2024-11-14T11:34:57-06:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 2689 COMMERCE DRIVE NW SUITE 201 ROCHESTER MN 55901 990 2023-01-01 411650727 THE AUSTIN AREA COMMISSION FOR THE ARTS INC AUST 5074340934 300 NORTH MAIN STREET AUSTIN MN 55912 KELSEY RITCHIE INTERIM EXECUTIVE DIRECTOR 5074340934 2024-11-13 1 1 KATHERINE LUTZKE CPA P01760889 5072802300 2024-11-13 2023 2024-10-15 13:58:12Z AUSTIN AREA ARTS PENNY KINNEY 300 NORTH MAIN STREET AUSTIN MN 55912 5691200 0 X WWW.AUSTINAREAARTS.ORG X 1990 MN APPLAUD AND ADVANCE ALL ARTS BY WELCOMING DIVERSE, CREATIVE INDIVIDUALS TO INSPIRE OUR COMMUNITY. 10 10 11 250 -16323 70 299315 373371 115564 86226 1432 5809 33677 -6671 449988 458735 0 0 0 0 227434 240831 0 0 0 559789 356856 787223 597687 -337235 -138952 2713325 2520893 395207 344342 2318118 2176551 AUSTIN AREA ARTS APPLAUDS AND ADVANCES ALL ARTS BY WELCOMING DIVERSE, CREATIVE INDIVIDUALS TO SHARE THEIR UNIQUE TALENTS TO INSPIRE OUR COMMUNITY. 0 0 288730 0 44051 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. 107 RETAIL ARTISTS GENERATED $58,000+ GROSS RETAIL SALES. HOSTED 2 LIVE MUSIC, 5 GALLERY EXHIBITS, 8 OPEN MUSIC JAMS, 26 ADULT ART CLASSES, 48 KIDS ART CLASSES = 89 TOTAL EVENTS. SERVED 668 CHILDREN AND 698 ADULTS = 1,366 TOTAL PLUS 215 ARTISTS. 225246 0 18672 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. 2023 EVENTS: 1 MOVIE PREMIER, 1 HISTORICAL CONFERENCE, 1 MAGIC SHOW, 2 DANCE PERFORMANCES, 2 TOURS, 9 PRIVATE MOVIES, 10 LIVE MUSIC SHOWS, 20 PUBLIC MOVIES=46 TOTAL. SERVED 683 CHILDREN / 1,793 ADULTS = 2,476 TOTAL PLUS 284 ARTISTS. 115240 0 23503 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 52 JURIED FINE ART EXHIBITORS, 8 EMERGING ART EXHIBITORS, 10 HANDS-ON ART EXPERIENCES, 14 MUSIC ACTS, 20 AUTHORS, 6 PERFORMING ARTS OFFERINGS. THE EVENT WAS SUPPORTED BY 73 INDIVIDUAL DONORS, 42 BUSINESS DONORS AND 200+ VOLUNTEER SHIFTS FILLED. 629216 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 42 0 1 11 1 1 1 0 0 0 0 0 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 KELSEY RITCHIE 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 AUSTERE APOLLO DIRECTOR 1.00 X 0 0 0 DOMONIQUE VENZANT DIRECTOR 1.00 X 0 0 0 ISAAC LEYK 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 KRISTEN OLSON DIRECTOR 1.00 X 0 0 0 LAURA S HELLE EXECUTIVE DIRECTOR 40.00 X 78170 0 0 78170 0 0 0 0 0 0 0 9874 180300 183197 373371 ARTWORKS CENTER 711110 44051 44051 ARTWORKS FESTIVAL 711110 23503 23503 PARAMOUNT THEATRE 711110 18672 18672 86226 5809 5809 40621 23351 17270 17270 5349 11921 519 2847 -2328 -2328 5184595 5206267 -21672 -21672 OTHER REVENUE 900099 59 59 59 458735 86226 -16323 15461 78170 58628 19542 137658 116662 20996 8322 2525 5797 16681 13399 3282 23198 23198 557 557 17494 13785 3709 18628 10373 8255 5850 4421 1429 141061 139009 2052 3987 3987 108061 107451 610 17856 14537 3319 PRODUCTION, ARTIST FEES 79012 78614 398 REPAIRS AND MAINTENANCE 30898 29073 1825 EDUCATION 16235 16235 CAPITAL CAMPAIGN 11275 11275 -117256 8685 -125941 597687 629216 -31529 0 212046 225313 538295 544712 6550 0 34004 27254 1103 0 2966824 1386785 1686346 1580039 234981 143575 2713325 2520893 79460 84133 3079 4549 246867 233587 65801 22073 395207 344342 X 1752566 1640383 565552 536168 2318118 2176551 2713325 2520893 -138952 -2615 0 X 0 1 X 1 0 X 347517 733468 650933 299315 373371 2404604 347517 733468 650933 299315 373371 2404604 1209620 1194984 48301 22674 37764 42020 23079 173838 6122 1544 20737 0 28403 10384 287 633 11985 59 23348 2630193 410155 0.45430 0.43370 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2019 AMOUNT: $ 10,384. 2020 AMOUNT: $ 287. 2021 AMOUNT: $ 633. 2022 AMOUNT: $ 11,985. 2023 AMOUNT: $ 59. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 140000 140000 2249648 865115 1384533 446216 407212 39004 130960 114458 16502 1580039 CONTRIBUTED RENT 30785 LIFE INSURANCE 103644 RIGHT OF USE ASSET, NET OF ACCUMULATED AMORTIZATION 9146 143575 SECURITY DEPOSIT - RENTAL 2210 LEASE LIABILITY 19863 22073 X 1210673 -2615 5864 3249 1207424 -748689 -748689 458735 1352240 5864 748689 754553 597687 0 597687 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, 2023. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES REPORTED AS REVENUE -2,847. GAMBLING EXPENSES REPORTED AS REVENUE -717,890. RENTAL EXPENSES -27,952. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES REPORTED AS REVENUE 2,847. GAMBLING EXPENSES REPORTED AS REVENUE 717,890. RENTAL EXPENSES 27,952. 5184595 4488377 717890 0 5184595 4488377 717890 5206267 -21672 MN 1 0 1 0 0.00000 1.00000 EMILY BRAATEN 300 N MAIN ST AUSTIN MN 55912 0 EMILY BRAATEN 7569 SUPERVISING, HIRING, FIRING AND DISCIPLINING GAMBLING EMPLOYEES, INCLUDING AN ASSISTANT GAMBLING MANAGER (IF ANY) IN CONJUNCTION WITH THE EXECUTIVE DIRECTOR. REVIEWING AND MONITORING THE CONDUCT OF GAMES TO THE BENEFIT OF AUSTIN AREA ARTS. DETERMINING THE GAMING PRODUCTS INTO PLAY. ENSURING ALL RECEIPTS AND DISBURSEMENTS HAVE BEEN PROPERLY ACCOUNTANT FOR IN COMPLIANCE WITH STATUTE AND RULE REQUIREMENTS. ENSURING THAT ALL INVENTORY RECORDS HAVE BEEN RECONCILED EACH MONTH. SUPERVISING ALL LICENSING AND REPORTING REQUIREMENTS. ASSURING THAT THE ORGANIZATION IS IN FULL COMPLIANCE WITH ALL STATUES AND RULES RELATED TO MN LAWFUL GAMBLING AND MN DEPARTMENT OF REVENUE. ASSURING THAT ILLEGAL GAMBLING IS NOT CONDUCTED AT A GAMBLING SITE. ATTEND ALL AUSTIN AREA ARTS BOARD MEETINGS TO PRESENT A MONTHLY REPORT. X 1 208865 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. ALL MEMBER HAVE THE SAME RIGHTS AND RESPONSIBILITIES. 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 THE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY WITH ALL BOARD MEMBERS AND KEY EMPLOYEES. ALL BOARD MEMBERS AND KEY EMPLOYEES MUST DISCLOSE ALL POTENTIAL CONFLICTS OF INTEREST THROUGH A SIGNED STATEMENT DISCLOSING ALL MATERIAL FACTS TO THE EXECUTIVE COMMITTEE BEFORE ANY ACTIONS INVOLVING THE POTENTIAL CONFLICT ARE TAKEN. MONITORING FOR CONFLICTS IS DONE CONTINUOUSLY BY EXECUTIVE DIRECTOR, AND ISSUES ARE REFERRED TO THE BOARD AS APPROPRIATE. AFTER DISCLOSURE OF A POTENTIAL CONFLICT AND AFTER GATHERING ANY RELEVANT INFORMATION FROM THE INTERESTED BOARD MEMBER, OFFICER OR KEY PERSON, THE EXECUTIVE COMMITTEE SHALL DETERMINE WHETHER THERE IS A CONFLICT OF INTEREST. THE BOARD MEMBER, OFFICER OR KEY PERSON SHALL NOT BE PRESENT FOR DELIBERATION OR VOTE ON THE MATTER AND MUST NOT ATTEMPT TO INFLUENCE IMPROPERLY THE DETERMINATION OF WHETHER A CONFLICT OF INTEREST EXISTS. THE RESULTS OF THE PROCEEDINGS ARE RECORDED IN THE ORGANIZATION'S MEETING MINUTES. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS OF THE ORGANIZATION ARE AVAILABLE FOR REVIEW UPON REASONABLE REQUEST.