Waco Cultural Arts Fest
- Assets
- $344.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Waco, TX
- Founding
- 07/2006
- Data as of
- 12/2021
- EIN
- 05-0616886
Organization Overview
Waco Cultural Arts Fest is located in Waco, TX. The organization was established in 2006. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, 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. Waco Cultural Arts Fest 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, Waco Cultural Arts Fest generated $185.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (14.4%) each year. All expenses for the organization totaled $211.3k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE MULTICULTURAL EVENTS FOR UNDERSTANDING OF CULTURAL DIFFERENCES THROUGH THE ARTS.
Describe the Organization's Program Activity:
Part 3
WCAF CONTRACTS WITH INDIVIDUAL ARTISTS AND RECEIVES FUNDS DONATED TO SUPPORT THE PLACEMENT OF PUBLIC ART IN WACO AND THE SURROUNDING COMMUNITIES.
WCAF HONORS ART EDUCATION AND THE ART COMMUNITY THROUGH AN ANNUAL TWO DAY FESTIVAL OF ART, MUSIC, PERFORMANCE, FOOD, AND ART ACTIVITIES FOR ALL AGES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sugako Stone Secretary | 1 | $0 | |
Doreen Ravenscroft President | 10 | $0 | |
Brandy Abel Clark Director | 1 | $0 | |
Daniel Hollingsworth Treasurer | 5 | $0 | |
Carla Dotson Director | 1 | $0 | |
Laura Beck Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $173,860 |
| Total Program Service Revenue | $5,772 |
| Membership dues | $3,600 |
| Investment income | $124 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $1,779 |
| Other Revenue | $0 |
| Total Revenue | $185,135 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $7,495 |
| Occupancy, rent, utilities, and maintenance | $20,576 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $182,843 |
| Total expenses | $211,314 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $121,383 |
| Other assets | $0 |
| Total assets | $344,008 |
| Total liabilities | $42,967 |
| Net assets or fund balances | $301,041 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Waco Cultural Arts Fest has recieved totaling $75,931.
| Awarding Organization | Amount |
|---|---|
Waco Foundation Waco, TX PURPOSE: EXHIBITIONS | $55,789 |
Madison Alexander Cooper And Martha Roane Cooper Foundation Waco, TX PURPOSE: BRIDGE OF SOULS, TEMPORARY PUBLIC ART INSTALLATION TO COMMEMORATE THE LOCAL LIVES LOST TO COVID-19 | $20,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $142 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dallas Contemporary Dallas, TX | $3,580,432 | $1,729,811 |
Louisiana Art And Science Museum Inc Baton Rouge, LA | $6,561,733 | $3,010,375 |
Kid Smart New Orleans, LA | $1,431,671 | $1,483,541 |
Glass Control Inc Emp Ben Tr Lubbock, TX | $187,823 | $1,183,121 |
Ballroom Cultural Arts Foundation Marfa, TX | $1,422,501 | $1,165,140 |
Gil And Dody Weaver Foundation Dallas, TX | $0 | $964,218 |
Fotofest Inc Houston, TX | $1,959,929 | $2,155,129 |
Interform Springdale, AR | $499,617 | $931,526 |
Inspiration Point Fine Arts Colony Inc Eureka Springs, AR | $3,726,831 | $2,341,148 |
Dallas Spark Dallas, TX | $494,166 | $779,653 |
Valere B Potter Trust Uw Dallas, TX | $5,062,926 | $695,206 |
Creative Arts Center Of Dallas Dallas, TX | $609,840 | $730,284 |