Next Gallery Inc
- Assets
- $8.9k
- Revenue
- $70.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Lakewood, CO
- Founding
- Data as of
- 12/2022
- EIN
- 20-4452626
Organization Overview
Next Gallery Inc is located in Lakewood, CO. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Next Gallery 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, Next Gallery Inc generated $70.0k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 39.8% each year . All expenses for the organization totaled $61.7k during the year ending 12/2022. While expenses have increased by 30.7% per year over the past 3 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
AS A CO-OP ART GALLERY WE PROVIDE MEMBERSHIP AND GUEST ARTISTS A PROFESSIONAL VENUE TO DISPLAY AND SHOW THEIR WORK. WE SUPPORT AND PROMOTE LOCAL ARTISTS, FOSTER EXPRESSION, CREATE COMMUNITY, AND PROVIDE NETWEORKING FOR ARTISTS, APPRECIATORS AND THE LAKEWOOD COMMUNITY. WE HAVE NEW WORK ON DISPLAY, ON AVERAGE, EVERY THREE WEEKS. IN 2022 NEXT GALLERY HOSTED SHOWS WHICH FEATURED SOLO SHOWS AS WELL AS GROUP SHOWS. ATTENDANCE VARIES FROM 10S TO 100S EVERY WEEKEND.
NEXT GALLERY IS A MEMBER OF THE 40 WEST ARTS DISTRICT. 40 WEST IS A CREATIVE DISTRICT IN LAKEWOOD, CO MANAGED BY A NON-PROFIT, VOLUNTEER DRIVEN ORGANIZATION COMMITTED TO INSPRIRING CREATIVITY AND LOCAL PRIDE IN COMMUNITY. WE SUPPORT THEIR INITIATIVE BY CULTIVATING ARTISTIC ENGAGEMENT, PARTICIPATING IN COMMUNITY EVENTS AND ACTIVITIES. OUR MEMBERS SIT ON COMMUNITY BOARDS, ATTEND LOCAL COUNCILS, AND PARTICIPATE IN GALAS AND FUNDRAISERS TO BOOST COMMUNITY.
NEXT GALLERY PROVIDES OPPORTUNITIES FOR A PARTNERSHIP BETWEEN ARTISTS AND THE PUBLIC THROUGH DIRECT ENGAGEMENT WITH ORIGIANL WORKS OF ART.
GALLERY MEMBERS SHARE A VISION OF CONTINUED GROWTH IN THEIR OWN ACTIVITIES AND SUPPORTING FELLOW MEMBER IN THEIR ARTISTIC JOURNEY. WORKS IN ALL TYPES OF MEDIA AND MATERIALS ARE DISPLAYED TO BOTH ENCOURAGE AND INSPIRE ARTISTS WHILE EDUCATING THE PUBLIC ABOUT ARTISTIC EXPRESSION. MONTHLY GALLERY MEETINGS CONDUCT BUSINESS, PLAN EVENTS, AND SUPPORT CREATIVITY. MENTORSHIPS TO YOUNG ARTISTS HELP GROW THEIR PERSONAL CREATIVE EXPRESSION AND SHOWCASE IT IN A PROFESSIONAL ENVIRONMENT. MENTORED MEMBERS PARTICIPATED IN GROUP SHOWS AND CAN EVENTUALLY APPLY FOR FULL MEMBERSHIP. PERIODICALLY THERE ARE SCHOLARSHIP OPPORTUNITY FOR CO-OP MEMBERSHIP.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terra Marks Co-Director | 10 | $0 | |
Laura Mccracken Treasurer | 5 | $0 | |
Pam Ferris Co-Director | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,347 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $67,661 |
| Total Revenue | $70,008 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $18,594 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $119 |
| Other expenses | $7,204 |
| Total operating and administrative expenses | $61,685 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $61,685 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,889 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,889 |
| Accounts payable and accrued expenses | $433 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $433 |