White River Craft Center Inc
- Assets
- $799.5k
- Revenue
- $107.7k
- Investments
- $0.0
- Employees
- 1
- Location
- Randolph, VT
- Founding
- 06/1999
- Data as of
- 12/2022
- EIN
- 03-0358846
Organization Overview
White River Craft Center Inc is located in Randolph, VT. The organization was established in 1999. According to its NTEE Classification (N99) the organization is classified as: Recreation & Sports N.E.C., under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. White River Craft Center 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 12/2022, White River Craft Center Inc generated $107.7k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 27.9% each year . All expenses for the organization totaled $155.6k during the year ending 12/2022. While expenses have increased by 6.1% per year over the past 4 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTING AND TEACHING FINE ARTS AND CRAFTSMANSHIP AND RESTORING AND PRESERVING THE HISTORIC STRUCTURE THAT IS ITS HOME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CENTER PROVIDED CLASSES IN WEAVING, PAINTING, AND PHOTOGRAPHY; COLLABORATED WITH OTHER AREA NONPROFIT ORGANIZATIONS TO OFFER DROP-IN WEAVILNG PROGRAMS; PROVIDED A WORK SITE FOR COMMUNITY SERVICE WORKERS; PROVIDED MEETING SPACE AND ACCOMODATIONS FOR STATE GOVERNMENT, STATE-WIDE NONPROFIT ORGANIZATIONS, AND AN INCREASED NUMBER OF LOCAL COMMUNITY GROUPS; PROVIDED A COMMUNITY ARTS SPACE TO DISPLAY THE WORKS OF LOCAL ARTISTS, CHANGING ARTISTS FREQUENTLY; IN COMINATION WITH THE RANDOLPH TECHNICAL CAREER CENTER AND STUDENTS FROM THE LOCAL HIGH SCHOOL, PROVIDE FREE COMMUNITY MEALS ON A MONTHLY BASIS; AND COLLABORATED WITH THE COMMUNITY SUPPER PROGRAM TO PROVIDE FREE COMMUNITY SUPPERS ON AN OCCASIONAL BASIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Hurwitz Trustee | Trustee | 1 | $0 |
Rose Lucenti President | Officer | 6 | $0 |
Jeanne Conde Treasurer | Officer | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $35,526 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $40,526 |
| Total Program Service Revenue | $57,965 |
| Investment income | $2 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,331 |
| 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 | $3,779 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $107,668 |
| 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. | $22,123 |
| Compensation of current officers, directors, key employees. | $4,425 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,893 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,175 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $770 |
| Advertising and promotion | $182 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $90,646 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,087 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $45,471 |
| Insurance | $2,280 |
| All other expenses | -$22,769 |
| Total functional expenses | $155,634 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,565 |
| Savings and temporary cash investments | $1,046 |
| 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 | $796,908 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $799,519 |
| 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 | $94,700 |
| Secured mortgages and notes payable | $78,543 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $173,243 |
| 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 | $626,276 |
| Total liabilities and net assets/fund balances | $799,519 |