Islip Arts Council Inc
- Assets
- $37.5k
- Revenue
- $310.5k
- Investments
- $0.0
- Employees
- 5
- Location
- Bay Shore, NY
- Founding
- 02/1981
- Data as of
- 12/2023
- EIN
- 11-2548822
Organization Overview
Islip Arts Council Inc is located in Bay Shore, NY. The organization was established in 1981. 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. As of 12/2023, Islip Arts Council Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Islip Arts Council 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 12/2023, Islip Arts Council Inc generated $310.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $343.1k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.5%) per year over the past 9 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ISLIP ARTS COUNCIL IS DEDICATED TO LEADERSHIP, ADVOCACY AND EXCELLENCE IN THE ARTS BY PRESENTING, PRODUCING AND PROMOTING CULTURALLY RESPONSIVE, HIGH QUALITY PROGRAMS FOR DIVERSE POPULATIONS IN VARIED ARTISTIC DISCIPLINES. IN PARTNERSHIP WITH LOCAL, STATE, FEDERAL AND PRIVATE ORGANIZATIONS, THE GOAL IS TO FACILITATE THESE PROGRAMS IN RESPONSE TO THE NEEDS OF THE COMMUNITY AND LONG ISLAND AT LARGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ARTS PROGRAMS - PROVIDE PROGRAMS IN MUSIC GENRES INCLUDING CHAMBER MUSIC, JAZZ, CLASSICAL AND POPULAR TO THE TOWN OF ISLIP. THE COUNCIL HAS A LOCATION AT THE WESTFIELD MALL "THE GALLERY" WHERE ART EXHIBITS, IN-PERSON FINE ART CLASSES AND WORKSHOPS, EXHIBITED PAINTINGS, LIVE PERFORMANCES AND SPECIAL EVENTS ARE HELD. THE ORGANIZATION RECEIVED 89,045 IN DONATED SERVICES INCLUDING ACCOUNTING AND OFFICE SPACE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynda Moran Executive Di | OfficerTrustee | 40 | $42,050 |
Katrina Kuan Gallery Admi | Officer | 14 | $22,360 |
Belinda Rubino Advisory Cou | Trustee | 1 | $15,557 |
Christina W Macina Treasurer | OfficerTrustee | 14 | $9,555 |
Jeanine Amato Advisory Cou | Trustee | 1 | $0 |
Rick Ammirati Advisory Cou | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $82,974 |
| All other contributions, gifts, grants, and similar amounts not included above | $155,041 |
| Noncash contributions included in lines 1a–1f | $89,045 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $238,015 |
| Total Program Service Revenue | $72,342 |
| Investment income | $0 |
| 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 | $310,463 |
| 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. | $89,522 |
| Compensation of current officers, directors, key employees. | $3,581 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,430 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,646 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $696 |
| Office expenses | $2,829 |
| Information technology | $16,358 |
| Royalties | $0 |
| Occupancy | $89,295 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,612 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,093 |
| All other expenses | $25,113 |
| Total functional expenses | $343,054 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,044 |
| Savings and temporary cash investments | $4 |
| Pledges and grants receivable | $26,010 |
| Accounts receivable, net | $5,430 |
| 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 | $37,488 |
| Accounts payable and accrued expenses | $42,770 |
| Grants payable | $0 |
| Deferred revenue | $387 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $8,200 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,193 |
| Total liabilities | $54,550 |
| Net assets without donor restrictions | -$17,062 |
| 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 | $37,488 |