2023-11-09T15:35:17-06:00 2022-12-31 410746749 CLIFTONLARSONALLEN LLP 2689 COMMERCE DRIVE NW SUITE 201 ROCHESTER MN 55901 990 2022-01-01 411650727 THE AUSTIN AREA COMMISSION FOR THE ARTS INC AUST 5074340934 300 NORTH MAIN STREET AUSTIN MN 55912 PENNY KINNEY PRESIDENT 5074340934 2023-11-03 1 PENNY KINNEY 999009999 0 KATHERINE LUTZKE CPA P01760889 5072802300 2023-11-03 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z AUSTIN AREA ARTS PENNY KINNEY 300 NORTH MAIN STREET AUSTIN MN 55912 4807582 0 X WWW.AUSTINAREAARTS.ORG X 1990 MN APPLAUD AND ADVANCE ALL ARTS BY WELCOMING DIVERSE, CREATIVE INDIVIDUALS TO INSPIRE OUR COMMUNITY. 10 10 13 250 4696 6444 650933 299315 79009 115564 59 1432 7065 33677 737066 449988 0 0 0 0 211716 227434 0 0 36727 278755 559789 490471 787223 246595 -337235 3054473 2713325 405588 395207 2648885 2318118 AUSTIN AREA ARTS APPLAUDS AND ADVANCES ALL ARTS BY WELCOMING DIVERSE, CREATIVE INDIVIDUALS TO SHARE THEIR UNIQUE TALENTS TO INSPIRE OUR COMMUNITY. 0 0 282379 0 79228 ARTWORKS CENTER - PROVIDE A VENUE FOR ARTISTS TO CREATE, DISPLAY AND SELL THEIR ART. PROVIDE ART EDUCATION FOR ALL AGES. PROVIDE AN INTIMATE LIVE MUSIC VENUE. 102 RETAIL ARTISTS GENERATED $50,000+ GROSS RETAIL SALES. HOSTED 2 LIVE MUSIC, 5 GALLERY EXHIBITS, 8 OPEN MUSIC JAMS, 24 ADULT ART CLASSES, 50 KIDS ART CLASSES = 89 TOTAL EVENTS. SERVED 668 CHILDREN AND 630 ADULTS = 1,298 TOTAL PLUS 192 ARTISTS. 270726 0 14919 PARAMOUNT THEATRE - MAINTAIN THE HISTORIC 1929 PARAMOUNT THEATRE. PRESENT HIGH QUALITY LIVE MUSIC AND OTHER PERFORMING ARTS TO THE PUBLIC AT REASONABLE PRICES. OFFER LOW COST RENTAL VENUE TO THE AREA'S ARTS COMMUNITY. 2022 EVENTS: 1 COMEDY SHOW, 1 AUTHOR TALK, 2 DANCE PERFORMANCES, 2 TOURS, 11 PRIVATE MOVIES, 12 LIVE MUSIC SHOWS, 21 PUBLIC MOVIES=50 TOTAL. SERVED 520 CHILDREN / 2,347 ADULTS = 2,867 TOTAL PLUS 198 ARTISTS. 124389 0 21417 ARTWORKS FESTIVAL - CELEBRATE VISUAL, PERFORMING AND LITERARY ARTISTS WITH A FREE TWO-DAY EVENT IN THE HEART OF DOWNTOWN AUSTIN. EVENT CONTRIBUTES TO COMMUNITY QUALITY OF LIFE AND GENERATES ECONOMIC IMPACT FOR LOCAL LODGING, RESTAURANTS AND RETAIL. 10,000 VISITORS ENJOYED 48 JURIED FINE ART EXHIBITORS, 9 HANDS-ON ART EXPERIENCES, 14 MUSIC ACTS, 16 AUTHORS, 8 PERFORMING ARTS OFFERINGS. THE EVENT WAS SUPPORTED BY 93 INDIVIDUAL DONORS, 32 BUSINESS DONORS AND 200+ VOLUNTEER SHIFTS FILLED. 677494 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 25 0 13 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 10 10 0 0 0 0 1 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 MN X LAURA HELLE 5074340934 300 N MAIN ST AUSTIN MN 55912 PENNY KINNEY PRESIDENT 5.00 X X 0 0 0 RAE DAWN RAO VICE PRESIDENT 5.00 X X 0 0 0 MICHELLE LILLY TREASURER 5.00 X X 0 0 0 RICK YOUNG SECRETARY 5.00 X X 0 0 0 DOMONIQUE VENZANT DIRECTOR 1.00 X 0 0 0 ISAAC LEYK DIRECTOR 1.00 X 0 0 0 SYLVIA HERNANDEZ DIRECTOR 1.00 X 0 0 0 KRISTEN OLSON DIRECTOR 1.00 X 0 0 0 JOHN BECKMAN DIRECTOR 1.00 X 0 0 0 KANDACE FEIST DIRECTOR 1.00 X 0 0 0 LAURA S HELLE EXECUTIVE DIRECTOR 40.00 X 76716 0 0 76716 0 0 0 0 0 0 0 8339 184110 106866 299315 ARTWORKS CENTER 711110 79228 79228 ARTWORKS FESTIVAL 711110 21417 21417 PARAMOUNT THEATRE 711110 14919 14919 115564 1432 1432 40588 37791 2797 2797 -16041 18838 2433 4275 -1842 -1842 4336265 4315528 20737 20737 OTHER REVENUE 900099 11985 11985 11985 449988 115564 4696 30413 76716 57537 19179 129972 104375 25597 4516 3106 1410 16230 12552 3678 15558 15558 7138 988 6150 19971 16417 3554 38261 27052 11209 139790 137046 2744 4651 3965 686 106185 103392 125 2668 19746 16631 3115 PRODUCTION, ARTIST FEES 123996 123946 50 0 BAD DEBT EXPENSE 78100 78100 REPAIRS AND MAINTENANCE 47309 46306 1003 EDUCATION 12794 12794 -53710 11387 -99156 34059 787223 677494 73002 36727 274238 212046 575386 538295 78100 6550 25224 34004 8748 1103 2956219 1269873 1819207 1686346 273570 234981 3054473 2713325 140062 79460 5406 3079 258510 246867 1610 65801 405588 395207 X 1903134 1752566 745751 565552 2648885 2318118 3054473 2713325 -337235 -2987 11514 -2059 0 X 0 1 X 1 0 X 468822 347517 733468 650933 299315 2500055 468822 347517 733468 650933 299315 2500055 1302225 1197830 56335 48301 22674 37764 42020 207094 -2555 6122 1544 20737 25848 5589 10384 287 633 11985 28878 2761875 426373 0.43370 0.46430 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2018 AMOUNT: $ 5,589. 2019 AMOUNT: $ 10,384. 2020 AMOUNT: $ 287. 2021 AMOUNT: $ 633. 2022 AMOUNT: $ 11,985. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 140000 140000 2249648 798336 1451312 437016 363027 73989 129555 108510 21045 1686346 CONTRIBUTED RENT 100380 LIFE INSURANCE 106259 RIGHT OF USE ASSET, NET OF ACCUMULATED AMORTIZATION 28342 234981 SECURITY DEPOSIT - RENTAL 1610 LEASE LIABILITY 64191 65801 X 1091861 -2987 15025 12038 1079823 -629835 -629835 449988 1420571 3511 629835 633346 787225 -2 -2 787223 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM INCOME TAXES UNDER SECTIONS 501(C)3 OF THE INTERNAL REVENUE CODE. THE ORGANIZATION HAS EVALUATED ITS TAX POSITIONS AND HAS DETERMINED IT HAS NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2022. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES REPORTED AS REVENUE -4,275. GAMBLING EXPENSES REPORTED AS REVENUE -587,769. RENTAL EXPENSES -37,791. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES REPORTED AS REVENUE 4,275. GAMBLING EXPENSES REPORTED AS REVENUE 587,769. RENTAL EXPENSES 37,791. PART XII, LINE 4B - OTHER ADJUSTMENTS: ROUNDING -2. 4336265 3727759 587769 0 4336265 3727759 587769 4315528 20737 MN 1 0 1 0 0.00000 1.00000 EMILY BRAATEN 300 N MAIN ST AUSTIN MN 55912 0 EMILY BRAATEN 3295 MANAGE GAMBLING ACTIVITIES AND REPORTING ON THE SAME X 1 182495 FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE PRESIDENT, VICE-PRESIDENT, TREASURER, AND SECRETARY OF THE CORPORATION, AND SHALL HAVE THE POWERS AND AUTHORITY OF THE BOARD IN THE MANAGEMENT OF THE BUSINESS AND AFFAIRS OF THE CORPORATION IN THE INTERVALS BETWEEN REGULAR MEETINGS. FORM 990, PART VI, SECTION A, LINE 6 THE AUSTIN AREA COMMISSION FOR THE ARTS IS A CLUB WITH MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE EXECUTIVE COMMITTEE WILL REVIEW THE 990 AND PRESENT IT TO THE FULL BOARD OF DIRECTORS FOR THEIR REVIEW AND APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C POLICY IS REVIEWED ANNUALLY WITH ALL BOARD MEMBERS AND KEY EMPLOYEES. MONITORING FOR CONFLICTS IS DONE CONTINUOUSLY BY EXECUTIVE DIRECTOR. ISSUES WOULD BE REFERRED TO THE BOARD AS APPROPRIATE. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS OF THE ORGANIZATION ARE AVAILABLE FOR REVIEW UPON REASONABLE REQUEST.