Griffis Art Center Inc
- Assets
- $780.8k
- Revenue
- $171.1k
- Investments
- $0.0
- Employees
- 0
- Location
- New London, CT
- Founding
- 10/1991
- Data as of
- 12/2022
- EIN
- 06-1281243
Organization Overview
Griffis Art Center Inc is located in New London, CT. The organization was established in 1991. 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. Griffis Art 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 12/2022, Griffis Art Center Inc generated $171.1k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $154.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
INTERNATIONAL ARTIST-IN-RESIDENCE PROGRAM: ESTABLISHED IN 1989 ARTISTS FROM AROUND THE WORLD ARE CHOSEN IN A COMPETITIVE SELECTION PROCESS. UP TO TWO ARTISTS ARE SELECTED TWICE A YEAR TOTAL OF 4 TO PARTICIPATE FOR A PERIOD OF 3 MONTHS EACH. THE GRIFFIS ART CENTER PROVIDES A FULLY FURNISHED APARTMENT INCLUDING ALL UTILITIES AMENITIES INTERNET AND A SPACIOUS SEPARATE ARTIST'S STUDIO. DURING THEIR RESIDENCY ARTISTS MAY BE OFFERED AN OPEN STUDIO PUBLICATIONS FILMING FOR EDUCATIONAL PURPOSES RECEPTIONS LECTURES AND INTRODUCTIONS TO MEMBERS OF THE COMMUNITY. ALL COMMUNITY EXHIBITIONS AND LECTURES ARE FREE AND OPEN TO THE PUBLIC. INVITED PAINTERS POETS AND WRITERS ARE WELCOMED TO THEIR HOST COUNTRY TO BE IMMERSED IN THE ART IDEAS CULTURE AND SPIRIT OF THEIR NEW COMMUNITIES. BECAUSE OF COVID-19 THERE WERE NO ARTISTS-IN-RESIDENCE IN 2022 BUT THE FACILITIES WERE UPGRADED AND MAINTAINED.
TWO COLLABORATIONS: 1 WITH THE TRIBUTARY MILL CONSERVANCY FOR THE PROGRAM WHISPERING FALLS - WHERE ART & SCIENCE MEET. 2 ARTS NEW LONDON - A VIRTUAL ARCHIVE PROJECT FOR THE CITY OF NEW LONDON.
GEMFIRE STUDIO SKY BREAK: THESE TURN-OF-THE-CENTURY PROPERTIES HAVE BEEN RENOVATED TO OFFER RENTAL APARTMENTS FOR ARTISTS WRITERS AND COMPOSERS. THE RENTAL RATES ARE KEPT BELOW MARKET RATES TO ASSIST ARTISTS CREATING AN ARTISTIC COMMUNITY WITHIN NEW LONDON AND TO SUPPORT THE RESIDENCY PROGRAMS.
THE ROGER W. DENNIS IMPRESSIONIST GARDEN: LOCATED ON A VACANT AREA BETWEEN THE BUILDINGS A LARGE GARDEN PLANTED FOR THE USE OF THE ARTISTS AND WRITERS LIVING THERE. IN ADDITION TO THE ARTISTS AND TENANTS USE NEIGHBORHOOD RESIDENTS AND LOCAL ELEMENTARY AND MIDDLE SCHOOL GROUPS USE THE RWD GARDEN FOR ART POETRY AND SCIENCE PROJECTS. SEVERAL TIMES DURING THE YEAR THE GAC HOSTS SPECIAL PROGRAMS FOR SCHOOLCHILDREN IN THE GARDEN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sharon T Griffis President Treasurer | 65 | $0 | |
Frances S Tripp Secretary | 3 | $0 | |
Scot Thomas Tripp Vice-President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $111,876 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $59,234 |
| Total Revenue | $171,110 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $17,148 |
| Depreciation | $36,167 |
| Occupancy | $95,436 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,682 |
| Total operating and administrative expenses | $154,433 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $154,433 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,142 |
| Savings and temporary cash investments | $200 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $533,819 |
| Other assets | $244,685 |
| Total assets | $780,846 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |