Fairbanks Arts Association 483
- Assets
- $200.2k
- Revenue
- $373.5k
- Investments
- $0.0
- Employees
- 9
- Location
- Fairbanks, AK
- Founding
- 04/1971
- Data as of
- 06/2021
- EIN
- 92-6003435
Organization Overview
Fairbanks Arts Association 483 is located in Fairbanks, AK. The organization was established in 1971. 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. As of 06/2022, Fairbanks Arts Association 483 employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fairbanks Arts Association 483 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 06/2021, Fairbanks Arts Association 483 generated $373.5k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $316.1k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Fairbanks Arts Association 483 has awarded 45 individual grants totaling $299,207. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTION AND PRESERVATION OF THE ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL ARTS SUPPORTS MANY EDUCATIONAL PROGRAMS SUCH AS ARTISTS-IN-SCHOOLS. THIS PROGRAM PROVIDES STUDENTS WITH HANDS ON ART LEARNING EXPERIENCES THAT HELP PROVIDE ANOTHER EDUCATIONAL LAYER TO THE MATERIAL THEY ARE ALREADY LEARNING IN THEIR DAILY CLASSROOM. DONATED FACILITIES RENTAL FROM THE FAIRBANKS NORTH STAR BOROUGH ATTRIBUTED $1,987 TO THIS PROGRAM SERVICE ACCOMPLISHMENT.
VISUAL ARTS COMMITTEE SCHEDULES ART EXHIBITS IN THE BEAR GALLERY FOR SOLO AND GROUP EXHIBITS. ARTISTS FROM OUTSIDE THE COMMUNITY ARE BROUGHT IN TO GIVE INTERIOR ARTISTS THE OPPORTUNITY TO CONNECT WITH A BROADER COMMUNITY OF ARTS. ALSO, UP WITH ART IS SUPPORTED BECAUSE IT ALLOWS ELEMENTARY, MIDDLE, AND HIGH SCHOOL STUDENTS TO PUT THEIR ART WORK INTO AN ART EXHIBIT FOR THE COMMUNITY TO APPRECIATE. DONATED FACILITIES RENTAL FROM THE FAIRBANKS NORTH STAR BOROUGH ATTRIBUTED $15,893.12 TO THIS PROGRAM SERVICE ACCOMPLISHMENT.
PERFORMING ARTS PROGRAMS SUPPORT SUMMER-LONG FREE PERFORMANCES IN PIONEER PARK FOR COMMUNITY MEMBERS AND VISITORS OF ALL AGES TO ENJOY. THIS PLATFORM ALSO GIVES A DIVERSITY OF PERFORMING ARTISTS AN OPPORTUNITY TO RECEIVE PROFESSIONAL DEVELOPMENT AND SHOWCASE THEIR ANTISTRY TO A LIVE AUDIENCE.
LITERARY ARTS AND REGRANTING SUPPORTS PROGRAMS SUCH AS WRITING IN THE DARK, THE ALASKA WRITERS GUILD, THE STATEWIDE POETRY CONTEST AND THE COMMUNITY WRITERS GROUP TO HELP NURTURE WRITERS SO THAT THEY CAN ACHIEVE THEIR GOALS. REGRANTING CONSISTS OF REGRANTING FUNDS RECEIVED FROM THE CITY OF FAIRBANKS FOR LOCAL ARTIST GROUPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica Pena Executive Director | Officer | 40 | $55,038 |
Gail Priday Secretary | Officer | 1 | $0 |
Gary Bender Treasurer | Officer | 1 | $0 |
Brianna Reagan President | Officer | 1 | $0 |
Salem Dogbe Director | Trustee | 1 | $0 |
Sheri Oleson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $11,575 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $212,618 |
| All other contributions, gifts, grants, and similar amounts not included above | $60,960 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $285,153 |
| Total Program Service Revenue | $46,421 |
| Investment income | $6,101 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $26,133 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $373,508 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $55,038 |
| 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. | $63,230 |
| Compensation of current officers, directors, key employees. | $63,230 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $107,151 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,913 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $38,134 |
| Advertising and promotion | $1,224 |
| Office expenses | $22,262 |
| Information technology | $0 |
| 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 | $1,141 |
| Insurance | $3,827 |
| All other expenses | $0 |
| Total functional expenses | $316,130 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $87,824 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,479 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $18,286 |
| Prepaid expenses and deferred charges | $573 |
| Net Land, buildings, and equipment | $2,192 |
| Investments—publicly traded securities | $34,420 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $46,382 |
| Total assets | $200,156 |
| Accounts payable and accrued expenses | $56,919 |
| 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 | $56,919 |
| Net assets without donor restrictions | $96,855 |
| Net assets with donor restrictions | $46,382 |
| 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 | $200,156 |
Grants Awarded
Over the last fiscal year, Fairbanks Arts Association 483 has awarded $55,100 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Fairbanks, AK PURPOSE: SUPPORTING THE ARTS | $7,600 |
Fairbanks, AK PURPOSE: SUPPORTING THE ARTS | $7,600 |
Fairbanks, AK PURPOSE: SUPPORTING THE ARTS | $7,600 |
Fairbanks, AK PURPOSE: SUPPORTING THE ARTS | $7,600 |
Fairbanks, AK PURPOSE: SUPPORTING THE ARTS | $7,600 |
Fairbanks, AK PURPOSE: SUPPORTING THE ARTS | $6,500 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Fairbanks Arts Association 483 has recieved totaling $58,589.
| Awarding Organization | Amount |
|---|---|
Rasmuson Foundation Anchorage, AK PURPOSE: SABBATICAL AWARD | $40,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $15,200 |
Usibelli Foundation Fairbanks, AK PURPOSE: TO PROVIDE OPERATING FUNDS FOR THIS ARTS ORGANIZATION | $1,500 |
Bill Stroecker Foundation Fairbanks, AK PURPOSE: RECIPIENT AUTHORIZED EXEMPT PURPOSES | $1,350 |
Rasmuson Foundation Anchorage, AK PURPOSE: DISTINGUISHED ARTIST PANELIST AWARD | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $39 |
Endowment Analysis
| Beg. Balance | $46,382 |
| Earnings | -$4,179 |
| Ending Balance | $42,203 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Inst Of Architects Inc The Seattle Chapter Seattle, WA | $1,643,585 | $1,470,540 |
Twispworks Foundation Twisp, WA | $4,775,576 | $1,437,295 |
The Association For Rural & Small Libraries Inc Seattle, WA | $577,773 | $727,881 |
Glass Art Society Inc Seattle, WA | $499,935 | $240,723 |
Washington State Asso Of Broadcasters Spokane, WA | $1,052,720 | $583,429 |
Washington Council American Institute Of Architects Camano Island, WA | $591,301 | $425,945 |
Fairbanks Arts Association 483 Fairbanks, AK | $200,156 | $373,508 |
American Institute Of Architects Tacoma, WA | $130,115 | $0 |
Camlann Medieval Association Carnation, WA | $1,105,658 | $276,869 |
Architects & Engineers Legislative Council University Place, WA | $68,408 | $0 |
American Institute Of Architects Spokane Chapter Spokane, WA | $100,902 | $0 |
Alaska Chapter American Institute Of Architects Anchorage, AK | $191,259 | $0 |