Center For Arts & Learning Inc
- Assets
- $813.5k
- Revenue
- $168.3k
- Investments
- $0.0
- Employees
- 5
- Location
- Montpelier, VT
- Founding
- 09/2014
- Data as of
- 12/2023
- EIN
- 45-5195841
Organization Overview
Center For Arts & Learning Inc is located in Montpelier, VT. The organization was established in 2014. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Center For Arts & Learning Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Center For Arts & Learning 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 12/2023, Center For Arts & Learning Inc generated $168.3k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $205.7k during the year ending 12/2023. While expenses have increased by 9.5% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
COMMUNITY ENRICHMENT THROUGH ART, MUSIC AND EDUCATION AND PROGRAM SUPPORT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2023, THE ORGANIZATION CONTINUED TO OPERATE THE ARTS CENTER AT 46 BARRE STREET, THE ORGANIZATION HAS TWO PART-TIME STAFF MEMBERS TO OPERATE THE BUILDING AND FURTHER THE MISSION OF THE ORGANIZATION. AS PANDEMIC RESTRICTIONS LIFTED, STAFF BEGAN RE-OPERATIONALIZING THE BUILDING - INCLUDING MAINTENANCE, SECURITY INSTALLATION AND ADDITIONAL MEASURES TO RESTORE 24 HOUR ACCESS TO ARTIST STUDIOS. ALSO RESUMED HOSTING POTLUCKS AND ARTWALKS.
ENGAGED IN PRELIMINARY PLACE-MAKING GRANT TO DEVELOP PROPOSAL FOR LARGER PLACEMAKING GRANT.
THE CENTER FOR ARTS AND LEARNING LAUNCHED A PILOT PRINTMAKING STUDIO THAT ART EDUCATORS COULD RENT BY THE HOUR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phayvanh Luekhamhan Executive Director | Officer | 20 | $28,411 |
Larry Revit Board Member | Trustee | 2 | $0 |
Elliott Bent Treasurer | Officer | 5 | $0 |
Phillip Robertson President | Officer | 5 | $0 |
Deb Smoller Secretary | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $88 |
| Related organizations | $0 |
| Government grants | $2,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $18,477 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,565 |
| Total Program Service Revenue | $147,761 |
| Investment income | $17 |
| 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 | $168,343 |
| 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. | $28,412 |
| Compensation of current officers, directors, key employees. | $7,103 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $18,885 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,618 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,586 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $351 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,600 |
| Advertising and promotion | $4,175 |
| Office expenses | $9,577 |
| Information technology | $4,368 |
| Royalties | $0 |
| Occupancy | $95,383 |
| Travel | $425 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $925 |
| Interest | $19,421 |
| Payments to affiliates | $225 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,611 |
| All other expenses | $1,119 |
| Total functional expenses | $205,681 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,877 |
| Savings and temporary cash investments | $7,646 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,286 |
| 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 | $798,660 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $813,469 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $6,305 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $506,211 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,983 |
| Total liabilities | $517,499 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $280,746 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $15,224 |
| Total liabilities and net assets/fund balances | $813,469 |