Norwich Arts Center Inc
- Assets
- $938.0k
- Revenue
- $582.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Norwich, CT
- Founding
- 09/1988
- Data as of
- 06/2024
- EIN
- 06-1205398
Organization Overview
Norwich Arts Center Inc is located in Norwich, CT. The organization was established in 1988. According to its NTEE Classification (A26) the organization is classified as: Arts & Humanities Councils & Agencies, 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. Norwich Arts Center 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 06/2024, Norwich Arts Center Inc generated $582.9k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 46.3% each year . All expenses for the organization totaled $124.1k during the year ending 06/2024. While expenses have increased by 5.4% per year over the past 5 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE LOCAL ART AND ART APPRECIATION.
Describe the Organization's Program Activity:
DONALD L OAT THEATER PROGRAMS SPONSORED AN ONGOING SERIES OF MUSIC AND THEATRICAL PROGRAMS, FEATURING LOCAL AND REGIONAL ARTISTS TO INCREASE THE DIVERSITY OF CULTURAL ACTIVITIES IN THE COMMUNITY. PROVIDED REHEARSAL AND PERFORMANCE SPACE FOR ARTISTS AND ART EDUCATORS.
NORWICH ARTS CENTER COOPERATIVE GALLERY PROVIDED A VENUE FOR CONTEMPORARY, NONTRADITIONAL VISUAL ARTS, OFFERING DIVERSE MONTHLY EXHIBITIONS AND CONTRIBUTING TO THE DEVELOPMENT OF THE CHELSEA ARTS DISTRICT. THE WORK OF OVER 100 ARTISTS HAS BEEN DISPLAYED THIS YEAR.
CHILDREN'S EDUCATIONAL PROGRAMS COLLABORATION WITH THE NORWICH PUBLIC SCHOOLS TO PROVIDE INSTRUCTION IN DRAMA, MUSIC, MOVEMENT AND JOURNALING TO ELEMENTARY SCHOOL CHILDREN IN GRADES 4-8 VIA ZOOM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Masse Secretary | Officer | 1 | $0 |
Patricia Lapierre Treasurer | Officer | 10 | $0 |
Faye Ringel President | Officer | 10 | $0 |
Carol Dunn Co-President | Officer | 10 | $0 |
James R Marshall III Board Member | Trustee | 1 | $0 |
Yvette M Small Chair Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $6,410 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $510,214 |
| All other contributions, gifts, grants, and similar amounts not included above | $18,103 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $534,727 |
| Total Program Service Revenue | $34,894 |
| Investment income | $5 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $9,660 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $2,011 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $582,894 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $503 |
| Advertising and promotion | $1,131 |
| Office expenses | $8,382 |
| Information technology | $1,288 |
| Royalties | $0 |
| Occupancy | $24,176 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $9,096 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $37,670 |
| Insurance | $4,485 |
| All other expenses | $2,170 |
| Total functional expenses | $124,126 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $488,163 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $449,809 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $937,972 |
| Accounts payable and accrued expenses | $17 |
| 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 | $92,245 |
| Other liabilities | $0 |
| Total liabilities | $92,262 |
| Net assets without donor restrictions | $845,710 |
| Net assets with donor restrictions | $0 |
| 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 | $937,972 |