Redlin Art Center EIN 46-0445310 Form 990 (PDF) Claim this org

Redlin Art Center FY2022 filing

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Operates an art museum for the public's enjoyment and education. For fiscal year 2022 it reported $787K in revenue, $1.5M in expenses, and $25.9M in net assets.Pt I

Type
Public charity (501(c)(3)) · Nonprofit
Location
Watertown, SD
Website
www.redlinart.com
Filings
6 on file (2019–2022)
Revenue
$787KFY2022
Expenses
$1.5M
Net assets
$25.9M
People
4
Filings
6
Updates
0
More identity details & actions ⌄
EIN  46-0445310 Public charity (501(c)(3)) Watertown, SD
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Size
$1–10M
What they do
Operates an art museum for the public's enjoyment and education.
Leadership
Julie Ranum · Executive Director · $122K
Money in and out
$787K revenue, $1.5M expenses
Where the money goes · FY2022
Total revenue
$787K
Pt VIII · Ln 12
Total expenses
$1.5M
Pt IX · Ln 25
Net assets
$25.9M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$706K
Where spending went · Part IX cols B–D
Program services $0.60 Management & general $0.40

Summary of the Filing

Part I · fiscal year 2022 · Form 990-T
Revenue
$787K
FY2022▼ -46%
Expenses
$1.5M
FY2022▲ +2%
Total assets
$25.9M
FY2022▼ -5%
Total liabilities
$12K
FY2022▼ -28%
Total revenue
$787K
Pt VIII · Ln 12
Total expenses
$1.5M
Pt IX · Ln 25
Net assets
$25.9M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$706K
Total assetsPt X · Ln 16$25.9M
Program-expense ratioPt IX · col B60%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 42

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CRedlin Art Center
EINHdr · item D46-0445310
Principal addressHdr · item CWatertown, SD
WebsiteHdr · item Jwww.redlinart.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MSD
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFMay 2011

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b2
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$122,252Pt VII · Sec A
$0Pt VII · Sec A
Vicepresident
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020FY2019
Julie Ranum$139,324$422,006$122,252$124,104$114,231$110,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

1 program service account for $893K of program spending, described in the organization's own filed words · FY2022.
01

Sale of prints and collectibles containing redlin art images in the museum gift shop.

$893Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue125%$985K
Contributions & grants$2K
Total revenueLn 12$787K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.60 Management & general $0.40
Program services60%$893K
Management & general40%$600K
Total functional expensesLn 25$1.5M

Balance Sheet

Part X · end of year
CashLn 1$132K
Total assetsLn 16$25.9M
Total liabilitiesLn 26$12K
Total net assetsLn 32$25.9M
Months of cash on handcomputed1.1

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$1.2M revenue · ⤓ 990 PDF
FY2023$909K revenue · ⤓ 990 PDF
FY2022$787K revenue · viewing · ⤓ 990 PDF
FY2021$1.5M revenue · ⤓ 990 PDF
FY2020$6.0M revenue · ⤓ 990 PDF
FY2019$1.2M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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