Public Charity

FARIBAULT ART CENTER INC

FARIBAULT ART CENTER INC is a Public Charity headquartered in FARIBAULT, MN. Financial data from the 2024 filing: $467K revenue, $489K expenses, $1.5M total assets. 13 publicly reported grants to this organization, totaling roughly $152K, appear in IRS filings.

EIN: 411381314 FARIBAULT, MN Arts Education NTEE: A25 Latest filing: 2024
Total Revenue$467K
Total Expenses$489K
Total Assets$1.5M
Grant Records13
Funding Total$152K
Filing Years2019–2024

Mission

ART FACILITY AVAILABLE TO THE PUBLIC PROVIDING CLASSES AND PROMOTING ARTS THROUGH EXHIBITS, FESTIVALS, PLAY PRODUCTIONS, AND OTHER PROGRAMS.

Where $100 goes at Faribault Art Center Inc

How Faribault Art Center Inc divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$80 Programs the work itself
$20 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $80 for programs

$74
Theatrical productions and events
93% of program spending · Reported in the filing: 12,000 people
$4
Art classes
5% of program spending · Reported in the filing: 227 students
$2
Art gallery
2% of program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

BOARD MEMBER Andrea Turini
TREASURER Cheryl Stienberg
BOARD MEMBER Garret Fitzgerald
SECRETARY Jessica Schwie
EXECUTIVE DI Julie Fakler
BOARD MEMBER Kandice Nelson

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$141,867 12 grants
Unspecified
$10,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $467K $489K $1.5M
2023 $774K $527K $1.5M
2022 $550K $577K $1.3M
2020 $428K $335K $1.2M
2019 $533K $546K $1.2M

Between 2019 and 2024, reported annual revenue declined from $533K to $467K (-12%), with total assets most recently reported at $1.5M.

Interactive year-over-year charts and full filing details available with membership.

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