Monson Arts Council
- Assets
- $51.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Monson, MA
- Founding
- 05/1992
- Data as of
- 03/2023
- EIN
- 04-2679999
Organization Overview
Monson Arts Council is located in Monson, MA. The organization was established in 1992. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Monson Arts Council 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 03/2023, Monson Arts Council generated $15.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $11.7k during the year ending 03/2023. As we would expect to see with falling revenues, expenses have declined by (5.4%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Reed Coles Vice President | 1 | $0 | |
Richard Guertin Treasurer | 2 | $0 | |
Peter Barnett President | 2 | $0 | |
Maureen Solomon Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,222 |
| Total Program Service Revenue | $0 |
| Membership dues | $3,760 |
| Investment income | $12 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $4,928 |
| Other Revenue | $0 |
| Total Revenue | $15,922 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $2,140 |
| Occupancy, rent, utilities, and maintenance | $7,524 |
| Printing, publications, postage, and shipping | $282 |
| Other expenses | $1,733 |
| Total expenses | $11,679 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $38,503 |
| Other assets | $0 |
| Total assets | $51,503 |
| Total liabilities | $0 |
| Net assets or fund balances | $51,503 |