Wayne Art Center
- Assets
- $5.8m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Wayne, PA
- Founding
- 10/1955
- Data as of
- 06/2022
- 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. 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 06/2022, Wayne Art Center generated $2.1m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $1.9m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE INSTRUCTION, EXHIBITIONS, AND PERFORMANCES IN THE FINE ARTS
Describe the Organization's Program Activity:
ART CLASSES AND SUMMER CAMPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Brodhead Director | Trustee | 2 | $0 |
Barbara Berry Director | Trustee | 2 | $0 |
Patrick Burke Director | Trustee | 2 | $0 |
Nancy Campbell Executive Director | Officer | 50 | $161,457 |
Robert Campbell Director | Trustee | 2 | $0 |
James Cobb President | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $36,671 |
| All other contributions, gifts, grants, and similar amounts not included above | $340,361 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $377,032 |
| Total Program Service Revenue | $1,706,506 |
| Investment income | $30,439 |
| 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 | $2,113,977 |
| 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. | $161,457 |
| Compensation of current officers, directors, key employees. | $48,437 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $282,198 |
| Pension plan accruals and contributions | $4,869 |
| Other employee benefits | $39,045 |
| Payroll taxes | $33,388 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $535 |
| Fees for services: Accounting | $57,229 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $13,275 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $57,334 |
| Advertising and promotion | $0 |
| Office expenses | $22,990 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $190,268 |
| Travel | $8,668 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $36,133 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $124,952 |
| Insurance | $23,586 |
| All other expenses | $0 |
| Total functional expenses | $1,874,610 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $763,608 |
| Savings and temporary cash investments | $450,681 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,038 |
| 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 | $5,313 |
| Net Land, buildings, and equipment | $3,875,612 |
| Investments—publicly traded securities | $667,305 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,000 |
| Total assets | $5,775,557 |
| Accounts payable and accrued expenses | $200,172 |
| Grants payable | $0 |
| Deferred revenue | $271,189 |
| 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 | $205,798 |
| Unsecured mortgages and notes payable | $750,000 |
| Other liabilities | $0 |
| Total liabilities | $1,427,159 |
| Net assets without donor restrictions | $4,184,992 |
| Net assets with donor restrictions | $163,406 |
| 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 | $5,775,557 |