Master Drawings Association Inc
- Assets
- $1.4m
- Revenue
- $415.7k
- Investments
- $0.0
- Employees
- 2
- Location
- New York, NY
- Founding
- 02/1967
- Data as of
- 02/2022
- EIN
- 13-6213667
Organization Overview
Master Drawings Association Inc is located in New York, NY. The organization was established in 1967. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 02/2022, Master Drawings Association Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Master Drawings Association 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 02/2022, Master Drawings Association Inc generated $415.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $419.1k during the year ending 02/2022. While expenses have increased by 1.9% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTING AND ENCOURAGING INTEREST IN ARTISTIC WORK AND LITERATURE OF ART THROUGH QUARTERLY PUBLICATION OF A SCHOLARLY JOURNAL.
Describe the Organization's Program Activity:
PUBLICATION OF THE SCHOLARLY JOURNAL ON A QUARTERLY BASIS - "MASTER DRAWINGS" - ONE VOLUME WITH 4 ISSUES PUBLISHED ANNUALLY REACHING APPROXIMATELY 1100 SCHOLARS & SUBSCRIBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ms Elizabeth Eveillard Vice President | OfficerTrustee | 1 | $0 |
Mr Robert Loper Secretary | OfficerTrustee | 1 | $0 |
Mr George Frelinghuysen Treasurer | OfficerTrustee | 1 | $0 |
Mr George Abrams Vice President | OfficerTrustee | 1 | $0 |
Mr Clement C Moore II President | OfficerTrustee | 2 | $0 |
Ms Diane Nixon Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $179,613 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $179,613 |
| Total Program Service Revenue | $140,335 |
| Investment income | $60,248 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $35,553 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $415,749 |
| 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 | $77,639 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $25,401 |
| Payroll taxes | $6,791 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,525 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $92,683 |
| Advertising and promotion | $0 |
| Office expenses | $9,117 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,224 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $419,098 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $126,510 |
| Savings and temporary cash investments | $5,768 |
| Pledges and grants receivable | $52,910 |
| Accounts receivable, net | $27,290 |
| 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 | $15,654 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,199,384 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,427,516 |
| Accounts payable and accrued expenses | $30,784 |
| Grants payable | $0 |
| Deferred revenue | $110,682 |
| 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 | $33,625 |
| Total liabilities | $175,091 |
| Net assets without donor restrictions | -$66,991 |
| Net assets with donor restrictions | $1,319,416 |
| 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 | $1,427,516 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Master Drawings Association Inc has recieved totaling $12,500.
| Awarding Organization | Amount |
|---|---|
Deeds Foundation New York, NY PURPOSE: GENERAL SUPPORT | $12,500 |
Endowment Analysis
| Beg. Balance | $1,183,634 |
| Earnings | $54,902 |
| Admin Expense | $50,000 |
| Ending Balance | $1,188,536 |
Peer Organizations
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|---|---|---|
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Chevron Phillips Chemical Co Lp Health & Benefit Tr Veba Pittsburgh, PA | $15,880,618 | $77,964,861 |
Coordinated Behavioral Care Inc New York, NY | $25,699,878 | $79,934,258 |
Success Academy Charter Schools Inc New York, NY | $162,966,057 | $99,368,525 |
Inspirittec Inc Philadelphia, PA | $65,630,872 | $75,964,924 |
Baker Hall Lackawanna, NY | $43,415,308 | $53,649,609 |
Pennsylvania Virtual Charter School King Of Prussia, PA | $24,898,829 | $49,068,085 |
Tiegerman School Glen Cove, NY | $36,938,898 | $36,850,171 |
Proteus Fund Inc Amherst, MA | $47,115,132 | $46,264,432 |
Teach For All Inc New York, NY | $63,275,692 | $50,938,774 |
Pay It Forward Foundation Inc Pittsburgh, PA | $11,909,629 | $29,731,720 |
Lifesteps Inc Butler, PA | $25,871,848 | $32,536,752 |