Overview
What is Southeastern Minnesota Arts Council Inc?
The Southeastern Minnesota Arts Council Inc, located in Rochester, Minnesota, is a dedicated nonprofit organization with a mission to stimulate, foster, and support regional arts development. They achieve this goal through various means, including leadership, outreach, advocacy, mentorship, grant provision, and service delivery. The council's primary function is to provide financial assistance to its constituents and cover related operational expenses and technical services. With a modest workforce of two individuals, they play a pivotal role in nurturing the artistic landscape of their region.
Official website here: www.semac.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 69%, Two-Star out of Four Star rating. This rating indicates that the Southeastern Minnesota Arts Council Inc has met some standards for accountability and transparency but falls short in several key areas. Achieving a score of 69% suggests there are opportunities for improvement, particularly in governance and board independence.
One of the organizational strengths highlighted includes a strong financial oversight with a perfect score for the Audit and Oversight Committee and proper policies in place for conflict of interest, whistleblowing, and document retention. Additionally, the charity demonstrates a commitment to program spending, as evidenced by a high program expense ratio of 25 out of 25, indicating that funds are used effectively for its mission.
However, the organization faces notable limitations, particularly regarding the independence of its board members, with none of the eight board members being independent. The organization also scored poorly in the liabilities to assets ratio, which raises concerns about its financial stability. Furthermore, there is a lack of transparency as the tax form is not posted on the nonprofit’s website, which could impact public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Southeastern Minnesota Arts Council Inc legitimate?
Southeastern Minnesota Arts Council Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southeastern Minnesota Arts Council Inc 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: $185,121
Professional Fundraising Fees: $0
Other Salaries and Wages: $71,601
For more financial information, click here
Official website here: www.semac.org
What is the mission statement of Southeastern Minnesota Arts Council Inc?
The Southeastern Minnesota Arts Council Inc exists with the purpose of fostering, promoting, and assisting in regional arts development. They achieve this goal by providing leadership, outreach, advocacy, mentorship, grants, and various services. This organization aims to encourage artistic growth and engagement within the community. Their activities include offering guidance, advocating for the arts, providing financial assistance through grants, and offering technical services. Overall, the Southeastern Minnesota Arts Council Inc is dedicated to supporting and nurturing the arts scene in their region.
Official website here: www.semac.org
Who is the CEO of Southeastern Minnesota Arts Council Inc?
Laura Helle is the President of Southeastern Minnesota Arts Council Inc.
Official website here: www.semac.org
What is the revenue of Southeastern Minnesota Arts Council Inc?
Southeastern Minnesota Arts Council Inc's revenue in 2022 was $1,469,801.
Official website here: www.semac.org
Who are the executives of Southeastern Minnesota Arts Council Inc and what are their salaries?
The average compensation at Southeastern Minnesota Arts Council Inc during 2022 was $128,361. There are 2 employees and 22 volunteers at Southeastern Minnesota Arts Council Inc.
Here are 11 key members and their salaries:
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- Compensation: $112,332
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- Other: $72,789
Official website here: www.semac.org
Where can I find the form 990 for Southeastern Minnesota Arts Council Inc?
Southeastern Minnesota Arts Council Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.semac.org
Learn more at the official website: www.semac.org
Mission Statement of Southeastern Minnesota Arts Council Inc
Southeastern Minnesota Arts Council Inc, abbreviated as SEMAC, is committed to fostering, promoting, and aiding regional arts development. This is accomplished through various means, such as providing leadership, outreach, advocacy, mentorship, and grants. SEMAC also offers technical services and assistance to further stimulate arts development within the region. In essence, their mission is to serve as a catalyst for the growth and enhancement of the arts community, fostering an environment that encourages creativity and innovation.
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Impact
July, 2024
Southeastern Minnesota Arts Council Inc plays a pivotal role in promoting, encouraging, and assisting regional arts development by providing leadership, outreach, advocacy, mentorship, grants, and services in the Southeastern Minnesota area. Through its ACHF program, SEMAC offers grants to constituents and supports related operating expenses and technical services. This organization based in Rochester, MN, is dedicated to enhancing the regional arts scene and supporting artists in their creative endeavors. Its impact is demonstrated through the nurturing of artistic talent, the facilitation of cultural expression, and the enrichment of the local community through various artistic initiatives.
This information is meant to be a general summary of Southeastern Minnesota Arts Council Inc. 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: $74
- Gross Receipts: $1,469,801
Assets and Liabilities:
- Total Assets: $551,106
- Total Liabilities: $423,311
- Net Assets: $127,795
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Organization Details
Founding Year
1977
Phone
(507) 281-4848Principal Officer
Laura Helle
Main Address
2778 D COMMERCE DRIVE NW, ROCHESTER, MN, 55901
Website
www.semac.orgNTEE Category
Code: A40 - Arts
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