Providence Art Club
- Assets
- $7.6m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 40
- Location
- Providence, RI
- Founding
- 09/1962
- Data as of
- 04/2022
- EIN
- 05-0302383
Organization Overview
Providence Art Club is located in Providence, RI. The organization was established in 1962. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 04/2022, Providence Art Club employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Providence Art Club 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 04/2022, Providence Art Club generated $2.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $1.4m during the year ending 04/2022. While expenses have increased by 2.7% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ACTIVE PROGRAMS IN THE VISUAL ARTS AND PROVIDE EDUCATION FOR THE PROMOTION OF ART CULTURE
Describe the Organization's Program Activity:
ART EXHIBITIONS: MAINTAIN TWO ART GALLERIES FOR ART EXHIBITIONS. ARTIST MEMBERS AND NON-MEMBERS PARTICIPATE IN 30 TO 40 EXHIBITS PER YEAR FOR THE CLUB'S MEMBERSHIP AND GENERAL PUBLIC TO ENJOYART CLASSES: CONDUCT ART CLASSES FOR CLUB MEMBERS IN THE VISUAL ARTS TO INCLUDE SKETCHING, PAINTING AND DRAWING FOR APPROXIMATELY 30 PER WEEK.
CAFE AND DINING FACILITIES TO ACCOMODATE EMPLOYEES AND MEMBERS
ART STUDIOS FOR ARTIST AND SCHOLARSHIP AND AWARDS
HOUSE AND PROPERTY ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eusebio Borges General Manager | 40 | $144,580 | |
Shawn Kenney President | OfficerTrustee | 10 | $0 |
Judy Vilmain Secretary | OfficerTrustee | 10 | $0 |
Susan Aitcheson Assistant Treasurer/secretary | OfficerTrustee | 10 | $0 |
Lorraine Hynes Vice President | OfficerTrustee | 10 | $0 |
Carl Helmetag Treasurer | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $209,440 |
| All other contributions, gifts, grants, and similar amounts not included above | $252,837 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $462,277 |
| Total Program Service Revenue | $1,423,832 |
| Investment income | $42,123 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $18,940 |
| Net Gain/Loss on Asset Sales | $93,107 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$54,086 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,986,193 |
| 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 | $542,866 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $87,086 |
| Payroll taxes | $42,270 |
| 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 | $17,500 |
| Advertising and promotion | $0 |
| Office expenses | $73,311 |
| Information technology | $22,209 |
| Royalties | $0 |
| Occupancy | $159,390 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $75,377 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $131,113 |
| Insurance | $49,048 |
| All other expenses | $3,968 |
| Total functional expenses | $1,405,035 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $413,588 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $186,308 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $23,409 |
| Prepaid expenses and deferred charges | $26,640 |
| Net Land, buildings, and equipment | $3,717,482 |
| Investments—publicly traded securities | $3,275,676 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,643,103 |
| Accounts payable and accrued expenses | $74,254 |
| Grants payable | $0 |
| Deferred revenue | $407,560 |
| Tax-exempt bond liabilities | $1,837,101 |
| 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 | $151,144 |
| Total liabilities | $2,470,059 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $5,173,044 |
| Total liabilities and net assets/fund balances | $7,643,103 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Providence Art Club has recieved totaling $10,994.
| Awarding Organization | Amount |
|---|---|
The Rhode Island Community Foundation Providence, RI PURPOSE: PROGRAM SUPPORT; GENERAL OPERATING | $6,994 |
Amy J Bare Charitable Tr Tiverton, RI PURPOSE: OPERATING | $4,000 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Artists For Humanity Inc Boston, MA | $38,813,967 | $6,181,666 |
The Katharine Hepburn Cultural Arts Center Inc Old Saybrook, CT | $3,859,540 | $4,355,262 |
Nxthvn Inc New Haven, CT | $17,933,474 | $3,738,100 |
Lyme Academy Of Fine Arts Inc Old Lyme, CT | $14,295,843 | $2,513,940 |
Trustees Of Eliot School Jamaica Plain, MA | $3,411,558 | $2,005,547 |
Artists Association Of Nantucket Nantucket, MA | $5,698,877 | $1,841,794 |
Providence Art Club Providence, RI | $7,643,103 | $1,986,193 |
Bucks Rock Camp Inc New Milford, CT | $12,855,094 | $14,216,447 |
Truro Center For The Arts At Castle Hill Inc Truro, MA | $5,336,661 | $1,649,041 |
Hopkinton Center For The Arts Hopkinton, MA | $2,540,455 | $1,697,840 |
Falmouth Artists Guild Inc Falmouth, MA | $2,715,028 | $680,331 |
Neighborhood Studios Of Fairfield County Inc Bridgeport, CT | $354,836 | $613,099 |