Society For The Development Of Arts And Humanities Of Greater Newburyp
- Assets
- $1.9m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 12
- Location
- Newburyport, MA
- Founding
- 09/1978
- Data as of
- 12/2022
- EIN
- 04-2649373
Organization Overview
Society For The Development Of Arts And Humanities Of Greater Newburyp, operating under the name The Firehouse Center For The Arts, is located in Newburyport, MA. The organization was established in 1978. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Firehouse Center For The Arts employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Firehouse Center For The Arts 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 12/2022, Firehouse Center For The Arts generated $1.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2022. 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
THE SOCIETY FOR THE DEVELOPMENT OF THE ARTS & HUMANITIES OF GREATER NEWBURYPORT, INC. D/B/A THE FIREHOUSE CENTER FOR THE ARTS WAS FORMED IN 1978 TO INCREASE CULTURAL AWARENESS OF THE ARTS TO THE CITIZENS OF THE COMMUNITY AND THE SURROUNDING MERRIMACK VALLEY. THE ORGANIZATION MANAGES THE FIREHOUSE CENTER IN NEWBURYPORT, WHICH IS A CENTER FOR THE PERFORMING ARTS AND SERVES AS A VENUE FOR LOCAL, REGIONAL AND NATIONAL ARTISTS AND THEATRICAL GROUPS. THE ORGANIZATION'S REVENUE FOR PROGRAM SERVICES IS GENERATED PRIMARILY FROM TICKET SALES OF PERFORMANCES. THE ORGANIZATION RECEIVES PUBLIC SUPPORT PRIMARILY THROUGH MEMBERSHIP FEES, GRANTS AND CORPORATE DONATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STAGING MUSICAL AND THEATRICAL PERFORMANCES IN LOCAL SCHOOLS AND AT THE ARAKELIAN THEATRE AT THE FIREHOUSE CENTER IN NEWBURYPORT. THE ORGANIZATION ALSO SUPPORTS THE VISUAL ARTS THROUGH THE ART GALLERY AT THE FIREHOUSE CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Moynihan Executive Di | Officer | 40 | $97,451 |
Pat Cannon Director | Trustee | 4 | $0 |
Debra Delvecchio Director | Trustee | 4 | $0 |
Lois Honegger Director | Trustee | 4 | $0 |
Tom Hopp Director | Trustee | 4 | $0 |
Kristen Jackman Director | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $28,078 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $329,371 |
| 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 | $357,449 |
| Total Program Service Revenue | $523,673 |
| Investment income | $2,336 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $154,161 |
| 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 | $1,037,619 |
| 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. | $97,451 |
| Compensation of current officers, directors, key employees. | $97,451 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $318,304 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $17,934 |
| Payroll taxes | $33,358 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $40,434 |
| Advertising and promotion | $69,188 |
| Office expenses | $38,157 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $66,852 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,529 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $107,281 |
| Insurance | $23,797 |
| All other expenses | $76,935 |
| Total functional expenses | $1,649,382 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $452,445 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,696 |
| 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 | $1,375,222 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $76,159 |
| Total assets | $1,905,522 |
| Accounts payable and accrued expenses | $71,902 |
| 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 | $326,675 |
| Other liabilities | $76,159 |
| Total liabilities | $474,736 |
| Net assets without donor restrictions | $1,273,249 |
| Net assets with donor restrictions | $157,537 |
| 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 | $1,905,522 |