Nonprofit · EIN 41-1944443
SOO VISUAL ARTS CENTER INC
Tax-exempt · MINNEAPOLIS, MN 55408
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $285,572 | $272,965 | $12,607 | $87,446 | $93,219 | -$5,773 |
| June 30, 2024 | 990 | $283,531 | $309,449 | -$25,918 | $81,044 | $99,424 | -$18,380 |
| June 30, 2023 | 990 | $249,179 | $281,846 | -$32,667 | $77,704 | $70,166 | $7,538 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $272,806
- of which government grants
- $94,125
- Membership dues
- $36,804
- Program service revenue
- $0
- Investment income
- $0
- Net income from sales of inventory
- $9,516
- Other revenue
- $12,766
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $70,950
- Other salaries and wages
- $47,070
- Salaries, compensation and benefits (total)
- $135,124
- Professional fundraising fees
- $0
- Accounting fees
- $1,571
- Occupancy
- $55,503
- Depreciation
- $10,499
- Program services (functional)
- $151,895
- Management and general (functional)
- $77,842
- Fundraising (functional)
- $43,228
Balance sheet and other
- Total assets, start of year
- $81,044
- Total assets, end of year
- $87,446
- Total liabilities, end of year
- $93,219
- Net assets, end of year
- -$5,773
- Land, buildings and equipment
- $44,997
- Net assets without donor restrictions
- -$5,773
- Gross receipts
- $307,828
- Employees
- 4
- Volunteers
- 25
- Year formed
- 1999
- State of legal domicile
- MN
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 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CAROLYN PAYNE | EXECUTIVE DIRECTOR Officer | 40 | $61,728 | $9,221 |
| JOHN C LEVY | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| MARC DAVIS | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| GRETCHEN GASTERLAND-GUSTAFSSON | BOARD CHAIR Trustee or director, Officer | 10 | $0 | $0 |
| YIJIA LI | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| ALICIA GIBSON | BOARD SECRETARY Trustee or director, Officer | 5 | $0 | $0 |
| MICHAEL KLEBER-DIGGS | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| CHERIE SHOQUIST | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| FRANK GRAZZINI | BOARD TREASURER Trustee or director, Officer | 10 | $0 | $0 |
| SYED HOSAIN | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| FAWZIA KHAN | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
990 for the year ended June 30, 2024: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CAROLYN PAYNE | EXECUTIVE DIRECTOR Officer | 40 | $65,646 | $8,527 |
| MICHAEL KLEBER-DIGGS | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| CHERIE SHOQUIST | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| SYED HOSAIN | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| YIJIA LI | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| MARC DAVIS | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| JOHN C LEVY | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| ALICIA GIBSON | SECRETARY Trustee or director, Officer | 5 | $0 | $0 |
| FRANK GRAZZINI | TREASURER Trustee or director, Officer | 10 | $0 | $0 |
| GRETCHEN GASTERLAND-GUSTAFSSON | BOARD CHAIR Trustee or director, Officer | 10 | $0 | $0 |
990 for the year ended June 30, 2023: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CAROLYN PAYNE | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $61,662 | $7,887 |
| YIJIA LI | BOARD MEMBER Trustee or director | 5 | $0 | $0 |
| ROBYNE ROBINSON | BOARD MEMBER Trustee or director | 5 | $0 | $0 |
| CHERIE SHOQUIST | BOARD MEMBER Trustee or director | 5 | $0 | $0 |
| MICHAEL KLEBER DIGGS | BOARD MEMBER Trustee or director | 5 | $0 | $0 |
| MARC DAVIS | BOARD MEMBER Trustee or director | 5 | $0 | $0 |
| JOHN C LEVY | BOARD MEMBER Trustee or director | 10 | $0 | $0 |
| HEATHER WULFSBURG | BOARD MEMBER Trustee or director | 10 | $0 | $0 |
| MARK SPENCER | BOARD MEMBER Trustee or director | 5 | $0 | $0 |
| LIZA FERRARI | TREASURER Trustee or director, Officer | 10 | $0 | $0 |
| GRETCHEN GASTERLAND-GUSTAFSSON | BOARD CHAIR Trustee or director, Officer | 10 | $0 | $0 |
| ALICIA GIBSON | SECRETARY Trustee or director, Officer | 10 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2638 LYNDALE AVE S, MINNEAPOLIS, MN 55408-1321
- In care of
- % CAROLYN PAYNE
- Principal officer (990 for 2024)
- CAROLYN PAYNE, 2909 BRYANT AVE S Ste 101, MINNEAPOLIS, MN 55408
- Signed the 990
- CAROLYN PAYNE, EXECUTIVE DIRECTOR
- Phone
- (612) 669-8104
- Website
- WWW.SOOVAC.ORG
- Return prepared by
- Prudent Accountants
Mission
SOO VISUAL ARTS CENTER IS A NONPROFIT ART SPACE THAT CONNECTS OUR COMMUNITY WITH FRESH, UNDER-REPRESENTED AND PROVOCATIVE ART.
Program accomplishments
- GALLERY EXHIBITIONS: SOO VISUAL ARTS CENTER SCHEDULES A YEAR-ROUND CALENDAR OF EXHIBITS IN OUR GALLERY. ALL EXHIBITS ARE AUGMENTED WITH FREE OPENING EVENTS AND FREE ADMISSION TO THE GALLERY. OUR CURATORIAL FOCUS PROMOTES CONTEMPORARY ARTISTS WHOSE WORK CHALLENGES AND EXPANDS CONVENTIONAL NOTIONS OF AESTHETICS AND IDEOLOGY.IN THIS FISCAL YEAR, WE PRODUCED NINE EXHIBITIONS ONSITE, EIGHT EXHIBITIONS WITH COMMUNITY PARTNERS AND EXHIBITED 122 ARTISTS.Expenses $106,327
- SOO VISUAL ARTS CENTER IN PERSON COMMUNITY PROGRAMMING: SOO VISUAL ARTS CENTER HAS SEVERAL TYPES OF COMMUNITY PROGRAMMING FOR STUDENTS, ARTISTS, EDUCATORS AND THE GENERAL PUBLIC. IN THIS FISCAL YEAR, WE HELD ART OPENINGS, ARTIST TALKS, TOURS FOR STUDENTS AND OTHER GROUPS FROM OUR COMMUNITY.Expenses $22,784
- INTERNSHIP PROGRAM: 6 INTERNSHIPS PROVIDING EXPERIENCE AND MENTORSHIP TO EMERGING ARTISTS, DESIGNERS AND NONPROFIT PROFESSIONALS.Expenses $22,784
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 41-1944443
- 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
- 1999
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A51)
- Assets (IRS master file)
- $87,446
- Income (IRS master file)
- $307,828
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $285,572 | $272,965 | $87,446 | IRS |
| 990 | June 2024 | $283,531 | $309,449 | $81,044 | IRS |
| 990 | June 2023 | $249,179 | $281,846 | $77,704 | XML |
| 990 | June 2022 | $255,338 | $255,504 | $67,768 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | 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 41-1944443).
Questions about SOO VISUAL ARTS CENTER INC
- What is the EIN of SOO VISUAL ARTS CENTER INC?
- The employer identification number (EIN) of SOO VISUAL ARTS CENTER INC is 41-1944443.
- Is SOO VISUAL ARTS CENTER INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to SOO VISUAL ARTS CENTER INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SOO VISUAL ARTS CENTER INC 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 SOO VISUAL ARTS CENTER INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SOO VISUAL ARTS CENTER INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of SOO VISUAL ARTS CENTER INC?
- The 990 for the year ended June 30, 2025 names CAROLYN PAYNE.
- Who are the officers and directors of SOO VISUAL ARTS CENTER INC?
- The 990 for the year ended June 30, 2025 lists 11 people; 1 received compensation from the organization, the highest $61,728 (CAROLYN PAYNE, EXECUTIVE DIRECTOR).
- How much revenue does SOO VISUAL ARTS CENTER INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $285,572, expenses of $272,965 and total assets of $87,446 at year end.
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