The Niagara Arts & Cultural Center Inc
- Assets
- $1.6m
- Revenue
- $456.8k
- Investments
- $0.0
- Employees
- 17
- Location
- Niagara Falls, NY
- Founding
- 08/2001
- Data as of
- 12/2022
- EIN
- 14-1828590
Organization Overview
The Niagara Arts & Cultural Center Inc is located in Niagara Falls, NY. The organization was established in 2001. 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 12/2022, Niagara Arts & Cultural Center Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Niagara Arts & Cultural Center 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, Niagara Arts & Cultural Center Inc generated $456.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $583.7k during the year ending 12/2022. While expenses have increased by 7.4% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROTECT THE LANDMARK BUILDING, PRESERVE CULTURAL HERITAGE, AND PROMOTE ARTS AND CULTURAL EXPERIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NIAGARA ARTS AND CULTURAL CENTER, INC. PROVIDES FOR AN ARTS, CULTURAL AND COMMUNITY LEARNING CENTER IN NIAGARA FALLS, NEW YORK. THE MULTI-FACETED MISSION OF THE CENTER INCLUDES: OFFERING ON-GOING ARTS AND CULTURAL EDUCATION IN THE COMMUNITY; SERVING AS A VIABLE CULTURAL TOURIST DESTINATION; PRESERVATION AND UTILIZATION OF OUR HISTORIC, LANDMARK BUILDING; PROVIDING AFFORDABLE STUDIO AND OFFICE SPACE TO AREA ARTISTS AND ART GROUPS; MAKING A WIDE VARIETY OF ARTISTIC AND CULTURAL PRESENTATIONS ACCESSIBLE TO THE COMMUNITY; AND, SERVING AS A GATHERING PLACE FOR COMMUNITY EVENTS AND GROUPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Fuss PHD Executive Director | 40 | $42,692 | |
Mary Ricciardi President | OfficerTrustee | 5 | $0 |
Rosemary Conte Vice President | OfficerTrustee | 3 | $0 |
Deborah Cutler Treasurer | OfficerTrustee | 3 | $0 |
Jennifer Mundy Secretary | OfficerTrustee | 3 | $0 |
Patricia Frederick Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $60,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $185,342 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $245,342 |
| Total Program Service Revenue | $236,565 |
| Investment income | $25 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$25,154 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $456,778 |
| 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. | $42,692 |
| Compensation of current officers, directors, key employees. | $10,673 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $203,641 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,142 |
| Payroll taxes | $21,687 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,802 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,501 |
| Office expenses | $14,070 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $132,027 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $983 |
| Interest | $2,521 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $59,132 |
| Insurance | $6,545 |
| All other expenses | $21,700 |
| Total functional expenses | $583,745 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $109,494 |
| Savings and temporary cash investments | $125,310 |
| Pledges and grants receivable | $101,500 |
| Accounts receivable, net | $10,053 |
| 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 | $1,647 |
| Net Land, buildings, and equipment | $1,294,535 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,642,539 |
| Accounts payable and accrued expenses | $117,837 |
| Grants payable | $0 |
| Deferred revenue | $307,410 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $20,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $35,000 |
| Other liabilities | $820 |
| Total liabilities | $481,067 |
| Net assets without donor restrictions | $1,003,878 |
| Net assets with donor restrictions | $157,594 |
| 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 | $1,642,539 |