments—publicly traded securities | $585,150 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,409,265 |
| Accounts payable and accrued expenses | $2,375 |
| 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 | $0 |
| Total liabilities | $2,375 |
| Net assets without donor restrictions | $3,406,890 |
| 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 | $3,409,265 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Bigfork Center For The Performing Arts Foundation Ltd has recieved totaling $316,616.
| Awarding Organization | Amount |
|---|---|
M J Murdock Charitable Trust Vancouver, WA PURPOSE: FACILITY PURCHASE AND RENOVATION | $166,000 |
Big Fork Community Development Foundation Trust Kalispell, MT PURPOSE: CAPITAL IMPROVEMENTS | $94,225 |
Montana Community Foundation Inc Helena, MT PURPOSE: 2021 ANNUAL DISTRIBUTION | $32,669 |
Bigfork Development Company Bigfork, MT PURPOSE: PROVIDE FUNDS FOR PAVING A PUBLIC PARKING LOT IN BIGFORK, MT | $12,695 |
Roundup For Safety Inc Kalispell, MT PURPOSE: Promote safety | $10,000 |
John L And Marilyn J Olson Family Foundation Sidney, MT PURPOSE: GENERAL PURPOSE | $1,000 |
Endowment Analysis
| Beg. Balance | $1,200,193 |
| Earnings | $179,921 |
| Admin Expense | $14,666 |
| Net Contributions | $40,000 |
| Other Expense | $77,259 |
| Ending Balance | $1,328,189 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sun Valley Summer Symphony Inc Sun Valley, ID | $21,678,504 | $4,964,216 |
Sun Valley Center For The Arts Inc Sun Valley, ID | $8,382,045 | $3,240,614 |
Sun Valley Performing Arts Center Inc Sun Valley, ID | $17,237,696 | $2,348,449 |
Festival At Sandpoint Inc Sandpoint, ID | $563,215 | $2,220,339 |
Wyo Theatre Inc Sheridan, WY | $4,306,747 | $947,384 |
Emerson Cultural Center Inc Bozeman, MT | $4,558,491 | $1,024,732 |
Idaho Grain Producers Assn Boise, ID | $298,952 | $565,604 |
The Matthews Opera House And Arts Center Spearfish, SD | $452,930 | $346,279 |
Renaissance Arts Center Inc Rupert, ID | $2,179,671 | $396,960 |
Spot Sun Valley Inc Ketchum, ID | $234,866 | $440,847 |
Butte Center For The Performing Arts Inc Butte, MT | $2,956,673 | $773,251 |
Panida Theater Committee Inc Sandpoint, ID | $878,565 | $235,931 |