Marian And Edward Macdowell Inc

Organization Overview

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.

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".


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Board, Officers & Key Employees

Name (title)Compensation
Robert M Olmsted
Secretary
$0
Nell Painter
Chairman
$0
Christine Fisher
Vice President
$0
Andrew M Senchak
President
$0
Peter Wirth
Treasurer
$0
Thomas P Putnam
Director (left 4/2021)
$0

Financial Statements

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

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