One Seventy One Cedar Inc
- Assets
- $5.1m
- Revenue
- $999.8k
- Investments
- $0.0
- Employees
- 46
- Location
- Corning, NY
- Founding
- 11/1969
- Data as of
- 08/2023
- EIN
- 16-0956814
Organization Overview
One Seventy One Cedar Inc is located in Corning, NY. The organization was established in 1969. 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 08/2023, One Seventy One Cedar Inc employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. One Seventy One Cedar 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 08/2023, One Seventy One Cedar Inc generated $999.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $1.1m during the year ending 08/2023. While expenses have increased by 4.1% 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
171 CEDAR ARTS CENTER ENRICHES THE COMMUNITY BY OFFERING EXCEPTIONAL ARTS INSTRUCTION, EXHIBITING TODAY'S ARTISTS, AND PRESENTING LIVE PERFORMANCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ONE SEVENTY ONE CEDAR, INC. (171) IS A MULTIDISCIPLINARY ARTS AND CULTURAL CENTER WHICH HAS BEEN COMMUNITY CENTERED FOR OVER FIFTY YEARS. IN 1968, 171 WAS ESTABLISHED BY A FORWARD THINKING GROUP OF COMMUNITY MEMBERS CONSISTING OF ARTS ADVOCATES, ARTISTS, & BUSINESS ENTREPRENEURS. AS WE WORK TO ACHIEVE OUR ARTISTIC AND CULTURAL VISION WE STAND READY TO PARTNER, AND COMMIT TO FULFILLING OUR ROLE IN THE COMMUNITY BY CLOSING ARTS EDUCATION GAPS THAT ARISE IN REGIONAL SCHOOL DISTRICTS, HUMAN SERVICE ORGANIZATIONS, AND THE GREATER ARTS AND CULTURAL COMMUNITY. 171 ENRICHES THE COMMUNITY THROUGH THE ARTS, BY OFFERING EXCELLENT ARTS INSTRUCTION WITH DYNAMIC TEACHING ARTISTS, PRESENTING EXHIBITIONS BY TODAY'S ARTISTS, AND HOSTING LIVE PERFORMANCES. WE WORK TO PROVIDE A MULTITUDE OF OPPORTUNITIES FOR SELF-EXPRESSION THROUGH PARTICIPATION IN THE ARTS, REGARDLESS OF GENDER, AGE, OR FINANCIAL SITUATION. THROUGH 171, WE STRIVE TO PROVIDE ARTISTICALLY DYNAMIC PROGRAMMING BY NURTURING AN INCLUSIVE ENVIRONMENT, AND FOSTERING COMMUNITY COLLABORATION. WE ARE PASSIONATE AND DEMONSTRATIVE ABOUT ART'S POWER AND POSSIBILITIES, AND COMMITTED TO EXCELLENCE IN ALL WE DO. WE ARE APPRECIATIVE AND CARING OF CLIENTS, FACULTY, ARTISTS, AND VOLUNTEERS, AND ARE DEDICATED TO HONEST, RESPONSIVE, AND RESPONSIBLE MANAGEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Xavier Lafosse President | OfficerTrustee | 1 | $0 |
James Truxon Vice President | OfficerTrustee | 1 | $0 |
Brad Lint Secretary | OfficerTrustee | 1 | $0 |
Tymon Daniels Treasurer | OfficerTrustee | 1 | $0 |
Laura Coleman Board Member | Trustee | 1 | $0 |
Madonna Cornelissen Immediate Past President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $76,386 |
| Related organizations | $0 |
| Government grants | $40,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $398,710 |
| Noncash contributions included in lines 1a–1f | $22 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $515,096 |
| Total Program Service Revenue | $435,181 |
| Investment income | $39,895 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $22,717 |
| Net Gain/Loss on Asset Sales | -$181 |
| Net Income from Fundraising Events | -$13,126 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $999,755 |
| 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. | $176,167 |
| Compensation of current officers, directors, key employees. | $100,411 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $355,890 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $38,149 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $46,924 |
| Advertising and promotion | $6,794 |
| Office expenses | $36,895 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $35,331 |
| Travel | $3,277 |
| 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 | $128,135 |
| Insurance | $45,647 |
| All other expenses | $19,715 |
| Total functional expenses | $1,064,318 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $273,767 |
| Savings and temporary cash investments | $34,653 |
| Pledges and grants receivable | $350,314 |
| Accounts receivable, net | $19,501 |
| 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 | $11,363 |
| Net Land, buildings, and equipment | $2,060,679 |
| Investments—publicly traded securities | $2,315,656 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,065,933 |
| Accounts payable and accrued expenses | $27,893 |
| Grants payable | $0 |
| Deferred revenue | $74,952 |
| 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 | $0 |
| Total liabilities | $102,845 |
| Net assets without donor restrictions | $2,739,393 |
| Net assets with donor restrictions | $2,223,695 |
| 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 | $5,065,933 |