Tryon Painters And Sculptors Inc
- Assets
- $408.9k
- Revenue
- $137.4k
- Investments
- $0.0
- Employees
- 2
- Location
- Tryon, NC
- Founding
- 04/1971
- Data as of
- 12/2022
- 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 12/2022, 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 12/2022, Tryon Painters And Sculptors Inc generated $137.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $107.9k during the year ending 12/2022. While expenses have increased by 6.6% 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
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 - Line 4a
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.
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.
GENERAL OVERHEAD
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol Browning Treasurer | OfficerTrustee | 3 | $0 |
Denise Cwik Vice Preside | OfficerTrustee | 2 | $0 |
Nancy Holland President | OfficerTrustee | 3 | $0 |
Cornelia Scibetta Secretary | OfficerTrustee | 2 | $0 |
Lucy Brannon Member | Trustee | 1 | $0 |
Mary Lee Cantey Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $8,980 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,877 |
| Noncash contributions included in lines 1a–1f | $117 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,857 |
| Total Program Service Revenue | $91,911 |
| Investment income | $2,498 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $31,155 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $137,421 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $22,658 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,733 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,560 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,135 |
| Advertising and promotion | $6,442 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $578 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,586 |
| Insurance | $3,396 |
| All other expenses | $17,016 |
| Total functional expenses | $107,936 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100,196 |
| 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 | $204,569 |
| Investments—publicly traded securities | $104,156 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $408,921 |
| Accounts payable and accrued expenses | $5,790 |
| 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 | $5,790 |
| Net assets without donor restrictions | $395,358 |
| Net assets with donor restrictions | $7,773 |
| 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 | $408,921 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Tryon Painters And Sculptors Inc has recieved totaling $49,111.
| Awarding Organization | Amount |
|---|---|
Marjorie M & Lawrence R Bradley Endowment Fund Of Polk County N Ca Tryon, NC PURPOSE: SUSTAINABILITY | $35,000 |
Polk County Community Foundation Inc Tryon, NC PURPOSE: ART GALLERY AND CLASSES | $14,100 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $11 |
Endowment Analysis
| Beg. Balance | $107,576 |
| Earnings | $13,501 |
| Admin Expense | $614 |
| Other Expense | $3,300 |
| Ending Balance | $117,163 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arts & Science Council Charlotte Mecklenburg Inc Charlotte, NC | $42,519,495 | $11,600,726 |
Frist Art Museum Nashville, TN | $27,247,403 | $12,277,490 |
Professional Photographers Of America Inc Atlanta, GA | $48,960,545 | $12,325,076 |
Textile Rental Services Association Of America Inc Alexandria, VA | $12,660,390 | $5,781,606 |
Inda Association Of The Non Woven Fabrics Industry Cary, NC | $9,846,018 | $4,859,607 |
Andreas H Bechtler Arts Foundation Charlotte, NC | $39,434,021 | $2,461,495 |
Virginia Museum Of Contemporary Art Virginia Beach, VA | $2,164,198 | $3,254,466 |
Georgia Association Of Manufacturers Inc Atlanta, GA | $2,700,140 | $2,292,406 |
The Center For Craft Creativity & Design Inc Asheville, NC | $15,329,103 | $2,386,393 |
Forward Arts Foundation Inc Atlanta, GA | $5,240,641 | $1,648,904 |
Southern Highland Handicraft Guild Inc Asheville, NC | $7,206,278 | $2,199,830 |
Mccoll Center For Art & Innovation Charlotte, NC | $14,043,354 | $2,439,387 |