Contemporary Arts Inc
- Assets
- $56.1k
- Revenue
- $54.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Gwynn Oak, MD
- Founding
- 06/2004
- Data as of
- 12/2022
- EIN
- 36-4517485
Organization Overview
Contemporary Arts Inc is located in Gwynn Oak, MD. The organization was established in 2004. According to its NTEE Classification (B40) the organization is classified as: Higher Education, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Contemporary Arts 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 12/2022, Contemporary Arts Inc generated $54.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $87.2k during the year ending 12/2022. While expenses have increased by 6.5% per year over the past 8 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
SCHOOL - PROVIDING MUSIC & DANCE INSTRUCTION ALSO PROVIDING ACADEMIC SUPPORT & MENTORING FOR CHILDREN AGES 6-17
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING MUSIC & DANCE INSTRUCTION ALSO PROVIDING ACADEMIC SUPPORT & MENTORING FOR CHILDREN AGES 6-17
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Grubbs Director | Officer | 40 | $0 |
William Harvey Treasurer | Trustee | 40 | $0 |
Karen Braithwaite-Yarn Vice President | Trustee | 40 | $0 |
Cassandra Lucas Financial Secretary | Trustee | 40 | $0 |
Frederick Cager President | Trustee | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $54,777 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $54,777 |
| 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 | $54,777 |
| 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 | $43,914 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,229 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,148 |
| Office expenses | $3,487 |
| Information technology | $956 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,537 |
| 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 | $1,014 |
| All other expenses | $120 |
| Total functional expenses | $87,194 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $56,072 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $56,072 |
| 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 | $56,072 |
| 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 | $56,072 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Contemporary Arts Inc has recieved totaling $13,669.
| Awarding Organization | Amount |
|---|---|
Baltimore Community Foundation Inc Baltimore, MD PURPOSE: GENERAL SUPPORT AND VARIOUS PROJECTS | $11,150 |
Thomas Wilson Sanitarium For Children Of Baltimore City Lutherville, MD PURPOSE: FOR THE CARE AND DEVELOPMENT OF THE CHILDREN OF BALTIMORE CITY. | $2,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $19 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Accreditation Board For Engineering And Technology Inc Baltimore, MD | $25,462,231 | $12,376,690 |
Pennsylvania College Of Art And Design Lancaster, PA | $15,635,445 | $9,536,252 |
International Institute For Restorative Practices Bethlehem, PA | $9,904,972 | $8,760,911 |
Intercollegiate Studies Institute Inc Wilmington, DE | $20,524,423 | $7,078,238 |
Consortium Of Universities Of The Washington Metropolitan Area Washington, DC | $2,518,599 | $5,635,186 |
Credential Engine Inc Washington, DC | $2,829,451 | $3,267,999 |
Clarion Students Association Clarion, PA | $4,575,436 | $1,966,562 |
Susq-Cyber Charter School Bloomsburg, PA | $576,191 | $1,528,363 |
Project Discovery Inc Roanoke, VA | $402,058 | $1,230,095 |
California University Of Management& Sciences Fairfax, VA | $6,334,873 | $769,746 |
Collegiate Consortium For Workforce And Economic Development Media, PA | $782,366 | $1,148,165 |
Pennsylvania Commission For Community Colleges Harrisburg, PA | $1,262,284 | $763,324 |