Creative Arts For Kids Inc
- Assets
- $155.6k
- Revenue
- $233.4k
- Investments
- $0.0
- Employees
- 13
- Location
- Reading, MA
- Founding
- 05/1979
- Data as of
- 05/2022
- EIN
- 04-2623711
Organization Overview
Creative Arts For Kids Inc is located in Reading, MA. The organization was established in 1979. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 05/2022, Creative Arts For Kids Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Creative Arts For Kids 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 05/2022, Creative Arts For Kids Inc generated $233.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.2%) each year. All expenses for the organization totaled $229.8k during the year ending 05/2022. As we would expect to see with falling revenues, expenses have declined by (5.7%) per year over the past 7 years. 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
FOSTERING A PASSION FOR THE ARTS BY PROVIDING EXCEPTIONAL INSTRUCTION IN VISUAL AND PERFORMING ARTS TO A DIVERSE POPULATION OF STUDENTS. BY OFFERING OPPORTUNITIES FOR INNOVATIVE LEARNING, PERFORMACE AND FUN, CREATIVE ARTS AND ITS DEDICATED STAFF STRIVE TO INSTILL A LIFE-LONG DESIRE FOR CREATIVE EXPRESSION. WE SEEK TO INSPIRE, ENRICH AND CONNECT INDIVIDUALS WITHIN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE MUSIC, ART AND THEATER LESSONS AND PROGRAMS TO MORE THAN 500 STUDENTS AT OUR MAIN LOCATION AND AT VARIOUS OUTREACH LOCATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Lannon President/director | OfficerTrustee | 2.5 | $0 |
Blaire Howell Secretary | OfficerTrustee | 2.5 | $0 |
Julie Aylward Treasurer/director | OfficerTrustee | 2.5 | $0 |
Kristin Cavoli Director | Trustee | 2.5 | $0 |
Aj Jerrett Director | Trustee | 2.5 | $0 |
Anna Bruce Director | Trustee | 2.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $8,011 |
| Related organizations | $0 |
| Government grants | $30,095 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $38,106 |
| Total Program Service Revenue | $188,592 |
| Investment income | $6,670 |
| 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 | $233,368 |
| 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. | $47,899 |
| Compensation of current officers, directors, key employees. | $14,941 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $104,443 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,743 |
| Payroll taxes | $11,573 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,259 |
| Advertising and promotion | $577 |
| Office expenses | $3,715 |
| Information technology | $3,765 |
| Royalties | $0 |
| Occupancy | $18,980 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $150 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,665 |
| All other expenses | $215 |
| Total functional expenses | $229,797 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,444 |
| Savings and temporary cash investments | $39,063 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $276 |
| 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 | $2,608 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $82,239 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,000 |
| Total assets | $155,630 |
| Accounts payable and accrued expenses | $22,992 |
| Grants payable | $0 |
| Deferred revenue | $67,537 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $10,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $100,529 |
| Net assets without donor restrictions | -$5,508 |
| Net assets with donor restrictions | $60,609 |
| 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 | $155,630 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Creative Arts For Kids Inc has recieved totaling $180.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $180 |
Endowment Analysis
| Beg. Balance | $48,424 |
| Ending Balance | $48,424 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Manhattan School Of Music New York, NY | $110,734,113 | $63,876,459 |
Art Students League Of New York New York, NY | $112,886,191 | $14,274,262 |
Saul Steinberg Foundation New York, NY | $2,326,445 | $165,696 |
Studio In A School Association New York, NY | $26,491,871 | $6,228,421 |
Harlem School Of The Arts Inc New York, NY | $16,306,795 | $5,380,840 |
Dreamyard Project Inc Bronx, NY | $4,474,380 | $5,509,637 |
Powerhouse Arts Inc Brooklyn, NY | $187,718,007 | $2,438,930 |
Artists For Humanity Inc Boston, MA | $38,813,967 | $6,181,666 |
American Academy Of Arts And Letters New York, NY | $101,076,393 | $10,417,737 |
The Arts Connection Inc New York, NY | $2,703,336 | $4,972,330 |
Alliance For Young Artists & Writers Inc New York, NY | $7,496,330 | $3,366,982 |
Marquis Studios Ltd Brooklyn, NY | $2,435,475 | $3,259,805 |