Monmouth County Arts Council Inc
- Assets
- $1.1m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 7
- Location
- Red Bank, NJ
- Founding
- 07/1999
- Data as of
- 12/2022
- EIN
- 22-3642107
Organization Overview
Monmouth County Arts Council Inc is located in Red Bank, NJ. The organization was established in 1999. 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 12/2022, Monmouth County Arts Council Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Monmouth County Arts Council 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 12/2022, Monmouth County Arts Council Inc generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.2% each year . All expenses for the organization totaled $757.6k during the year ending 12/2022. While expenses have increased by 6.5% 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, Monmouth County Arts Council Inc has awarded 39 individual grants totaling $312,443. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
MONMOUTH COUNTY ARTS COUNCIL SUPPORTS ARTISTS AND ARTS GROUPS THROUGH NETWORKING, WORKSHOPS AND RESOURCES; THE MONMOUTH COUNTY TEEN ARTS FESTIVAL; LOCAL ARTS GRANT PROGRAM FOR ARTS GROUPS; AND BY PUBLICIZING ARTS PERFORMANCES & EXHIBITIONS IN EBLASTS AND ON OUR WEBSITE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MONMOUTH ARTS, THE LEADER OF THE MONMOUTH COUNTY ARTS COMMUNITY, WASFOUNDED IN 1971 AS A NONPROFIT AND SERVES AS THE OFFICIAL COUNTY ARTS AGENCY. MONMOUTH ARTS IS MADE UP OF ARTISTS, ARTS ORGANIZATIONS, CREATIVE BUSINESSES, AND SUPPORTERS OF THE ARTS. MONMOUTH ARTS' PROGRAMS AND THE GROUPS IT SUPPORTS SERVE MORE THAN 750,000 PEOPLE EACH YEAR AND BRING OVER 3,000 ARTS EVENTS TO MONMOUTH COUNTY. MONMOUTH ARTS SUPPORTS ARTISTS AND ARTS PROGRAMS THROUGH NETWORKING EVENTS, WORKSHOPS, AND OTHER RESOURCES: THE ARTHELPS LOCAL ARTS PROGRAM SUPPORTS SMALL ARTS GROUPS AND COMMUNITY ART THROUGH GRANTS; THE MONMOUTH TEEN ARTS FESTIVAL BRINGS 2,000 STUDENT ARTISTS TOGETHER WITH PROFESSIONAL ARTISTS; AND MONMOUTH ARTS' E-BLASTS, SOCIAL MEDIA, X-IT ARTZINE, AND WEBSITE PUBLICIZE THE WIDE RANGE OF ARTS PERFORMANCES AND EXHIBITIONS THAT CAN BE FOUND THROUGHOUT THIS CULTURALLY RICH COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelly Barratt Secretary | OfficerTrustee | 2 | $0 |
Perry Beneduce Presdient Elect | Trustee | 2 | $0 |
Luke Breslin Trustee | Trustee | 2 | $0 |
Christopher Curcia Trustee | Trustee | 2 | $0 |
Peder Hagberg Trustee | Trustee | 2 | $0 |
Michelle Knox Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $81,242 |
| Related organizations | $0 |
| Government grants | $1,084,067 |
| All other contributions, gifts, grants, and similar amounts not included above | $160,588 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,325,897 |
| Total Program Service Revenue | $49,954 |
| Investment income | $4,675 |
| 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 | $1,382,555 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $151,675 |
| 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. | $108,636 |
| Compensation of current officers, directors, key employees. | $22,814 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $311,351 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,596 |
| Payroll taxes | $36,361 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,988 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,450 |
| Advertising and promotion | $4,549 |
| Office expenses | $12,223 |
| Information technology | $14,257 |
| Royalties | $0 |
| Occupancy | $17,585 |
| Travel | $2,494 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $181 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,889 |
| Insurance | $4,445 |
| All other expenses | $0 |
| Total functional expenses | $757,601 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $241,618 |
| Savings and temporary cash investments | $141,038 |
| Pledges and grants receivable | $106,010 |
| 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 | $5,454 |
| Net Land, buildings, and equipment | $559,011 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $100 |
| Total assets | $1,053,231 |
| Accounts payable and accrued expenses | $20,152 |
| Grants payable | $25,982 |
| Deferred revenue | $89,928 |
| 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 | $75,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $211,062 |
| Net assets without donor restrictions | $828,169 |
| Net assets with donor restrictions | $14,000 |
| 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 | $1,053,231 |
Grants Awarded
Over the last fiscal year, Monmouth County Arts Council Inc has awarded $75,600 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
PHOENIX PRODUCTIONS PURPOSE: OPERATIONS | $7,600 |
MONMOUTH CIVIC CHORUS PURPOSE: OPERATIONS | $8,000 |
JAZZ ARTS PROJECT PURPOSE: OPERATIONS | $13,250 |
ASBURY PARK ARTS COUNCIL PURPOSE: OPERATIONS | $6,000 |
ATLANTIC HIGHLANDS ART COUNCIL PURPOSE: OPERATIONS | $7,500 |
GUILD OF CREATIVE ART PURPOSE: OPERATIONS | $6,000 |