Arts Nest is an arts and culture nonprofit based in Minneapolis, MN, formed in 2014.
For fiscal year 2024 it reported $209K in revenue, $214K in expenses, and $215K in net assets.Pt I
Where the money goes · FY2024
Total revenue
$209K
Pt VIII · Ln 12
Total expenses
$214K
Pt IX · Ln 25
Net assets
$215K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$5K
Where spending went · Part IX cols B–D
82%
16%
Program services $0.82 Management & general $0.16 Fundraising $0.02
Program efficiency
82%
of spending reaches programs
Operating runway
3.0mo
months of highly liquid reserves at operating expense rate▲ +15% vs prior filing year
Surplus margin
-2%
revenue over expenses, this year▲ +86% vs prior filing year
Summary of the Filing
Part I · fiscal year 2024 · Form 990
Revenue
$209K
FY2024▲ +33%
$209K$104K$0
FY2022FY2024
Total revenue
$209K
Pt VIII · Ln 12
Total expenses
$214K
Pt IX · Ln 25
Net assets
$215K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$5K
Total assetsPt X · Ln 16$215K
Program-expense ratioPt IX · col B82%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 44
Mission & Programs · Part III
Where the work happens
3 program services account for $174K of program spending, described in the organization's own filed words · FY2024.
01
The phoenix hosts approximately 40 productions annually, produced by emerging groups and individuals looking to hone professional skills, experiment with their craft, and support the minneapolis community. We provide extra support to bipoc producers emerging in the field.
$122Kprogram expense
02
Arts nest produces compelling works that give local talent the opportunity to tell their stories. By taking on the burden of production costs, arts nest amplifies these emerging voices. The 2024-25 season saw two major productions involving 40 local artists, with about 1,500 locals attending the shows in person.
$28Kprogram expense
03
Hatch is a low-cost education program for local artists and performers looking to improve performance skills. It also assists educators in the space with establishing and refining their skills. Hatch served approximately 200 artists in the 2024-25 season.
Jenna Papke’s $33K as Executive Di
is at the 27th percentile of top reported officer pay among 2213 $100K–1M arts & culture nonprofits.
Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 5 named individuals · Part VII
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.
Individual Jenna Papke · Reported title EXECUTIVE DI · Highest reported compensation $33K · Total expenses $214K
15%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $42K · Total expenses $214K
20%
Peer comparison
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
Metric
This org
Peer median
Percentile
Program ratio
82%
—
—
Overhead ratio
16%
—
—
Fundraising cost ratio
6%
—
—
Revenue growth
33%
—
—
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
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Sources
Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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the organization.