Nonprofit · EIN 27-3029065
INVERTED ARTS
Tax-exempt · OWATONNA, MN 55060
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $130,465 | $140,798 | -$10,333 | $12,852 | $650 | $12,202 |
| December 31, 2024 | 990-EZ | $140,824 | $133,074 | $7,750 | $23,106 | $571 | $22,535 |
| December 31, 2023 | 990-EZ | $137,291 | $143,000 | -$5,709 | $15,063 | $278 | $14,785 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $130,465
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $31,093
- Compensation of officers, directors and key employees
- $55,200
- Salaries, compensation and benefits (total)
- $71,892
- Professional fees and payments to contractors
- $14,000
- Occupancy
- $1,775
- Printing, publications and postage
- $1,274
- Other expenses
- $20,764
- Program services (functional)
- $121,673
Balance sheet and other
- Total assets, start of year
- $23,106
- Total assets, end of year
- $12,852
- Total liabilities, end of year
- $650
- Net assets, end of year
- $12,202
- Cash, savings and investments
- $12,852
- Gross receipts
- $130,465
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Mark Collier | President & Director | 40 | $54,000 | $12,600 |
| Joe Davis | Arts Leader & Director | 3 | $1,200 | $0 |
| Nancy Ackerman | Secretary & Director | 2 | $0 | $0 |
| Bret Deneson | Treasurer & Director | 2 | $0 | $0 |
| David Toll | Director | 2 | $0 | $0 |
| Tryenese Jones | Director | 2 | $0 | $0 |
990-EZ for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Mark Collier | President & Director | 40 | $54,000 | $10,308 |
| Joe Davis | Arts Leader & Director | 4 | $1,450 | $0 |
| Bret Deneson | Secretary & Director | 2 | $0 | $0 |
| David Toll | Director | 2 | $0 | $0 |
| Tryenese Jones | Director | 2 | $0 | $0 |
990-EZ for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Mark Collier | President & Director | 40 | $54,000 | $10,308 |
| Joe Davis | Arts Leader & Director | 4 | $1,400 | $0 |
| Bret Deneson | Secretary & Director | 2 | $0 | $0 |
| David Toll | Director | 2 | $0 | $0 |
| Tryenese Jones | Director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 202 N CEDAR AVE STE 1, OWATONNA, MN 55060-2306
- In care of
- % MARK COLLIER
- Signed the 990-EZ
- Mark Collier, President
- Phone
- (763) 567-0780
- Website
- www.invertedarts.org
Mission
Empower young people to overcome challenges through art
Program accomplishments
- Kenyan Small Business Partners - Provided small business grants and training to three scholarship graduates to help them lead small businesses that use their entrepreneurial skills to bring valued goods, services and employment to their communities.Expenses $37,414 · grants $11,646
- Kenya Mathare Community - Provided 4-year scholarship awards for students who have graduated from Mathare Community Outreach and are furthering their artistic studies at a college level. Provided resources and management for an annual Art Camp for 75-100 students led by Kenyan Artist Mentors.Expenses $26,311 · grants $7,000
- Liberia Mission of Hope - Provided 4-year scholarship awards for students at the Mission of Hope for the Disabled and are furthering their artistic studies at a college level. Provided resources and management for an annual Art Camp for 125-150 students led by Liberian Artist Mentors.Expenses $24,322 · grants $8,875
- All other programs, including Art Camps, Art Exploration Programs and Studio Projects.Expenses $33,626 · grants $3,572
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-EZ on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 27-3029065
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2010
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A25)
- Assets (IRS master file)
- $12,852
- Income (IRS master file)
- $130,465
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $130,465 | $140,798 | $12,852 | IRS |
| 990-EZ | December 2024 | $140,824 | $133,074 | $23,106 | IRS |
| 990-EZ | December 2023 | $137,291 | $143,000 | $15,063 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 27-3029065).
Questions about INVERTED ARTS
- What is the EIN of INVERTED ARTS?
- The employer identification number (EIN) of INVERTED ARTS is 27-3029065.
- Is INVERTED ARTS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
- Are donations to INVERTED ARTS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INVERTED ARTS file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of INVERTED ARTS due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INVERTED ARTS last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who are the officers and directors of INVERTED ARTS?
- The 990-EZ for the year ended December 31, 2025 lists 6 people; 2 received compensation from the organization, the highest $54,000 (Mark Collier, President & Director).
- How much revenue does INVERTED ARTS have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $130,465, expenses of $140,798 and total assets of $12,852 at year end.
Other nonprofits in OWATONNA
- LITTLE THEATRE OF OWATONNA INC EIN 41-1318377 · last filed 990 for 2025
- OWATONNA MARCHING BAND BOOSTERS EIN 84-1933763 · last filed 990-EZ for 2025
- OWATONNA ARTS CENTER FOUNDATION EIN 55-0834856 · last filed 990-EZ for 2025
- THE NATIONAL FOUNDATION FOR MUSICAL THEATRE INC EIN 83-1537885 · last filed 990 for 2024
- MINNESOTA FILM CRITICS ASSOCIATION EIN 99-4001569 · last filed 990-N for 2025
- INSTRMNTAL EIN 33-3716851 · last filed 990-N for 2025
- OWATONNA SYMPHONY ORCHESTRA EIN 80-0957640 · last filed 990-N for 2025
- HARRY WENGER MARCHING BAND FESTIVAL INC EIN 35-2465716 · last filed 990-N for 2025
All nonprofits in OWATONNA · Minnesota · Arts, culture and humanities