Next Gallery Inc
- Assets
- $11.5k
- Revenue
- $35.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Lakewood, CO
- Founding
- Data as of
- 12/2021
- 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 12/2021, Next Gallery Inc generated $35.2k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 17.3% each year . All expenses for the organization totaled $33.9k during the year ending 12/2021. While expenses have increased by 10.8% per year over the past 2 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
2021
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 NETWORKING FOR ARTISTS APPRECIATORS AND THE LAKEWOOD COMMUNITY. WE HAVE NEW WORK ON DISPLAY ON AVERAGE EVERY THREE WEEKS. IN 2021 NEXT GALLERY HOSTED 39 DIFFERENT SHOWS. THESE SHOWS FEATURED 26 SOLO SHOWS 12 GROUP SHOWS INCLUDING TWO INVITATIONAL SHOWS OPEN TO THE PUBLIC AND ONE SHOW FEATURING MIDDLE SCHOOL SPECIAL NEEDS STUDENT ARTWORK AND A SOLO SHOW FROM A GUEST ARTIST. ATTENDANCE VARIES FROM 10S TO 100S EVERY WEEKEND. ANNUAL RENT & UTILITIES INSURANCE.
NEXT GALLERY IS A MEMBER OF THE 40 WEST ARTS DISTRICT. 40 WEST IS A CREATIVE DISTRICT IN LAKEWOOD CO MANAGED BY AN NON-PROFIT ALSO A VOLUNTEER-DRIVEN ORGANIZATION WITH A COMMITMENT TO INSPIRING CREATIVITY AND LOCAL PRIDE IN COMMUNITY. WE SUPPORT THEIR INITIATIVE BY PARTICIPATING IN CULTIVATING ARTISTIC ENGAGEMENT AND COMMUNITY EVENTS AND ACTIVITIES. THESE EVENTS INCLUDE FIRST FRIDAYS THE 40 WEST ART LINE COLFAX ART FEST MURAL FEST PUBLIC ART AND MAKE AND TAKES AS PART OF ART CRAWLS. OUR MEMBERS SIT ON COMMUNITY BOARDS ATTEND LOCAL COUNCILS AND PARTICIPATE IN GALAS AND FUNDRAISERS TO BOOST COMMUNITY. OPENING EVENT EXPENSES AND WEBSITE.
NEXT PROVIDES OPPORTUNITIES FOR A PARTNERSHIP BETWEEN ARTISTS AND THE PUBLIC THROUGH DIRECT ENGAGEMENT WITH ORIGINAL WORKS OF ART. NEXT HOSTED TWO INVITATIONAL SHOWS OPEN TO THE PUBLIC. PROMOTIONAL MATERIALS.
OUR GALLERY MEMBERS SHARE A VISION OF PURSUING CONTINUED GROWTH IN THEIR OWN WORK AND SUPPORTING FELLOW MEMBERS IN THEIR ARTISTIC JOURNEY. WORKS IN ALL TYPES OF MEDIA AND MATERIALS ARE DISPLAYED TO BOTH ENCOURAGE INSPIRATION TO FELLOW ARTISTS AND EDUCATE THE PUBLIC ABOUT ARTISTIC EXPRESSION. OUR GALLERY MEET MONTHLY TO CONDUCT BUSINESS AFFAIRS PLAN FUTURE EVENTS AND SUPPORT EACH OTHER CREATIVELY. NEXT OFFERS MENTORSHIP MEMBERSHIP TO YOUNG ARTISTS THAT DESIRE TO LEARN MORE ABOUT SHOWING IN A PROFESSIONAL ENVIRONMENT AND GROWING THEIR PERSONAL EXPRESSION. MENTORSHIP MEMBERSHIP IS GIVEN A REDUCED RATE AND PAIRED WITH AN EXPERIENCED MEMBER. MENTORED MEMBERS PARTICIPATE IN GROUP SHOWS AND EVENTUALLY APPLY FOR FULL MEMBERSHIP. EVERY FEW YEARS NEXT OFFERS A SCHOLARSHIP OPPORTUNITY FOR MEMBERSHIP. OFFICE MAINTENANCE AND GALLERY REPAIRS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Mccracken Treasurer | 5 | $0 | |
Josh Davy Director | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $779 |
| 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 | $10,623 |
| Other Income | $23,845 |
| Total Revenue | $35,247 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,706 |
| Depreciation | $0 |
| Occupancy | $25,295 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $108 |
| Other expenses | $4,665 |
| Total operating and administrative expenses | $33,904 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $33,904 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,547 |
| 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 | $11,547 |
| Accounts payable and accrued expenses | $6,244 |
| 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 | $6,244 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Phoenix Painting Industry Trust Fund Phoenix, AZ | $8,745,449 | $4,690,569 |
Redline Denver, CO | $19,188,382 | $2,483,556 |
National Council On Education For The Ceramic Arts Boulder, CO | $3,277,590 | $1,203,112 |
Cherry Creek Arts Festival Denver, CO | $2,617,133 | $1,539,850 |
Art Association Of Jackson Hole Jackson, WY | $1,265,273 | $1,643,063 |
Foothills Art Center Inc Golden, CO | $2,162,133 | $1,395,944 |
Studio Arts Boulder Inc Boulder, CO | $3,831,022 | $2,254,756 |
Craft Lake City Salt Lake City, UT | $319,746 | $884,315 |
The Art Base Basalt, CO | $2,805,955 | $1,249,612 |
Turrell Art Foundation Flagstaff, AZ | $84,539,675 | $27,051,414 |
Lux Center For The Arts Lincoln, NE | $2,353,211 | $746,199 |
Downtown Aurora Visual Arts Aurora, CO | $2,225,877 | $774,018 |