Cafe Lena Inc
- Assets
- $2.4m
- Revenue
- $1.5m
- Investments
- $498.5k
- Employees
- 14
- Location
- Saratoga Springs, NY
- Founding
- 05/1991
- Data as of
- 12/2021
- EIN
- 14-1726194
Organization Overview
Cafe Lena Inc is located in Saratoga Springs, NY. The organization was established in 1991. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Cafe Lena Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cafe Lena 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 12/2021, Cafe Lena Inc generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 22.1% each year . All expenses for the organization totaled $1.0m during the year ending 12/2021. While expenses have increased by 20.3% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND EDUCATE THE GENERAL PUBLIC ON CURRENT AND HISTORICAL FOLK MUSIC.
Describe the Organization's Program Activity:
PERFORMANCES BY ASPIRING AND ESTABLISHED ARTISTS TO PROMOTE THE ONGOING EDUCATION AND PRESERVATION OF FOLK MUSIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Craig Executive Director-Non-Voting | Officer | 40 | $69,675 |
Joseph Jencks Director | Trustee | 1 | $1,794 |
Eric Gordon Secretary | OfficerTrustee | 3 | $0 |
Peter R Martin Treasurer | OfficerTrustee | 3 | $0 |
Kira Favro Chairperson | OfficerTrustee | 4 | $0 |
Pam Abrams Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $118,735 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $357,776 |
| All other contributions, gifts, grants, and similar amounts not included above | $529,871 |
| Noncash contributions included in lines 1a–1f | $1,275 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,006,382 |
| Total Program Service Revenue | $447,056 |
| Investment income | $19 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,535 |
| Net Gain/Loss on Asset Sales | $1,267 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $2,060 |
| Net Income from Sales of Inventory | $2,085 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,501,836 |
| 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. | $316,234 |
| Compensation of current officers, directors, key employees. | $84,855 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $4,432 |
| Other employee benefits | $21,802 |
| Payroll taxes | $29,164 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,050 |
| Fees for services: Accounting | $7,275 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $209,270 |
| Advertising and promotion | $55,915 |
| Office expenses | $5,792 |
| Information technology | $0 |
| Royalties | $3,074 |
| Occupancy | $62,063 |
| Travel | $5,390 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,053 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $68,001 |
| Insurance | $1,133 |
| All other expenses | $69,923 |
| Total functional expenses | $1,010,963 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $663,932 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,783 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $16,435 |
| Prepaid expenses and deferred charges | $47,781 |
| Net Land, buildings, and equipment | $1,165,339 |
| Investments—publicly traded securities | $1,823 |
| Investments—other securities | $498,461 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,000 |
| Total assets | $2,406,554 |
| Accounts payable and accrued expenses | $28,379 |
| 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 | $147,737 |
| Unsecured mortgages and notes payable | $74,295 |
| Other liabilities | $10,888 |
| Total liabilities | $261,299 |
| Net assets without donor restrictions | $1,849,302 |
| Net assets with donor restrictions | $295,953 |
| 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 | $2,406,554 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Cafe Lena Inc has recieved totaling $87,954.
| Awarding Organization | Amount |
|---|---|
Helen Benham Foundation New York, NY PURPOSE: CHARITABLE | $25,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $17,000 |
The Community Foundation For The Greater Capital Region Inc Albany, NY PURPOSE: FOR UNRESTRICTED USE | $10,000 |
J M Mcdonald Foundation Inc Wilmington, DE PURPOSE: Q2 2021 LIVESTREAM SHOW SPONSOR FUND | $10,000 |
Ayco Charitable Foundation Cohoes, NY PURPOSE: ARTS AND CULTURE | $7,250 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $6,911 |
Endowment Analysis
| Earnings | $6,535 |
| Net Contributions | $300,000 |
| Ending Balance | $306,535 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dia Center For The Arts Inc New York, NY | $215,209,262 | $19,693,933 |
Munson-Williams-Proctor Arts Institute Utica, NY | $139,434,457 | $25,944,561 |
Bethel Woods Center For The Arts Inc Liberty, NY | $30,099,296 | $24,809,456 |
Artsquest Bethlehem, PA | $46,615,180 | $27,430,533 |
Lincoln Park Performing Arts Center Midland, PA | $37,610,958 | $11,880,429 |
Joan Mitchell Foundation Inc New York, NY | $163,093,074 | $7,287,755 |
African American Cultural Center Pittsburgh, PA | $15,275,830 | $8,128,417 |
Pioneer Works Art Foundation Brooklyn, NY | $17,838,425 | $7,041,619 |
St Anns Warehouse Inc Brooklyn, NY | $32,618,208 | $8,833,127 |
Mount Carmel Guild Education Newark, NJ | $2,668,838 | $6,215,422 |
One Club For Creativity Inc New York, NY | $23,237,696 | $9,988,732 |
Consensus Building Institute Inc Cambridge, MA | $9,333,296 | $7,559,086 |