Newton Arts Center Inc
- Assets
- $1.8m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 69
- Location
- Newtonville, MA
- Founding
- 11/1983
- Data as of
- 06/2022
- EIN
- 04-2800804
Organization Overview
Newton Arts Center Inc is located in Newtonville, MA. The organization was established in 1983. 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 06/2022, Newton Arts Center Inc employed 69 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Newton Arts Center 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 06/2022, Newton Arts Center Inc generated $1.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $1.6m during the year ending 06/2022. While expenses have increased by 4.2% 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 PROVIDE EDUCATION AND EXHIBITS IN THE ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLASSES AND EXHIBITIONS OF VARIOUS CULTURAL ART FORMS, SUCH AS PAINT AND SCULPTURE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aimee Anderson Governor | Trustee | 1 | $0 |
Susan Chapman Governor | Trustee | 1 | $0 |
Lindsay Bentis Governor | Trustee | 1 | $0 |
Jessica Black Governor | Trustee | 1 | $0 |
Stephanie Boggs Governor | Trustee | 1 | $0 |
Michael Kaufman Governor | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $589,064 |
| Noncash contributions included in lines 1a–1f | $213,914 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $589,064 |
| Total Program Service Revenue | $998,133 |
| Investment income | $928 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,135 |
| 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 | $1,774,490 |
| 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. | $88,124 |
| Compensation of current officers, directors, key employees. | $44,062 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $653,218 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $55,278 |
| Payroll taxes | $70,698 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,475 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $323,516 |
| Advertising and promotion | $42,513 |
| Office expenses | $24,425 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $114,536 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,931 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $50,625 |
| Insurance | $27,822 |
| All other expenses | $14,851 |
| Total functional expenses | $1,601,329 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $431,258 |
| Savings and temporary cash investments | $676,417 |
| Pledges and grants receivable | $21,594 |
| Accounts receivable, net | $0 |
| 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 | $28,138 |
| Net Land, buildings, and equipment | $657,907 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,000 |
| Total assets | $1,825,314 |
| Accounts payable and accrued expenses | $165,254 |
| Grants payable | $0 |
| Deferred revenue | $435,978 |
| 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 | $493,258 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,242 |
| Total liabilities | $1,100,732 |
| Net assets without donor restrictions | $658,641 |
| Net assets with donor restrictions | $65,941 |
| 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 | $1,825,314 |