South Shore Art Center Inc
- Assets
- $1.1m
- Revenue
- $562.8k
- Investments
- $587.2k
- Employees
- 35
- Location
- Cohasset, MA
- Founding
- 06/1961
- Data as of
- 08/2021
- EIN
- 04-2259692
Organization Overview
South Shore Art Center Inc is located in Cohasset, MA. The organization was established in 1961. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 08/2021, South Shore Art Center Inc employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Shore Art 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 08/2021, South Shore Art Center Inc generated $562.8k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $499.4k during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (6.2%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ENRICH THE COMMUNITIES SOUTH OF BOSTON BY ENGAGING ARTISTS AND BY FOSTERING AN UNDERSTANDING AND APPRECIATION OF THE VISUAL ARTS THROUGH EXHIBITIONS AND EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ART CLASSES/EDUCATION: TRAINING IN TECHNIQUES, COMPOSITIONS, GENERAL ART APPRECIATION, SCULPTURE AND ART CRAFTS.
ART GALLERY ACTIVITIES: ONGOING EXHIBITS AND SPECIAL EVENTS OPEN TO THE GENERAL PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrice M Maye Executive Di | Officer | 40 | $103,115 |
Stephen Sheffield Director | Trustee | 0.5 | $1,433 |
Wendy Badia President-El | OfficerTrustee | $0 | |
Neelu Johar Treasurer | OfficerTrustee | 12 | $0 |
Tracey Merrill President | OfficerTrustee | 1 | $0 |
Erin Cronin Sunday Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $78,545 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $87,189 |
| All other contributions, gifts, grants, and similar amounts not included above | $155,922 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $321,656 |
| Total Program Service Revenue | $191,027 |
| Investment income | $10,600 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $17,570 |
| Net Income from Fundraising Events | $21,964 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $562,817 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $296,891 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $24,388 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,385 |
| Advertising and promotion | $162 |
| Office expenses | $20,368 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,486 |
| Interest | $4,800 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $38,129 |
| Insurance | $12,138 |
| All other expenses | $30,927 |
| Total functional expenses | $499,378 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $126,089 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,500 |
| 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 | $1,619 |
| Net Land, buildings, and equipment | $430,255 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $587,155 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,147,618 |
| Accounts payable and accrued expenses | $35,268 |
| Grants payable | $0 |
| Deferred revenue | $36,665 |
| 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 | $174,621 |
| Total liabilities | $246,554 |
| Net assets without donor restrictions | $718,119 |
| Net assets with donor restrictions | $182,945 |
| 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 | $1,147,618 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that South Shore Art Center Inc has recieved totaling $40,005.
| Awarding Organization | Amount |
|---|---|
Foundation For Creative Achievement Duxbury, MA PURPOSE: YOUTH ART PROGRAMS | $12,000 |
Taniguchi Deane Family Foundation Cohasset, MA PURPOSE: ARTS EDUCATION INSTITUTION SUPPORT | $10,000 |
Pilgrim Bank Foundation South Weymouth, MA PURPOSE: GENERAL SUPPORT | $7,500 |
Taniguchi Deane Family Foundation Cohasset, MA PURPOSE: ARTS EDUCATION INSTITUTION SUPPORT | $5,000 |
Warner Family Foundation 124 0020234170 Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $2,500 |
Sherbrooke Family Charitable Trust Cohasset, MA PURPOSE: CHARITY | $2,000 |
Endowment Analysis
| Beg. Balance | $531,498 |
| Earnings | $84,392 |
| Other Expense | $2,500 |
| Ending Balance | $613,390 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Manhattan School Of Music New York, NY | $110,734,113 | $63,876,459 |
Art Students League Of New York New York, NY | $112,886,191 | $14,274,262 |
Saul Steinberg Foundation New York, NY | $2,326,445 | $165,696 |
Studio In A School Association New York, NY | $26,491,871 | $6,228,421 |
Harlem School Of The Arts Inc New York, NY | $16,306,795 | $5,380,840 |
Dreamyard Project Inc Bronx, NY | $4,474,380 | $5,509,637 |
Powerhouse Arts Inc Brooklyn, NY | $187,718,007 | $2,438,930 |
Artists For Humanity Inc Boston, MA | $38,813,967 | $6,181,666 |
American Academy Of Arts And Letters New York, NY | $101,076,393 | $10,417,737 |
The Arts Connection Inc New York, NY | $2,703,336 | $4,972,330 |
Alliance For Young Artists & Writers Inc New York, NY | $7,496,330 | $3,366,982 |
Marquis Studios Ltd Brooklyn, NY | $2,435,475 | $3,259,805 |