The Cedars Union
- Assets
- $1.1m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 4
- Location
- Dallas, TX
- Founding
- 03/2015
- Data as of
- 12/2021
- 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 12/2021, 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 12/2021, Cedars Union generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 32.1% each year . All expenses for the organization totaled $569.4k during the year ending 12/2021. While expenses have increased by 21.6% 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
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.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rachel Stanfield Managing Dir | 40 | $51,253 | |
Caroline Kim Director | 2 | $0 | |
Brittany Cain Miller Dir/v. Chair | 2 | $0 | |
Megan Ruth Bowdon Wilkinson Director | 2 | $0 | |
Andrea Perez Dir/secretar | 2 | $0 | |
Chris Bankler Dir/treasure | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,250,455 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $1,575 |
| Other Income | $44,240 |
| Total Revenue | $1,296,270 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $51,253 |
| Other employee salaries and wages | $171,765 |
| Pension plans, employee benefits | $37,484 |
| Interest | $0 |
| Taxes | $127 |
| Depreciation | $98,066 |
| Occupancy | $94,060 |
| Travel, conferences, and meetings | $2,139 |
| Printing and publications | $0 |
| Other expenses | $51,460 |
| Total operating and administrative expenses | $569,449 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $569,449 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $115,985 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $885,599 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $878 |
| Prepaid expenses and deferred charges | $2,659 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $92,856 |
| Other assets | $5,000 |
| Total assets | $1,102,977 |
| Accounts payable and accrued expenses | $23,981 |
| 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 | $0 |
| Total liabilities | $23,981 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Cedars Union has recieved totaling $19.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $19 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dallas Contemporary Dallas, TX | $3,580,432 | $1,729,811 |
Louisiana Art And Science Museum Inc Baton Rouge, LA | $6,561,733 | $3,010,375 |
Kid Smart New Orleans, LA | $1,431,671 | $1,483,541 |
Glass Control Inc Emp Ben Tr Lubbock, TX | $187,823 | $1,183,121 |
Ballroom Cultural Arts Foundation Marfa, TX | $1,422,501 | $1,165,140 |
Gil And Dody Weaver Foundation Dallas, TX | $0 | $964,218 |
Fotofest Inc Houston, TX | $1,959,929 | $2,155,129 |
Interform Springdale, AR | $499,617 | $931,526 |
Inspiration Point Fine Arts Colony Inc Eureka Springs, AR | $3,726,831 | $2,341,148 |
Dallas Spark Dallas, TX | $494,166 | $779,653 |
Valere B Potter Trust Uw Dallas, TX | $5,062,926 | $695,206 |
Creative Arts Center Of Dallas Dallas, TX | $609,840 | $730,284 |