Artists Collective Incorporated
- Assets
- $3.9m
- Revenue
- $924.7k
- Investments
- $0.0
- Employees
- 33
- Location
- Hartford, CT
- Founding
- 04/1973
- Data as of
- 06/2022
- EIN
- 06-0889475
Organization Overview
Artists Collective Incorporated is located in Hartford, CT. The organization was established in 1973. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Artists Collective Incorporated employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Artists Collective Incorporated 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, Artists Collective Incorporated generated $924.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $818.3k 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
CULTURAL ENRICHMENT IN PERFORMING ARTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUMMER AND AFTER SCHOOL PROGRAMS OF INSTRUCTION IN PERFORMING AND VISUAL ARTS TO OCCUPY FREE TIME OF YOUNG PEOPLE CULMINATING IN A SEASON-END SHOWCASE OF ACHIEVEMENT
TRAINING PROGRAMS AND INSTRUCTION IN DANCE AND MUSIC WHICH PROMOTE THE CULTURAL ENRICHMENT OF INNER CITY YOUTHS AND ADULTS WITH EMPHASIS ON AFRICAN AMERICAN ART AND CULTURE
MUSICAL CONCERTS AND DANCE FESTIVALS WHICH EMPHASIZE PERFORMING ARTS OF THE AFRICAN AMERICAN AND STIMULATE ENRICHMENT OF THE GREATER HARTFORD AREA CULTURAL COMMUNITY
COMMUNITY OUTREACH PROGRAMS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cheryl Smith Assistant Executive Director | Officer | 50 | $12,020 |
Miriam Roane President/acting Executive Director | OfficerTrustee | 10 | $0 |
Ricky Frimpong Treasurer | OfficerTrustee | 5 | $0 |
Dermoth Brown Director | Trustee | 1 | $0 |
Sonja Hall Director | Trustee | 1 | $0 |
Ronald Simpson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $218,628 |
| All other contributions, gifts, grants, and similar amounts not included above | $556,956 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $775,584 |
| Total Program Service Revenue | $149,152 |
| Investment income | $10 |
| 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 | $924,746 |
| 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 | $257,210 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $29,405 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,988 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,000 |
| Advertising and promotion | $7,521 |
| Office expenses | $57,747 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $147,627 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $980 |
| Interest | $3,116 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $198,187 |
| Insurance | $0 |
| All other expenses | $8,658 |
| Total functional expenses | $818,327 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $65,534 |
| Savings and temporary cash investments | $22,146 |
| Pledges and grants receivable | $268,630 |
| Accounts receivable, net | $2,100 |
| 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 | $1,361 |
| Net Land, buildings, and equipment | $3,504,150 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,863,921 |
| Accounts payable and accrued expenses | $178,322 |
| 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 | $32,435 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $210,757 |
| Net assets without donor restrictions | $3,401,588 |
| Net assets with donor restrictions | $251,576 |
| 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 | $3,863,921 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Artists Collective Incorporated has recieved totaling $192,691.
| Awarding Organization | Amount |
|---|---|
Chester Kitchings Family Foundation Orlando, FL PURPOSE: GENERAL OPERATING | $40,000 |
J Walton Bissell Foundation Inc West Hartford, CT PURPOSE: ENSEMBLES; LESSONS; AND RITE OF PASSAGE PROGRAMMING | $25,000 |
J Walton Bissell Foundation Inc West Hartford, CT PURPOSE: ENSEMBLES; LESSONS; AND RITE OF PASSAGE PROGRAMMING | $25,000 |
J Walton Bissell Foundation Inc West Hartford, CT PURPOSE: ENSEMBLES; LESSONS; AND RITE OF PASSAGE PROGRAMMING | $25,000 |
Hartford Foundation For Public Giving Hartford, CT PURPOSE: GENERAL OPERATING SUPPORT | $22,417 |
New England Foundation For The Arts Inc Boston, MA PURPOSE: GENERAL OPERATING, CREATION AND/OR PRESENTING SUPPORT | $20,000 |
Endowment Analysis
| Beg. Balance | $28,230 |
| Earnings | $10 |
| Other Expense | $6,094 |
| Ending Balance | $22,146 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Epoch Times Association Inc New York, NY | $35,086,092 | $121,545,102 |
The American Ireland Fund Boston, MA | $28,715,910 | $22,675,949 |
Japan Society Inc New York, NY | $91,776,832 | $10,515,982 |
French Institute-Alliance Francaise New York, NY | $24,965,114 | $8,095,199 |
Center For Jewish History Inc New York, NY | $52,466,984 | $9,804,079 |
National Yiddish Book Center Inc Amherst, MA | $63,979,400 | $12,290,218 |
Hispanic Society Of America New York, NY | $100,790,486 | $5,124,176 |
Columbus Citizens Foundation Inc New York, NY | $32,932,983 | $6,043,809 |
Swiss Institute New York, NY | $5,483,468 | $4,486,430 |
The Workmens Circle Arbeter Ring Incorporated New York, NY | $40,155,204 | $3,248,855 |
An Claidheamh Soluis Inc New York, NY | $72,072,476 | $13,153,865 |
Circle Lodge-Camp Kinder Ring Of The Workmens Circle Incorporated Hopewell Junction, NY | $6,012,413 | $4,542,835 |