Cambridge Art Association
- Assets
- $1.3m
- Revenue
- $233.5k
- Investments
- $0.0
- Employees
- 7
- Location
- Cambridge, MA
- Founding
- 03/1964
- Data as of
- 06/2022
- 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 06/2022, Cambridge Art Association employed 7 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 06/2022, Cambridge Art Association generated $233.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $323.1k during the year ending 06/2022. While expenses have increased by 4.6% 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
2022
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 | $76,699 |
Stephanie Todhunter Secretary | OfficerTrustee | 0 | $0 |
Margaret Sheldon Vice President | OfficerTrustee | 1 | $0 |
Deb Peeples President | OfficerTrustee | 0 | $0 |
David Fogel Treasurer | OfficerTrustee | 1 | $0 |
Remmi Franklin Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $131,010 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $63,462 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $194,472 |
| Total Program Service Revenue | $1,400 |
| 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 | $233,493 |
| 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. | $151,410 |
| Compensation of current officers, directors, key employees. | $15,141 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,921 |
| Payroll taxes | $12,562 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,879 |
| Office expenses | $6,667 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $42,781 |
| Travel | $1,240 |
| 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 | $1,666 |
| Insurance | $6,932 |
| All other expenses | $4,262 |
| Total functional expenses | $323,091 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,247 |
| Savings and temporary cash investments | $78,409 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $42,038 |
| 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 | $4,020 |
| Net Land, buildings, and equipment | $5,843 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,109,730 |
| Total assets | $1,266,287 |
| Accounts payable and accrued expenses | $17,390 |
| Grants payable | $0 |
| Deferred revenue | $874 |
| 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 | $7,793 |
| Total liabilities | $26,057 |
| Net assets without donor restrictions | $1,100,487 |
| Net assets with donor restrictions | $139,743 |
| 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 | $1,266,287 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Cambridge Art Association has recieved totaling $13,081.
| Awarding Organization | Amount |
|---|---|
Arthur Griffin Family Foundation Winchester, MA PURPOSE: PROMOTE THE ARTS | $6,500 |
Charles L And Joan M Hirsch Family Foundation Cold Spring Harbor, NY PURPOSE: SUPPORT | $5,000 |
Gertler Clark Foundation Inc Weston, MA PURPOSE: GENERAL | $1,000 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $81 |
Endowment Analysis
| Beg. Balance | $1,302,476 |
| Earnings | -$137,724 |
| Admin Expense | $19,126 |
| Other Expense | $38,057 |
| Ending Balance | $1,107,569 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Andy Warhol Foundation For The Visual Arts Inc New York, NY | $375,628,094 | $51,526,373 |
Production Industrial Tech Textile & Prof Employees Loc 124 Wlfr Fund Valhalla, NY | $838,103 | $5,998,825 |
Lily Auchincloss Foundation Inc New York, NY | $46,827,043 | $6,935,321 |
Solow Art And Architecture Foundation New York, NY | $241,786,081 | $29,285,009 |
Municipal Art Society Of New York New York, NY | $12,093,728 | $3,370,052 |
The Wildenstein Plattner Institute New York, NY | $1,898,409 | $4,064,152 |
Drawing Center Inc New York, NY | $11,094,197 | $3,697,448 |
Van Alen Institute Projects In Public Architecture Brooklyn, NY | $44,490,814 | $3,072,994 |
Urbanglass New York Contemporary Glass Center Inc Brooklyn, NY | $1,687,992 | $2,437,335 |
American Institute Of Architects New York, NY | $10,952,534 | $3,079,461 |
Williamstown Art Conservation Center Inc Williamstown, MA | $5,527,048 | $2,431,960 |
Waterfire Providence Providence, RI | $10,698,557 | $2,564,695 |