2025-11-10T14:56:25-06:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 2689 COMMERCE DRIVE NW SUITE 201 ROCHESTER MN 55901 990 2024-01-01 411650727 THE AUSTIN AREA COMMISSION FOR THE ARTS INC AUST 5074340934 300 NORTH MAIN STREET AUSTIN MN 55912 PENNY KINNEY PRESIDENT 5074340934 2025-10-30 1 0 KATHERINE LUTZKE CPA P01760889 5072802300 2025-10-30 2024 2025-03-06 01:10:19Z AUSTIN AREA ARTS PENNY KINNEY 300 NORTH MAIN STREET AUSTIN MN 55912 5832295 0 X WWW.AUSTINAREAARTS.ORG X 1990 MN APPLAUD AND ADVANCE ALL ARTS BY WELCOMING DIVERSE, CREATIVE INDIVIDUALS TO INSPIRE OUR COMMUNITY. 13 13 10 250 103522 82276 373371 416268 86226 118482 5809 1790 -6671 118792 458735 655332 0 0 0 0 240831 245927 0 0 283 356856 50985 597687 296912 -138952 358420 2520893 3266283 344342 722645 2176551 2543638 AUSTIN AREA ARTS APPLAUDS AND ADVANCES ALL ARTS BY WELCOMING DIVERSE, CREATIVE INDIVIDUALS TO SHARE THEIR UNIQUE TALENTS TO INSPIRE OUR COMMUNITY. 0 0 93465 0 52027 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. 106 RETAIL ARTISTS GENERATED $43,000+ GROSS RETAIL SALES. HOSTED 2 LIVE MUSIC, 5 GALLERY EXHIBITS, 8 OPEN MUSIC JAMS, 22 ADULT ART CLASSES, 48 KIDS ART CLASSES, 21 PRIVATE YOUTH LESSONS, 4 PRIVATE ADULT CLASSES = 95 TOTAL EVENTS. SERVED 814 CHILDREN / 1185 ADULTS = 1,999 TOTAL PLUS 201 ARTISTS. 70272 0 40915 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. 2024 EVENTS: 4 DANCE PERFORMANCE, 3 TOURS, 11 PRIVATE MOVIES, 10 LIVE MUSIC SHOWS, 20 PUBLIC MOVIES, 1 CHILDREN'S PLAY = 49 TOTAL. SERVED 1,665 CHILDREN / 4,419 ADULTS = 6,064 TOTAL PLUS 357 ARTISTS. 34148 0 25540 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. 6,600 VISITORS ENJOYED 63 JURIED FINE ART EXHIBITORS, 8 EMERGING ART EXHIBITORS, 12 HANDS-ON ART EXPERIENCES, 11 MUSIC ACTS, 12 AUTHORS, 6 PERFORMING ARTS OFFERINGS. THE EVENT WAS SUPPORTED BY 69 INDIVIDUAL DONORS, 33 BUSINESS DONORS AND 200+ VOLUNTEER SHIFTS FILLED. 197885 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 57 0 1 10 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 1 0 1 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 MN X KELSEY RITCHIE 5074340934 300 NORTH MAIN STREET 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 ERIN MCCLIMON TREASURER 5.00 X X 0 0 0 RICK YOUNG SECRETARY 5.00 X X 0 0 0 MICHELLE LILLY DIRECTOR 5.00 X X 0 0 0 JOHN BECKMAN DIRECTOR 1.00 X 0 0 0 KANDACE FEIST DIRECTOR 1.00 X 0 0 0 MARIANNE BREMER DIRECTOR 1.00 X 0 0 0 SHANNON SALINAS DIRECTOR 1.00 X 0 0 0 ZACH FADNESS DIRECTOR 1.00 X 0 0 0 AN LE DIRECTOR 1.00 X 0 0 0 EMILY BRAATEN DIRECTOR 1.00 X 0 0 0 BRIANNE ERICKSON DIRECTOR 1.00 X 0 0 0 LAURA HELLE EXECUTIVE DIRECTOR - PART YEAR 40.00 X 19760 0 0 KELSEY RITCHIE INTERIM EXECUTIVE DIRECTOR 40.00 X 67960 0 0 87720 0 0 0 0 0 0 0 6445 97129 312694 416268 ARTWORKS CENTER 711110 52027 52027 PARAMOUNT THEATRE 711110 40915 40915 ARTWORKS FESTIVAL 711110 25540 25540 118482 4811 4811 48330 31546 16784 16784 -1426 18210 3021 -3021 -3021 -3021 34 3589 -3555 -3555 5243755 5138807 104948 104948 OTHER REVENUE 900099 615 615 615 655332 118482 103522 17060 87720 65790 21930 130943 101684 29259 10732 950 9782 16532 12662 3870 26576 26576 12140 12140 24055 16585 7470 18304 11522 6499 283 4981 1346 3635 140362 138357 2005 6981 4728 2253 440 440 101478 100785 693 21304 6141 15163 PRODUCTION, ARTIST FEES 115257 114491 766 REPAIRS AND MAINTENANCE 27497 27497 EDUCATION 19049 18165 884 CREDIT CARDS FEES 7381 5327 2054 -474820 -428145 -46675 296912 197885 98744 283 225313 173473 544712 424506 42796 27254 982 9939 3162957 1483019 1580039 1679938 143575 934649 2520893 3266283 84133 83010 4549 233587 219760 22073 419875 344342 722645 X 1640383 1642580 536168 901058 2176551 2543638 2520893 3266283 358420 8667 0 X 0 1 X 1 0 X 733468 650933 299315 373371 416268 2473355 733468 650933 299315 373371 416268 2473355 1238908 1234447 22674 37764 42020 23079 23021 148558 1544 20737 104948 127229 287 633 11985 59 615 13579 2762721 435854 0.44680 0.45430 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2020 AMOUNT: $ 287. 2021 AMOUNT: $ 633. 2022 AMOUNT: $ 11,985. 2023 AMOUNT: $ 59. 2024 AMOUNT: $ 615. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 140000 140000 2367789 932281 1435508 129222 114705 14517 466216 436033 30183 59730 59730 1679938 CONTRIBUTED RENT 407422 LIFE INSURANCE 112312 RIGHT OF USE ASSET, NET OF ACCUMULATED AMORTIZATION 414915 934649 SECURITY DEPOSIT - RENTAL 2210 LEASE LIABILITY 417665 419875 X 1749485 8667 443226 451893 1297592 -642260 -642260 655332 1382398 443226 642260 1085486 296912 0 296912 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, 2024. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES REPORTED AS REVENUE -3,589. GAMBLING EXPENSES REPORTED AS REVENUE -607,126. RENTAL EXPENSES -31,545. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES REPORTED AS REVENUE 3,589. GAMBLING EXPENSES REPORTED AS REVENUE 607,126. RENTAL EXPENSES 31,545. 5243755 4531681 607126 0 5243755 4531681 607126 5138807 104948 MN 1 0 1 0 0.00000 1.00000 EMILY BRAATEN 300 N MAIN ST AUSTIN MN 55912 0 EMILY BRAATEN 8891 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 213622 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 4 THE ORGANIZATION AMENDED ITS GOVERNING DOCUMENTS TO COMPLY WITH STATE GAMBLING BOARD REGULATIONS BY (1) SETTING A MINIMUM OF 13 BOARD MEMBERS, (2) REMOVING MANDATORY TERM LIMITS WHILE CONTINUING TO ENCOURAGE THEM, AND (3) MAKING THE GAMBLING MANAGER A VOTING BOARD MEMBER. 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 FOR 990 IS PROVIDED BY EMAIL TO EVERY BOARD MEMBER WITH AT LEAST 10 DAYS TO REVIEW BEFORE A VOTE IS HELD TO APPROVE OR DENY APPROVAL OF THE 990. 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.