Salisbury Arts And Entertainment District Inc
- Assets
- $98.1k
- Revenue
- $214.5k
- Investments
- $0.0
- Employees
- 1
- Location
- Salisbury, MD
- Founding
- 08/2015
- Data as of
- 12/2021
- EIN
- 47-4845564
Organization Overview
Salisbury Arts And Entertainment District Inc is located in Salisbury, MD. The organization was established in 2015. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Salisbury Arts And Entertainment District 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 12/2021, Salisbury Arts And Entertainment District Inc generated $214.5k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.2% each year . All expenses for the organization totaled $212.0k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ORGANIZE, ENCOURAGE, PROMOTE AND SUPPORT THE ARTISTIC AND RECREATIONAL ENDEAVORS OF PRIVATE CITIZENS, OTHER NONPROFIT ORGANIZATIONS, MUNICIPAL ENTITIES AND DEPARTMENTS, AND PUBLIC-SPIRITED BUSINESSES, IN CIVIC AND CULTURAL ACTIVITIES DESIGNED TO ESTABLISH THE CITY OF SALISBURY, MD, AS A MORE VIBRANT, ENLIGHTENED AND ECONOMICALLY THRIVING COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO DEVISE PROMOTE AND SPONSOR PERIODIC AND ANNUAL ACTIVITIES AND FESTIVALS IN THE CITY OF SALISBURY TO BRING TOGETHER CITY RESIDENTS, AS WELL AS RESIDENTS OF NEARBY COMMUNITIES, TO ENJOY AND EXPERIENCE THE ARTISTIC ACHIEVEMENTS OF TALENTED ARTISANS, RESIDENT MUSICIANS AND ENTERTAINERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jamie Heater Executive Director | OfficerTrustee | 40 | $71,056 |
Michael Day Chair | OfficerTrustee | 4 | $0 |
Rachel Terzich Secretary | OfficerTrustee | 2 | $0 |
Kevin Taylor Treasurer | OfficerTrustee | 2 | $0 |
Laura Soper Director | Trustee | 1 | $0 |
Susan Holt Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $182,246 |
| All other contributions, gifts, grants, and similar amounts not included above | $32,147 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $214,393 |
| Total Program Service Revenue | $0 |
| Investment income | $124 |
| 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 | $214,517 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,693 |
| Grants and other assistance to domestic individuals. | $15,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $77,518 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,561 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,251 |
| Advertising and promotion | $5,205 |
| Office expenses | $9,779 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $180 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,311 |
| All other expenses | $89,454 |
| Total functional expenses | $211,952 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $801 |
| Savings and temporary cash investments | $96,081 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $1,175 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $98,057 |
| Accounts payable and accrued expenses | $3,113 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,113 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $94,944 |
| Total liabilities and net assets/fund balances | $98,057 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Salisbury Arts And Entertainment District Inc has recieved totaling $69,300.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of The Eastern Shore Inc Salisbury, MD PURPOSE: ARTS/CULTURE | $36,800 |
Arthur W Perdue Foundation Inc Wilmington, DE PURPOSE: FOLK FESTIVAL 2022 - FESTIVAL MARKETPLACE SPONSORSHIP | $25,000 |
Community Foundation Of Anne Arundel County Inc Annapolis, MD PURPOSE: ARTS AND CULTURE | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Berks County School Districts Health Tr Reading, PA | $37,307,686 | $92,475,879 |
Jewish Home Lifecare Manhattan New York, NY | $92,070,146 | $86,814,145 |
Central European University New York, NY | $577,160,061 | $72,058,098 |
International Union Of Operating Engineers Welfare Fund Long Island City, NY | $98,450,225 | $98,628,304 |
New Jersey Property Liability Basking Ridge, NJ | $270,074,908 | $113,404,286 |
Upmc Lititz Harrisburg, PA | $81,864,299 | $83,139,500 |
Procter & Gamble Benefit Plan Trust Cincinnati, OH | $69,184,153 | $97,679,425 |
United Church Homes Inc Marion, OH | $230,951,491 | $117,776,158 |
American Society For Testing And Materials West Conshohocken, PA | $507,262,217 | $135,712,233 |
Childrens Research Institute Washington, DC | $13,958,035 | $66,659,816 |
Cedar Crest Village Llc Pompton Plains, NJ | $458,841,206 | $94,228,748 |
Public Interest Registry Reston, VA | $67,348,678 | $103,286,594 |