Real Art Ways Inc
- Assets
- $4.5m
- Revenue
- $3.9m
- Investments
- $2.1m
- Employees
- 37
- Location
- Hartford, CT
- Founding
- 05/1977
- Data as of
- 09/2022
- EIN
- 06-0958072
Organization Overview
Real Art Ways Inc is located in Hartford, CT. The organization was established in 1977. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2022, Real Art Ways Inc employed 37 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Real Art Ways Inc 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 09/2022, Real Art Ways Inc generated $3.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.8% each year . All expenses for the organization totaled $1.5m during the year ending 09/2022. While expenses have increased by 2.5% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
REAL ART WAYS IS AN ALTERNATIVE MULTIDISCIPLINARY ARTS ORGANIZATION THAT PRESENTS AND SUPPORTS CONTEMPORARY ARTISTS AND THEIR WORK, FACILITATES THE CREATION OF NEW WORK, AND CREATIVELY ENGAGES, BUILDS, AND INFORMS AUDIENCES AND COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FILM AND VIDEO WHICH SERVED 12,214 PEOPLE DURING THE YEAR.
VISUAL ARTS PROGRAM WHICH SERVED 19,532 PEOPLE DURING THE YEAR.
LIVE PERFORMANCE PROGRAM WHICH SERVED 3,896 PEOPLE DURING THE YEAR.
EDUCATIONAL AND FAMILY PROGRAMS WHICH SERVED 3,251 PEOPLE DURING THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Wilkins Exec Directo | Officer | 40 | $173,035 |
Brenda Miller Secretary | OfficerTrustee | 1 | $0 |
Gregg Rohde Chair | OfficerTrustee | 1 | $0 |
Yedalis Ruiz Vice Chair | OfficerTrustee | 1 | $0 |
Paul Mounds Director | Trustee | 1 | $0 |
Olu Oguibe Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $984,215 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,617,109 |
| Noncash contributions included in lines 1a–1f | $73,395 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,601,324 |
| Total Program Service Revenue | $315,199 |
| Investment income | $900 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$1,567 |
| Net Gain/Loss on Asset Sales | -$1,335 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,944,659 |
| 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. | $152,630 |
| Compensation of current officers, directors, key employees. | $22,071 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $608,029 |
| Pension plan accruals and contributions | $8,404 |
| Other employee benefits | $34,965 |
| Payroll taxes | $62,359 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $14,552 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $70,026 |
| Advertising and promotion | $5,642 |
| Office expenses | $24,849 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $110,452 |
| Travel | $13,360 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $37,361 |
| Insurance | $40,281 |
| All other expenses | $102,869 |
| Total functional expenses | $1,478,772 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $202,592 |
| Savings and temporary cash investments | $1,468,588 |
| Pledges and grants receivable | $520,358 |
| Accounts receivable, net | $13,051 |
| 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 | $9,692 |
| Net Land, buildings, and equipment | $123,081 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,147,393 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $41,051 |
| Total assets | $4,525,806 |
| Accounts payable and accrued expenses | $86,256 |
| Grants payable | $0 |
| Deferred revenue | $147,200 |
| 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 | $0 |
| Total liabilities | $233,456 |
| Net assets without donor restrictions | $3,628,054 |
| Net assets with donor restrictions | $664,296 |
| 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 | $4,525,806 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Real Art Ways Inc has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Edward C And Ann T Roberts Foundation Inc West Hartford, CT PURPOSE: FUNDING TO SUPPORT THE 2022/2023 REAL AWARDS AND EXHIBITIONS | $15,000 |
Endowment Analysis
| Beg. Balance | $503,000 |
| Earnings | $205 |
| Other Expense | $205 |
| Ending Balance | $503,000 |
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 |