Center For Arts In Natick
- Assets
- $3.0m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 9
- Location
- Natick, MA
- Founding
- 02/1998
- Data as of
- 12/2021
- EIN
- 04-3364016
Organization Overview
Center For Arts In Natick is located in Natick, MA. The organization was established in 1998. 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 12/2021, Center For Arts In Natick employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Center For Arts In Natick 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 12/2021, Center For Arts In Natick 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 3.4% each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
MUSICAL/ARTS PERFORMANCE/CONCERTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONCERTS AND THEATER PERFORMANCES AT 14 SUMMER STREET, NATICK, MA. UP TO 285 PEOPLE ATTENDING. ART EXHIBITED AT 14 SUMMER STREET. CHILDREN'S EDUCATIONAL PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Lavalley Executive Director | OfficerTrustee | 40 | $120,221 |
D Michael Collins Chair | OfficerTrustee | 6 | $0 |
Matthew Mccue Clerk | OfficerTrustee | 3 | $0 |
Steven Wilson Treasurer | OfficerTrustee | 4 | $0 |
William Bachman Director | Trustee | 2 | $0 |
Ricky Ball Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $115,303 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $794,734 |
| All other contributions, gifts, grants, and similar amounts not included above | $373,883 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,283,920 |
| Total Program Service Revenue | $482,099 |
| Investment income | $48 |
| 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 | $1,772,213 |
| 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 | $361,409 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $30,851 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $20,277 |
| Office expenses | $2,987 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $46,697 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,972 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $138,905 |
| Insurance | $13,082 |
| All other expenses | $78,507 |
| Total functional expenses | $1,141,862 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $955,145 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $335 |
| 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 | $18,607 |
| Net Land, buildings, and equipment | $2,064,019 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,038,106 |
| Accounts payable and accrued expenses | $12,423 |
| Grants payable | $0 |
| Deferred revenue | $87,441 |
| 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 | $148,419 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $248,283 |
| Net assets without donor restrictions | $2,705,073 |
| Net assets with donor restrictions | $84,750 |
| 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 | $3,038,106 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Center For Arts In Natick has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Middlesex Savings Charitable Foundation Inc Natick, MA PURPOSE: EXEMPT PURPOSE | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Young Audiences Inc New York, NY | $8,115,904 | $1,935,453 |