Danvers Art Association
- Assets
- $127.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Beverly, MA
- Founding
- 11/2001
- Data as of
- 06/2024
- EIN
- 04-6198966
Organization Overview
Danvers Art Association is located in Beverly, MA. The organization was established in 2001. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Danvers Art Association 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 06/2024, Danvers Art Association generated $42.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $40.2k during the year ending 06/2024. While expenses have increased by 8.0% per year over the past 8 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
FACILITIES FURNISHED FOR MUSIC, DANCE AND ART
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Archer President | 4 | $0 | |
Marcella Guerriero Clerk | 1 | $0 | |
Jackie Mckenna Treasurer | 1 | $0 | |
Katey Brennan Vice President | 1 | $0 | |
Nancy Richards Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,839 |
| Total Program Service Revenue | $26,470 |
| Membership dues | $2,523 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $42,832 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $1,141 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $750 |
| Occupancy, rent, utilities, and maintenance | $22,482 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $15,817 |
| Total expenses | $40,190 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $18,923 |
| Other assets | $0 |
| Total assets | $127,000 |
| Total liabilities | $12,153 |
| Net assets or fund balances | $114,847 |