Mid Atlantic Center For The Arts
- Assets
- $3.7m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 145
- Location
- Cape May, NJ
- Founding
- 04/1971
- Data as of
- 12/2020
- EIN
- 22-1923415
Organization Overview
Mid Atlantic Center For The Arts, operating under the name Mid-Atlantic Center For The Arts & Humanities, is located in Cape May, NJ. The organization was established in 1971. According to its NTEE Classification (A61) the organization is classified as: Performing Arts Centers, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Mid-Atlantic Center For The Arts & Humanities employed 145 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mid-Atlantic Center For The Arts & Humanities 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 12/2020, Mid-Atlantic Center For The Arts & Humanities generated $2.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.6%) each year. All expenses for the organization totaled $2.5m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (5.0%) per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE PRESERVATION, INTERPRETATION AND CULTURAL ENRICHMENT OF THE CAPE MAY REGION FOR ITS RESIDENTS AND VISTORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TOURS-TO FURTHER THE PUBLIC'S APPRECIATION AND INTEREST IN THE HISTORIC, ARCHITECTURAL AND ECOLOGICAL BACKGROUND OF THE CAPE MAY AREA.
SPECIAL PROJECTS AND EVENTS-TO FURTHER THE PUBLIC INTEREST AND APPRECIATION IN THE HISTORIC, ARCHITECTURAL, AND ECOLOGICAL BACKGROUND OF CAPE MAY AREA THROUGH THE PROMOTION OF SPECIAL PROJECTS AND EVENTS.
PERFORMING ARTS- TO FURTHER THE PERFORMING ARTS IN GREATER CAPE MAY THROUGH PRESENTING PERFORMANCES, CONDUCTING EDUCATION OUTREACH, AND PROVIDING SUPPORT SERVICES TO OTHER ART AND CULTURAL ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Alessandrine Trustee | Officer | 50 | $111,197 |
Melissa Payne COO | Officer | 50 | $86,472 |
Charles Kealy CFO | Officer | 50 | $71,777 |
Eliza Lotozo Mgmt & Budget | Officer | 50 | $62,145 |
Mary Stewart Chief Outreach | Officer | 35 | $27,470 |
Mary Mckenney 1st VP | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $53,250 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $370,390 |
| All other contributions, gifts, grants, and similar amounts not included above | $455,531 |
| Noncash contributions included in lines 1a–1f | $7,261 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $879,171 |
| Total Program Service Revenue | $877,530 |
| Investment income | $48,929 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $37,266 |
| Net Income from Fundraising Events | $19,227 |
| Net Income from Gaming Activities | $5,868 |
| Net Income from Sales of Inventory | $80,722 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,046,096 |
| 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. | $240,944 |
| Compensation of current officers, directors, key employees. | $38,551 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $870,650 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $124,829 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $32,607 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,139 |
| Travel | $9,601 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $19,342 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $220,202 |
| Insurance | $333,262 |
| All other expenses | $242,982 |
| Total functional expenses | $2,468,707 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $595,444 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $12,000 |
| Accounts receivable, net | $47,294 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $29,721 |
| Prepaid expenses and deferred charges | $26,478 |
| Net Land, buildings, and equipment | $2,424,139 |
| Investments—publicly traded securities | $545,016 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,200 |
| Total assets | $3,681,292 |
| Accounts payable and accrued expenses | $168,458 |
| Grants payable | $0 |
| Deferred revenue | $54,502 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $25,000 |
| Secured mortgages and notes payable | $88,266 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $590,216 |
| Total liabilities | $926,442 |
| Net assets without donor restrictions | $2,414,901 |
| Net assets with donor restrictions | $339,949 |
| 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 | $3,681,292 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Mid Atlantic Center For The Arts has recieved totaling $42,860.
| Awarding Organization | Amount |
|---|---|
Princeton Area Community Foundation Inc Lawrenceville, NJ PURPOSE: New Jersey Arts and Culture Recovery Fund Grant Ap | $22,500 |
David R & Patricia D Atkinson Foundation Princeton, NJ PURPOSE: GENERAL | $15,000 |
Oceanfirst Foundation Toms River, NJ PURPOSE: GENERAL OPERATING/FLEXIBLE SUPPORT GRANT | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $360 |
Endowment Analysis
| Beg. Balance | $561,760 |
| Earnings | $49,554 |
| Net Contributions | $129,741 |
| Other Expense | $25,229 |
| Ending Balance | $715,826 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mann Center For The Performing Arts Philadelphia, PA | $32,818,014 | $23,395,696 |
Mccarter Theatre Company Princeton, NJ | $28,336,036 | $11,621,825 |
Count Basie Theatre Inc Red Bank, NJ | $61,930,466 | $14,783,970 |
Rochester Broadway Theatre League Inc Rochester, NY | $14,097,725 | $11,757,109 |
Arts Center And Theater Of Schenectady Inc Schenectady, NY | $59,537,808 | $17,534,824 |
Saratoga Springs Performing Arts Center Inc Saratoga Springs, NY | $31,890,328 | $10,810,263 |
Strand-Capitol Performing Arts Center Inc York, PA | $13,276,794 | $10,332,110 |
Symphony Space Inc New York, NY | $23,080,716 | $5,038,783 |
State Theatre Center For The Arts Inc Easton, PA | $9,301,794 | $4,832,518 |
Sheas Oconnel Preservation Guild Ltd Buffalo, NY | $23,711,846 | $2,193,834 |
Palace Performing Arts Center Inc Albany, NY | $7,859,988 | $5,301,344 |
Whitaker Center For Science And The Arts Harrisburg, PA | $29,354,486 | $3,497,396 |