Concord Art Association
- Assets
- $2.6m
- Revenue
- $664.3k
- Investments
- $0.0
- Employees
- 8
- Location
- Concord, MA
- Founding
- 08/1969
- Data as of
- 06/2022
- EIN
- 04-2275153
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 8 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $540.4k during the year ending 06/2022. While expenses have increased by 1.8% per year over the past 8 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.
Form
990
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.
MAINTAINED AN ONGOING ART APPRECIATION AND TEACHING FACILITY IN AN HISTORIC BUILDING WITHIN THE TOWN OF CONCORD, MASSACHUSETTS
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.
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 |
|---|---|---|---|
Jeff Wieand President | OfficerTrustee | 3 | $0 |
Ann Oberrender Noyes Treasurer | OfficerTrustee | 3 | $0 |
Stanley Black Vice President And Directo | OfficerTrustee | 3 | $0 |
Betsy Gardella Director | OfficerTrustee | 2 | $0 |
Holly Harrison Secretary | OfficerTrustee | 3 | $0 |
Debbie Healy Gimore Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $554,067 |
| 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 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $225,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $210 |
| Payroll taxes | $17,554 |
| Fees for services: Management | $8,900 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $10,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,324 |
| Advertising and promotion | $3,460 |
| Office expenses | $37,804 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $37,859 |
| Travel | $527 |
| 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 | $27,704 |
| Insurance | $16,505 |
| All other expenses | $0 |
| Total functional expenses | $540,388 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,315 |
| Savings and temporary cash investments | $311,962 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $53,076 |
| 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 | $3,483 |
| Investments—publicly traded securities | $1,408,971 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $109,495 |
| Total assets | $2,607,234 |
| Accounts payable and accrued expenses | $78,779 |
| Grants payable | $0 |
| Deferred revenue | $19,768 |
| 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 | $98,547 |
| Net assets without donor restrictions | $1,732,422 |
| Net assets with donor restrictions | $776,265 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $2,508,687 |