2015-11-11T08:28:54-08:00 2014-12-31 WINTHER STAVE & CO LLP 1316 W 18TH ST PO BOX 175 SPENCER IA 513010175 990 2014-01-01 420930815 PEARSON LAKES ART CENTER PEAR 7123327013 2201 HIGHWAY 71 PO BOX 255 OKOBOJI IA 51355 TERRY YARNS President 2015-11-11 true JOHN P TOALE P01405645 7122623117 2014 2016-02-25 16:41:14Z 810151 false false X WWW.lakesart.org X 1966 IA To MAKE THE ARTS AVAILABLE TO ALL CITIZENS AND VISITORS OF THE IOWA GREAT LAKES AREA. 14 14 20 80 0 263728 236514 248770 267236 409444 175192 128255 83518 1050197 762460 0 0 315234 286207 0 0 469361 503569 784595 789776 265602 -27316 8074252 8027435 136992 117491 7937260 7909944 To MAKE THE ARTS AVAILABLE TO ALL CITIZENS AND VISITORS OF THE IOWA GREAT LAKES AREA. false false 509719 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. 509719 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 false true false false false false false false false false true 33 0 true 20 true false false false false false false true true false 0 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 JOANNE SACKETT Director 1.00 0.00 X 0 0 0 RYAN SATHER Director 1.00 0.00 X 0 0 0 SCOTT TRAUTMAN Director 1.00 0.00 X 0 0 0 DEB DITSWORTH Secretary 1.00 0.00 X X 0 0 0 DEBBIE PARKS 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 DAVE ROWLEY Director 1.00 0.00 X 0 0 0 KITTY CONOVER Director 1.00 0.00 X 0 0 0 JIM HUSSONG Director 1.00 0.00 X 0 0 0 TERRY YARNS President 1.00 0.00 X X 0 0 0 JOE FITZGIBBONS Director 1.00 0.00 X 0 0 0 JANE HUMMEL Past President 1.00 0.00 X X 0 0 0 TOM TOURVILLE CEO 48.00 0.00 X 51448 0 0 STEPHEN LINDEBERG CEO 48.00 0.00 X 35272 0 0 86720 0 false false false 0 107784 128730 11000 236514 CLASSES, EXHIBITS, SHOWS 267236 267236 267236 175192 175192 0 0 25158 21187 3971 3971 3971 0 106051 26504 79547 0 0 0 762460 267236 179163 0 0 0 0 86720 86720 0 166061 166061 0 11517 4584 6933 21909 14953 6956 0 0 9925 9925 0 0 12361 12361 8450 8450 12702 12702 46269 15114 31155 9240 9240 0 68513 68513 10051 5151 4900 0 0 0 0 155152 155152 0 PROGRAM/EXHIBITS 128711 128711 FACILITY REPAIRS & MAINTENANCE 33518 33518 OTHER EXPENSES 8677 7291 1386 0 789776 509719 280057 0 47010 27576 249842 273140 70350 55750 0 0 0 0 0 53174 44261 7708211 2962984 4817034 4745227 1582056 1640227 0 0 0 1254786 1241254 8074252 8027435 68137 45551 68855 71940 136992 117491 X 5266999 5217062 56517 58664 2613744 2634218 7937260 7909944 8074252 8027435 -27316 X false true X true false X 391130 792626 286404 402754 342565 2215479 233355 265194 297052 248770 267236 1311607 0 0 0 624485 1057820 583456 651524 609801 3527086 120095 582225 50850 134334 81855 969359 0 120095 582225 50850 134334 81855 969359 2557727 344 692 818 610 539 3003 0 344 692 818 610 539 3003 0 0 624829 1058512 584274 652134 610340 3530089 0.72460 0.66850 0.00090 0.00110 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1336016 X X X false 2613744 6050 154859 128074 12361 2634218 2273260 101000 364998 113669 11845 2613744 2129871 22854 249442 118596 10311 2273260 2235960 30302 19505 144882 11014 2129871 2053036 56352 220176 42273 40500 10831 2235960 0.10000 0.90000 true false false 26035 26035 5053447 1767763 3285684 1104954 1012086 92868 1523775 183135 1340640 4745227 BENEFICIAL INTEREST IN ENDOWMENT FUNDS 1241254 1241254 UNEARNED MEMBERSHIP DUES AND REVENUES 71940 71940 797790 47691 47691 750099 12361 12361 762460 825106 47691 47691 777415 12361 12361 789776 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) $21187 FUNDRAISING EXPENSES $26504 Part XII, Line 2d: Other expenses and losses per audited F/S FUNDRAISING EXPENSES $26504 RENTAL EXPENSES $21187 false JUNE FUNDRAISER 82397 82397 14786 GOLF TOURNAMENT 13445 13445 7756 1 9979 9979 2813 105821 105821 25355 25355 80466 X 1 11000 APPRAISAL 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.