The Cedars Union
- Assets
- $993.5k
- Revenue
- $34.4k
- Investments
- $0.0
- Employees
- 4
- Location
- Dallas, TX
- Founding
- 03/2015
- Data as of
- 12/2022
- EIN
- 47-2408430
Organization Overview
The Cedars Union is located in Dallas, TX. The organization was established in 2015. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Cedars Union employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cedars Union 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 12/2022, Cedars Union generated $34.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (19.0%) each year. All expenses for the organization totaled $446.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CEDARS UNION PROVIDES A HUB FOR PROMOTING THE ARTS THROUGH THE PROVISION OF SPACE AND TOOLS TO ARTISTS. A WORKSPACE IS PROVIDED WITH TOOLS. AN INCUBATOR PROGRAM IS PROVIDED TO TEACH AND TRAIN ARTISTS AND PROVIDE FOR THEM A SUPPORTING ATMOSPHERE TO ENCOURAGE THEIR GROWTH IN THE ARTS. ARTISTS MAY EXPLORE AND GROW WITH THE OPPORTUNITY TO WORK WITH OTHER ARTISTS AND GAIN KNOWLEGDE, AS WELL AS CRITIQUES. OPEN STUDIO EVENTS ARE HOSTED TO ALLOW THE PUBLIC TO VIEW THE ARTISTS WORK AND TO BE INTRODUCED TO THE ORGANIZATION'S PROGRAMS.
PUBLIC PROGRAMS ARE HOSTED THAT PROMOTE AND RAISE AWARENESS OF THE ARTS. THESE INCLUDE WORKSHOPS AND DEMONSTRATIONS ARE CONDUCTED TO EDUCATE ARTISTS AND THE GENERAL PUBLIC IN VARIOUS ART FORMS AND IN THE USE OF AVAILABLE TOOLS FOR CREATING ART. PROGRAMS ARE ALSO PROVIDED TO ASSIST THE ARTS COMMUNITY IN UNDERSTANDING THE BUSINESS SIDE OF THE COMMUNITY INCLUDING PROGRAMS ON CREATING AND OPERATING ARTS PROGRAMS TO PROTECTING ARTISTIC ENDEAVORS THROUGH COPYRIGHTS AND TRADEMARKS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Heinlen Dir/im. Past | 2 | $0 | |
Andrea Perez Dir/vice Pre | 2 | $0 | |
Chris Bankler Dir/treasure | 2 | $0 | |
Kenneth Bowdon Director | 2 | $0 | |
Morgana Wilborn Director/sec | 2 | $0 | |
Caroline Kim Dir./chairma | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $43,129 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$60,488 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $330 |
| Other Income | $51,462 |
| Total Revenue | $34,433 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $44,467 |
| Other employee salaries and wages | $142,512 |
| Pension plans, employee benefits | $34,714 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $25,635 |
| Occupancy | $118,851 |
| Travel, conferences, and meetings | $9,135 |
| Printing and publications | $0 |
| Other expenses | $40,060 |
| Total operating and administrative expenses | $446,117 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $446,117 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $76,485 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $585,600 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $2,554 |
| Prepaid expenses and deferred charges | $2,901 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $8,932 |
| Other assets | $316,983 |
| Total assets | $993,455 |
| Accounts payable and accrued expenses | $15,960 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $310,183 |
| Total liabilities | $326,143 |