2020-08-24T06:56:38-07:00 2018-12-31 421173624 WINTHER STAVE & CO LLP 1316 W 18TH ST PO BOX 175 SPENCER IA 513010175 990 2018-01-01 420930815 PEARSON LAKES ART CENTER PEAR 7123327013 2201 HIGHWAY 71 PO BOX 255 OKOBOJI IA 51355 ROBERT KIRSCHBAUM CEO 2020-08-24 true JOHN P TOALE P01405645 7122623117 2018 2020-11-06 18:47:13Z X MORRIS CAUDLE 2201 HIGHWAY 71 PO BOX 255 OKOBOJI IA 513550255 933940 false false X WWW.lakesart.org X 1966 IA The Organization exists to excite, engage and serve communities within the Iowa Great Lakes Region through our collections, exhibitions, performances, and educational programs; a non-profit center connecting generations of people through exceptional arts experiences. 14 14 20 75 0 700656 697787 223086 305993 506646 -207122 100132 113792 1530520 910450 0 0 319677 310723 0 936 511383 609108 831060 919831 699460 -9381 8677871 9029877 110691 109378 8567180 8920499 The Organization exists to excite, engage and serve communities within the Iowa Great Lakes Region through our collections, exhibitions, performances, and educational programs; a non-profit center connecting generations of people through exceptional arts experiences. false false 464171 305993 THE PEARSON LAKES ART CENTER OPERATES MULTIPLE VISUAL ARTS GALLERIES, A PERFORMING ARTS THEATER AND AN ARTS EDUCATIONAL CENTER THAT OFFERS PROGRAMS, CLASSES, LECTURES, PERFORMANCES AND EXHIBITS ON A YEAR ROUND BASIS. THE ACTIVITIES ACHIEVE THE GOAL OF EXPOSING THE VISUAL AND PERFORMING ARTS TO THE GENERAL PUBLIC IN NORTHWEST IOWA. 464171 true true false false false false false true false true true false false true true false true false false false false false false false true false false false false false false false false false false false false false false false false true false false false false false false false false true 25 0 true 20 true false false false false false false true true false 0 false false false false false false false false false false false false X 14 14 false false false false true false false true true false false true true true true false true true false false X X Juli Johnson 7123327013 2201 HIGHWAY 71 OKOBOJI IA 51355 X JOAN GRONSTAL DIRECTOR 1.00 0.00 X 0 0 0 ABBY WALLECK DIRECTOR 1.00 0.00 X 0 0 0 MARILYN CONOVER Director 1.00 0.00 X 0 0 0 BRAD TRAVIS DIRECTOR 1.00 0.00 X 0 0 0 KATHY BEACHEM Director 1.00 0.00 X 0 0 0 ROSEMARIE WARD Director 1.00 0.00 X 0 0 0 DENNIS WALKER Director 1.00 0.00 X 0 0 0 BECKY PETERS Director 1.00 0.00 X 0 0 0 CONNIE FINNERN DIRECTOR 1.00 0.00 X 0 0 0 TRISTA MCCAFFERY DIRECTOR 1.00 0.00 X 0 0 0 ROB OLDSON Director 1.00 0.00 X 0 0 0 DEB DITSWORTH Treasurer 1.00 0.00 X 0 0 0 DAN CARSON President-elect 1.00 0.00 X 0 0 0 MORRIS CAUDLE President 1.00 0.00 X 0 0 0 ROBERT KIRSHBAUM CEO 48.00 0.00 X 76623 0 0 76623 0 false false false 0 102656 595131 390171 697787 CLASSES, EXHIBITS, SHOWS 305993 305993 305993 -207122 -207122 0 0 5128 5128 5128 5128 0 132154 23490 108664 0 0 0 910450 103999 0 0 0 0 76623 76623 0 198998 98326 100672 0 9056 5049 4007 26046 7527 18519 0 0 10773 10773 0 0 0 0 106906 106906 12141 1090 11051 9716 9716 0 42929 42929 8879 6495 2384 0 0 0 0 183584 183584 25434 25434 PERFORMING ARTS EXPENSE 111563 111563 FACILITY REPAIRS & MAINTENANCE 36004 1086 34918 VISUAL ARTS EXPENSE 31372 31372 EDUCATION EXPENSE 16289 16289 13518 1790 10792 936 919831 464171 454724 936 37003 66988 407689 631023 0 0 0 0 0 0 54637 24652 8167521 3032833 4858186 5134688 1950544 1961664 0 0 0 1369812 1210862 8677871 9029877 40925 34794 69766 74584 110691 109378 X 5451168 5681455 158359 2957653 3239044 8567180 8920499 8677871 9029877 X -9381 362700 X false true X true false X 342565 561689 323583 817986 829941 2875764 267236 225316 226417 223086 305993 1248048 0 0 0 609801 787005 550000 1041072 1135934 4123812 81855 39000 184053 426581 473471 1204960 0 81855 39000 184053 426581 473471 1204960 2918852 539 646 621 1144 1820 4770 0 539 646 621 1144 1820 4770 0 0 610340 787651 550621 1042216 1137754 4128582 0.70700 0.76140 0.00120 0.00100 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1869452 X X X false 2957653 174924 -172157 138491 13044 2808885 2651147 446475 127094 12875 2957653 2563381 52500 172477 125190 12021 2651147 2634218 74110 -629 132023 12295 2563381 2613744 6050 154859 128074 12361 2634218 1.00000 true false false 26035 26035 5489072 2353788 3135284 585852 511824 74028 2066562 167221 1899341 5134688 BENEFICIAL INTEREST IN ENDOWMENT FUNDS 1192144 CIP 18718 1210862 UNEARNED MEMBERSHIP DUES AND REVENUES 74584 74584 1296640 386190 386190 910450 910450 943321 23490 23490 919831 919831 Part III, Line 4: Description of organization's collections and how it furthers its purpose. THE ORGANIZATION HAS A COLLECTION OF APPROXIMATELY 300 WORKS OF ART. THE ORGANIZATION MAINTAINS 4 SEPARATE GALLERIES AT ITS ART CENTER TO DISPLAY THESE WORKS OF ART ON A ROTATING BASIS AND TO ALSO DISPLAY OTHER TRAVELING EXHIBITS. THE ORGANIZATION'S ART CENTER AND ALL OF ITS GALLERIES ARE FREE AND OPEN TO THE PUBLIC TO VIEW DURING REGULAR BUSINESS HOURS ON A YEAR ROUND BASIS. THE ORGANIZATION HAS A PAID STAFF AND A TEAM OF VOLUNTEERS THAT ARE AVAILABLE DURING REGULAR BUSINESS HOURS TO GIVE TOURS OF THE FACILITY AND ITS 4 GALLERIES. Part V, Line 4: Intended uses of the endowment fund. THE INTENDED USE OF THE ORGANIZATION'S ENDOWMENT FUND IS TO UTILIZE THE EARNINGS OF THE ENDOWMENT FUND TO PROVIDE ONGOING ANNUAL SUPPORT TO FUND THE GENERAL OPERATIONS OF THE ORGANIZATION AND TO FUND AS NEEDED SPECIAL MAINTENANCE and capital improvement PROJECTS. Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990 RENTAL EXPENSES (facility & bar) $0 FUNDRAISING EXPENSES $23490 Book contributions different than tax $362700 Part XII, Line 2d: Other expenses and losses per audited F/S RENTAL EXPENSES $0 FUNDRAISING EXPENSES $23490 false JUNE FUNDRAISER 131901 131901 23490 131901 131901 23490 23490 108411 X 1 380671 MARKET PRICE BENCHES 1 9500 COST false true false Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder The Pearson Lakes Art Center offers a variety of memberships to individuals and businesses. It does not have any stockholders. Form 990, Part VI, Line 11b: Form 990 Review Process The finance committee of the board of directors review a draft of Form 990 before it is filed. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts The board of directors reviews any conflicts of interest on an as needed basis when matters of potential conflict arise. The organization is subject to an annual audit that inquires about conflicts of interest. Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management AN EMPLOYEE EVALUATION IS PERFORMED ANNUALLY ON THE CEO BY INDEPENDENT BOARD MEMBERS. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees The board of directors determines the CEO's salary. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available This information can be viewed upon request of the CEO. Other Changes In Net Assets Or Fund Balances - Other Increases Book contributions different than tax = $362700 Amended Explanation Subsequent to the filing of the 2018 Form 990, the Organization received notification from a donor that it was recalling Form 8283 that it had provided the Organization for 2018 and replacing it with a new Form 8283 for 2019. Accordingly, this return is being amended to reflect this recall by the donor which impacted the following:Form 990, Part I, line 8: Total contributions were reduced by $362,700Form 990, Part VIII, lines 1f, 1g, 1h, and 12: Contributions were reduced by $362,700Form 990, Part XI, line 1: Total revenue was reduced by $362,700Form 990, Part XI, line 9: Other changes in net assets was changed to $362,700Schedule A, Section A, line 1(e) and Section B, line 9 (e) and line 13 (e) were reduced by $362,700; Section C, line 15 and Section D, line 17 were adjusted to new percentagesSchedule B, Part 1 and Part II were changed to reflect the removal of the donor's contributionSchedule D, Part III, line 1(b)(i): Revenue was reduced by $362,700Schedule D, Part XI, line 2d: Other was increased by $362,700Schedule M, Part 1, Line 1: Works of art was removed and reduced by $362,700Schedule M, Part 1, line 29: The number of Forms 8283 received was reduced to 0