Concord Art Association

Organization Overview

Concord Art Association is located in Concord, MA. The organization was established in 1969. 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 06/2022, Concord Art Association employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Concord Art Association 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 06/2022, Concord Art Association generated $664.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $540.4k during the year ending 06/2022. While expenses have increased by 2.1% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

SUPPORT AND ENCOURAGE ART IN THE COMMUNITY

Describe the Organization's Program Activity:

Part 3 - Line 4a

EXHIBITIONS: FACULTY SHOW - NOVEMBER 6 TO DECEMBER 19: GOOD ART SALES AND OPPORTUNITY TO APPRECIATE OUR TEACHSERS WHO WERE INSTRUMENTAL IN SUSTAINING OUR ED PROGRAM OVER THE COURSE OF THE PANDEMIC. ELIZABETH WENTWORTH ROBERS: PAINTER AN PHILANTHROPIST-CENTENNIEL CELEBRATION EXHIBITION SPANNING THE ENTIRE YEAR 2022 AFFORDING US THE CHANCE TO BORROW WORK FROM OTHER INSTITUTIONS AND EXHIBIT OUR COLLECTION AS WELL AS START WORK ON A CATALOG RAISONEE FOR EWR AND HIRE ERICA HIRSCHLER, MFA CURATOR, TO GIVE A LECTURE ABOUT EWR AND HER TIMES AND HAVE A PARTY FOR TOP DONORS. TWO TREE SHOWS, BECOMING TREES CURATED BY FRITZ HORSTMAN MARCH 31-MAY 8 AND AMONG THE TREES JURIED MEMBERS SHOW MARCH 31-MAY 1 - START OF A NEW TREND TO CURATE A MEMBER GALLERY SHOW THAT COINCIDES WITH A CURATED SHOW. WILL CONTINUE THIS NEXT YEAR. MEMBERS AND STAFF LOVED IT.


CREATED A NEW FULL-TIME POSITION - WE HIRED AN ASSISTANT DIRECTOR (NATALIE REISER) TO FULFILL THE NEED TO ALLEVIATE RESPONSIBILITES OF EXECUTIVE DIRECTOR


CREATED TWO NEW GOVERNANCE COMMITTEES TO REPORT TO THE BOD: CENTENNAL CAMPAIGN COMMITTEE TO RAISE FUNDS FOR CENTENNIAL CAMPAIGN AND BUILDING CAMPAIGN COMMITTEE TO WORK WITH ARCHITECT AND LANDSCAPE DESIGNER FOR CLASSROOM EXPANSIN AND OUT DOOR IMPROVEMENTS.


MAINTAINED AN ONGOING ART APPRECIATION AND TEACHING FACILITY IN AN HISTORIC BUILDING WITHIN THE TOWN OF CONCORD, MASSACHUSETTS


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Board, Officers & Key Employees

Name (title)Compensation
Katherine James
Executive Director
$83,925
Jeff Wieand
President
$0
Stanley Black
Vice President And Directo
$0
Ann Oberrender Noyes
Treasurer
$0
Holly Harrison
Secretary
$0
Betsy Gardella
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$55,300
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$498,767
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$554,067
Total Program Service Revenue$269,685
Investment income $27,567
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $525
Net Gain/Loss on Asset Sales -$189,732
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $664,341

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Concord Art Association has recieved totaling $10,000.

Awarding OrganizationAmount
Stearns Charitable Trust

Boston, MA

PURPOSE: PROGRAM SUPPORT

$10,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$126,608
Earnings-$18,941
Net Contributions$1,000
Grants$4,001
Ending Balance$104,666

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