The Longyear Gallery Inc
- Assets
- $9.3k
- Revenue
- $49.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Margaretville, NY
- Founding
- 04/2009
- Data as of
- 08/2022
- EIN
- 41-2251144
Organization Overview
The Longyear Gallery Inc is located in Margaretville, NY. The organization was established in 2009. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, 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. Longyear Gallery 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 08/2022, Longyear Gallery Inc generated $49.5k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 29.6% each year . All expenses for the organization totaled $47.4k during the year ending 08/2022. While expenses have increased by 26.1% per year over the past 4 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
GALLERY - OPEN TO PUBLIC
WORKSHOPS - OFFERED TO PUBLIC
MONTHLY GALLERY OPENING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wayne Morris Director-Bm | 4 | $0 | |
Ann Lee Fuller Chair-Bm | 4 | $0 | |
Rosamond Welchman Secretary-Bm | 4 | $0 | |
Amy Metnick Board Member | 1 | $0 | |
Anthony Margiotta Treasurer-Bm | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $783 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| 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 | $48,744 |
| Total Revenue | $49,527 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $19,795 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $24,906 |
| Total operating and administrative expenses | $46,874 |
| Contributions, gifts, grants paid | $500 |
| Total expenses and disbursements | $47,374 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,256 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $9,256 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
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