The Cherry Arts Inc
- Assets
- $69.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Ithaca, NY
- Founding
- 12/2014
- EIN
- 47-2252738
Organization Overview
The Cherry Arts Inc is located in Ithaca, NY. The organization was established in 2014. According to its NTEE Classification (A65) the organization is classified as: Theater, 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. Cherry Arts 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 undefined, Cherry Arts Inc generated $158.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 41.9% each year . All expenses for the organization totaled $206.1k during the year ending undefined. While expenses have increased by 35.4% per year over the past 7 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
Describe the Organization's Program Activity:
Part 3
THE CHERRY ARTS, INC., IS A NOT-FOR-PROFIT ARTS ORGANIZATION SUPPORTING A WIDE RANGE OF ARTISTS, IN A VARIETY OF DISCIPLINES, BY HOSTING THEM IN THE WATERFRONT CHERRY ARTSPACE IN ITHACA. THE PRIMARY FOCUS OF OUR SUPPORT IS THE CHERRY ARTISTS' COLLECTIVE, A SELF-GOVERNING ENSEMBLE OF LOCALLY-BASED PROFESSIONAL ARTISTS WHO DEVELOP NEW WORKS OF PERFORMANCE THAT ARE RADICALLY LOCAL, RADICALLY INTERNATIONAL AND FORMALLY INNOVATIVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Bouderau Member | 1 | $0 | |
Gordon Barger Member | 1 | $0 | |
Greg Carlson Treasurer | 1 | $0 | |
Penelope Chick Member | 1 | $0 | |
Liz Carney President | 1 | $0 | |
Erica Steinhagen Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $131,366 |
| Total Program Service Revenue | $27,015 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $21 |
| Total Revenue | $158,402 |
| Statement of Expenses | |
|---|---|
| Total expenses | $206,141 |
| Balance Sheet | |
|---|---|
| Total assets | $69,019 |
| Total liabilities | $116,510 |
| Net assets or fund balances | -$47,491 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Cherry Arts Inc has recieved totaling $12,000.
| Awarding Organization | Amount |
|---|---|
Steven And Marcy Schaeffer Family Foundation Inc Ithaca, NY PURPOSE: TO SUPPORTS ARTS & ENTERTAINMENT | $12,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New York Shakespeare Festival New York, NY | $141,889,359 | $47,421,313 |
Fractured Atlas Inc New York, NY | $26,189,611 | $36,358,780 |
Roundabout Theatre Company Inc New York, NY | $173,392,210 | $30,369,133 |
Vivian Beaumont Theater Inc New York, NY | $199,499,593 | $19,952,200 |
American Repertory Theatre Cambridge, MA | $28,732,151 | $12,990,237 |
Signature Theatre Company New York, NY | $62,849,854 | $11,675,589 |
Playwrights Horizons Inc New York, NY | $27,151,743 | $13,749,281 |
Huntington Theatre Company Inc Boston, MA | $85,399,357 | $14,500,477 |
Manhattan Theatre Club Inc New York, NY | $95,784,807 | $15,978,594 |
Hartford Stage Company Hartford, CT | $23,293,519 | $12,254,112 |
Stella Adler Studio Of Acting New York, NY | $5,616,573 | $9,953,377 |
Storyville Center For The Spoken Word Inc New York, NY | $12,362,100 | $12,256,751 |