Arts & Business Council Of Greater Boston Inc
- Assets
- $4.4m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 3
- Location
- Boston, MA
- Founding
- 03/1993
- Data as of
- 06/2021
- EIN
- 22-3217131
Organization Overview
Arts & Business Council Of Greater Boston Inc is located in Boston, MA. The organization was established in 1993. According to its NTEE Classification (A90) the organization is classified as: Arts Services, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Arts & Business Council Of Greater Boston Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arts & Business Council Of Greater Boston Inc 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, Arts & Business Council Of Greater Boston Inc generated $1.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $986.9k during the year ending 06/2021. While expenses have increased by 11.2% per year over the past 6 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, Arts & Business Council Of Greater Boston Inc has awarded 21 individual grants totaling $1,003,016. 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
TO PROVIDE DIRECT LEGAL/BUSINESS SERVICES, EDUCATIONAL PROGRAMS, AND AFFORDABLE ARTS SPACES FOR ARTISTS AND ARTS/CULTURAL ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VARIETY OF LEGAL AND BUSINESS SERVICES FOR ARTISTS AND ARTS/CULTURAL ORGANIZATIONS, OFTEN PROVIDED PRO BONO. IN FY 2021 MORE THAN 450 ARTISTS BENEFITTED FROM THESE PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Grace ESQ Executive Director | Officer | 40 | $134,514 |
Sean Newth President | OfficerTrustee | 4 | $0 |
Marisa Murtagh ESQ Clerk | OfficerTrustee | 1.5 | $0 |
Jim Buza Treasurer | OfficerTrustee | 1.5 | $0 |
Pamela Jones Board Member | Trustee | 1 | $0 |
Alex Gavis Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $422,850 |
| All other contributions, gifts, grants, and similar amounts not included above | $953,240 |
| Noncash contributions included in lines 1a–1f | $62,875 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,376,090 |
| Total Program Service Revenue | $215,110 |
| Investment income | $4,374 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $49,123 |
| 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 | $1,647,322 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $478,766 |
| 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. | $151,975 |
| Compensation of current officers, directors, key employees. | $15,197 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $128,915 |
| Pension plan accruals and contributions | $4,874 |
| Other employee benefits | $0 |
| Payroll taxes | $21,559 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,413 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $83,874 |
| Advertising and promotion | $1,047 |
| Office expenses | $18,882 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $58,239 |
| Travel | $588 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,657 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,127 |
| All other expenses | $0 |
| Total functional expenses | $986,916 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $513,951 |
| Savings and temporary cash investments | $696,496 |
| Pledges and grants receivable | $317,946 |
| Accounts receivable, net | $70,397 |
| 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 | $4,621 |
| Net Land, buildings, and equipment | $2,739,369 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,000 |
| Total assets | $4,352,780 |
| Accounts payable and accrued expenses | $107,338 |
| Grants payable | $0 |
| Deferred revenue | $825 |
| 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 | $1,504,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $48,473 |
| Total liabilities | $1,660,636 |
| Net assets without donor restrictions | $2,183,591 |
| Net assets with donor restrictions | $508,553 |
| 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 | $4,352,780 |
Grants Awarded
Over the last fiscal year, Arts & Business Council Of Greater Boston Inc has awarded $467,042 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Arlington, MA PURPOSE: FISCAL SPONSORSHIP | $397,560 |
AREA CODE ART FAIR PURPOSE: FISCAL SPONSORSHIP | $30,654 |
Boston, MA PURPOSE: FISCAL SPONSORSHIP | $15,258 |
ART IN THE PARK WORCESTER PURPOSE: FISCAL SPONSORSHIP | $8,772 |
GUY MENDILOW ENSEMBLE PURPOSE: FISCAL SPONSORSHIP | $8,423 |
LESLEY UNIVERSITY MFA PROGRAM PURPOSE: FISCAL SPONSORSHIP | $6,375 |
Grants Recieved
Over the last fiscal year, we have identified 16 grants that Arts & Business Council Of Greater Boston Inc has recieved totaling $195,264.
| Awarding Organization | Amount |
|---|---|
The Emily Hall Tremaine Foundation Inc New Haven, CT PURPOSE: VISUAL ARTS - PROJECT/PROGRAM | $50,000 |
Yawkey Foundation Ii Dedham, MA PURPOSE: SKILLS BUILDING & EDUCATIONAL PROGRAMS TO STRENGTHEN NONPROFIT SECTOR | $25,000 |
Yawkey Foundation Ii Dedham, MA PURPOSE: SKILLS BUILDING & EDUCATIONAL PROGRAMS TO STRENGTHEN NONPROFIT SECTOR | $25,000 |
The Emily Hall Tremaine Foundation Inc New Haven, CT PURPOSE: VISUAL ARTS - PROJECT/PROGRAM | $15,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $12,750 |
New England Foundation For The Arts Inc Boston, MA PURPOSE: GENERAL OPERATING, CREATION AND/OR PRESENTING SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Robert Rauschenberg Foundation New York, NY | $498,786,006 | $26,542,072 |
Marian And Edward Macdowell Inc Peterborough, NH | $57,326,631 | $6,315,316 |
Corporation Of Yaddo Saratoga Springs, NY | $58,580,101 | $4,491,706 |
Emerson Umbrella Inc Concord, MA | $32,547,256 | $2,816,448 |
The Elizabeth Foundation For The Arts New York, NY | $6,747,925 | $1,576,303 |
Kaatsbaan International Dance Center Inc Tivoli, NY | $2,917,016 | $1,601,121 |
Jane And Jack Fitzpatrick Tr Stockbridge, MA | $16,214,471 | $1,247,768 |
Association For Promotion Of Jewish Secularism Valley Stream, NY | $1,073,582 | $1,051,769 |
Volunteer Lawyers For The Arts Inc New York, NY | $1,760,254 | $1,417,543 |
Arts & Business Council Of Greater Boston Inc Boston, MA | $4,352,780 | $1,647,322 |
Womens Studio Workshop Inc Rosendale, NY | $1,606,567 | $544,946 |
Smack Mellon Studios Inc Brooklyn, NY | $757,795 | $747,790 |