Tryon Painters And Sculptors Inc
- Assets
- $459.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Tryon, NC
- Founding
- 04/1971
- Data as of
- 12/2023
- EIN
- 23-7057270
Organization Overview
Tryon Painters And Sculptors Inc is located in Tryon, NC. The organization was established in 1971. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Tryon Painters And Sculptors Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tryon Painters And Sculptors 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 12/2023, Tryon Painters And Sculptors Inc generated $125.3k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $93.3k during the year ending 12/2023. While expenses have increased by 4.1% per year over the past 9 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE MEMBERS WITH OPPORTUNITIES AND RESOURCES FOR ARTISTIC GROWTH. TO ENGAGE THE GREATER FOOTHILLS COMMUNITY IN PROMOTING VISUAL ARTS.
Describe the Organization's Program Activity:
Part 3
GALLERY SHOWS: A MAJOR TOOL THAT TPS USES FOR FULLING ITS STATED FUNCTION IS TO HOLD SHOWS IN ITS GALLERY FOR ITS MEMBERS HAVE OPPORTUNITIES FOR MEMBERS (1) TO PRESENT THEIR WORK FOR THE PUBLIC VIEWING AND (2) POTENTIAL SALE. DURING 2022, SEVEN SHOWS WERE PRESENTED. ON OCCASION, NON- MEMBERS ARE INVITED TO ENTER WORKS. ALL SHOWS ARE CURATED WITH A THEME.
GENERAL OVERHEAD
GIFT SHOP: A SPECIAL SECTION IN THE GALLERY IS RESERVED FOR THE SALE OF SMALLER PIECES CREATED BY ITS MEMBERS FOR SALE. INVENTORY IS WELCOMED ONLY FROM MEMBERS AND IS ROTATED TO HAVE NEWLY CREATED PIECES IN INVENTORY.
WORKSHOPS AND CLASSES: ELEVEN CLASSES AND WORKSHOPS WERE PRESENTED FOR BOTH MEMBERS AND NON-MEMBERS INVITED TO PARTICIPATE. INSTRUCTORS ARE PAID A COMMISSION TO TEACH AND STUDENTS PAY A FEE TO ATTEND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol Browning Treasurer | 3 | $0 | |
Denise Cwik Vice President | 2 | $0 | |
Mary Lee Cantrey Member | 1 | $0 | |
Nancy Holland President | 3 | $0 | |
Cornelia Scibetta Secretary | 2 | $0 | |
Greg Wright Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,473 |
| Total Program Service Revenue | $80,059 |
| Membership dues | $11,335 |
| Investment income | $1,781 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $7,630 |
| Other Revenue | $29 |
| Total Revenue | $125,307 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $22,418 |
| Professional fees and other payments to independent contractors | $9,574 |
| Occupancy, rent, utilities, and maintenance | $7,244 |
| Printing, publications, postage, and shipping | $2,359 |
| Other expenses | $51,657 |
| Total expenses | $93,252 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $122,667 |
| Other assets | $0 |
| Total assets | $459,656 |
| Total liabilities | $8,245 |
| Net assets or fund balances | $451,411 |