Quincy Society Of Fine Arts
- Assets
- $775.6k
- Revenue
- $334.9k
- Investments
- $14.3k
- Employees
- 6
- Location
- Quincy, IL
- Founding
- 03/1951
- Data as of
- 06/2022
- EIN
- 37-0764566
Organization Overview
Quincy Society Of Fine Arts is located in Quincy, IL. The organization was established in 1951. According to its NTEE Classification (A03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Quincy Society Of Fine Arts employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Quincy Society Of Fine 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 06/2022, Quincy Society Of Fine Arts generated $334.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $273.1k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (4.2%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE ARTS IN THE COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
ARTS QUINCY MAGAZINE TO PROMOTE ART ACTIVITIES
ARTS IN EDUCATION TO PROVIDE ART ACTIVITIES TO LOCAL SCHOOLS AND THE COMMUNITY.
MISCELLANEOUS PROGRAMS AND EVENTS, INCLUDING REGRANTING PROGRAM TO PROVIDE FUNDS FOR VARIOUS ART ACTIVITIES.
MEMBER ORGANIZATION SERVICES TO PROVIDE COST EFFECTIVE SERVICES TO NUMEROUS ART ORGANIZATIONS IN THE SURROUNDING AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lucinda Mcclain Immediate Past President | OfficerTrustee | 1 | $0 |
Scott Smith Treasurer | OfficerTrustee | 1 | $0 |
Jason Lewton President | OfficerTrustee | 1 | $0 |
Anne Cashman Secretary | OfficerTrustee | 1 | $0 |
Mark Mcdowell Director | Trustee | 1 | $0 |
Kathi Dooley Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $44,269 |
| Fundraising events | $11,485 |
| Related organizations | $0 |
| Government grants | $84,016 |
| All other contributions, gifts, grants, and similar amounts not included above | $109,755 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $249,525 |
| Total Program Service Revenue | $32,238 |
| Investment income | $32,020 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $20,502 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $334,916 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $42,363 |
| 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 | $119,452 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,681 |
| Payroll taxes | $0 |
| 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 | $4,855 |
| Fees for services: Other | $10,688 |
| Advertising and promotion | $1,467 |
| Office expenses | $0 |
| Information technology | $3,046 |
| Royalties | $0 |
| Occupancy | $11,612 |
| Travel | $782 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $231 |
| Interest | $83 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $990 |
| Insurance | $0 |
| All other expenses | $4,573 |
| Total functional expenses | $273,100 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $164,445 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,449 |
| 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 | $4,613 |
| Net Land, buildings, and equipment | $2,465 |
| Investments—publicly traded securities | $574,357 |
| Investments—other securities | $14,311 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $775,640 |
| Accounts payable and accrued expenses | $6,570 |
| 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 | $6,570 |
| Net assets without donor restrictions | $746,248 |
| Net assets with donor restrictions | $22,822 |
| 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 | $775,640 |
Grants Awarded
Over the last fiscal year, Quincy Society Of Fine Arts has awarded $139,245 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
QUINCY PUBLIC SCHOOLS PURPOSE: GRANT FUNDED SCULPTURES TO BE INSTALLED AT SEVEN QUINCY PUBLIC SCHOOL LOCATIONS | $122,245 |
QUINCY NOTRE DAME HIGH SCHOOL PURPOSE: GRANT FUNDED SCULPTURE TO BE INSTALLED AT QUINCY NOTRE DAME HIGH SCHOOL | $17,000 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Quincy Society Of Fine Arts has recieved totaling $415,559.
| Awarding Organization | Amount |
|---|---|
Cfm Foundation Quincy, IL PURPOSE: CHADDOCK IT INFRASTR | $112,500 |
Cfm Foundation Quincy, IL PURPOSE: BELLA EASE/TEEN REAC | $100,000 |
Cfm Foundation Quincy, IL PURPOSE: GENERAL OPERATIONS | $50,000 |
Cfm Foundation Quincy, IL PURPOSE: QCT OPERATIONS | $50,000 |
Cfm Foundation Quincy, IL PURPOSE: GRDF WORKFORCE STRAT | $45,250 |
Cfm Foundation Quincy, IL PURPOSE: JACKSON-LINCOLN POOL | $30,000 |
Endowment Analysis
| Beg. Balance | $596,880 |
| Earnings | -$103,357 |
| Admin Expense | $4,855 |
| Net Contributions | $100,000 |
| Ending Balance | $588,668 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Society Of Genetic Counselors Inc Chicago, IL | $6,031,708 | $4,172,256 |
Organization Of American Historians Bloomington, IN | $4,203,949 | $3,566,277 |
International Association Of Business Communicators Chicago, IL | $856,866 | $2,406,715 |
American Pianists Asso Inc Indianapolis, IN | $13,211,143 | $1,708,505 |
Society Of Professional Journalists Indianapolis, IN | $1,602,738 | $1,294,890 |
Maywood Fine Arts Association Maywood, IL | $3,515,801 | $1,414,903 |
Embroiderers Guild Of America Inc Louisville, KY | $3,586,074 | $656,475 |
Aia Illinois Springfield, IL | $1,612,355 | $821,664 |
American Institute Of Architects Iowa Chapter Des Moines, IA | $644,510 | $840,997 |
Luminarts Cultural Foundation At The Union League Club Of Chicago Chicago, IL | $2,688,483 | $1,017,926 |
American Association Of Teachers Of French Marion, IL | $5,084,375 | $658,211 |
American Institute Of Architects Kansas City, MO | $675,522 | $664,208 |