Newburyport Art Association Inc
- Assets
- $569.4k
- Revenue
- $343.0k
- Investments
- $0.0
- Employees
- 13
- Location
- Newburyport, MA
- Founding
- 02/1971
- Data as of
- 12/2023
- 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 12/2023, Newburyport Art Association Inc employed 13 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 12/2023, Newburyport Art Association Inc generated $343.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $411.7k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND EXHIBIT MEMBERS' WORK AND TO PROVIDE ART EDUCATION AND ACCESS TO THE VISUAL ARTS FOR THE ENTIRE COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NEWBURYPORT ART ASSOCIATION 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 SHOWINGS 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 AND OPART.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Bailey Board Member | Trustee | $0 | |
Paige Baumann Board Member | Trustee | $0 | |
Lori Clark Board Member | Trustee | $0 | |
Susan Dougherty Board Member | Trustee | $0 | |
Brian Harrington Treasurer | Trustee | $0 | |
Jason Harris Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $42,485 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $164,769 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $207,254 |
| Total Program Service Revenue | $70,450 |
| Investment income | $2,565 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,930 |
| Net Income from Fundraising Events | $57,040 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $342,998 |
| 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. | $67,550 |
| Compensation of current officers, directors, key employees. | $20,265 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $159,008 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $21,467 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,013 |
| Advertising and promotion | $7,831 |
| Office expenses | $3,962 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $28,178 |
| 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 | $17,264 |
| Insurance | $4,345 |
| All other expenses | $14,709 |
| Total functional expenses | $411,678 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $197,645 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $17,150 |
| 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 | $189,532 |
| Investments—publicly traded securities | $156,593 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,460 |
| Total assets | $569,380 |
| Accounts payable and accrued expenses | $25,209 |
| 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 | $25,209 |
| Net assets without donor restrictions | $401,241 |
| Net assets with donor restrictions | $142,930 |
| 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 | $569,380 |