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Faribault Art Center Inc

EIN 41-1381314 · Faribault, MN

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthWeak39 out of 100GovernanceFair61 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

ART FACILITY AVAILABLE TO THE PUBLIC PROVIDING CLASSES AND PROMOTING ARTS THROUGH EXHIBITS, FESTIVALS, PLAY PRODUCTIONS, AND OTHER PROGRAMS.

Income
$467,473
Spending
$489,036
Spent on programs
93%
Reserves
-5 months of spending
Largest source of income
fees for its services, 52%
Employees
7
Volunteers
606
Highest pay
$61,040, executive di

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Weak: 39 out of 100. Higher than 9% of charities in its peer group (arts and culture, $250k to $1m).

  • Reserves

    0 of 35

    Spendable reserves are negative: it owes or has committed more than it holds.

  • Debt

    16 of 20

    It owes 18% of what it owns.

  • Living within its means

    8 of 15

    Spending exceeded income by 5% of income.

  • Income trend

    0 of 15

    Income fell 40% on the year before.

  • Spending floor

    15 of 15

    93% of spending went to programs and raising each dollar of donations cost 2 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Fair: 61 out of 100. Higher than 34% of charities in its peer group (arts and culture, $250k to $1m).

  • Independent board

    25 of 25

    14 of 14 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • Independent check of accounts

    6 of 15

    Its accounts were not audited or reviewed by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (3)
  1. $398,846 spent. THEATRICAL PRODUCTIONS AND EVENTS: PROVIDE COMMUNITY THEATER TO ALLOW MEMBERS OF THE COMMUNITY THE OPPORTUNITY TO PARTICIPATE IN LOCAL PRODUCTIONS. PROVIDE A VENUE FOR COMMUNITY GROUPS TO HAVE SHOWS AND EVENTS. PROVIDE A VENUE FOR THE PRODUCTIONS OF NON-PROFIT THEATER GROUPS. PROVIDE A VENUE FOR CONCERTS, COMMUNITY TALENT SHOWS, AND OTHER ART EXPERIENCES FOR THE COMMUNITY. 8829 TICKETS WERE SOLD IN 2024. OVERALL OVER 12,000 PEOPLE PARTICIPATED ACROSS ALL PROGRAMMING (FREE AND TICKED).
  2. $19,613 spent. ART CLASSES: PROVIDE ACCESS TO VISUAL AND PERFORMING ARTS CLASSES FOR COMMUNITY MEMBERS INCLUDING CLASSES FOR AT- RISK YOUTH AND THE UNDERSERVED POPULATIONS. 227 STUDENTS ENRAOLLED IN 2024.
  3. $9,667 spent. ART GALLERY: PROVIDE A GALLERY FOR LOCAL ARTISTS TO DISPLAY THEIR WORK AND TO ASSIST THESE ARTISTS IN THEIR DEVELOPMENT, BOTH AS ARTISTS AND IN BUILDING CAREERS IN THOSE FIELDS. THE GALLERY ALSO SERVES AS A TEACHING TOOL FOR LOCAL STUDENTS TO STUDY ART TECHNIQUES AND METHODS.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since January 1964.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.