Apple Tree Arts Inc
- Assets
- $381.1k
- Revenue
- $536.6k
- Investments
- $0.0
- Employees
- 26
- Location
- Grafton, MA
- Founding
- 11/1996
- Data as of
- 07/2022
- EIN
- 04-3267088
Organization Overview
Apple Tree Arts Inc is located in Grafton, MA. The organization was established in 1996. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 07/2022, Apple Tree Arts Inc employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Apple Tree Arts 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 07/2022, Apple Tree Arts Inc generated $536.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $578.7k during the year ending 07/2022. 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
MUSIC INSTRUCTION & VARIOUS ART CLASSES
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSIC LESSONS, INDIVIDUAL AND GROUP AT REGULARLY SCHEDULED CLASSES. CULTURAL CLASSES IN VARIOUS ARTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Lotterman Director | Trustee | 2 | $0 |
Paul Scarlett Director | Trustee | 2 | $0 |
Elaina Calloway Bolton Executive Director | Trustee | 40 | $54,600 |
Kathy Vandenengel Business Director | Trustee | 40 | $42,739 |
Elizabeth Spinney Director | Trustee | 2 | $0 |
Aaron Chaisson President | OfficerTrustee | 2 | $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 | $195,144 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $195,144 |
| Total Program Service Revenue | $321,268 |
| Investment income | $102 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,475 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $17,273 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $363 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $536,625 |
| 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. | $81,690 |
| Compensation of current officers, directors, key employees. | $48,601 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $214,571 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $30,258 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,591 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,490 |
| Advertising and promotion | $7,402 |
| Office expenses | $15,944 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,888 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,858 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $65,400 |
| Insurance | $8,569 |
| All other expenses | $19,261 |
| Total functional expenses | $578,735 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $79,960 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,079 |
| 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 | $9,388 |
| Net Land, buildings, and equipment | $290,668 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $381,095 |
| Accounts payable and accrued expenses | $12,377 |
| Grants payable | $0 |
| Deferred revenue | $45,663 |
| 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 | $63,911 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,206 |
| Total liabilities | $127,157 |
| Net assets without donor restrictions | $210,822 |
| Net assets with donor restrictions | $43,116 |
| 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 | $381,095 |