Banfill Locke Center For The Arts
EIN: 411348982 · Minneapolis, MN
| Metric | Value |
|---|---|
| Total Revenue | $150K |
| Total Expenses | $167K |
| Net Assets | $58K |
Is Banfill Locke Center For The Arts Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Banfill Locke Center For The Arts
Banfill Locke Center For The Arts (EIN: 411348982) is a nonprofit organization based in Minneapolis, MN. The organization reported total revenue of $150K and total assets of $127K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Banfill Locke Center For The Arts's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Banfill Locke Center For The Arts is a small nonprofit that has been operating for 47 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 7.6%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $150K |
| Total Expenses | $167K |
| Surplus / Deficit | $-16,898 |
| Total Assets | $127K |
| Total Liabilities | $69K |
| Net Assets | $58K |
| Operating Margin | -11.3% |
| Debt-to-Asset Ratio | 54.5% |
| Months of Reserves | 9.1 months |
Financial Health Grade: C
In 2022, Banfill Locke Center For The Arts reported a deficit of $17K with expenses exceeding revenue, holds 9.1 months of operating reserves (strong position), has a debt-to-asset ratio of 54.5% (high leverage).
Financial Trends
Over 12 years of filings (2011–2022), Banfill Locke Center For The Arts's revenue has grown at a compound annual growth rate (CAGR) of 7.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -18.0% | +35.9% | +66.2% |
| 2021 | +101.3% | +33.6% | +261.0% |
| 2020 | +8.8% | +4.4% | +29.5% |
| 2019 | -23.2% | -14.4% | -18.4% |
| 2018 | -0.1% | +5.4% | +41.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1979 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Banfill Locke Center For The Arts has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Banfill Locke Center For The Arts with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $17K, with expenses exceeding revenue.
- Debt-to-asset ratio: 54.5%.
Frequently Asked Questions about Banfill Locke Center For The Arts
Is Banfill Locke Center For The Arts a legitimate charity?
Banfill Locke Center For The Arts (EIN: 411348982) is a registered tax-exempt nonprofit based in Minnesota. It has 12 years of IRS 990 filings on record. Total revenue: $150K. No red flags identified. Financial health grade: C.
How does Banfill Locke Center For The Arts spend its money?
Banfill Locke Center For The Arts reported $150K in total revenue in IRS 990 filings. 12 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Banfill Locke Center For The Arts tax-deductible?
Banfill Locke Center For The Arts is registered as a tax-exempt nonprofit (EIN: 411348982). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Banfill Locke Center For The Arts located?
Banfill Locke Center For The Arts is headquartered in Minneapolis, Minnesota and files with the IRS under EIN 411348982.
How many years of IRS 990 filings does Banfill Locke Center For The Arts have?
Banfill Locke Center For The Arts has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $150K in total revenue.
Filing History
IRS 990 filing history for Banfill Locke Center For The Arts showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Banfill Locke Center For The Arts's revenue has grown by 124%, moving from $67K to $150K. Total assets increased by 1003.4% over the same period, from $12K to $127K. Total functional expenses rose by 165.5%, from $63K to $167K. In its most recent filing year (2022), Banfill Locke Center For The Arts reported a deficit of $17K, with expenses exceeding revenue. The organization holds $69K in liabilities against $127K in assets (debt-to-asset ratio: 54.5%), resulting in net assets of $58K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $150K | $167K | $127K | $69K | — | View 990 |
| 2021 | $183K | $123K | $76K | $2K | — | — |
| 2020 | $91K | $92K | $21K | $7K | — | — |
| 2019 | $83K | $88K | $16K | $806 | — | View 990 |
| 2018 | $109K | $103K | $20K | $0 | — | View 990 |
| 2017 | $109K | $98K | $14K | $0 | — | View 990 |
| 2016 | $106K | $116K | $12K | $0 | — | View 990 |
| 2015 | $105K | $99K | $22K | $0 | — | View 990 |
| 2014 | $81K | $72K | $16K | $0 | — | View 990 |
| 2013 | $65K | $64K | $7K | $0 | — | View 990 |
| 2012 | $59K | $64K | $6K | $0 | — | View 990 |
| 2011 | $67K | $63K | $12K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $150K, expenses of $167K, and assets of $127K (revenue -18.0% year-over-year).
- 2021: Revenue of $183K, expenses of $123K, and assets of $76K (revenue +101.3% year-over-year).
- 2020: Revenue of $91K, expenses of $92K, and assets of $21K (revenue +8.8% year-over-year).
- 2019: Revenue of $83K, expenses of $88K, and assets of $16K (revenue -23.2% year-over-year).
- 2018: Revenue of $109K, expenses of $103K, and assets of $20K (revenue -0.1% year-over-year).
- 2017: Revenue of $109K, expenses of $98K, and assets of $14K (revenue +2.8% year-over-year).
- 2016: Revenue of $106K, expenses of $116K, and assets of $12K (revenue +0.7% year-over-year).
- 2015: Revenue of $105K, expenses of $99K, and assets of $22K (revenue +28.9% year-over-year).
- 2014: Revenue of $81K, expenses of $72K, and assets of $16K (revenue +25.3% year-over-year).
- 2013: Revenue of $65K, expenses of $64K, and assets of $7K (revenue +10.6% year-over-year).
- 2012: Revenue of $59K, expenses of $64K, and assets of $6K (revenue -12.0% year-over-year).
- 2011: Revenue of $67K, expenses of $63K, and assets of $12K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Banfill Locke Center For The Arts:
Data Sources and Methodology
This transparency report for Banfill Locke Center For The Arts is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.