Morris County Art Association
- Assets
- $48.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Morristown, NJ
- Founding
- 06/1982
- Data as of
- 05/2022
- EIN
- 22-2403677
Organization Overview
Morris County Art Association is located in Morristown, NJ. The organization was established in 1982. According to its NTEE Classification (A25) the organization is classified as: Arts Education, 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. Morris County Art Association 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 05/2022, Morris County Art Association generated $53.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $49.7k during the year ending 05/2022. 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
TO PROVIDE ART CLASSES FOR ADULTS AND CHILDREN AT VERY REASONABLE RATES TO BENEFIT THE LOCAL COMMUNITY AND TO ENRICH APPRECIATION FOR THE FINE ARTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ida Mcmanus Treasurer | 2 | $0 | |
Richard Tracy Director | 1 | $0 | |
Michael Shacham Vice Preside | 2 | $0 | |
Victoria Starger President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $47,343 |
| Membership dues | $6,250 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $53,593 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $7,302 |
| Professional fees and other payments to independent contractors | $3,300 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $245 |
| Other expenses | $38,877 |
| Total expenses | $49,724 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $26,534 |
| Other assets | $0 |
| Total assets | $48,149 |
| Total liabilities | $9,699 |
| Net assets or fund balances | $38,450 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Saul Steinberg Foundation New York, NY | $2,326,445 | $165,696 |
Studio In A School Association New York, NY | $26,491,871 | $6,228,421 |
Global Disciples Lancaster, PA | $4,481,434 | $6,431,035 |
Harlem School Of The Arts Inc New York, NY | $16,306,795 | $5,380,840 |
Dreamyard Project Inc Bronx, NY | $4,474,380 | $5,509,637 |
Grounds For Sculpture Inc Hamilton, NJ | $36,793,406 | $11,597,062 |
Powerhouse Arts Inc Brooklyn, NY | $187,718,007 | $2,438,930 |
American Academy Of Arts And Letters New York, NY | $101,076,393 | $10,417,737 |
The Arts Connection Inc New York, NY | $2,703,336 | $4,972,330 |
Alliance For Young Artists & Writers Inc New York, NY | $7,496,330 | $3,366,982 |
Marquis Studios Ltd Brooklyn, NY | $2,435,475 | $3,259,805 |
Skowhegan School Of Painting And Sculpture Inc New York, NY | $36,819,916 | $5,437,614 |