Maria Torres Emerging Artists Foundation Inc
- Assets
- $542.0
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Edgewater, NJ
- Founding
- 03/2013
- Data as of
- 09/2021
- EIN
- 45-3932953
Organization Overview
Maria Torres Emerging Artists Foundation Inc is located in Edgewater, NJ. The organization was established in 2013. 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. Maria Torres Emerging Artists Foundation 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 09/2021, Maria Torres Emerging Artists Foundation Inc generated $1.1k 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 (20.3%) each year. All expenses for the organization totaled $708.0 during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (26.1%) per year over the past 5 years. 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 Program Activity:
RIGOROUS, INTERDISCIPLINARY EDUCATIONAL AND MENTORING PROGRAM IN THE PERFORMING ARTS EMPOWERING PRE-TEENS AND YOUNG ADULTS FROM UNDERSERVED, MULTI-ETHNIC COMMUNITIES TO ACHIEVE THEIR GOALS AS PROFESSIONALS IN THE ENTERTAINMENT INDUSTRY. WE PROVIDE OUR YOUTH WITH FUNDAMENTAL TECHNIQUES IN THEATER, DANCE AND MUSIC, BASED ON INDIVIDUAL NEEDS AND PROFESSIONAL GOALS AS WELL AS INSTRUCTION IN PERSONAL DEVELOPMENT INCLUDING SELF-ESTEEM STRENGTHENING EXERCISES AND CONFLICT RESOLUTION ACTIVITIES WHICH HELP CREATE ROLE MODELS AND COMMUNITY LEADERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maria Mercedes Torres Executive Dir. | 10 | $0 | |
John O'connor Treasurer | 5 | $0 | |
James Brent White Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,085 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $1,085 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $226 |
| Occupancy, rent, utilities, and maintenance | $95 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $387 |
| Total expenses | $708 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $542 |
| Other assets | $0 |
| Total assets | $542 |
| Total liabilities | $0 |
| Net assets or fund balances | $542 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Maria Torres Emerging Artists Foundation Inc has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Joan Mitchell Foundation Inc New York, NY | $163,093,074 | $7,287,755 |
African American Cultural Center Pittsburgh, PA | $15,275,830 | $8,128,417 |
Pioneer Works Art Foundation Brooklyn, NY | $17,838,425 | $7,041,619 |
St Anns Warehouse Inc Brooklyn, NY | $32,618,208 | $8,833,127 |
Mount Carmel Guild Education Newark, NJ | $2,668,838 | $6,215,422 |
One Club For Creativity Inc New York, NY | $23,237,696 | $9,988,732 |
Judd Foundation New York, NY | $82,389,087 | $7,883,436 |
Guild Hall Of East Hampton Inc East Hampton, NY | $35,896,554 | $17,394,413 |
Seward Johnson Atelier Inc Hamilton, NJ | $66,063,145 | $5,452,215 |
Boris Lurie Art Foundation Wilmington, DE | $0 | $786,286 |
City Lore Inc New York, NY | $1,966,661 | $4,516,520 |
Restart Factory Inc New York, NY | $6,049,280 | $3,828,840 |