Newburyport Art Association Inc
- Assets
- $781.6k
- Revenue
- $473.2k
- Investments
- $0.0
- Employees
- 18
- Location
- Newburyport, MA
- Founding
- 02/1971
- Data as of
- 12/2021
- EIN
- 04-6060657
Organization Overview
Newburyport Art Association Inc is located in Newburyport, MA. The organization was established in 1971. 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 12/2021, Newburyport Art Association Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Newburyport Art Association 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 12/2021, Newburyport Art Association Inc generated $473.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $335.8k during the year ending 12/2021. While expenses have increased by 4.6% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NAA HAS BECOME THE CORNERSTONE OF GREATER NEWBURYPORT'S VIBRANT ARTS SCENE WITH OVER 500 ARTIST MEMBERS FROM AROUND THE REGION EXHIBITING THEIR ARTWORK IN A FULL CALENDAR OF OPEN, JURIED, INVITATIONAL, FEATURED ARTIST AND INTEREST GROUP SHOWS DURING THE YEAR. IN ADDITION WE OFFER A FULL CALENDAR OF STUDIO CLASSES AND WORKSHOPS FOR CHILDREN, TEENS AND ADULTS, AND WE SUPPORT TWO IMPORTANT COMMUNITY OUTREACH PROGRAMS: ARTLINK & OPART.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Lisa Naas Executive Director | Officer | 40 | $21,650 |
Lori Clark Vice President | Trustee | 2 | $0 |
Jean Trim President | Trustee | 2 | $0 |
Deb Pare Secretary | Trustee | 2 | $0 |
Jason Harris Director | Trustee | 2 | $0 |
Susan Doherty Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $33,450 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $256,288 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $289,738 |
| Total Program Service Revenue | $68,453 |
| Investment income | $1,795 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $504 |
| Net Income from Fundraising Events | $87,800 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $473,164 |
| 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 | $196,690 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $17,801 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,634 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,236 |
| Office expenses | $4,451 |
| Information technology | $1,622 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,557 |
| Insurance | $11,769 |
| All other expenses | $80,034 |
| Total functional expenses | $335,794 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $382,760 |
| 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 |
| Net Land, buildings, and equipment | $228,609 |
| Investments—publicly traded securities | $161,769 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,460 |
| Total assets | $781,598 |
| Accounts payable and accrued expenses | $22,689 |
| 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 | $22,689 |
| Net assets without donor restrictions | $662,059 |
| Net assets with donor restrictions | $96,850 |
| 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 | $781,598 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Newburyport Art Association Inc has recieved totaling $124,597.
| Awarding Organization | Amount |
|---|---|
Naid Foundation Newburyport, MA PURPOSE: OFFSET OPERATING EXPENSES | $100,000 |
H Patterson Hale Jr Charitable Foundation Newburyport, MA PURPOSE: UNRESTRICTEDGENERAL SUPPORT | $10,000 |
Newburyport Five Cents Savings Charitable Foundation Inc Newburyport, MA PURPOSE: EXEMPT PURPOSE | $7,000 |
Institution For Savings In Newbrypt & Its Vcnty Chrtble Foundation Inc Newburyport, MA PURPOSE: EXEMPT PURPOSE | $6,000 |
William S And Ann H Bucknall Greenwich, CT PURPOSE: CHARITABLE | $1,000 |
Eastern Bank Charitable Foundation Lynn, MA PURPOSE: EXEMPT PURPOSE | $500 |
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 |