Wayne Art Center
- Assets
- $5.6m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 17
- Location
- Wayne, PA
- Founding
- 10/1955
- Data as of
- 06/2021
- EIN
- 23-6392259
Organization Overview
Wayne Art Center is located in Wayne, PA. The organization was established in 1955. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Wayne Art Center employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wayne Art Center 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, Wayne Art Center generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $1.0m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (6.6%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE INSTRUCTION, EXHIBITIONS, AND PERFORMANCES IN THE FINE ARTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
ART CLASSES AND SUMMER CAMPS
ART CLASSES AND SUMMER CAMPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Campbell Executive Director | Officer | 50 | $135,465 |
Charles Brodhead Director | Trustee | 2 | $0 |
Patrick Burke Director | Trustee | 2 | $0 |
Robert Campbell Vice President | Trustee | 2 | $0 |
James Cobb President & Treasurer | Trustee | 2 | $0 |
Brian Daggett Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $221,700 |
| All other contributions, gifts, grants, and similar amounts not included above | $359,510 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $581,210 |
| Total Program Service Revenue | $648,265 |
| Investment income | $24,934 |
| 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 | $1,254,409 |
| 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. | $135,465 |
| Compensation of current officers, directors, key employees. | $40,639 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $138,790 |
| Pension plan accruals and contributions | $4,064 |
| Other employee benefits | $19,133 |
| Payroll taxes | $24,563 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,390 |
| Fees for services: Accounting | $40,411 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $18,925 |
| Fees for services: Other | $33,388 |
| Advertising and promotion | $0 |
| Office expenses | $25,198 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $109,479 |
| Travel | $2,631 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $38,360 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $130,339 |
| Insurance | $16,646 |
| All other expenses | $0 |
| Total functional expenses | $1,021,849 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $875,603 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $13,000 |
| Accounts receivable, net | $2,112 |
| 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 | $4,436 |
| Net Land, buildings, and equipment | $3,882,714 |
| Investments—publicly traded securities | $779,478 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,000 |
| Total assets | $5,567,343 |
| Accounts payable and accrued expenses | $108,568 |
| Grants payable | $0 |
| Deferred revenue | $167,413 |
| 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 | $210,612 |
| Unsecured mortgages and notes payable | $830,000 |
| Other liabilities | $0 |
| Total liabilities | $1,316,593 |
| Net assets without donor restrictions | $3,978,759 |
| Net assets with donor restrictions | $271,991 |
| 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 | $5,567,343 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Wayne Art Center has recieved totaling $9,200.
| Awarding Organization | Amount |
|---|---|
Margaret Evans Tuten Foundation Villanova, PA PURPOSE: ANNUAL DRIVE | $5,000 |
Broughton Foundation Drexel Hill, PA PURPOSE: UNRESTRICTED | $3,000 |
Nerney Family Foundation Wayne, PA PURPOSE: UNRESTRICTED CONTRIB TO CHARITY (COMMUNITY) | $1,200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Art Students League Of New York New York, NY | $112,886,191 | $14,274,262 |
Arts For Learning Maryland Inc Baltimore, MD | $6,641,105 | $9,137,823 |
Saul Steinberg Foundation New York, NY | $2,326,445 | $165,696 |
Studio In A School Association New York, NY | $26,491,871 | $6,228,421 |
Global Disciples Lancaster, PA | $4,481,434 | $6,431,035 |
Harlem School Of The Arts Inc New York, NY | $16,306,795 | $5,380,840 |
Dreamyard Project Inc Bronx, NY | $4,474,380 | $5,509,637 |
Grounds For Sculpture Inc Hamilton, NJ | $36,793,406 | $11,597,062 |
Powerhouse Arts Inc Brooklyn, NY | $187,718,007 | $2,438,930 |
American Academy Of Arts And Letters New York, NY | $101,076,393 | $10,417,737 |
The Arts Connection Inc New York, NY | $2,703,336 | $4,972,330 |
Alliance For Young Artists & Writers Inc New York, NY | $7,496,330 | $3,366,982 |