Arts Foundation Of Cape Cod
- Assets
- $1.1m
- Revenue
- $830.5k
- Investments
- $0.0
- Employees
- 6
- Location
- Hyannis, MA
- Founding
- 01/1988
- Data as of
- 09/2022
- EIN
- 04-2961772
Organization Overview
Arts Foundation Of Cape Cod is located in Hyannis, MA. The organization was established in 1988. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2022, Arts Foundation Of Cape Cod employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arts Foundation Of Cape Cod 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 09/2022, Arts Foundation Of Cape Cod generated $830.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $760.7k during the year ending 09/2022. While expenses have increased by 0.1% 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
THE ARTS FOUNDATION OF CAPE COD PROMOTES AND CELEBRATES ART AND CULTURE THROUGHOUT THE REGION ALL YEAR. AS THE DESIGNATED LOCAL ARTS AGENCY FOR BARNSTABLE COUNTY, ITS MISSION IS TO NURTURE THE CAPE'S ONLY NON-PROFIT ARTS AND CULTURAL UMBRELLA ORGANIZATION WITH THE MANDATE TO SERVE ALL ARTISTS, ALL ART FORMS, AND ALL CULTURAL/HISTORICAL CENTERS AND TO CREATE BRIDGES BETWEEN THE AREA'S CULTURAL ASSETS, THE BUSINESS COMMUNITY AND ITS VISITORS AND RESIDENTS. THE AFCC SUPPORTS CORE ARTS EDUCATION PROGRAMMING FOR CHILDREN AND LEARNERS OF ALL AGES. THE AFCC PROMOTES LOCAL ARTISTS AND ARTS ORGANIZATIONS AND HELPS THEM GROW THEIR ART'S BASED ENTERPRISES THROUGH COLLABORATIVE MARKETING AND TECHNICAL ASSISTANCE PROGRAMS. THE AFCC PROVIDES ARTISTS WITH WORKFORCE SKILLS TO ENSURE THAT ITS CULTURAL BUSINESSES CONTINUE TO EMPLOY MANY IN THE REGION, AND PROVIDE ENTERTAINMENT, EDUCATION AND JOY TO THOUSANDS MORE. THE AFCC FOSTERS A VIBRANT AND HEALTHY ARTS INDUSTRY ON THE CAPE THAT RESULTS IN THE DEVEL
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ANNUAL EVENT IS THE BIGGEST FUNDRAISER OF THE YEAR FOR THE AFCC, WHICH SUPPORTS, PROMOTES, AND CELEBRATES ARTS AND CULTURE ON CAPE COD THROUGH GRANTS, FELLOWSHIPS, SCHOLARSHIPS, ADVOCACY, AND ITS AFCC ACCESS PROGRAM WHICH CONNECTS CHILDREN IN NEED TO ARTS ENRICHMENT ACTIVITIES THEY OTHERWISE WOULDN'T HAVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phil Mccahill Treasurer | Trustee | 2 | $0 |
Kathryn Kayajan President | Trustee | 2 | $0 |
Bethany Muhlebach Secretary | Trustee | 2 | $0 |
Becky Dowd Director | Trustee | 1 | $0 |
Matt Clark Director | Trustee | 1 | $0 |
Diane Boudreau Executive Co | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $229,893 |
| All other contributions, gifts, grants, and similar amounts not included above | $252,740 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $482,633 |
| Total Program Service Revenue | $12,087 |
| Investment income | $10,741 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,461 |
| Net Income from Fundraising Events | $317,182 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $830,455 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $255,290 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $17,149 |
| Payroll taxes | $22,910 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,598 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $81,698 |
| Advertising and promotion | $26,621 |
| Office expenses | $8,751 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $29,295 |
| Travel | $638 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,547 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,172 |
| Insurance | $2,662 |
| All other expenses | $9,858 |
| Total functional expenses | $760,725 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $848,645 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $2,592 |
| Net Land, buildings, and equipment | $2,734 |
| Investments—publicly traded securities | $274,153 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,128,124 |
| Accounts payable and accrued expenses | $9,404 |
| Grants payable | $0 |
| Deferred revenue | $207,850 |
| 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 | $152,137 |
| Total liabilities | $369,391 |
| Net assets without donor restrictions | $671,375 |
| Net assets with donor restrictions | $87,358 |
| 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 | $1,128,124 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Arts Foundation Of Cape Cod has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Tern Foundation Inc Eastham, MA PURPOSE: GENERAL SUPPORT | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brooklyn Academy Of Music Inc Brooklyn, NY | $168,013,887 | $29,572,079 |
Bric Arts Media Bklyn Inc Brooklyn, NY | $22,086,824 | $12,315,164 |
The Apollo Theater Foundation Inc New York, NY | $69,978,827 | $33,324,849 |
New Haven Center For Performing Arts Inc Waterbury, CT | $12,801,705 | $9,109,828 |
Shen Yun Performing Arts Inc Cuddebackville, NY | $196,627,077 | $30,836,971 |
Foundation For Contemporary Arts Inc New York, NY | $44,020,214 | $7,582,108 |
National Comedy Center Operator Inc Jamestown, NY | $24,581,570 | $2,926,105 |
World Trade Center Performing Arts Center Inc New York, NY | $505,865,812 | $148,493,145 |
Stadium Theatre Foundation Woonsocket, RI | $8,192,971 | $3,878,181 |
As 220 Providence, RI | $18,007,342 | $2,188,031 |
Rosies Theater Kids Inc New York, NY | $7,813,636 | $2,330,340 |
Patchogue Village Center For The Performing Arts Inc Patchogue, NY | $1,959,065 | $2,916,141 |