Marion Art Center Inc
- Assets
- $992.6k
- Revenue
- $349.5k
- Investments
- $443.8k
- Employees
- 25
- Location
- Marion, MA
- Founding
- 05/1964
- Data as of
- 12/2021
- EIN
- 04-2374245
Organization Overview
Marion Art Center Inc is located in Marion, MA. The organization was established in 1964. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Marion Art Center Inc employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marion 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 12/2021, Marion Art Center Inc generated $349.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.7% each year . All expenses for the organization totaled $210.0k during the year ending 12/2021. While expenses have increased by 6.0% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CULTURAL PROGRAMS FOR ALL AGES
Describe the Organization's Program Activity:
Part 3 - Line 4a
VARIOUS PROGRAMS INCLUDING MUSIC, THEATRE, STUDIO, GALLERY, SCHOLARSHIPS AWARDED, AND YOUNG PEOPLE'S THEATRE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jodi Stevens Executive Dir. | OfficerTrustee | 30 | $66,085 |
Jennifer Webb President | OfficerTrustee | 0 | $0 |
Kim Tirrell Treasurer | OfficerTrustee | 0 | $0 |
Wendy Cullum Vice President | OfficerTrustee | 0 | $0 |
Holly Mcdonough Secretary | OfficerTrustee | 0 | $0 |
Suzanne Bellanger Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $32,567 |
| All other contributions, gifts, grants, and similar amounts not included above | $112,531 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $145,098 |
| Total Program Service Revenue | $116,986 |
| Investment income | $9,258 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $34,300 |
| Net Income from Fundraising Events | $20,872 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $23,001 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $349,515 |
| 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. | $66,084 |
| Compensation of current officers, directors, key employees. | $29,036 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $49,750 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,496 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,115 |
| Office expenses | $3,505 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,623 |
| Travel | $0 |
| 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 | $17,667 |
| Insurance | $7,439 |
| All other expenses | $9,640 |
| Total functional expenses | $209,995 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $159,861 |
| Savings and temporary cash investments | $139,800 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $249,175 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $443,808 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1 |
| Total assets | $992,645 |
| Accounts payable and accrued expenses | $939 |
| Grants payable | $0 |
| 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 | $13,358 |
| Total liabilities | $14,297 |
| Net assets without donor restrictions | $649,893 |
| Net assets with donor restrictions | $328,455 |
| 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 | $992,645 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Marion Art Center Inc has recieved totaling $31,609.
| Awarding Organization | Amount |
|---|---|
Quarterdeck Foundation Marion, MA PURPOSE: $15,000 ANNUAL GIVING FUND, $10,000 UNRESTRICTED | $25,000 |
Van Sloun Foundation Marion, MA PURPOSE: UNRESTRICTED | $3,000 |
Eastern Bank Charitable Foundation Lynn, MA PURPOSE: EXEMPT PURPOSE | $1,000 |
Louise H & Arthur Malsin Foundation Inc Valley Stream, NY PURPOSE: PROMOTING ART & CULTURE IN MARION, MA | $1,000 |
Genie And Donald Rice Charitable Tr Boston, MA PURPOSE: GENERAL PURPOSES | $625 |
Ludes Family Foundation Marion, MA PURPOSE: UNRESTRICTED | $500 |
Endowment Analysis
| Beg. Balance | $302,622 |
| Earnings | $47,191 |
| Other Expense | $9,441 |
| Ending Balance | $340,372 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brooklyn Academy Of Music Inc Brooklyn, NY | $168,013,887 | $29,572,079 |
Bric Arts Media Bklyn Inc Brooklyn, NY | $22,086,824 | $12,315,164 |
The Apollo Theater Foundation Inc New York, NY | $69,978,827 | $33,324,849 |
New Haven Center For Performing Arts Inc Waterbury, CT | $12,801,705 | $9,109,828 |
Shen Yun Performing Arts Inc Cuddebackville, NY | $196,627,077 | $30,836,971 |
Foundation For Contemporary Arts Inc New York, NY | $44,020,214 | $7,582,108 |
National Comedy Center Operator Inc Jamestown, NY | $24,581,570 | $2,926,105 |
World Trade Center Performing Arts Center Inc New York, NY | $505,865,812 | $148,493,145 |
Stadium Theatre Foundation Woonsocket, RI | $8,192,971 | $3,878,181 |
As 220 Providence, RI | $18,007,342 | $2,188,031 |
Rosies Theater Kids Inc New York, NY | $7,813,636 | $2,330,340 |
Patchogue Village Center For The Performing Arts Inc Patchogue, NY | $1,959,065 | $2,916,141 |