South County Art Association
- Assets
- $967.5k
- Revenue
- $570.9k
- Investments
- $0.0
- Employees
- 8
- Location
- Kingston, RI
- Founding
- 01/1946
- Data as of
- 09/2023
- EIN
- 05-6008104
Organization Overview
South County Art Association is located in Kingston, RI. The organization was established in 1946. 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 09/2023, South County Art Association employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South County 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 09/2023, South County Art Association generated $570.9k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $544.3k during the year ending 09/2023. While expenses have increased by 10.5% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION IN AND EXHIBITION OF FINE ARTS AND POTTERY
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL PROGRAMS
EXHIBITIONS
SPECIAL EVENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jen Ferry Executive Director | Officer | 40 | $58,397 |
Nancy Vetters Member | Trustee | 2 | $0 |
Maryann Stenson Member | Trustee | 1.5 | $0 |
Jessica Schaffer Member | Trustee | 1.5 | $0 |
Michael Mosca Vice President | OfficerTrustee | 3.8 | $0 |
Lynne Moulton President | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $29,680 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $92,683 |
| All other contributions, gifts, grants, and similar amounts not included above | $48,719 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $171,082 |
| Total Program Service Revenue | $381,251 |
| Investment income | $18,571 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $570,904 |
| 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. | $58,397 |
| Compensation of current officers, directors, key employees. | $16,464 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $117,028 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,765 |
| Payroll taxes | $13,768 |
| Fees for services: Management | $1,838 |
| Fees for services: Legal | $2,170 |
| Fees for services: Accounting | $4,346 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $10,500 |
| Fees for services: Investment Management | $4,288 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,873 |
| Office expenses | $7,015 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $25,431 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,750 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,118 |
| Insurance | $9,819 |
| All other expenses | $12,713 |
| Total functional expenses | $544,266 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $168,048 |
| Savings and temporary cash investments | $186,943 |
| 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 | $8,397 |
| Net Land, buildings, and equipment | $203,452 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $400,636 |
| Total assets | $967,476 |
| Accounts payable and accrued expenses | $12,335 |
| 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 | $102,864 |
| Total liabilities | $115,199 |
| Net assets without donor restrictions | $840,067 |
| Net assets with donor restrictions | $12,210 |
| 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 | $967,476 |