Greenwich Art Society Inc
- Assets
- $191.1k
- Revenue
- $260.0k
- Investments
- $0.0
- Employees
- 5
- Location
- Greenwich, CT
- Founding
- 03/1961
- Data as of
- 08/2022
- EIN
- 06-6075070
Organization Overview
Greenwich Art Society Inc is located in Greenwich, CT. The organization was established in 1961. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 08/2022, Greenwich Art Society Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greenwich Art Society 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 08/2022, Greenwich Art Society Inc generated $260.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $243.8k during the year ending 08/2022. While expenses have increased by 5.4% 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
FOUNDED IN 1912 BY THE COS COB COLONY OF AMERICAN EXPRESSIONISTS, THE GREENWICH ARTS SOCIETY'S MISSION IS TO FURTHER EDUCATION AND STIMULATE INTEREST IN THE VISUAL ARTS.THROUGH CLASSES, EXHIBITIONS, LECTURES, AND GALLERY TRIPS. THE ORGANIZATION SERVES TO PROMOTE A FURTHER CULTURAL CONTRIBUTION THROUGH SCHOLARSHIPS AND EDUCATIONAL OUTREACH PROGRAMS TO UNDERSERVED GROUPS AND INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONDUCTED FOUR SEMESTERS OF ART CLASSES IN OUR OWN STUDIO WITH A TOTAL OF 390 SEMESTERS OF STUDENTS. PROVIDED $1,096 FOR NEEDY STUDENTS TO TO PARTICIPATE IN ART CLASSES.
OTHER EXPENSES DIRECTLY SERVICING MULTIPLE PROGRAMS.
USUALLY CONDUCT TWO JURIED ART SHOWS IN PUBLIC VENUES. THIS YEAR WE WERE ABLE TO DO ONLY ONE BECAUSE OF LOCAL CONSTRUCTION ISSUES AND CLOSURES DUE TO PANDEMIC RESTRICTIONS.
AS PART OF AN INITIATIVE TO REACH UNDERSERVED STUDENTS IN THE GREATER FAIRFIELD COUNTY AREA, THE GREENWICH ART SOCIETY PROVIDES ART PROGRAMS INVOLVING MUSIC AND ART TO EXPOSE INNER CITY CHILDREN TO CULTURAL ENRICHMENT ACTIVITIES THAT THEIR SCHOOLS ARE NOT ABLE TO PROVIDE. THIS PROGRAM WAS CURTAILED THIS YEAR DUE TO PANDEMIC RESTRICTIONS,
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Newcomb Vp, Outreach Admin.,office Mgr, Instructor | Officer | 30 | $61,515 |
Anna Patalano Managing Director, President, Instructor | Officer | 25 | $55,790 |
Carol Dixon Director At Large, Instructor | Trustee | 3 | $4,540 |
Ellen Gordon VP Public Relations | Officer | 2 | $3,448 |
Arnold Braff Treasurer | Officer | 2 | $2 |
Madeleine Johnson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $7,875 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $40,505 |
| All other contributions, gifts, grants, and similar amounts not included above | $52,376 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $100,756 |
| Total Program Service Revenue | $158,984 |
| Investment income | $248 |
| 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 | $259,988 |
| 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. | $53,155 |
| Compensation of current officers, directors, key employees. | $41,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $55,852 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,351 |
| 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 | $0 |
| Advertising and promotion | $1,002 |
| Office expenses | $9,174 |
| Information technology | $8,268 |
| Royalties | $0 |
| Occupancy | $29,276 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $2,520 |
| All other expenses | $0 |
| Total functional expenses | $243,820 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $66,232 |
| Savings and temporary cash investments | $124,836 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $191,068 |
| Accounts payable and accrued expenses | $2,740 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,740 |
| Net assets without donor restrictions | $188,328 |
| 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 | $191,068 |