Mid Atlantic Center For The Arts
- Assets
- $5.2m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 156
- Location
- Cape May, NJ
- Founding
- 04/1971
- Data as of
- 12/2022
- 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 12/2023, Mid-Atlantic Center For The Arts & Humanities employed 156 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 12/2022, Mid-Atlantic Center For The Arts & Humanities generated $4.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $3.6m during the year ending 12/2022. While expenses have increased by 1.4% per year over the past 7 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 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.
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.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Alessandrine Director/ceo | Officer | 50 | $124,353 |
Charles Kealy CFO | Officer | 50 | $69,771 |
Eliza Lotozo COO | Officer | 50 | $63,933 |
Mary Stewart Chief Outreach | Officer | 35 | $36,720 |
Tina Angstadt Trustee | Trustee | 0 | $0 |
Norris Clark 2nd Vice Presid | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $68,255 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $628,343 |
| All other contributions, gifts, grants, and similar amounts not included above | $272,589 |
| Noncash contributions included in lines 1a–1f | $21,958 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $969,187 |
| Total Program Service Revenue | $2,869,731 |
| Investment income | $55,719 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$43,136 |
| Net Income from Fundraising Events | $137,817 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $125,283 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,239,186 |
| 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. | $346,401 |
| Compensation of current officers, directors, key employees. | $86,600 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,295,418 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $204,218 |
| 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 | $44,413 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,852 |
| Travel | $29,090 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $16,789 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $247,901 |
| Insurance | $342,768 |
| All other expenses | $375,330 |
| Total functional expenses | $3,620,841 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,410,156 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $107,477 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $40,177 |
| Prepaid expenses and deferred charges | $89,409 |
| Net Land, buildings, and equipment | $1,744,923 |
| Investments—publicly traded securities | $1,850,314 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1 |
| Total assets | $5,242,457 |
| Accounts payable and accrued expenses | $203,774 |
| Grants payable | $0 |
| Deferred revenue | $61,607 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $8,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $558,218 |
| Total liabilities | $831,599 |
| Net assets without donor restrictions | $3,910,808 |
| Net assets with donor restrictions | $500,050 |
| 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 | $5,242,457 |