Gloucester Arts On Main Inc
- Assets
- $699.6k
- Revenue
- $461.4k
- Investments
- $0.0
- Employees
- 10
- Location
- Gloucester, VA
- Founding
- 04/2013
- Data as of
- 06/2021
- EIN
- 45-2946669
Organization Overview
Gloucester Arts On Main Inc is located in Gloucester, VA. The organization was established in 2013. 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 06/2021, Gloucester Arts On Main Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gloucester Arts On Main 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 06/2021, Gloucester Arts On Main Inc generated $461.4k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 19.4% each year . All expenses for the organization totaled $278.2k during the year ending 06/2021. While expenses have increased by 12.1% per year over the past 6 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A CREATIVE ENVIRONMENT FOR THE ARTS TO FLOURISH, ENRICHING THE QUALITY OF LIFE FOR PEOPLE OF ALL AGES BY OFFERING WORKSHIPS, CLASSES, EXHIBITS AND EVENTS IN A GALLERY WHERE ARTISTS EXHIBIT WORK.
Describe the Organization's Program Activity:
THE ARTIST IN RESIDENCY PROGRAM BEGAN IN FY18-19 AND IS SUPPORTED BY THE COOK FOUNDATION. THE PROGRAM ENCOURAGES ARTISTS TO ENGAGE WITH THE COMMUNITY WHILE LIVING AND PURSUING THEIR WORK IN GLOUCESTER. ARTISTS ENJOY DEEPLY FOCUSED TIME TO EXPLORE, EXPERIMENT AND TO WORK INDEPENDENTLY.
ARTS ON MAIN RUNS A GALLERY AND HOSTS EVENTS WHERE LOCAL ARTISTS SHOWCASE THEIR WORK AND SELL ON CONSIGNMENT.
ARTS ON MAIN OFFERS CLASSES IN A WIDE VARIETY OF DISCIPLINES. IN ADDITION, THE ORGANIZATION SPONSORS AN AFTER-SCHOOL ART CLASS PROGRAM FOR CHILDREN IN LOCAL PUBLIC SCHOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hugh Bryan Chair Elect | OfficerTrustee | 10 | $0 |
Willard Grant Treasurer | OfficerTrustee | 10 | $0 |
Lynne Manning Chair | OfficerTrustee | 10 | $0 |
Leslie Belvin Director | Trustee | 4 | $0 |
Carolyn Dudley Director | Trustee | 4 | $0 |
Bill Fulton Director | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $50 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $21,271 |
| All other contributions, gifts, grants, and similar amounts not included above | $299,786 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $321,107 |
| Total Program Service Revenue | $71,239 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,600 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $65,431 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $461,377 |
| 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 | $66,515 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,759 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,980 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,146 |
| Office expenses | $6,318 |
| Information technology | $4,722 |
| Royalties | $0 |
| Occupancy | $18,846 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $17,433 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,382 |
| Insurance | $4,617 |
| All other expenses | $5,749 |
| Total functional expenses | $278,237 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $133,856 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $15,000 |
| 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 | $60 |
| Net Land, buildings, and equipment | $550,717 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $699,633 |
| Accounts payable and accrued expenses | $8,154 |
| 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 | $362,561 |
| Unsecured mortgages and notes payable | $3,667 |
| Other liabilities | $0 |
| Total liabilities | $374,382 |
| Net assets without donor restrictions | $241,012 |
| Net assets with donor restrictions | $84,239 |
| 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 | $699,633 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Gloucester Arts On Main Inc has recieved totaling $197,800.
| Awarding Organization | Amount |
|---|---|
Cook Foundation Gloucester, VA PURPOSE: OPERATIONS | $149,800 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $41,000 |
The Community Foundation Inc Richmond, VA PURPOSE: GENERAL PURPOSES | $7,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wolf Trap Foundation For The Performing Arts Vienna, VA | $98,256,215 | $37,160,457 |
The Tivoli Theatre Foundation Inc Chattanooga, TN | $19,745,641 | $23,020,214 |
Cccp Community Trust Charlotte, NC | $3,032,444 | $5,842,596 |
Cave Hill Investment Company Louisville, KY | $206,891,533 | $9,697,721 |
Coalition For App Fairness Washington, DC | $984,677 | $4,439,544 |
Germantown Cultural Arts Center Inc Germantown, MD | $1,282,498 | $3,689,211 |
Metropolitan School Of The Arts Alexandria, VA | $1,125,949 | $3,020,151 |
Paramount Theater Of Charlottesville Inc Charlottesville, VA | $2,248,840 | $3,822,333 |
The Avalon Foundation Inc Easton, MD | $5,588,979 | $2,877,348 |
Weinberg Center For The Arts Inc Frederick, MD | $1,941,791 | $2,451,910 |
Chesapeake Shakespeare Company Baltimore, MD | $6,775,926 | $2,236,169 |
Thalian Hall Center For Performing Arts Inc Wilmington, NC | $1,750,747 | $2,399,584 |