Sinaca Studios
- Assets
- $525.2k
- Revenue
- $589.8k
- Investments
- $0.0
- Employees
- 13
- Location
- Fort Worth, TX
- Founding
- 05/2008
- Data as of
- 12/2021
- EIN
- 26-1277545
Organization Overview
Sinaca Studios is located in Fort Worth, TX. The organization was established in 2008. 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 12/2021, Sinaca Studios employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sinaca Studios 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, Sinaca Studios generated $589.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $690.1k during the year ending 12/2021. While expenses have increased by 4.9% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO DESIGN, BUILD AND MAINTAIN A STATE OF THE ART FACILITY DEDICATED TO EDUCATING A BROAD CROSS-SECTION OF THE COMMUNITY IN ALL FORMS OF ART GLASS STUDIO TECHNIQUES. SINACA OFFERS CLASSES, WORKSHOPS, AND STUDIO EQUIPMENT RENTAL, FACILITY RENTAL AND A PUBLIC GALLERY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE THREE PRIMARY PROGRAMS OF THE ORGANIZATION ARE TO PROVIDE INSTRUCTION THROUGH CLASSES AND DEMONSTRATIONS TO EDUCATE THE GENERAL COMMUNITY IN THE ART OF GLASS MAKING, TO PROVIDE GLASS MAKING STUDIOS FOR RENT TO ENCOURAGE INDIVIDUAL GLASS MAKING ARTISTS IN THE COMMUNITY AND TO PROVIDE A GALLERY FOR STUDENT AND LOCAL ARTISTS TO SEEL THEIR CREATIONS TO THE PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Cummings President | Officer | 1 | $0 |
Elise Huemoeller Secretary | Officer | 1 | $0 |
Ryan Fowler Treasurer | Officer | 1 | $0 |
Jean Fernandes Studio Manager | Trustee | 40 | $0 |
Tatara Siegel Education And Outreach Coordi | Trustee | 40 | $0 |
Kevin Mcgehee Studios Coordinator | Trustee | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $29,686 |
| Fundraising events | $27,676 |
| Related organizations | $0 |
| Government grants | $49,407 |
| All other contributions, gifts, grants, and similar amounts not included above | $49,560 |
| Noncash contributions included in lines 1a–1f | $3,035 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $156,329 |
| Total Program Service Revenue | $401,503 |
| Investment income | $1,485 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,265 |
| Net Income from Fundraising Events | $13,027 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $6,794 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $589,761 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $16,269 |
| Grants and other assistance to domestic individuals. | $14,137 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $155,686 |
| Compensation of current officers, directors, key employees. | $116,233 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $166,691 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,150 |
| Payroll taxes | $25,065 |
| Fees for services: Management | $13,553 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $5,166 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,050 |
| Advertising and promotion | $30,044 |
| Office expenses | $28,824 |
| Information technology | $2,991 |
| Royalties | $0 |
| Occupancy | $62,522 |
| Travel | $87 |
| 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 | $2,466 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,931 |
| All other expenses | $814 |
| Total functional expenses | $690,050 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $421,314 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $30,726 |
| Accounts receivable, net | $11,603 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $41,076 |
| Prepaid expenses and deferred charges | $5,369 |
| Net Land, buildings, and equipment | $15,091 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $525,179 |
| Accounts payable and accrued expenses | $22,582 |
| Grants payable | $0 |
| Deferred revenue | $104,252 |
| 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 | $547,426 |
| Total liabilities | $674,260 |
| Net assets without donor restrictions | -$211,969 |
| Net assets with donor restrictions | $62,888 |
| 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 | $525,179 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Sinaca Studios has recieved totaling $63,456.
| Awarding Organization | Amount |
|---|---|
Jes Edwards Foundation Fort Worth, TX PURPOSE: ARTISTICCIVIC EDUCATIONAL FD | $20,000 |
R4 Foundation Fort Worth, TX PURPOSE: ASSIST IN MEETING THE RECIPIENT ORGANIZATION'S EXEMPT PURPOSE | $15,000 |
Ann L Rhodes And Carol Greene Rhodes Charitable Tr Dallas, TX PURPOSE: SINACA STUDIOS ACE FUND | $15,000 |
Communities Foundation Of Texas Dallas, TX PURPOSE: THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT. | $7,075 |
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $5,548 |
Allstate Foundation Northbrook, IL PURPOSE: EMPLOYEE HELPING HANDS GRANT | $500 |
Endowment Analysis
| Beg. Balance | $38,635 |
| Admin Expense | $3,849 |
| Net Contributions | $43,500 |
| Other Expense | $15,398 |
| Ending Balance | $62,888 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dallas Contemporary Dallas, TX | $3,580,432 | $1,729,811 |
Louisiana Art And Science Museum Inc Baton Rouge, LA | $6,561,733 | $3,010,375 |
Kid Smart New Orleans, LA | $1,431,671 | $1,483,541 |
Glass Control Inc Emp Ben Tr Lubbock, TX | $187,823 | $1,183,121 |
Ballroom Cultural Arts Foundation Marfa, TX | $1,422,501 | $1,165,140 |
Gil And Dody Weaver Foundation Dallas, TX | $0 | $964,218 |
Fotofest Inc Houston, TX | $1,959,929 | $2,155,129 |
Interform Springdale, AR | $499,617 | $931,526 |
Inspiration Point Fine Arts Colony Inc Eureka Springs, AR | $3,726,831 | $2,341,148 |
Dallas Spark Dallas, TX | $494,166 | $779,653 |
Valere B Potter Trust Uw Dallas, TX | $5,062,926 | $695,206 |
Creative Arts Center Of Dallas Dallas, TX | $609,840 | $730,284 |