Decorative Arts Trust
- Assets
- $7.3m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 4
- Location
- Media, PA
- Founding
- 02/1978
- Data as of
- 12/2022
- EIN
- 23-2048668
Organization Overview
Decorative Arts Trust is located in Media, PA. The organization was established in 1978. According to its NTEE Classification (A03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Decorative Arts Trust employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Decorative Arts Trust 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, Decorative Arts Trust generated $3.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 24.2% each year . All expenses for the organization totaled $2.0m during the year ending 12/2022. While expenses have increased by 28.4% per year over the past 8 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE DECORATIVE ARTS TRUST, A NON-PROFIT ORGANIZATION, IS TO PROMOTE AND FOSTER THE APPRECIATION AND STUDY OF THE DECORATIVE ARTS. WE ACHIEVE OUR MISSION THROUGH: THE EXCHANGE OF INFORMATION THROUGH DOMESTIC AND INTERNATIONAL PROGRAMMING; COLLABORATIONS AND PARTNERSHIPS WITH MUSEUMS AND PRESERVATION ORGANIZATIONS; AND UNDERWRITING INTERNSHIPS, RESEARCH GRANTS, AND SCHOLARSHIPS FOR GRADUATE STUDENTS AND YOUNG PROFESSIONALS. TO SUPPORT OUR MISSION, THE TRUST OFFERS: SYMPOSIA, STUDY TRIPS ABROAD, AND OTHER EDUCATIONAL PROGRAMS; THE MAGAZINE OF THE DECORATIVE ARTS TRUST WITH ARTICLES ABOUT CURRENT EVENTS, EXHIBITIONS, BOOKS, AND NEW RESEARCH; GRANTS, SCHOLARSHIPS, LECTURES, AND INTERNSHIPS FOR GRADUATE STUDENTS AND YOUNG PROFESSIONALS THROUGH THE EMERGING SCHOLARS PROGRAM; FINANCIAL ASSISTANCE FOR RESEARCH, EXHIBITIONS, AND PUBLICATIONS THROUGH THE DEAN FAILEY FUND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESENTATION OF EDUCATIONAL PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Thurlow Executive Dir. | Trustee | 40 | $0 |
Sandra Ayres Member | Trustee | 1 | $0 |
Laura Beach Member | Trustee | 1 | $0 |
Mel Buchanan Member | Trustee | 1 | $0 |
Tara Cederholm Member | Trustee | 1 | $0 |
J Hornor Davis Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $25,155 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,164,585 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,189,740 |
| Total Program Service Revenue | $1,686,847 |
| Investment income | $419,287 |
| 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 | $3,295,874 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $260,241 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $26,222 |
| Compensation of current officers, directors, key employees. | $163,500 |
| Compensation of current officers, directors, key employees. | $42,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $202,121 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $31,324 |
| Payroll taxes | $27,583 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,448 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,729 |
| Office expenses | $8,336 |
| Information technology | $4,596 |
| Royalties | $0 |
| Occupancy | $15,683 |
| Travel | $29,843 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,053,349 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,276 |
| All other expenses | $13,049 |
| Total functional expenses | $1,959,627 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $344,003 |
| 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 | $0 |
| Investments—publicly traded securities | $6,985,478 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,300 |
| Total assets | $7,330,781 |
| Accounts payable and accrued expenses | $49,789 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $49,789 |
| Net assets without donor restrictions | $1,588,884 |
| Net assets with donor restrictions | $5,692,108 |
| 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 | $7,330,781 |