Hopkinton Center For The Arts
- Assets
- $2.5m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 19
- Location
- Hopkinton, MA
- Founding
- 08/2011
- Data as of
- 12/2022
- EIN
- 27-2588125
Organization Overview
Hopkinton Center For The Arts is located in Hopkinton, MA. The organization was established in 2011. 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 12/2022, Hopkinton Center For The Arts employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hopkinton Center For The Arts 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, Hopkinton Center For The Arts generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 18.7% each year . All expenses for the organization totaled $1.7m during the year ending 12/2022. While expenses have increased by 14.8% per year over the past 4 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE HCA IS A DYNAMIC NON-PROFIT ARTS CENTER THAT OFFERS A WIDE VARIETY OF CLASSES AND EVENTSIN VISUAL ARTS, THEATER, MUSIC, FILM AND DANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ARTS RELATED FACILITIES USE-SPACE RENTALS FOR ARTS CLASSES, REHEARSALS, ART SHOWINGS ANDPRIVATE LESSONS.
ARTS RELATED FACILITIES USE-SPACE RENTALS FOR ARTS CLASSES, REHEARSALS, ART SHOWINGS ANDPRIVATE LESSONS.
CLASSES AND WORKSHOPS IN VISUAL AND PERFORMING ARTS.
CLASSES AND WORKSHOPS IN VISUAL AND PERFORMING ARTS.
EXHIBITIONS AND EVENTS - ARTISAN BOUTIQUES AND SHOWCASES, SPECIAL PERFORMANCES AND ART GALLERY.
EXHIBITIONS AND EVENTS - ARTISAN BOUTIQUES AND SHOWCASES, SPECIAL PERFORMANCES AND ART GALLERY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jon Graziano Director | Trustee | 0 | $0 |
Amy Cafazzo Director | Trustee | 0 | $0 |
Scott Richardson Director | Trustee | 0 | $0 |
Janet Ceddia Board Chairman | OfficerTrustee | 2 | $0 |
Meghan Gaul Director | Trustee | 0 | $0 |
Jeff Doherty Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $19,525 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $27,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $482,546 |
| Noncash contributions included in lines 1a–1f | $163,440 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $529,071 |
| Total Program Service Revenue | $854,526 |
| Investment income | $195 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $123,294 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,660,000 |
| 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. | $65,000 |
| Compensation of current officers, directors, key employees. | $22,100 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $471,031 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $73,146 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $40,553 |
| Advertising and promotion | $76,273 |
| Office expenses | $25,428 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $95,603 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $18,836 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $237,935 |
| Insurance | $30,003 |
| All other expenses | $84,992 |
| Total functional expenses | $1,724,910 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $90,008 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $159,387 |
| 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 | $1,850 |
| Net Land, buildings, and equipment | $2,252,969 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,504,214 |
| Accounts payable and accrued expenses | $80,657 |
| Grants payable | $0 |
| Deferred revenue | $110,200 |
| 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 | $97,766 |
| Unsecured mortgages and notes payable | $349,247 |
| Other liabilities | $7,042 |
| Total liabilities | $644,912 |
| Net assets without donor restrictions | $1,850,265 |
| Net assets with donor restrictions | $9,037 |
| 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 | $2,504,214 |