Overview
What is Central Minnesota Arts Board?
The Central Minnesota Arts Board is a locally-focused nonprofit organization, situated in Foley, Minnesota. With a dedicated team of five employees, their mission is to foster and elevate the creation, presentation, and appreciation of arts in Benton, Sherburne, Stearns, and Wright counties. They achieve this by providing grants and services to various arts and community organizations, cities, schools, and individuals. These funds support a wide range of initiatives, including arts programming in regional schools, individual artist awards and trainings, youth scholarships for further arts education, public art grants, and initiatives for individuals and cities. The Central Minnesota Arts Board's work significantly contributes to enriching the cultural landscape in its region.
Official website here: www.centralmnartsboard.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 78% (Three-Star out of Four Stars)
The Central Minnesota Arts Board holds a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance. This rating is based entirely on the organization's Accountability & Finance score, which stands at 78%. The board is composed entirely of independent members, ensuring robust governance, and the organization has demonstrated strong financial practices, such as a clean audit and a thorough conflict of interest policy.
Strengths of the Central Minnesota Arts Board include a high program expense ratio of 92.61%, indicating that a significant portion of its funding is directed towards its mission-related activities. The organization also ranks favorably in areas such as documenting board meeting minutes and maintaining transparency with its financial statements.
However, one limitation noted is the liabilities to assets ratio, which is at 68.02%, suggesting that the organization has a somewhat high level of liabilities compared to its assets. While this does not undermine its overall financial health, it may warrant attention for sustainable growth and stability in the future. Overall, the Central Minnesota Arts Board is seen as a responsible steward of resources with strong governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is Central Minnesota Arts Board legitimate?
Central Minnesota Arts Board is a legitimate nonprofit organization registered as a 501(c)(3) entity. Central Minnesota Arts Board submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $87,428
Professional Fundraising Fees: $0
Other Salaries and Wages: $156,317
For more financial information, click here
Official website here: www.centralmnartsboard.org
What is the mission statement of Central Minnesota Arts Board?
The Central Minnesota Arts Board aims to foster and enhance the creation, performance, and appreciation of arts in Benton, Sherburne, Stearns, and Wright counties. To achieve this, they provide grants and services to various arts and community organizations, cities, schools, and individuals. These grants support arts programs, arts education, cultural arts, and arts access. They also offer funding for public art projects and individual artist awards, as well as scholarships for youth to continue their arts education. Overall, the Central Minnesota Arts Board aims to enrich the local arts scene and make arts more accessible to the community.
Official website here: www.centralmnartsboard.org
Who is the CEO of Central Minnesota Arts Board?
Leslie Lecuyer is the Board Member of Central Minnesota Arts Board.
Official website here: www.centralmnartsboard.org
What is the revenue of Central Minnesota Arts Board?
Central Minnesota Arts Board's revenue in 2022 was $1,088,614.
Official website here: www.centralmnartsboard.org
Who are the executives of Central Minnesota Arts Board and what are their salaries?
The average compensation at Central Minnesota Arts Board during 2022 was $48,749. There are 5 employees at Central Minnesota Arts Board.
Here are 10 key members and their salaries:
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Official website here: www.centralmnartsboard.org
Where can I find the form 990 for Central Minnesota Arts Board?
Central Minnesota Arts Board's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.centralmnartsboard.org
Learn more at the official website: www.centralmnartsboard.org
Mission Statement of Central Minnesota Arts Board
The Central Minnesota Arts Board, a notable entity, is committed to promoting and enhancing the creation, performance, and appreciation of the arts in the Minnesota counties of Benton, Sherburne, Stearns, and Wright. To accomplish this, the organization provides grants and services to various arts and community organizations, cities, schools, and individuals. These grants and services primarily support arts, arts access, arts education, and cultural arts. By doing so, the Central Minnesota Arts Board aims to foster a vibrant and thriving arts scene within its designated region.
In more specific terms, the Central Minnesota Arts Board offers financial support to nonprofit arts organizations, enabling them to carry out their artistic endeavors and engage with the local community. The board also funds arts programming in regional schools, ensuring that students have the opportunity to engage with the arts and develop their creative skills. Furthermore, the Central Minnesota Arts Board provides individual artist awards and training, empowering talented artists to hone their craft and contribute to the local arts scene. Additionally, the organization offers youth scholarships to continue their arts education, recognizing the importance of nurturing young artistic talent. Lastly, the Central Minnesota Arts Board grants funds for public art projects, both to individuals and cities, enriching public spaces with artistic expressions.
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Impact
July, 2024
Central Minnesota Arts Board significantly impacts the local arts scene in Minnesota by funding various arts programs. They provide grants to support arts organizations, arts programming in regional schools, individual artist awards and trainings, youth scholarships for arts education, and public art grants to individuals and cities in the counties of Benton, Sherburne, Stearns, and Wright. Through these grants and services, they promote and enhance the creation, performance, and appreciation of the arts in the community, contributing to the cultural vibrancy of the region.
This information is meant to be a general summary of Central Minnesota Arts Board. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $3,343
- Gross Receipts: $1,088,614
Assets and Liabilities:
- Total Assets: $714,262
- Total Liabilities: $493,595
- Net Assets: $220,667
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Organization Details
Founding Year
1979
Phone
(320) 968-4290Principal Officer
Leslie Lecuyer
Main Address
220 4TH AVE N, FOLEY, MN, 56329
Website
www.centralmnartsboard.orgNTEE Category
Code: A26 - Arts
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