Hoosier Salon Patrons Association
- Assets
- $235.8k
- Revenue
- $346.6k
- Investments
- $0.0
- Employees
- 1
- Location
- Indianapolis, IN
- Founding
- 05/1957
- Data as of
- 12/2021
- EIN
- 35-0393284
Organization Overview
Hoosier Salon Patrons Association is located in Indianapolis, IN. The organization was established in 1957. According to its NTEE Classification (A90) the organization is classified as: Arts Services, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hoosier Salon Patrons Association 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, Hoosier Salon Patrons Association generated $346.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $203.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (11.3%) 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
PROMOTION OF INDIANA ART AND ARTISTS THROUGH GALLERY EXHIBITIONS, EDUCATIONAL PROGRAMS AND EVENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEW HARMONY GALLERY/FIRST BRUSH OF SPRING: SOUTHERN INDIANA GALLERY PRESENTING EXHIBITIONS OF MEMBERS' ARTWORKS AND EDUCATIONAL PROGRAMMING FOR ARTISTS AND CHILDREN.
ANNUAL EXHIBITION: 97 CONSECUTIVE YEARS FEATURING THE BEST IN INDIANA ART.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donna Hovey President | OfficerTrustee | 10 | $0 |
Gregory Pemberton Treasurer | OfficerTrustee | 4 | $0 |
Stephen Tarr Past Preside | OfficerTrustee | 2 | $0 |
Janet Holcomb Secretary | OfficerTrustee | 44 | $0 |
Karen Butler Board Member | Trustee | 2 | $0 |
Thomas Burke Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $14,927 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $210,631 |
| Noncash contributions included in lines 1a–1f | $38,300 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $227,558 |
| Total Program Service Revenue | $86,778 |
| Investment income | $45 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$296 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $32,564 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $346,649 |
| 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 | $39,130 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,064 |
| 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 | $43,165 |
| Advertising and promotion | $4,210 |
| Office expenses | $9,250 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,557 |
| Travel | $433 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,475 |
| Interest | $42 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $640 |
| Insurance | $6,262 |
| All other expenses | $2,140 |
| Total functional expenses | $203,291 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $136,374 |
| Savings and temporary cash investments | $45,979 |
| Pledges and grants receivable | $10,150 |
| 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 | $38,800 |
| Prepaid expenses and deferred charges | $4,537 |
| 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 | $235,840 |
| Accounts payable and accrued expenses | $1,219 |
| Grants payable | $0 |
| Deferred revenue | $4,620 |
| 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 | $5,839 |
| Net assets without donor restrictions | $230,001 |
| Net assets with donor restrictions | $0 |
| 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 | $235,840 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Hoosier Salon Patrons Association has recieved totaling $32,500.
| Awarding Organization | Amount |
|---|---|
Central Indiana Community Foundation Inc Indianapolis, IN PURPOSE: General Operating Support | $25,000 |
Semler Family Foundation Inc Indianapolis, IN PURPOSE: PROGRAM SUPPORT | $6,500 |
Ge Foundation Norwalk, CT PURPOSE: MATCHING GIFTS | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ragdale Foundation Lake Forest, IL | $7,031,107 | $4,396,121 |
Eau Claire Confluence Arts Inc Eau Claire, WI | $54,912,960 | $2,573,269 |
Contemporary Art Museum St Louis St Louis, MO | $20,335,719 | $3,186,763 |
De Pere Cultural Foundation Inc De Pere, WI | $53,635,326 | $47,909,418 |
Lawyers For The Creative Arts Chicago, IL | $1,154,153 | $854,234 |
Express Yourself Milwaukee Inc Milwaukee, WI | $0 | $354,864 |
Latitude Inc Nfp Chicago, IL | $186,458 | $416,652 |
Chicago Artists Coalition Chicago, IL | $315,844 | $219,386 |
Augusta Ferry Authority Inc Augusta, KY | $165,919 | $419,126 |
Nickel Plate Arts Inc Noblesville, IN | $138,591 | $422,458 |
Hoosier Salon Patrons Association Indianapolis, IN | $235,840 | $346,649 |
3333 Washington Inc St Louis, MO | $4,354,028 | $1,268,494 |