Cambridge Art Association
- Assets
- $1.3m
- Revenue
- $232.5k
- Investments
- $0.0
- Employees
- 3
- Location
- Cambridge, MA
- Founding
- 03/1964
- Data as of
- 06/2023
- EIN
- 04-2382611
Organization Overview
Cambridge Art Association is located in Cambridge, MA. The organization was established in 1964. 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 06/2023, Cambridge Art Association employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cambridge 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 06/2023, Cambridge Art Association generated $232.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $281.2k during the year ending 06/2023. While expenses have increased by 2.2% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER INTEREST IN FINE ARTS AND CRAFTS AND TO PROVIDE A PLACE FOR APPROPRIATE ACTIVITIES AND EVENTS TO FURTHER THIS GOAL IN CAMBRIDGE, MASSACHUSETTS AND SURROUNDING COMMUNITIES. TO PROVIDE EXHIBITS, LECTURES, WORKSHOPS, CLASSES AND A SALES AND RENTAL PROGRAM TO OUR MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO FOSTER INTEREST IN FINE ARTS AND CRAFTS AND TO PROVIDE A PLACE FOR ACTIVITIES AND EVENTS TO FURTHER THIS GOAL. TO PROVIDE EXHIBITS, LECTURES, WORKSHOPS AND CLASSES FOR MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erin Becker Executive Director | OfficerTrustee | 40 | $82,781 |
Nathalie Jean Director | Trustee | 0 | $0 |
Remmi Franklin Director | Trustee | 0 | $0 |
Erica Licea-Kane Director | Trustee | 0 | $0 |
Dana Rashti Director | Trustee | 0 | $0 |
Kristen Sherman Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $126,781 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $71,267 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $198,048 |
| Total Program Service Revenue | $0 |
| Investment income | $12 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $232,474 |
| 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. | $82,781 |
| Compensation of current officers, directors, key employees. | $8,278 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $50,438 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,550 |
| Payroll taxes | $10,076 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,356 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $52,138 |
| Advertising and promotion | $2,111 |
| Office expenses | $7,206 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,488 |
| Travel | $4,197 |
| 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 | $1,800 |
| Insurance | $5,244 |
| All other expenses | $1,750 |
| Total functional expenses | $281,238 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,032 |
| Savings and temporary cash investments | $78,417 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $46,140 |
| 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 | $9,322 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,157,146 |
| Total assets | $1,332,057 |
| Accounts payable and accrued expenses | $22,252 |
| Grants payable | $0 |
| Deferred revenue | $6,107 |
| 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 | $4,584 |
| Total liabilities | $32,943 |
| Net assets without donor restrictions | $1,164,934 |
| Net assets with donor restrictions | $134,180 |
| 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 | $1,332,057 |