Hopewell Valley Arts Council Inc
- Assets
- $20.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Hopewell, NJ
- Founding
- 07/2014
- Data as of
- 12/2023
- EIN
- 46-2693345
Organization Overview
Hopewell Valley Arts Council Inc is located in Hopewell, NJ. The organization was established in 2014. According to its NTEE Classification (A01) the organization is classified as: Alliances & Advocacy, 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. Hopewell Valley Arts Council 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, Hopewell Valley Arts Council Inc generated $160.0k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $149.9k during the year ending 12/2023. While expenses have increased by 7.0% per year over the past 9 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
FUND PROGRAMS, EVENTS AND COMMUNITY SPACES THAT SUPPORT THE VISUAL, PERFORMING, MUSICAL, LITERARY AND CULINARY ARTS IN THE HOPEWELL VALLEY, NEW JERSEY AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Hagen Trustee | 5 | $0 | |
Craig Shoefed Trustee | 5 | $0 | |
Erwin Harbat Trustee | 5 | $0 | |
Gail Gendler Trustee | 5 | $0 | |
Carol A Lipson Executive Director And Tre | 40 | $52,417 | |
Michelle Needham President | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $125,561 |
| Total Program Service Revenue | $32,153 |
| Membership dues | $2,045 |
| Investment income | $272 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $160,031 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $52,417 |
| Professional fees and other payments to independent contractors | $24,211 |
| Occupancy, rent, utilities, and maintenance | $1,800 |
| Printing, publications, postage, and shipping | $331 |
| Other expenses | $71,137 |
| Total expenses | $149,896 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $19,308 |
| Other assets | $0 |
| Total assets | $20,650 |
| Total liabilities | $18,678 |
| Net assets or fund balances | $1,972 |