Salem Art Works Inc
- Assets
- $177.4k
- Revenue
- $550.2k
- Investments
- $0.0
- Employees
- 12
- Location
- Salem, NY
- Founding
- 12/2007
- Data as of
- 09/2023
- EIN
- 13-4309608
Organization Overview
Salem Art Works Inc is located in Salem, NY. The organization was established in 2007. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2023, Salem Art Works Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Salem Art Works 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 09/2023, Salem Art Works Inc generated $550.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $534.5k during the year ending 09/2023. While expenses have increased by 1.6% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT BOTH EMERGING AND ESTABLISHED ARTISTS IN THE CREATION OF NEW AND PROGRESSIVE WORKS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION AND TRAINING OF SCULPTORS, ACTORS, WRITERS AND MUSICIANS AND TO PROVIDE AN ENVIRONMENT FOR SUCH TRAINING AND EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Cafritz Director | Trustee | 2 | $0 |
Bill Carris Board Member | Trustee | 40 | $0 |
Bill Graziano Director | Trustee | 2 | $0 |
Peter Lunberg Director | Trustee | 2 | $0 |
Aimee Majoros Chair | OfficerTrustee | 5 | $0 |
Dee Dee Potter Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $40,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $376,612 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $416,612 |
| Total Program Service Revenue | $126,602 |
| 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 | $7,461 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$449 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $550,226 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $196,479 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,184 |
| Payroll taxes | $28,511 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,985 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $47,442 |
| Advertising and promotion | $10,233 |
| Office expenses | $8,856 |
| Information technology | $8,196 |
| Royalties | $0 |
| Occupancy | $61,202 |
| Travel | $13,831 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,884 |
| Interest | $2,502 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,328 |
| Insurance | $9,924 |
| All other expenses | $2,394 |
| Total functional expenses | $534,528 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,941 |
| Savings and temporary cash investments | $0 |
| 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 | $1,500 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $164,923 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $177,364 |
| Accounts payable and accrued expenses | $0 |
| 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 | $24,453 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,918 |
| Total liabilities | $28,371 |
| Net assets without donor restrictions | $148,993 |
| 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 | $177,364 |