Ars Inc
- Assets
- $3.0m
- Revenue
- $73.7k
- Investments
- $0.0
- Employees
- 1
- Location
- W Chesterfield, NH
- Founding
- 12/1980
- Data as of
- 12/2022
- EIN
- 02-0354220
Organization Overview
Ars Inc, operating under the name Welcome Hill Studios, is located in W Chesterfield, NH. The organization was established in 1980. According to its NTEE Classification (A90) the organization is classified as: Arts Services, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Welcome Hill Studios 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 12/2022, Welcome Hill Studios generated $73.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (37.5%) each year. All expenses for the organization totaled $150.0k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE STUDIOS TO ARTISTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE STUDIOS TO ARTISTS. PROGRAM SERVICE EXPENSES INCLUDE ALL UTILITIES, REPAIRS, GROUNDS MAINTENANCE AND PROPERTY TAXES FOR STUDIOS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebecca Davison President/di | Officer | $0 | |
Lynne Borofsky Vice Preside | Officer | $0 | |
Debra Dill Treasurer/di | Officer | $0 | |
Patricia P Hill Director | Trustee | $0 | |
Nancy Brooks Brody Director | Trustee | $0 | |
Lise Weil Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $100 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $100 |
| Total Program Service Revenue | $15,160 |
| Investment income | $58,237 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $251 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $73,748 |
| 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 | $42,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,613 |
| Payroll taxes | $3,211 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,960 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $40,257 |
| Fees for services: Other | $0 |
| Advertising and promotion | $612 |
| Office expenses | $1,034 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $39,122 |
| Travel | $0 |
| 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 | $5,689 |
| Insurance | $6,481 |
| All other expenses | $0 |
| Total functional expenses | $149,979 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,353 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $45,781 |
| Investments—publicly traded securities | $2,973,815 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,034,949 |
| Accounts payable and accrued expenses | $1,267 |
| 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 | $0 |
| Total liabilities | $1,267 |
| Net assets without donor restrictions | $3,033,682 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $3,034,949 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Marian And Edward Macdowell Inc Peterborough, NH | $48,219,199 | $6,095,551 |
Emerson Umbrella Inc Concord, MA | $30,113,368 | $2,641,232 |
Jane And Jack Fitzpatrick Tr Stockbridge, MA | $16,814,843 | $2,150,036 |
Arts & Business Council Of Greater Boston Inc Boston, MA | $2,249,876 | $1,470,654 |
Artspace Inc Maynard, MA | $206,340 | $437,967 |
Copley Society Of Art Boston, MA | $480,806 | $440,998 |
Follow Your Art Community Studios Inc Melrose, MA | $570,797 | $473,961 |
Common Wealth Mural Collaborative Granby, MA | $116,563 | $391,697 |
Workshop 13 Inc Ware, MA | $416,277 | $478,924 |
Hillfest Events New Ipswich, NH | $203,681 | $327,737 |
St Botolph Club Foundation Boston, MA | $1,313,497 | $273,996 |
Artists West Association Inc Waltham, MA | $38,176 | $0 |
Ars Inc W Chesterfield, NH | $3,034,949 | $73,748 |
A Brush With History Inc Lowell, MA | $90,233 | $0 |
Altri Foundation Brookline, MA | $3,542 | $1,835 |
Vanderlip Heritage Fund Inc Henniker, NH | $46,943 | $1,500 |
Gerald Mcdermott Foundation Inc Florence, MA | $48,210 | $20,000 |
Geek Merchants Guild Malden, MA | $60 | $0 |