Master Arts Company
- Assets
- $275.5k
- Revenue
- $193.5k
- Investments
- $0.0
- Employees
- 1
- Location
- Grand Rapids, MI
- Founding
- 09/1986
- Data as of
- 12/2021
- EIN
- 38-2600719
Organization Overview
Master Arts Company is located in Grand Rapids, MI. The organization was established in 1986. According to its NTEE Classification (A65) the organization is classified as: Theater, 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. Master Arts Company 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, Master Arts Company generated $193.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.0% each year. All expenses for the organization totaled $128.3k during the year ending 12/2021. 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
THE ADVANCEMENT OF CHRISTIAN PERFORMING ARTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY THEATER: THESE PRODUCTIONS UTILIZE APPROXIMATELY 100 VOLUNTEERS AND ATTRACT 4,000 OR MORE AUDIENCE MEMBERS ANNUALLY IN NON-COVID YEARS.
INSTRUCTIONAL CLASSES: TRAINING IN DANCE, MIME, AND THEATER ARTS ATTRACTING ABOUT 400 STUDENTS ANNUALLY IN NON-COVID YEARS.
TRAVELING TROUPES AND STREET THEATER: THESE GROUPS PERFORM AT CHURCHES AND OTHER VENUES, UTILIZING ABOUT 24 VOLUNTEERS AND ATTRACTING 4,000 AUDIENCE MEMBERS ANNUALY IN NON-COVID YEARS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lorna Torres Treasurer | OfficerTrustee | 2 | $0 |
John Miedema Chair | OfficerTrustee | 2 | $0 |
Ruth Smith Vice Chair | OfficerTrustee | 2 | $0 |
Dionna Gustafson Secretary | OfficerTrustee | 2 | $0 |
Lisa Chevalia Director | Trustee | 1 | $0 |
Robb Lamer Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $21,721 |
| All other contributions, gifts, grants, and similar amounts not included above | $121,469 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $143,190 |
| Total Program Service Revenue | $44,597 |
| Investment income | $79 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,200 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $869 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$450 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $193,485 |
| 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 | $49,329 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,033 |
| 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 | $0 |
| Advertising and promotion | $5,768 |
| Office expenses | $19,501 |
| Information technology | $0 |
| Royalties | $7,492 |
| Occupancy | $18,545 |
| Travel | $675 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $480 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,126 |
| Insurance | $5,093 |
| All other expenses | $2,912 |
| Total functional expenses | $128,252 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $102,939 |
| Savings and temporary cash investments | $39,702 |
| 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 | $21,721 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $9,135 |
| Net Land, buildings, and equipment | $101,970 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $275,467 |
| 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 | $213,659 |
| Net assets with donor restrictions | $61,808 |
| 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 | $275,467 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Master Arts Company has recieved totaling $25,040.
| Awarding Organization | Amount |
|---|---|
Christian Community Foundation Inc Colorado Springs, CO PURPOSE: GENERAL SUPPORT,BUILDING FUND | $25,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $40 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Temple Theatre Foundation Saginaw, MI | $0 | $1,856,811 |
Milwaukee Repertory Theater Inc Milwaukee, WI | $57,957,999 | $35,719,750 |
Cincinnati Playhouse In The Park Cincinnati, OH | $58,282,641 | $17,194,907 |
American Players Theatre Of Wisconsin Inc Spring Green, WI | $23,897,771 | $10,669,807 |
Cleveland Play House Cleveland, OH | $14,846,065 | $7,810,747 |
Indiana Repertory Theatre Inc Indianapolis, IN | $37,888,080 | $6,579,183 |
Childrens Theatre Of Cincinnati Cincinnati, OH | $17,028,934 | $8,914,508 |
Pabst Theater Foundation Inc Milwaukee, WI | $14,353,453 | $8,621,639 |
Great Lakes Theater Festival Inc Cleveland, OH | $6,916,721 | $4,972,488 |
Cincinnati Shakespeare Company Cincinnati, OH | $14,840,812 | $4,731,587 |
First Stage Milwaukee Inc Performing Arts Center Milwaukee, WI | $6,621,805 | $4,479,947 |
Shadoart Productions Inc Columbus, OH | $8,163,963 | $3,721,440 |