Seven Stars Arts Center Inc
- Assets
- $150.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Sharon, VT
- Founding
- 04/2003
- Data as of
- 05/2022
- EIN
- 03-0420714
Organization Overview
Seven Stars Arts Center Inc is located in Sharon, VT. The organization was established in 2003. According to its NTEE Classification (A68) the organization is classified as: Music, 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. Seven Stars Arts 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 05/2022, Seven Stars Arts Center Inc generated $55.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.9%) each year. All expenses for the organization totaled $45.4k during the year ending 05/2022. As we would expect to see with falling revenues, expenses have declined by (9.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
MUSIC & ART EDUCATION FOR RURAL AREAS
Describe the Organization's Program Activity:
Part 3
PROVIDE MUSIC, ART AND DANCE INSTRUCTION TO SCHOOLS AND PRIVATE INDIVIDUALS IN THE AREA.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emerson Gale Treasurer | 10 | $0 | |
Michael Barsanti President | 20 | $0 | |
Thelma Thompson Secretary | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,306 |
| Total Program Service Revenue | $33,980 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $55,286 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $14,839 |
| Occupancy, rent, utilities, and maintenance | $21,824 |
| Printing, publications, postage, and shipping | $174 |
| Other expenses | $8,546 |
| Total expenses | $45,383 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $23,095 |
| Other assets | $0 |
| Total assets | $150,414 |
| Total liabilities | $550 |
| Net assets or fund balances | $149,864 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Seven Stars Arts Center Inc has recieved totaling $5,052.
| Awarding Organization | Amount |
|---|---|
Vermont Council On The Arts Inc Montpelier, VT PURPOSE: GENERAL PURPOSE | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $52 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Handel And Haydn Society Boston, MA | $29,038,335 | $22,868,295 |
Groton Hill Music Inc Groton, MA | $210,830,113 | $41,196,688 |
Newport Festivals Foundation Inc Essex, MA | $20,080,911 | $11,132,304 |
Whyhunger Inc New York, NY | $5,607,325 | $7,869,621 |
Caramoor Center For Music & The Arts Inc Katonah, NY | $49,439,168 | $6,140,543 |
Save The Music Foundation New York, NY | $5,156,662 | $8,206,045 |
Rockport Music Inc Rockport, MA | $31,791,427 | $3,720,672 |
American Friends Of Les Arts Florissants Inc New York, NY | $1,107,997 | $2,546,808 |
Chicken & Egg Pictures Inc Brooklyn, NY | $9,525,742 | $4,390,371 |
Young Concert Artists Inc New York, NY | $10,777,916 | $2,607,839 |
New Music Usa Inc New York, NY | $21,074,524 | $3,287,635 |
Original Music Workshop Inc Brooklyn, NY | $4,224,196 | $2,706,667 |