Silvermine Guild Of Artists Inc
- Assets
- $2.7m
- Revenue
- $2.5m
- Investments
- $69.4k
- Employees
- 0
- Location
- New Canaan, CT
- Founding
- 12/1948
- Data as of
- 06/2022
- EIN
- 06-0674168
Organization Overview
Silvermine Guild Of Artists Inc, operating under the name Silvermine Arts Center, is located in New Canaan, CT. The organization was established in 1948. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, 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. Silvermine Arts Center 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 06/2022, Silvermine Arts Center generated $2.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $2.0m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SILVERMINE ARTS CENTER PROVIDES EXPERIENCES THAT EXPAND THE MIND, NOURISH THE SOUL, AND CONNECT PEOPLE THROUGH THE UNIVERSAL LANGUAGE OF ART.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOOL OF ART - THE SCHOOL OF ART PROVIDES YEAR-ROUND CLASSES TO APPROXIMATELY 4,500 ENROLLMENTS BOTH YOUNG AND OLD. A DISTINGUISHED FACULTY OF APPROXIMATELY 90 ARTIST/EDUCATORS OFFER INSTRUCTION IN PAINTING, DRAWING, PRINTMAKING, CERAMICS, SCULPTURE, DIGITAL IMAGERY, PHOTOGRAPHY, JEWELRY DESIGN, MIXED MEDIA AND CREATIVE WRITING.
THE SILVERMINE GALLERIES - THE SILVERMINE GALLERIES PRESENT ROTATING ART EXHIBITS FOR THE GENERAL PUBLIC AND ARE RECOGNIZED AS ONE OF NEW ENGLAND'S MOST RESPECTED SHOWCASES FOR ESTABLISHED AND EMERGING ARTISTS. A COMPLEX OF FIVE GALLERIES AND A SCULPTURE GARDEN, THE SILVERMINE GALLERIES BOAST AN AMBITIOUS EXHIBITION SCHEDULE, PRESENTING OVER 20 SHOWS EACH YEAR, WHICH ARE VIEWD BY OVER 12,500 VISITORS. THE GALLERIES ALSO OFFER A VARIETY OF EXHIBITING ARTISTS' TALKS WHICH ARE HELD MONTHLY . EXHIBITION PROGRAMMING ALSO INCLUDES LECTURES, FILM SCREENINGS, AND PANEL DISCUSSIONS.
ART PARTNERS OUTREACH - SINCE 1992, THE ART PARTNERS OUTREACH EDUCATION PROGRAM HAS SERVED OVER 17,000 STUDENTS BY PLACING PROFESSIONAL TEACHING ARTISTS IN THE CLASSROOMS OF TARGETED UNDER-RESOURCED URBAN NORWALK AND STAMFORD SCHOOLS WITH MINORITY POPULATIONS AS HIGH AS 81% AND UP TO 65% REDUCED AND FREE LUNCH POPULATIONS. OUR TEACHING ARTISTS COLLABORATE WITH CLASSROOM TEACHERS TO CREATE STUDIO CLASSES THAT INCORPORATE CURRICULAR TOPICS SUCH AS LITERACY, GEOGRAPHY, HISTORY OR SCIENCE. CLASSES ARE DESIGNED TO IMPROVE CRITICAL THINKING, PROBLEM SOLVING, AND COMMUNICATION SKILLS, ESPECIALLY IN THE SOCIAL/EMOTIONAL ARENA. THESE ARE ESSENTIAL TOOLS THAT AUGUR STUDENT SUCCESS IN THE 21ST CENTURY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Linarducci Vice Chair, Developm | OfficerTrustee | 40 | $73,500 |
Grace Tang Treasurer, Finance | OfficerTrustee | 5 | $0 |
Rose-Marie Fox Chair, Development C | OfficerTrustee | 25 | $0 |
Emily Mcdermott Secretary | OfficerTrustee | 5 | $0 |
Mark Carta Governance Committee | Trustee | 0 | $0 |
Joseph Kais Finance Committee | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $80,810 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $237,599 |
| All other contributions, gifts, grants, and similar amounts not included above | $295,902 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $614,311 |
| Total Program Service Revenue | $1,564,162 |
| Investment income | $5,769 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $71,235 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $10,076 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,496,150 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $88,246 |
| 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 | $73,500 |
| Other salaries and wages | $1,011,791 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $103,697 |
| 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 | $92,797 |
| Advertising and promotion | $13,051 |
| Office expenses | $1,344 |
| Information technology | $85,842 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,638 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $21,480 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $37,179 |
| Insurance | $37,468 |
| All other expenses | $49,049 |
| Total functional expenses | $2,030,915 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,675,816 |
| Savings and temporary cash investments | $36,495 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,996 |
| 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 | $909,795 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $69,420 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,702,522 |
| Accounts payable and accrued expenses | $146,840 |
| Grants payable | $0 |
| Deferred revenue | $387,585 |
| 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 | $452,528 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $986,953 |
| Net assets without donor restrictions | $1,387,534 |
| Net assets with donor restrictions | $328,035 |
| 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 | $2,702,522 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Silvermine Guild Of Artists Inc has recieved totaling $29,622.
| Awarding Organization | Amount |
|---|---|
New Canaan Community Foundation Inc New Canaan, CT PURPOSE: GRANT TO SUPPORT GENERAL OPERATING | $15,000 |
Fairfield Countys Community Foundation Inc Norwalk, CT PURPOSE: FOR GENERAL SUPPORT. | $6,000 |
The@pitney Bowes Employee Involvement Fund Inc Stamford, CT PURPOSE: ART PARTNERS OUTREACH EDUCATION: LITERACY THROUGH THE ARTS | $5,000 |
Knapp Fund New York, NY PURPOSE: GENERAL FUND | $3,000 |
Maurice Goodman Foundation Inc Tr Tax 1a-4-078 Norwalk, CT PURPOSE: CHARITABLE | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $122 |
Endowment Analysis
| Beg. Balance | $152,042 |
| Ending Balance | $152,042 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dia Center For The Arts Inc New York, NY | $215,209,262 | $19,693,933 |
Munson-Williams-Proctor Arts Institute Utica, NY | $139,434,457 | $25,944,561 |
Bethel Woods Center For The Arts Inc Liberty, NY | $30,099,296 | $24,809,456 |
Joan Mitchell Foundation Inc New York, NY | $163,093,074 | $7,287,755 |
Pioneer Works Art Foundation Brooklyn, NY | $17,838,425 | $7,041,619 |
St Anns Warehouse Inc Brooklyn, NY | $32,618,208 | $8,833,127 |
One Club For Creativity Inc New York, NY | $23,237,696 | $9,988,732 |
Consensus Building Institute Inc Cambridge, MA | $9,333,296 | $7,559,086 |
Judd Foundation New York, NY | $82,389,087 | $7,883,436 |
Guild Hall Of East Hampton Inc East Hampton, NY | $35,896,554 | $17,394,413 |
City Lore Inc New York, NY | $1,966,661 | $4,516,520 |
New Haven International Festival Of Arts & Ideas Inc New Haven, CT | $2,354,201 | $4,042,570 |