Art Connection Inc
- Assets
- $0.0
- Revenue
- $236.3k
- Investments
- $0.0
- Employees
- 4
- Location
- Boston, MA
- Founding
- 10/1996
- Data as of
- 06/2020
- EIN
- 04-3289544
Organization Overview
Art Connection Inc is located in Boston, MA. The organization was established in 1996. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2020, Art Connection Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Art Connection 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 06/2020, Art Connection Inc generated $236.3k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $344.4k during the year ending 06/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
PLACE DONATED ART IN COMMUNITY NONPROFIT SETTINGS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PLACE DONATED ART IN COMMUNITY NONPROFIT SETTINGS
PLACE DONATED ART IN COMMUNITY NONPROFIT SETTINGS
PLACE DONATED ART IN COMMUNITY NONPROFIT SETTINGS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Betsy Boveroux Asst Clerk | OfficerTrustee | 1 | $0 |
David Greenberg Treasurer | OfficerTrustee | 1 | $0 |
Michael Rousseau Chair | OfficerTrustee | 1 | $0 |
Mercedes Sherrod Evans Director | Trustee | 1 | $0 |
R Hilliard Ebling Director | Trustee | 1 | $0 |
Magali Maiza Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $236,266 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $236,266 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $234,795 |
| Pension plan accruals and contributions | $6,573 |
| Other employee benefits | $8,878 |
| Payroll taxes | $18,333 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,097 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,621 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,337 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $544 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,607 |
| All other expenses | $0 |
| Total functional expenses | $344,426 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $0 |
Grants Awarded
Over the last fiscal year, Art Connection Inc has awarded $50,034 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: TERMINATION DISTRIBUTION | $8,339 |
Washington, DC PURPOSE: TERMINATION DISTRIBUTION | $8,339 |
Washington, DC PURPOSE: TERMINATION DISTRIBUTION | $8,339 |
ART CONNECTION RHODE ISLAND PURPOSE: TERMINATION DISTRIBUTION | $8,339 |
ART CONNECTION RHODE ISLAND PURPOSE: TERMINATION DISTRIBUTION | $8,339 |
ART CONNECTION RHODE ISLAND PURPOSE: TERMINATION DISTRIBUTION | $8,339 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Art Connection Inc has recieved totaling $400,500.
| Awarding Organization | Amount |
|---|---|
Boston Foundation Inc Boston, MA PURPOSE: Operating Support/Annual Fund | $200,250 |
Boston Foundation Inc Boston, MA PURPOSE: Operating Support/Annual Fund | $200,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Andy Warhol Foundation For The Visual Arts Inc New York, NY | $375,628,094 | $51,526,373 |
Production Industrial Tech Textile & Prof Employees Loc 124 Wlfr Fund Valhalla, NY | $838,103 | $5,998,825 |
Lily Auchincloss Foundation Inc New York, NY | $46,827,043 | $6,935,321 |
Solow Art And Architecture Foundation New York, NY | $241,786,081 | $29,285,009 |
Municipal Art Society Of New York New York, NY | $12,093,728 | $3,370,052 |
The Wildenstein Plattner Institute New York, NY | $1,898,409 | $4,064,152 |
Drawing Center Inc New York, NY | $11,094,197 | $3,697,448 |
Van Alen Institute Projects In Public Architecture Brooklyn, NY | $44,490,814 | $3,072,994 |
Urbanglass New York Contemporary Glass Center Inc Brooklyn, NY | $1,687,992 | $2,437,335 |
American Institute Of Architects New York, NY | $10,952,534 | $3,079,461 |
Williamstown Art Conservation Center Inc Williamstown, MA | $5,527,048 | $2,431,960 |
Waterfire Providence Providence, RI | $10,698,557 | $2,564,695 |