Morro Bay Art Association
- Assets
- $281.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Morro Bay, CA
- Founding
- 04/1986
- Data as of
- 12/2022
- EIN
- 23-7136223
Organization Overview
Morro Bay Art Association is located in Morro Bay, CA. The organization was established in 1986. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Morro Bay Art Association 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, Morro Bay Art Association generated $171.5k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $132.1k during the year ending 12/2022. While expenses have increased by 6.1% 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Newton President | 24 | $0 | |
Janet Hillson Secretary | 5 | $0 | |
Kathleen Heil Treasurer | 20 | $0 | |
Mary Stablein Past Treasurer | 5 | $0 | |
Shannon Larson Director | 5 | $0 | |
Angie Young Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,584 |
| Total Program Service Revenue | $127,429 |
| Membership dues | $15,996 |
| Investment income | $2,225 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $1,869 |
| Other Revenue | $9,365 |
| Total Revenue | $171,468 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $17,507 |
| Occupancy, rent, utilities, and maintenance | $14,757 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $98,103 |
| Total expenses | $132,117 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $228,027 |
| Other assets | $0 |
| Total assets | $281,534 |
| Total liabilities | $9,803 |
| Net assets or fund balances | $271,731 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Morro Bay Art Association has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Academy Of Recording Arts & Sciences Inc Santa Monica, CA | $144,766,278 | $73,681,549 |
Motion Picture Association Inc Sherman Oaks, CA | $108,255,897 | $67,676,468 |
Corporation Of The Fine Arts Museums San Francisco, CA | $25,314,782 | $33,204,233 |
Academy Of Television Arts & Sciences North Hollywood, CA | $47,799,821 | $32,981,149 |
National Association Of Music Merchants Inc Carlsbad, CA | $38,472,951 | $7,155,207 |
Alliance Of Motion Picture And Television Producers Sherman Oaks, CA | $33,962,250 | $11,765,275 |
Independent Film & Television Alliance Los Angeles, CA | $7,047,401 | $9,016,893 |
Academy Of Country Music Burbank, CA | $15,432,642 | $15,266,512 |
California Cable & Telecommunications Sacramento, CA | $2,703,069 | $3,132,593 |
National Association Of Television Program Executives Inc Studio City, CA | $2,616,816 | $974,629 |
Peter Britt Gardens Music And Arts Festival Association Medford, OR | $10,872,514 | $3,945,941 |
Printing Industries Association Inc Los Angeles, CA | $16,013,664 | $1,627,597 |