Fermata Arts Foundation Inc
- Assets
- $950.0
- Revenue
- $66.3k
- Investments
- $0.0
- Employees
- 2
- Location
- Avon, CT
- Founding
- 04/2010
- Data as of
- 12/2023
- EIN
- 26-3396309
Organization Overview
Fermata Arts Foundation Inc is located in Avon, CT. The organization was established in 2010. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Fermata Arts Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fermata Arts Foundation 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 12/2023, Fermata Arts Foundation Inc generated $66.3k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $65.6k during the year ending 12/2023. While expenses have increased by 5.5% per year over the past 5 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
TO AID IN THE PRESERVATION OF PEACE THROUGH MUTUAL RESPECT, UNDERSTANDING AND COOPERATION. THE MODEL FOR ACHIEVING THIS IS THROUGH THE SYNTHESIS OF ART, ARCHITECTURE, PHILOSOPHY AND POETRY. THE CORPORATION EXISTS TO PROMOTE AND ENCOURAGE TRUE INTERCULTURAL DIALOGUE BETWEEN COUNTRIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZING CHILDREN'S EXHIBITIONS FROM THE COUNTRIES OF THE POST-SOVIET SPACE IN PUBLIC SPACES OF NEW ENGLAND, NEW YORK, ARKANSAS AND TEXAS IS ONE OF THE ACTIVITIES OF OUR ORGANIZATION. MORE THAN 120 PUBLIC LIBRARIES IN 9 STATES (CT, MA NH, VT, RI, NY, AR, TX, TN) ARE ESTABLISHED PARTNERS IN THE FAF ACTIVITIES. ON AVERAGE FAF ORGANIZES 10 EXHIBITIONS A MONTH IN PUBLIC LIBRARIES. 10 EXHIBITIONS X 12 MONTHS = 120 EXHIBITIONS A YEAR. FERMATA ARTS FOUNDATION BY THE NUMBERS IN 2023: PROGRAM "LET'S BUILD THE ROOF OVER THE WORLD": 114 EXHIBITIONS OF CHILDREN'S DRAWINGS FROM THE POST-SOVIET SPACE COUNTRIES: BELARUS, UZBEKISTAN, RUSSIA (4), BULGARIA (2), UKRAINE (6), NAGORNO KARABAKH (3), ITALY, ESTONIA, KAZAKHSTAN, KYRGYZSTAN (5), REPUBLIC OF GEORGIA (2), LATVIA (2), TAJIKISTAN, ARMENIA, LITHUANIA, MOLDOVA (4) WERE ORGANIZED IN THE PUBLIC LIBRARIES IN 4 STATES. 2023 TOTAL: EXHIBITIONS: 114. PRESENTATION: 6. ART WORKSHOP: 2. NUMBER OF EXHIBITIONS BY STATE: CT: 13; MA: 26; NH: 38; VT: 38. NUMBER OF PRESENTATIONS BY STATE: CT:3; MA:1; NH:2 NUMBER OF ART WORKSHOPS BY STATE: CT:1; MA:1 49 TOWNS SERVED IN 2023: CT (6); MA(11); NH (15); VT (17) CT (6): WINSTED (6); NEW HARTFORD (2); WATERBURY (2); NEW BRITAIN; EAST GRANBY; WINDSOR MA (11): NORTHBOROUGH (4); SALEM (4); SOUTHWICK (4); LYNN (3); SOUTH HADLEY (2); CHICOPEE (2); OXFORD (2); ABINGTON (2); SHEFFIELD; TEWKSBURY; LUDLOW NH (15): FITZWILLIAM (7); COLEBROOK (5); CLAREMONT (4); WOODSVILLE (3); HOOKSETT (3); KEENE (3); RICHMOND (3); SEABROOK (2); CONWAY (2); PLYMOUTH; GILFORD; SALEM; CANDIA; NORTHFIELD; RINDGE VT (17): DERBY LINE (5); WILLIAMSTOWN (5); ST. JOHNSBURY (4); MONTPELIER (3); WILLISTON (3); SHARON (2); NORTHFIELD (2); WOODBURY (2); WINDSOR; ESSEX JUNCTION; QUECHEE; MIDDLEBURY; WARREN; SHELBURNE; WATERBURY; SWANTON; COLCHESTER
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sean Cummings President | Trustee | 8 | $3,248 |
Igor Klimov Director | Trustee | 2 | $0 |
Dr Victor Shadrin Director | Trustee | 2 | $0 |
Davit Koiava Director | Trustee | 2 | $0 |
Dr Turatbek Dujshenaliev Director | Trustee | 2 | $0 |
Dr Pamela Gay VP | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $11,219 |
| All other contributions, gifts, grants, and similar amounts not included above | $55,081 |
| Noncash contributions included in lines 1a–1f | $31,631 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $66,300 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $66,300 |
| 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. | $6,496 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $496 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,850 |
| Office expenses | $10,456 |
| Information technology | $3,930 |
| Royalties | $0 |
| Occupancy | $3,550 |
| Travel | $14,650 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $65,550 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $750 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $950 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $200 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $750 |
| Total liabilities and net assets/fund balances | $950 |