Nonprofit · EIN 42-1112483
CLEAR LAKE ARTS COUNCIL
Tax-exempt · CLEAR LAKE, IA 50428
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $144,589 | $191,941 | -$47,352 | $1,416,463 | $118,630 | $1,297,833 |
| December 31, 2023 | 990 | $114,892 | $159,056 | -$44,164 | $1,471,721 | $127,684 | $1,344,037 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $119,353
- of which government grants
- $10,000
- Membership dues
- $13,890
- Program service revenue
- $13,807
- Investment income
- $9,601
- Net income from fundraising events
- $4,962
- Net income from sales of inventory
- -$3,134
- Other revenue
- $1,828
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $38,359
- Other salaries and wages
- $5,386
- Salaries, compensation and benefits (total)
- $47,745
- Professional fundraising fees
- $0
- Accounting fees
- $5,225
- Depreciation
- $39,102
- Program services (functional)
- $118,791
- Management and general (functional)
- $47,039
- Fundraising (functional)
- $26,111
Balance sheet and other
- Total assets, start of year
- $1,471,721
- Total assets, end of year
- $1,416,463
- Total liabilities, end of year
- $118,630
- Net assets, end of year
- $1,297,833
- Land, buildings and equipment
- $1,090,221
- Net assets without donor restrictions
- $1,148,431
- Net assets with donor restrictions
- $149,402
- Gross receipts
- $191,090
- Employees
- 2
- Volunteers
- 60
- Year formed
- 1977
- State of legal domicile
- IA
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Julie Primozich | Executive Dir. Officer | 40 | $38,358 |
| Jan Price | Secretary Trustee or director, Officer | 1 | $0 |
| Kathy Ingram | Director Trustee or director | 1 | $0 |
| Tom Dakin | Director Trustee or director | 1 | $0 |
| James Kerns | Director Trustee or director | 1 | $0 |
| Diane Ostendorf | President Trustee or director, Officer | 1 | $0 |
| Mike Sogard | Treasurer Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jessica Myers | Executive Dir. Officer | 40 | $34,883 |
| Kathy Ingram | Secretary Trustee or director, Officer | 1 | $0 |
| Tom Dakin | Director Trustee or director | 1 | $0 |
| Jame Kern | Director Trustee or director | 1 | $0 |
| Diane Ostendorf | President Trustee or director, Officer | 1 | $0 |
| Mike Sogard | Treasurer Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 17 S 4TH ST, CLEAR LAKE, IA 50428-1816
- Principal officer (990 for 2024)
- Diane Ostendorf, 17 South 4th Street, Clear Lake, IA 50428
- Signed the 990
- Diane Ostendorf, President
- Phone
- (641) 357-1998
- Website
- www.ClearLakeArtsCenter.org
- Return prepared by
- POTTER & BRANT PLC
Mission
To ignite the creative spirit through the visual, performing & literary arts. We envision a community in which the arts are creatively woven into the fabric of peoples lives. Citizens & visitors of all ages, skills & backgrounds will be enriched & inspired by this artistic experience.
Program accomplishments
- Arts Programming - provide arts experiences through gallery exhibitions, performances, gift shop, rentals and readings. Approximately 19,200 individuals served. Open studios are provided for a variety of artists with monthly attendance approximating 150.Expenses $64,498
- Arts Outreach - offering art experiences through community partners in a series of off-site events to people of all ages, serving approximately 7,000 individuals. Provide a community annual arts festival drawing 11,000 attendees from a 125 mile radius.Expenses $29,945
- Arts Education - provide educational opportunities throughout the year with an emphasis on visual, performing, and literary arts for all ages, backgrounds and skill levels, including persons with disabilities. Approximately 1,200 individuals actively engaged in our arts education programs throughout the year.Expenses $24,348
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 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 42-1112483
- 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
- 1979
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,416,463
- Income (IRS master file)
- $191,090
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $144,589 | $191,941 | $1,416,463 | XML |
| 990 | December 2023 | $114,892 | $159,056 | $1,471,721 | XML |
| 990 | December 2022 | $102,358 | $193,011 | $1,489,068 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 42-1112483).
Questions about CLEAR LAKE ARTS COUNCIL
- What is the EIN of CLEAR LAKE ARTS COUNCIL?
- The employer identification number (EIN) of CLEAR LAKE ARTS COUNCIL is 42-1112483.
- Is CLEAR LAKE ARTS COUNCIL tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1979.
- Are donations to CLEAR LAKE ARTS COUNCIL tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CLEAR LAKE ARTS COUNCIL 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 CLEAR LAKE ARTS COUNCIL due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CLEAR LAKE ARTS COUNCIL last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of CLEAR LAKE ARTS COUNCIL?
- The 990 for the year ended December 31, 2024 names Diane Ostendorf.
- Who are the officers and directors of CLEAR LAKE ARTS COUNCIL?
- The 990 for the year ended December 31, 2024 lists 7 people; 1 received compensation from the organization, the highest $38,358 (Julie Primozich, Executive Dir.).
- How much revenue does CLEAR LAKE ARTS COUNCIL have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $144,589, expenses of $191,941 and total assets of $1,416,463 at year end.
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