Arts Federation Inc
- Assets
- $45.0k
- Revenue
- $115.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Salem, MA
- Founding
- 12/2003
- Data as of
- 04/2017
- EIN
- 03-0524939
Organization Overview
Arts Federation Inc is located in Salem, MA. The organization was established in 2003. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. Arts Federation 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 04/2017, Arts Federation Inc generated $115.8k in total revenue. The organization has seen a slow decline revenue. Over the past 2 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $122.1k during the year ending 04/2017. 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
TO ASSIST NOT-FOR-PROFITS IN WORKPLACE GIVING CAMPAIGNS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING 2016-2017, WE WORKED WITH ORGANIZATIONS TO HELP THEM PARTICIPATE IN AND RECEIVE FUNDING FROM THE COMBINED FEDERAL CAMPAIGN. THIS INVOLVED HELPING MEMBER CHARITIES PREPARE SUCCESSFUL APPLICATIONS, PROVIDING THEM ADVICE ON MARKETING, AND TRACKING AND DISTRIBUTING DONATIONS FROM THE CAMPAIGN. DURING THE FISCAL YEAR, WE MADE DISTRIBUTIONS OF OVER $89,000.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elaine Gerdine President | OfficerTrustee | 1 | $0 |
Sisi Deng Treasurer | OfficerTrustee | 1 | $0 |
Bill Yuhas Secretary | OfficerTrustee | 1 | $0 |
Edward Nilsson Chair | OfficerTrustee | 1 | $0 |
Judi Holley Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $102,596 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $102,596 |
| Total Program Service Revenue | $13,172 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $115,768 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $89,193 |
| 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 | $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 | $3,525 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $117 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $129 |
| 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 | $0 |
| Insurance | $820 |
| All other expenses | $0 |
| Total functional expenses | $122,101 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,150 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $7,924 |
| Accounts receivable, net | $2,209 |
| 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 | $347 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,418 |
| Total assets | $45,048 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $24,009 |
| 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 | $24,009 |
| Unrestricted restricted net Assets | $21,039 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $21,039 |
Grants Awarded
Over the last fiscal year, Arts Federation Inc has awarded $35,303 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
BALTIMORE SYMPHONY ORCHESTRA PURPOSE: TO ASSIST WITH THE ORGANIZATION'S EXEMPT PURPOSES. | $9,722 |
DANCE THEATRE OF HARLEM PURPOSE: TO ASSIST WITH THE ORGANIZATION'S EXEMPT PURPOSES. | $9,463 |
THELONIOUS MONK INSTITUTE OF JAZZ PURPOSE: TO ASSIST WITH THE ORGANIZATION'S EXEMPT PURPOSES. | $16,118 |