Chestnut Fine Arts Center Inc
- Assets
- $727.4k
- Revenue
- $491.5k
- Investments
- $0.0
- Employees
- 3
- Location
- Olathe, KS
- Founding
- 05/2002
- Data as of
- 12/2021
- 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 12/2021, Chestnut Fine Arts Center Inc employed 3 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 12/2021, Chestnut Fine Arts Center Inc generated $491.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $255.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (9.0%) 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
2021
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
DUE TO THE PANDEMIC, THE CHESTNUT FINE ARTS CENTER WAS ONLY ABLE TO PRODUCE 2 PRODUCTIONS IN 2021. BOTH HAD VERY FEW PERFORMANCES DUE TO THE UNCERTAINTY REGARDING AUDIENCE ATTENDANCE.
SEAONAL HOLIDAY CAROLING - APPOXIMATELY 150 PERFORMANCES FOR OVER 7,500 PATRONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brad Zimmerman Executive Director | Officer | 50 | $75,000 |
Dalene White Treasurer | OfficerTrustee | 5 | $12,000 |
Perry Dean President | OfficerTrustee | $0 | |
William Turner Secretary | OfficerTrustee | $0 | |
Carolyn Robinson Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $337,559 |
| All other contributions, gifts, grants, and similar amounts not included above | $51,315 |
| Noncash contributions included in lines 1a–1f | $2,216 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $388,874 |
| Total Program Service Revenue | $81,126 |
| Investment income | $21,467 |
| 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 | $491,467 |
| 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. | $87,000 |
| Compensation of current officers, directors, key employees. | $24,900 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,817 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,746 |
| Payroll taxes | $9,149 |
| 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 | $1,295 |
| Office expenses | $6,073 |
| Information technology | $3,100 |
| Royalties | $8,790 |
| Occupancy | $34,193 |
| Travel | $5,397 |
| 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 | $10,238 |
| Insurance | $5,148 |
| All other expenses | $1,458 |
| Total functional expenses | $255,379 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $66,635 |
| Savings and temporary cash investments | $248,164 |
| 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 | $150,118 |
| Investments—publicly traded securities | $262,452 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $727,369 |
| 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 | $727,369 |
| Total liabilities and net assets/fund balances | $727,369 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Chestnut Fine Arts Center Inc has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: CULTURE | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Omaha Performing Arts Society Omaha, NE | $32,168,813 | $11,794,799 |
Bravo Colorado At Vail-Beaver Creek Vail, CO | $12,788,410 | $9,569,156 |
Culture House Olathe, KS | $1,423,663 | $1,449,924 |
Hutchinsons Historic Fox Theatre Inc Hutchinson, KS | $2,272,995 | $1,289,288 |
Lake Dillon Foundation For The Performing Arts Silverthorne, CO | $3,674,810 | $1,325,094 |
Sheridan Arts Foundation Telluride, CO | $2,967,332 | $1,721,240 |
Open Media Foundation Denver, CO | $1,861,501 | $939,371 |
Telluride Society For Jazz Telluride, CO | $70,867 | $899,060 |
Up With People-Incorporated California Denver, CO | $4,293,904 | $1,165,341 |
Circus Flora Inc Saint Louis, MO | $192,585 | $837,921 |
Young Voices Of Colorado Englewood, CO | $606,238 | $561,375 |
Junction City Opera House Inc Junction City, KS | $474,259 | $501,232 |