Anderson Fine Arts Foundation Inc
- Assets
- $2.7m
- Revenue
- $368.0k
- Investments
- $1.6m
- Employees
- 0
- Location
- Anderson, IN
- Founding
- Data as of
- 04/2023
- EIN
- 35-6058737
Organization Overview
Anderson Fine Arts Foundation Inc is located in Anderson, IN. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Anderson Fine 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 04/2023, Anderson Fine Arts Foundation Inc generated $368.0k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $426.7k during the year ending 04/2023. While expenses have increased by 0.7% per year over the past 6 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MISSION OF THE FOUNDATION IS TO PROMOTE APPRECIATION FOR THE ARTS. THE LARGEST CHARITABLE ACTIVITIES CONDUCTED ARE THROUGH PROVIDING CLASSES AND MEMBERSHIPS TO THE FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Anderson Trustee | 1 | $0 | |
Mike Montgomery Trustee | 1 | $0 | |
Megan Peyton Trustee | 1 | $0 | |
Eric Davis Trustee | 1 | $0 | |
Eliot Reed Trustee | 1 | $0 | |
Cody Hooker Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $45,398 |
| Interest on Savings | $0 |
| Dividends & Interest | $157,956 |
| Net Rental Income | $19,825 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $144,791 |
| Total Revenue | $367,970 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $72,188 |
| Other employee salaries and wages | $109,941 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $32,093 |
| Depreciation | $0 |
| Occupancy | $27,754 |
| Travel, conferences, and meetings | $2,903 |
| Printing and publications | $1,797 |
| Other expenses | $177,583 |
| Total operating and administrative expenses | $426,744 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $426,744 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $68,868 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $2,626 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,601,565 |
| Net Land, buildings, and equipment | $553,331 |
| Other assets | $520,204 |
| Total assets | $2,746,594 |
| Accounts payable and accrued expenses | $4,564 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,564 |