Saratoga Arts Inc
- Assets
- $775.0k
- Revenue
- $694.2k
- Investments
- $0.0
- Employees
- 20
- Location
- Saratoga Springs, NY
- Founding
- 08/1993
- Data as of
- 12/2023
- EIN
- 14-1632037
Organization Overview
Saratoga Arts Inc is located in Saratoga Springs, NY. The organization was established in 1993. 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, Saratoga Arts Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Saratoga Arts 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, Saratoga Arts Inc generated $694.2k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $742.0k during the year ending 12/2023. While expenses have increased by 3.0% per year over the past 4 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
TO ENRICH THE REGION BY ENSURING THAT THE ARTS ARE ACCESSIBLE TO ALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NYSCA REGRANT PROGRAM - A REGRANT PROGRAM OF NYSCA WHICH ADMINISTERS DECENTRALIZED FUNDS TO NON-PROFIT ORGANZIATIONS TO PROMOTE NEW AND INNOVATIVE ART EVENTS IN SARATOGA, FULTON AND MONTGOMERY COUNTIES.
GENERAL OPERATIONS RELATED TO PROVIDING ACCESSIBLE VIBRANT ARTS COMMUNITY
ART GALLERY - PROVIDES A GALLERY OF ROTATING ART FOR THE COMMUNITY TO OBSERVE. A PORTION OF ANY SALES GOES TO SARATOGA ARTS.
ART CLASSES - OFFERING A VARIETY OF ART CLASSES AND WORKSHOPS IN ALL MEDIA FOR CHILDREN AND ADULTS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allan Weatherwax President | OfficerTrustee | 0 | $0 |
Tamara Tepper Vice President | OfficerTrustee | 0 | $0 |
Harry Bucciferro Treasurer | OfficerTrustee | 0 | $0 |
Ian Berry Director | Trustee | 0 | $0 |
Amanda Debrule Director | Trustee | 0 | $0 |
Senia Fleming Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $466,315 |
| All other contributions, gifts, grants, and similar amounts not included above | $44,604 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $510,919 |
| Total Program Service Revenue | $126,937 |
| Investment income | $6,757 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $29,892 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $19,609 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $694,245 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $150,000 |
| 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 | $298,623 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $22,321 |
| Payroll taxes | $27,780 |
| Fees for services: Management | $18,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,393 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $328 |
| Office expenses | $10,283 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $38,840 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,562 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,797 |
| Insurance | $15,856 |
| All other expenses | $40,105 |
| Total functional expenses | $741,956 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,518 |
| Savings and temporary cash investments | $140,841 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,188 |
| 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 | $241,436 |
| Investments—publicly traded securities | $366,004 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $774,987 |
| Accounts payable and accrued expenses | $22,765 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $100,000 |
| Total liabilities | $122,765 |
| Net assets without donor restrictions | $395,789 |
| Net assets with donor restrictions | $256,433 |
| 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 | $774,987 |