Newark Arts Council
- Assets
- $1.9m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 8
- Location
- Newark, NJ
- Founding
- 09/1985
- Data as of
- 06/2021
- EIN
- 22-2412819
Organization Overview
Newark Arts Council is located in Newark, NJ. The organization was established in 1985. According to its NTEE Classification (A26) the organization is classified as: Arts & Humanities Councils & Agencies, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Newark Arts Council employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Newark Arts Council 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 06/2021, Newark Arts Council generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.4% each year . All expenses for the organization totaled $2.4m during the year ending 06/2021. While expenses have increased by 20.8% 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.
Since 2016, Newark Arts Council has awarded 71 individual grants totaling $1,209,785. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
NEWARK ARTS' MISSION IS TO POWER THE ARTS TO TRANSFORM THE LIVES OF THOSE WHO LIVE IN, WORK IN, AND VISIT NEWARK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEWARK ARTS PROVIDES FISCAL SPONSORSHIP TO PROGRAMS IN ALIGNMENT WITH NEWARK ARTS' MISSION TO POWER THE ARTS. PASS-THROUGH GRANTS AMPLIFY THE ORGANIZATION'S IMPACT ON ARTISTS AND COMMUNITIES. KEY PROGRAMS INCLUDE THE CITY OF NEWARK'S CREATIVE CATALYST FUND, FOUR CORNERS PUBLIC ARTS, YENDOR ARTS AND NUMEROUS ENTITIES.
ARTS ED NEWARK, FORMERLY THE NEWARK ARTS EDUCATION ROUNDTABLE, WAS CREATED UNDER THE UMBRELLA OF NEWARK ARTS AS A STRATEGIC ALLIANCE OF 90+ EDUCATION STAKEHOLDERS, INCLUDING PUBLIC, CHARTER, AND PRIVATE SCHOOLS; ARTISTS; ARTS AND CULTURAL ORGANIZATIONS; YOUTH AND COMMUNITY DEVELOPMENT ENTITIES; BUSINESSES; FUNDERS; AND STATE AND LOCAL GOVERNMENT AGENCIES. AEN'S MISSION IS TO COLLABORATE TO ENSURE THAT ALL CHILDREN IN GRADES PRE-K THROUGH 12 IN THE CITY OF NEWARK HAVE EQUITABLE ACCESS TO HIGH QUALITY, SEQUENTIAL ARTS EDUCATION OPPORTUNITIES, BOTH IN AND OUT OF SCHOOL.
THE NEWARK ARTS FESTIVAL IS NEWARK'S BIGGEST FESTIVAL OF THE VISUAL ARTS AND OTHER ART FORMS. NAF 2019, ATTENDED BY 15,000, CELEBRATED NEWARK'S UNIQUE AND DIVERSE CONTRIBUTIONS TO AMERICAN ARTS AND CULTURE VIA 100+ NAF EXHIBITS AND 50 VENUES SHOWING WORK BY 500+ ARTISTS. IN 2020, NEWARK ARTS CREATED A VIRTUAL GALLERY IN THE IMAGE OF, AND CURATED IN PARTNERSHIP WITH, THE NEWARK MUSEUM OF ART THAT SHOWCASED 20 LOCAL ARTISTS. NAF 2020 ALSO FEATURED 150 ARTISTS WHO PRESENTED VIRTUALLY TO A GLOBAL AUDIENCE FOR THREE MONTHS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeremy Johnson Executive Director | Officer | 40 | $108,083 |
Regina Barboza Interim Executive Director | Officer | 40 | $109,609 |
Marcy S Depina President | OfficerTrustee | 2 | $0 |
Samer Hanini Vice President | OfficerTrustee | 2 | $0 |
Lyneir Richardson Treasurer | OfficerTrustee | 2 | $0 |
Nicole Whalen Assistant Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,528,572 |
| Investment income | $92 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,660,381 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $49,450 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $241,110 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $330,985 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $49,742 |
| Payroll taxes | $50,948 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $53,285 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $259,205 |
| Advertising and promotion | $12,873 |
| Office expenses | $27,387 |
| Information technology | $381 |
| Royalties | $0 |
| Occupancy | $35,600 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,807 |
| Interest | $6,687 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,307 |
| Insurance | $18,173 |
| All other expenses | $0 |
| Total functional expenses | $2,417,680 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $758,933 |
| Savings and temporary cash investments | $249,704 |
| Pledges and grants receivable | $895,651 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $29,072 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,400 |
| Total assets | $1,947,360 |
| Accounts payable and accrued expenses | $113,727 |
| Grants payable | $739,950 |
| Deferred revenue | $106,675 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $100,000 |
| Other liabilities | $0 |
| Total liabilities | $1,060,352 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $887,008 |
Grants Awarded
Over the last fiscal year, Newark Arts Council has awarded $447,260 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
CHANGING PERCEPTIONS THEATER LLC PURPOSE: SUMMER PLAN (AEN) GRANT | $7,000 |
BARAT FOUNDATION PURPOSE: C | $5,000 |
DONALD M PAYNE SR SCHOOL OF TECHNOLOGY PURPOSE: AEN VICTORIA GRANT | $30,000 |
INDEX ART CENTER PURPOSE: CREATIVE CATALYST FUND GRANT | $5,000 |
GALLERY AFERRO PURPOSE: CREATIVE CATALYST FUND GRANT | $11,500 |
LINCOLN PARK COAST CULTURAL DISTRICT PURPOSE: CREATIVE CATALYST FUND GRANT | $11,500 |