Eastport Arts Center
- Assets
- $766.5k
- Revenue
- $429.2k
- Investments
- $0.0
- Employees
- 5
- Location
- Eastport, ME
- Founding
- 02/1991
- Data as of
- 12/2023
- EIN
- 01-0436739
Organization Overview
Eastport Arts Center is located in Eastport, ME. The organization was established in 1991. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Eastport Arts Center employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eastport Arts Center is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Eastport Arts Center generated $429.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $291.1k during the year ending 12/2023. While expenses have increased by 1.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO STIMULATE AND NURTURE AN APPRECIATION OF THE VISUAL AND PERFORMING ARTS AND THE CREATIVE PROCESS, AND TO PROVIDE A HOME AND AN ENVIRONMENT WITHIN THE COMMUNITY WHERE THEY CAN PROSPER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE EASTPORT GALLERY HOSTS PUBLIC SHOWS OF LOCAL ARTISTS, OFFERS PUBLIC TALKS BY INDIVIDUAL ARTISTS, AND HAS A GALLERY OPEN TO THE PUBLIC.
TO STIMULATE AND NURTURE AN APPRECIATION OF THE VISUAL AND PERFORMING ARTS AND THE CREATIVE PROCESS.
PERFORMANCES & EVENTS TAKE PLACE ON A REGULAR BASIS THROUGHOUT THE YEAR. THIS INCLUDES CONCERTS, THEATER PRODUCTIONS, DANCING, FILM PRESENTATIONS, WORKSHOPS, LECTURES & DISCUSSIONS, ETC.
THE EDUCATION & OUTREACH PROGRAM INCLUDES ALL ARTS-RELATED EDUCATION AND OUTREACH. THESE INCLUDE ART CLASSES FOR CHILDREN AND ADULTS AT EASTPORT ARTS CENTER AS WELL AS ART CLASSES AND EVENTS IN THE LOCAL SCHOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cathy Adelman Director | Trustee | 2 | $0 |
Jon Bragdon Director | Trustee | 2 | $0 |
Paula Horvath Director | Trustee | 2 | $0 |
Melinda Jaques Director | Trustee | 2 | $0 |
Judith Kempe Director | Trustee | 2 | $0 |
Polly Kipp Current Trea | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $5,613 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $367,610 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $373,223 |
| Total Program Service Revenue | $53,019 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,982 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $429,224 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $90,607 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,931 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,885 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $28,396 |
| Advertising and promotion | $4,539 |
| Office expenses | $31,932 |
| Information technology | $5,282 |
| Royalties | $0 |
| Occupancy | $58,112 |
| Travel | $200 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,077 |
| Insurance | $11,799 |
| All other expenses | $255 |
| Total functional expenses | $291,108 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $264,663 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $70,000 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $426,812 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,000 |
| Total assets | $766,475 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,650 |
| Total liabilities | $5,650 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $760,825 |
| Total liabilities and net assets/fund balances | $766,475 |