Spencertown Academy Society
- Assets
- $1.1m
- Revenue
- $259.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Spencertown, NY
- Founding
- 06/1972
- Data as of
- 12/2023
- EIN
- 23-7208879
Organization Overview
Spencertown Academy Society is located in Spencertown, NY. The organization was established in 1972. According to its NTEE Classification (A61) the organization is classified as: Performing Arts Centers, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Spencertown Academy Society employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spencertown Academy Society 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, Spencertown Academy Society generated $259.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $224.3k during the year ending 12/2023. While expenses have increased by 5.8% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SPENCERTOWN ACADEMY SOCIETY IS AN IMPORTANT CULTURAL CENTER THAT PRESENTS A VARIETY OF FREE AND LOW COST COMMUNITY EVENTS TO THE LOCAL AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION: THE ORGANIZATION PRESENTS EDUCATIONAL PROGRAMS FOR ALL AGES IN WRITING, POETRY, MUSIC AND ART.
PERFORMING ARTS: THE ORGANIZATION PRESENTS MUSICAL, LITERARY, AND DRAAMATIC PROGRAMMING OF ALL GENRES, AS WELL AS WORKSHOPS AND LECTURES ON TOPICS ON INTEREST TO THE COMMUNITY IN THE AUDITORIUM SPACE.
VISUAL ARTS: THE SPENCERTOWN ACADEMY PRESENTS CURATED, JURIED AND MEMBERS' EXHIBITIONS OF PAINTINGS, PHOTOGRAPHY, SCULPTURE, AND OTHER FINE AND FOLK ART CREATED BY REGIONAL ARTISTS IN TWO BEAUTIFUL GALLERY SPACES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nick Van Alstine President | OfficerTrustee | 10 | $0 |
Madaline Sparks Vice President | OfficerTrustee | 24 | $0 |
Jo-Anne Williams Treasurer | OfficerTrustee | 5 | $0 |
Jill Kalotay Secretary | OfficerTrustee | 18 | $0 |
Wayne Greene Board Member | Trustee | 20 | $0 |
Lucinda Atkins Board Member | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $16,744 |
| Related organizations | $0 |
| Government grants | $30,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $98,448 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $145,192 |
| Total Program Service Revenue | $52,731 |
| Investment income | $751 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $53,762 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $259,460 |
| 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 | $46,660 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,933 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,820 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,250 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,061 |
| Office expenses | $1,103 |
| Information technology | $3,699 |
| Royalties | $0 |
| Occupancy | $8,844 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,757 |
| Insurance | $3,825 |
| All other expenses | $33,492 |
| Total functional expenses | $224,339 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $342,595 |
| 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 | $739 |
| Net Land, buildings, and equipment | $537,916 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $92,433 |
| Intangible assets | $0 |
| Other assets | $128,801 |
| Total assets | $1,102,484 |
| Accounts payable and accrued expenses | $941 |
| 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 | $941 |
| Net assets without donor restrictions | $794,449 |
| Net assets with donor restrictions | $307,094 |
| 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 | $1,102,484 |