Marian And Edward Macdowell Inc is located in Peterborough, NH. The organization was established in 1923. According to its NTEE Classification (A90) the organization is classified as: Arts Services, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Marian And Edward Macdowell Inc employed 65 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marian And Edward Macdowell 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, Marian And Edward Macdowell Inc generated $6.1m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $5.8m during the year ending 12/2022. While expenses have increased by 3.2% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
MACDOWELL'S MISSION IS TO NURTURE THE ARTS BY OFFERING TALENTED INDIVIDUALS (SEE SCH O)AN INSPIRING RESIDENTIAL ENVIRONMENT IN WHICH TO PRODUCE ENDURING WORKS OF THE IMAGINATION. MACDOWELL WELCOMES ARTISTS ENGAGING IN THE BROADEST SPECTRUM OF ARTISTIC PRACTICE AND THOSE INVESTIGATING AN UNLIMITED ARRAY OF CREATIVE INQUIRIES AND CONCERNS. MACDOWELL APPLIES THE SAME EGALITARIAN STANDARDS FOR ALL THOSE WHO SERVE THE ORGANIZATION IN A STAFF, VOLUNTEER, OR REPRESENTATIVE CAPACITY. MACDOWELL GRANTS FELLOWSHIPS TO AS MANY AS 300 ARTISTS PER YEAR, OFFERING ROOM, BOARD, AND EXCLUSIVE USE OF A STUDIO FOR STAYS UP TO SIX WEEKS. AMIDST THE COMPANY OF A DIVERSE COMMUNITY OF PEERS, MACDOWELL FELLOWS' PRODUCTIVITY BENEFITS FROM THESE WEEKS FREED FROM DISTRACTION TOGETHER WITH THE OPPORTUNITY TO EXCHANGE CREATIVE IDEAS AND CONNECTIONS IN A CONVIVIAL SETTING.
Describe the Organization's Program Activity:
APPLICATION IS OPEN TO ALL ARTISTS NOT CURRENTLY MATRICULATED AS STUDENTS. THE SOLE CRITERION FOR ACCEPTANCE IS THE ARTISTIC EXCELLENCE APPARENT IN A WORK SAMPLE SUBMITTED IN THE APPLICATION AND EVALUATED BY PEER PANEL REVIEW. MACDOWELL DEFINES ARTISTIC EXCELLENCE IN A PLURALISTIC AND INCLUSIVE WAY, ENCOURAGING APPLICATIONS FROM THE WIDEST POSSIBLE RANGE OF PERSPECTIVES, CAREER STAGES, AND DEMOGRAPHICS. WHILE IN RESIDENCE, ARTISTS RECEIVE ROOM, BOARD, AND EXCLUSIVE USE OF A STUDIO FOR UP TO SIX WEEKS. ALL ARTISTS ARE ELIGIBLE FOR REIMBURSEMENT OF TRAVEL COSTS ASSOCIATED WITH GETTING TO AND FROM MACDOWELL. FINANCIAL ASSISTANCE AND STIPENDS OF UP TO $2,500 ARE AWARDED BASED ON FINANCIAL NEED. IN 2022, MACDOWELL HOSTED 278 ARTISTS FOR A TOTAL OF 7,356 "ARTIST-DAYS" (THE AVERAGE RESIDENCY BEING 26 DAYS). (SEE SCH. O) A TOTAL OF 87 ARTISTS RECEIVED FINANCIAL AID STIPENDS TOTALING $125,242. EDUCATION AND COMMUNITY BENEFIT PROGRAMS, PUBLICATION, PRESENTATIONS AND OTHER ACTIVITIES HAVE ALLOWED MACDOWELL TO INCREASE UNDERSTANDING AND APPRECIATION OF THE ARTS FOR AN INCLUSIVE PUBLIC AUDIENCE.IN 2021, MACDOWELL CONTINUED ITS THREE-YEAR COLLABORATION (2020-2022) WITH YANCEY CONSULTING, FURTHER DEVELOPING ITS EXPLORATIONS OF DIVERSITY, EQUITY, INCLUSION AND ACCESS THROUGHOUT THE ORGANIZATION BY ENGAGING A MIXTURE OF BOARD AND STAFF FOCUS GROUPS TARGETING PARTICULAR PROGRAM AND ADMINISTRATIVE AREAS, FELLOWS INTERVIEWS AND FURTHER DEVELOPMENT OF VIRTUAL MACDOWELL, AN ARTIST SUPPORT, COMMUNITY AND OUTREACH TOOL. FOUNDED IN 1907, MACDOWELL WAS AWARDED THE NATIONAL MEDAL OF ARTS IN 1997 FOR "NURTURING & INSPIRING MANY OF THE CENTURY'S FINEST ARTISTS".
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Robert M Olmsted Secretary | OfficerTrustee | 5 | $0 |
Nell Painter Chairman | OfficerTrustee | 5 | $0 |
Christine Fisher Vice President | OfficerTrustee | 1 | $0 |
Andrew M Senchak President | OfficerTrustee | 5 | $0 |
Peter Wirth Treasurer | OfficerTrustee | 5 | $0 |
Thomas P Putnam Director (left 4/2021) | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $536,645 |
Related organizations | $0 |
Government grants | $15,000 |
All other contributions, gifts, grants, and similar amounts not included above | $1,667,375 |
Noncash contributions included in lines 1a–1f | $401,486 |
Total Revenue from Contributions, Gifts, Grants & Similar | $2,219,020 |
Total Program Service Revenue | $100,464 |
Investment income | $889,529 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $67,398 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $2,880,902 |
Net Income from Fundraising Events | -$108,948 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $6,095,551 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $125,242 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $866,148 |
Compensation of current officers, directors, key employees. | $271,255 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,868,829 |
Pension plan accruals and contributions | $152,938 |
Other employee benefits | $323,943 |
Payroll taxes | $190,669 |
Fees for services: Management | $0 |
Fees for services: Legal | $14,886 |
Fees for services: Accounting | $23,125 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $129,762 |
Fees for services: Other | $199,583 |
Advertising and promotion | $0 |
Office expenses | $73,251 |
Information technology | $93,154 |
Royalties | $0 |
Occupancy | $262,554 |
Travel | $152,761 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $15,034 |
Interest | $94,581 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $584,925 |
Insurance | $105,080 |
All other expenses | $194,461 |
Total functional expenses | $5,813,359 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $684,623 |
Savings and temporary cash investments | $65,492 |
Pledges and grants receivable | $113,900 |
Accounts receivable, net | $22,924 |
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 | $123,689 |
Net Land, buildings, and equipment | $9,847,823 |
Investments—publicly traded securities | $36,881,462 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $479,286 |
Total assets | $48,219,199 |
Accounts payable and accrued expenses | $283,596 |
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 | $2,132,243 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $20,465 |
Total liabilities | $2,436,304 |
Net assets without donor restrictions | $18,888,400 |
Net assets with donor restrictions | $26,894,495 |
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 | $48,219,199 |
Organization Name | Assets | Revenue |
---|---|---|
Marian And Edward Macdowell Inc Peterborough, NH | $48,219,199 | $6,095,551 |
Emerson Umbrella Inc Concord, MA | $30,113,368 | $2,641,232 |
Jane And Jack Fitzpatrick Tr Stockbridge, MA | $16,814,843 | $2,150,036 |
Arts & Business Council Of Greater Boston Inc Boston, MA | $2,249,876 | $1,470,654 |
Artspace Inc Maynard, MA | $206,340 | $437,967 |
Copley Society Of Art Boston, MA | $480,806 | $440,998 |
Follow Your Art Community Studios Inc Melrose, MA | $570,797 | $473,961 |
Common Wealth Mural Collaborative Granby, MA | $116,563 | $391,697 |
Workshop 13 Inc Ware, MA | $416,277 | $478,924 |
Hillfest Events New Ipswich, NH | $203,681 | $327,737 |
St Botolph Club Foundation Boston, MA | $1,313,497 | $273,996 |
Artists West Association Inc Waltham, MA | $38,176 | $0 |
Ars Inc W Chesterfield, NH | $3,034,949 | $73,748 |
A Brush With History Inc Lowell, MA | $90,233 | $0 |
Altri Foundation Brookline, MA | $3,542 | $1,835 |
Vanderlip Heritage Fund Inc Henniker, NH | $46,943 | $1,500 |
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