Burlington City Arts Foundation Inc
- Assets
- $1.8m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Burlington, VT
- Founding
- 03/1998
- Data as of
- 06/2021
- EIN
- 03-0354963
Organization Overview
Burlington City Arts Foundation Inc is located in Burlington, VT. The organization was established in 1998. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, 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. Burlington City Arts Foundation Inc 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 06/2021, Burlington City Arts Foundation Inc generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.8% each year . All expenses for the organization totaled $627.5k during the year ending 06/2021. While expenses have increased by 8.8% per year over the past 6 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.
Since 2015, Burlington City Arts Foundation Inc has awarded 17 individual grants totaling $2,285,168. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT BURLINGTON CITY ARTS' ACTIVITIES AND PROGRAMS, AND TO SUPPORT VERMONT ARTISTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BCA FOUNDATION RAISED FUNDS TO SUPPORT THE RENOVATION OF 405 PINE STREET BUILDING TO CREATE MORE AFFORDABLE ART SPACE IN BURLINGTON. BCAF ALSO RAISED FUNDS TO SUPPORT THE WORK OF BURLINGTON CITY ARTS, ACTED AS A FISCAL SPONSOR FOR A FEW ORGANIZATIONS AND PROJECTS, AND FUNDRAISED FOR AND DISTRIBUTED AN ART PRIZE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doug Griswold Chair | OfficerTrustee | 2 | $0 |
Billi Gosh Vice Chair | OfficerTrustee | 1 | $0 |
Mitzi Blake Treasurer | OfficerTrustee | 0.5 | $0 |
Michael Metz Secretary | OfficerTrustee | 0.5 | $0 |
Fran Stoddard Director | Trustee | 0.5 | $0 |
Doreen Kraft Director | Trustee | 4 | $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 | $1,199,946 |
| Noncash contributions included in lines 1a–1f | $25,537 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,199,946 |
| Total Program Service Revenue | $0 |
| Investment income | $17 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$518 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,199,503 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $501,710 |
| Grants and other assistance to domestic individuals. | $35,165 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,139 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $1,050 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $57,197 |
| Advertising and promotion | $0 |
| Office expenses | $1,608 |
| Information technology | $2,391 |
| Royalties | $4,000 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,601 |
| Interest | $15,679 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,221 |
| Insurance | $1,200 |
| All other expenses | $513 |
| Total functional expenses | $627,474 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $83,242 |
| Savings and temporary cash investments | $143,368 |
| 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 | $28,454 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,270,957 |
| Intangible assets | $0 |
| Other assets | $284,030 |
| Total assets | $1,810,051 |
| 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 | $64,479 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $64,479 |
| 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 | $1,745,572 |
| Total liabilities and net assets/fund balances | $1,810,051 |
Grants Awarded
Over the last fiscal year, Burlington City Arts Foundation Inc has awarded $354,715 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF BURLINGTON PURPOSE: Art programs | $335,787 |
Essex Jct, VT PURPOSE: Art programs | $11,928 |
Burlington, VT PURPOSE: Art programs | $7,000 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Burlington City Arts Foundation Inc has recieved totaling $635,897.
| Awarding Organization | Amount |
|---|---|
Vermont Community Foundation Middlebury, VT PURPOSE: GENERAL PURPOSE | $247,250 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $125,018 |
Trout Lily Foundation Salem, NH PURPOSE: THE ENVIRONMENTAL AND ENERGY ASSESSMENT FOR 405 PINE STREET FACILITY RENOVATION. | $75,000 |
Vermont Council On The Arts Inc Montpelier, VT PURPOSE: GENERAL PURPOSE | $65,400 |
Fiduciary Charitable Foundation Boston, MA PURPOSE: DONATIONS | $50,000 |
Ruth & Peter Metz Family Foundation Inc Westfield, NJ PURPOSE: PROVIDE OPERATING FUNDS | $33,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Friends Of The Israel Museum New York, NY | $210,139,805 | $22,216,217 |
Friends Of Bezalel Academy Of Arts And Designs Inc New York, NY | $2,039,900 | $22,554,800 |
The Friends Of The Israel Antiquities Authority Inc New York, NY | $7,188,185 | $4,799,124 |
Tate Americas Foundation New York, NY | $101,513,410 | $8,735,378 |
Museo Reina Sofia Foundation Usa Inc New York, NY | $1,828,282 | $604,276 |
American Associates Of The National Theatre Inc New York, NY | $4,697,341 | $5,678,751 |
American Friends Of The Israel Philharmonic Orchestra Inc New York, NY | $30,416,918 | $8,529,001 |
American Friends Of The Louvre Inc New York, NY | $14,733,047 | $4,946,706 |
American Friends Of The National Portrait Gallery Foundation Inc New York, NY | $1,343,323 | $3,284,122 |
Coolidge Corner Theatre Foundation Inc Brookline, MA | $13,995,984 | $5,567,271 |
Boston Arts Academy Foundation Inc Boston, MA | $11,130,374 | $3,508,715 |
Friends Of The New York Transit Museum Brooklyn, NY | $12,792,750 | $2,066,293 |