Chestnut Fine Arts Center Inc
- Assets
- $605.2k
- Revenue
- $367.9k
- Investments
- $0.0
- Employees
- 22
- Location
- Olathe, KS
- Founding
- 05/2002
- Data as of
- 12/2022
- EIN
- 43-1944494
Organization Overview
Chestnut Fine Arts Center Inc is located in Olathe, KS. The organization was established in 2002. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Chestnut Fine Arts Center Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chestnut Fine Arts Center 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, Chestnut Fine Arts Center Inc generated $367.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (7.5%) each year. All expenses for the organization totaled $409.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.0%) per year over the past 5 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 PROVIDE A NURTURING POSITIVE AND COMFORTABLE ENVIRONMENT TO PROMOTE DEVELOP AND PRODUCE QUALITY ENTERTAINMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRODUCED 6 THEATRICAL PRODUCTIONS FOR OVER 12,000 PATRONS
PERFORMED SEASONAL HOLIDAY CAROLING - APPROXIMATELY 200 PERFORMANCES FOR OVER 10,000 PATRONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Perry Dean President | OfficerTrustee | $0 | |
William Turner Secretary | OfficerTrustee | $0 | |
Dalene White Treasurer | OfficerTrustee | 10 | $21,500 |
Carolyn Robinson Board Member | Trustee | $0 | |
Brad Zimmerman Executive Director | Officer | 50 | $75,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $12,100 |
| All other contributions, gifts, grants, and similar amounts not included above | $87,306 |
| Noncash contributions included in lines 1a–1f | $2,127 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $99,406 |
| Total Program Service Revenue | $260,237 |
| Investment income | $8,263 |
| 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 | $367,906 |
| 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. | $96,500 |
| Compensation of current officers, directors, key employees. | $26,800 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $75,425 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,455 |
| Payroll taxes | $15,643 |
| 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 | $19,200 |
| Office expenses | $16,136 |
| Information technology | $3,260 |
| Royalties | $1,221 |
| Occupancy | $36,871 |
| Travel | $13,569 |
| 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 | $9,448 |
| Insurance | $5,533 |
| All other expenses | $1,889 |
| Total functional expenses | $409,191 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,513 |
| Savings and temporary cash investments | $234,119 |
| 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 | $140,670 |
| Investments—publicly traded securities | $189,873 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $605,175 |
| 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 | $0 |
| 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 | $605,175 |
| Total liabilities and net assets/fund balances | $605,175 |