The Society Of Arts And Crafts
- Assets
- $362.1k
- Revenue
- $187.4k
- Investments
- $0.0
- Employees
- 7
- Location
- Gloucester, MA
- Founding
- 01/1952
- Data as of
- 01/2024
- EIN
- 04-2103850
Organization Overview
The Society Of Arts And Crafts is located in Gloucester, MA. The organization was established in 1952. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 01/2024, Society Of Arts And Crafts employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Society Of Arts And Crafts 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 01/2024, Society Of Arts And Crafts generated $187.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (24.2%) each year. All expenses for the organization totaled $346.5k during the year ending 01/2024. As we would expect to see with falling revenues, expenses have declined by (19.9%) per year over the past 6 years. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE SOCIETY OF ARTS AND CRAFTS IS TO SUPPORT EXCELLENCE IN CRAFTS BY ENCOURAGING THE CREATION, COLLECTION, AND CONSERVATION OF THE WORK OF CRAFT ARTISTS AND BY EDUCATING AND PROMOTING PUBLIC APPRECIATION OF FINE CRAFTSMANSHIP. TO FULFILL OUR MISSION, THE SOCIETY SPONSORS EXHIBITIONS, AWARD PROGRAMS AND EDUCATIONAL PROGRAMMING. WE ALSO PROMOTE THE WORK OF OVER 400 CRAFT ARTISTS IN OUR VIRTUAL GALLERY ON AN ONGOING BASIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CRAFTBOSTON ON THE MOVE ALLOWS THE SOCIETY OF ARTS AND CRAFT TO PARTNER WITH OTHER LOCAL ARTS ORGANIZATION SUCH AS MUSEUMS, SCHOOLS, CRAFT ORGANIZATION TO HIGHLIGHT THE VARIOUS CRAFTS AND ARTISTS WITHIN THE COMMUNITY. THE CENTRAL FOCUS OF THE PROGRAM IS TO WORK WITH DIFFERENT ORGANIZATIONS REPRESENTING UNDERSERVED COMMUNITIES AN TO EMPHASIZE THE WORK OF LOCAL ARTISTS IN LARGER INSITUTIONS.
EDUCATIONAL PROGRAMS INCLUDING ARTIST MENTORING PROGRAMS, EDUCATIONAL CRAFT TOURS AND BUSINESS TRAINING WORKSHOPS FOR CRAFT ARTISTS FEATURING PANEL DISCUSSIONS ON SELECTING A MARKET, PRICING OF THE ARTISTS' WORKS, LEGAL, TAX, FINANCE AND INSURANCE ISSUES, ERGONOMICS FOR THE STUDIO ARTIST AND A PORTFOLIO REVIEW AND SLIDE CRITIQUES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marica Young Executive Di | OfficerTrustee | 40 | $44,220 |
Lorraine Bressler Trustee | Trustee | 0.7 | $0 |
Ellen-Deane Cummins Trustee | Trustee | 0 | $0 |
Jeannine Falino Vice Preside | OfficerTrustee | 11 | $0 |
Lynne Francis-Lunn Treasurer | OfficerTrustee | 20.5 | $0 |
Aspen Golann Trustee | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $93,700 |
| All other contributions, gifts, grants, and similar amounts not included above | $85,801 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $179,501 |
| Total Program Service Revenue | $4,045 |
| Investment income | $11,031 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$7,197 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $187,380 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $25,000 |
| 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 | $136,362 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,913 |
| Payroll taxes | $10,622 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,542 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $84,685 |
| Advertising and promotion | $5,088 |
| Office expenses | $4,327 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,911 |
| Travel | $638 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $436 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $936 |
| Insurance | $7,363 |
| All other expenses | $2,040 |
| Total functional expenses | $346,492 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $75,705 |
| Savings and temporary cash investments | $216,835 |
| Pledges and grants receivable | $69,272 |
| 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 | $294 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $362,106 |
| Accounts payable and accrued expenses | $21,023 |
| Grants payable | $0 |
| Deferred revenue | $1,930 |
| 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 | $22,953 |
| Net assets without donor restrictions | $309,804 |
| Net assets with donor restrictions | $29,349 |
| 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 | $362,106 |