Main Street Arts
- Assets
- $1.4m
- Revenue
- $71.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Saxtons River, VT
- Founding
- 08/1988
- Data as of
- 03/2022
- EIN
- 22-2888176
Organization Overview
Main Street Arts is located in Saxtons River, VT. The organization was established in 1988. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, 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. Main Street Arts 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 03/2022, Main Street Arts generated $71.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (28.4%) each year. All expenses for the organization totaled $81.8k during the year ending 03/2022. 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
MAIN STREET ARTS IS A CATALYST FOR ARTS AND COMMUNITY, FOSTERING CREATIVE EXPRESSION THROUGH ARTISTIC EXPERIENCES, ACCESSIBLE FOR ALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REGULAR PROGRAMMING AND SUPPORT FOR ARTS IN THE COMMUNITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Still President | OfficerTrustee | 0 | $0 |
Rick Cowan Vice President | OfficerTrustee | 0 | $0 |
Maryann Mcardle Secretary | OfficerTrustee | 0 | $0 |
Alan Fowler Treasurer | OfficerTrustee | 0 | $0 |
Kathln Bryar Director | Trustee | 0 | $0 |
Emmett Dunbar Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $25,010 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,200 |
| All other contributions, gifts, grants, and similar amounts not included above | $29,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $59,710 |
| Total Program Service Revenue | $12,111 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$196 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $71,625 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,262 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,034 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,157 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,534 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $42,761 |
| Insurance | $588 |
| All other expenses | $500 |
| Total functional expenses | $81,822 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $58,198 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,311,622 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,369,820 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $97,735 |
| Other liabilities | $2,928 |
| Total liabilities | $100,663 |
| Net assets without donor restrictions | $1,239,657 |
| Net assets with donor restrictions | $29,500 |
| 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 | $1,369,820 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Main Street Arts has recieved totaling $31,769.
| Awarding Organization | Amount |
|---|---|
Vermont Council On The Arts Inc Montpelier, VT PURPOSE: GENERAL PURPOSE | $31,700 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $69 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Joan Mitchell Foundation Inc New York, NY | $163,093,074 | $7,287,755 |
Pioneer Works Art Foundation Brooklyn, NY | $17,838,425 | $7,041,619 |
St Anns Warehouse Inc Brooklyn, NY | $32,618,208 | $8,833,127 |
One Club For Creativity Inc New York, NY | $23,237,696 | $9,988,732 |
Consensus Building Institute Inc Cambridge, MA | $9,333,296 | $7,559,086 |
Judd Foundation New York, NY | $82,389,087 | $7,883,436 |
Guild Hall Of East Hampton Inc East Hampton, NY | $35,896,554 | $17,394,413 |
City Lore Inc New York, NY | $1,966,661 | $4,516,520 |
Restart Factory Inc New York, NY | $6,049,280 | $3,828,840 |
Worcester Center For Performing Arts Inc Worcester, MA | $9,482,034 | $7,443,487 |
Norwalk Art Space Inc New York, NY | $124,938 | $3,539,843 |
Amant Foundation Usa Brooklyn, NY | $787,690 | $3,424,574 |