Yard Inc
- Assets
- $3.4m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 8
- Location
- Chilmark, MA
- Founding
- 11/1992
- Data as of
- 12/2021
- EIN
- 23-7348937
Organization Overview
Yard Inc is located in Chilmark, MA. The organization was established in 1992. According to its NTEE Classification (A62) the organization is classified as: Dance, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Yard Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Yard 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 12/2021, Yard Inc generated $1.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $954.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE YARD SUPPORTS ARTISTS IN BOTH THEIR CREATIVE PROCESSES AND SOCIAL INSTRUMENTALITY THROUGH PAID RESEARCH RESIDENCY, PUBLIC PERFORMANCE, AND LONG-TERM EDUCATIONAL AND COMMUNITY ENGAGEMENT ACROSS ALL AGES AND DIVERSE POPULATIONS OF MARTHA'S VINEYARD, AND IN BROAD APPLICATION TO NEW ENGLAND AND THE NATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING A SUPPORTIVE ENVIRONMENT FOR DANCE DEVELOPMENT THROUGH CREATIVE RESEARCH RESIDENCY FOR ARTISTS, CHOREOGRAPHIC MENTORSHIP, BROWN BAG LUNCH SEMINAR, COMMUNITY ROUNDTABLES. AS WELL AS PROVIDING A VENUE FOR PERFORMANCES IN THE PERFORMING ARTS, INCLUDING CONTEMPOARY DANCE AND RELATED FORMS, PUPPETRY, CHILDREN'S THEATER, MUSIC, SPOKEN WORD, AND MORE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chloe Jones Executive Director | Officer | 40 | $67,018 |
Joyce Thornhill Treasurer | OfficerTrustee | 5 | $0 |
Deborah Sale Clerk | OfficerTrustee | 5 | $0 |
Charlotte Hall Vice President | OfficerTrustee | 5 | $0 |
Michele Sasso President | OfficerTrustee | 5 | $0 |
Martha Hart Eddy Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $240,073 |
| All other contributions, gifts, grants, and similar amounts not included above | $818,230 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,058,303 |
| Total Program Service Revenue | $16,361 |
| Investment income | $40 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $500 |
| 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 | $1,078,007 |
| 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. | $67,018 |
| Compensation of current officers, directors, key employees. | $33,508 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $203,393 |
| Pension plan accruals and contributions | $90,383 |
| Other employee benefits | $0 |
| Payroll taxes | $27,096 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $146,882 |
| Advertising and promotion | $6,451 |
| Office expenses | $19,222 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $65,174 |
| Travel | $35,290 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,667 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,062 |
| Insurance | $33,137 |
| All other expenses | $13,164 |
| Total functional expenses | $954,351 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,081,943 |
| Savings and temporary cash investments | $50,163 |
| Pledges and grants receivable | $182,915 |
| 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 | $6,621 |
| Net Land, buildings, and equipment | $2,040,089 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,361,731 |
| Accounts payable and accrued expenses | $79,129 |
| Grants payable | $80,000 |
| 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 | $159,129 |
| Net assets without donor restrictions | $2,258,338 |
| Net assets with donor restrictions | $944,264 |
| 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 | $3,361,731 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Yard Inc has recieved totaling $185,910.
| Awarding Organization | Amount |
|---|---|
Jerome A And Estelle R Newman Assistance Fund Inc Carle Place, NY PURPOSE: GENERAL | $50,000 |
Tower Family Fund Inc Buffalo, NY PURPOSE: "MAKE IT" DANCE PROGRAM | $50,000 |
New England Foundation For The Arts Inc Boston, MA PURPOSE: GENERAL OPERATING, CREATION AND/OR PRESENTING SUPPORT | $20,500 |
New England Foundation For The Arts Inc Boston, MA PURPOSE: GENERAL OPERATING, CREATION AND/OR PRESENTING SUPPORT | $20,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $16,300 |
Associated Jewish Charities Of Baltimore Baltimore, MD PURPOSE: GENERAL SUPPORT | $12,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alvin Ailey Dance Foundation Inc New York, NY | $224,568,695 | $40,132,303 |
Gina Gibney Dance Inc New York, NY | $10,706,486 | $12,870,414 |
Ballet Hispanico Of New York New York, NY | $24,516,405 | $5,803,635 |
Jacobs Pillow Dance Festival Inc Becket, MA | $50,618,453 | $15,555,045 |
Discalced Inc Brooklyn, NY | $21,807,049 | $14,438,321 |
New York Live Arts Inc New York, NY | $18,773,149 | $10,002,942 |
Paul Taylor Dance Foundation Inc New York, NY | $13,013,484 | $8,150,910 |
Joyce Theater Foundation Inc New York, NY | $65,012,257 | $14,438,714 |
National Dance Institute Inc New York, NY | $32,990,877 | $6,945,631 |
Baryshnikov Arts Center Inc New York, NY | $23,842,997 | $3,582,683 |
Purelements An Evolution In Dance Brooklyn, NY | $717,420 | $2,009,900 |
Dancing Classrooms Inc New York, NY | $1,646,971 | $2,056,181 |