Rye Art Center Inc
- Assets
- $1.2m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 20
- Location
- Rye, NY
- Founding
- 06/1962
- Data as of
- 06/2022
- EIN
- 51-0243575
Organization Overview
Rye Art Center Inc is located in Rye, NY. The organization was established in 1962. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Rye Art Center Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rye Art Center 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 06/2022, Rye Art Center Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $1.4m during the year ending 06/2022. While expenses have increased by 3.0% per year over the past 6 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO INSPIRE INTEREST & MAXIMUM PARTICIPATION IN THE ARTS IN WESTCHESTER, NY & SURROUNDING REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION: THE RAC PROVIDES ARTS EDUCATION ACROSS SEVERAL DISCIPLINES INCLUDING VISUAL ARTS, MUSIC, CERAMICS, DANCE, DIGITAL ARTS, AND STEM+ARTS. OVER 500 CLASSES AND WORKSHOPS ARE OFFERED ACROSS FOUR SESSIONS ANNUALLY: FALL, WINTER, SPRING, AND SUMMER. STUDENTS AND MEMBERS RANGE IN AGE FROM PRESCHOOL TO ADULT SENIORS, WITH INSTRUCTION RANGING FROM BEGINNER TO ADVANCED LEVELS. MUSIC INSTRUCTION IS OFFERED IN GROUP AND INDIVIDUAL LESSONS ACROSS ALL INSTRUMENTS. THE RAC'S EDUCATION OFFERINGS TAKE PLACE AT ITS 51 MILTON ROAD FACILITY AS WELL AS OFF-SITE LOCATIONS INCLUDING AREA SCHOOLS, COMMUNITY CENTERS, SOCIAL SERVICE AGENCIES, AND SENIOR NURSING FACILITIES. IN TOTAL, THE RAC PROVIDES ARTS EDUCATION TO MORE THAT 8,000 STUDENTS AND MEMBERS ANNUALLY.
EXHIBITIONS, PERFORMANCES AND OUTREACH: IN ACCORDANCE WITH THE RAC'S MISSION TO MAXIMIZE PARTICIPATION IN THE ARTS AND TO PROVIDE HIGH QUALITY ARTISTIC EXPERIENCES, THE CENTER PROVIDES PROGRAMMING IMPACTING OVER 45,000 PEOPLE. ACTIVITIES INCLUDE EXHIBITIONS (FREE AND OPEN TO THEPUBLIC, FEATURING WORKS OF BOTH PROFESSIONAL AND STUDENT ARTISTS); PUBLIC ART INSTALLATIONS; PERFORMING ARTS EVENTS (MUSIC, THEATRE, SPOKEN WORD, COMEDY, ETC.); LECTURES, TOUR AND DISCUSSIONS; COMMUNITY EVENTS, AND AN EXTENSIVE OUTREACH PROGRAM (WEEKLY ARTS EDUCATION FOR 300 UNDERSERVED PRE-SCHOOL CHILDREN, DANCE CLASSES FOR PEOPLE WITH PARKINSON'S DISEASE, AFTERSCHOOL PROGRAMS AT MULTIPLE LOCAL COMMUNITY CENTERS, STUDENT PERFORMANCES AT NURSING HOMES, IN SCHOOL ARTS PROGRAMS, AND NEED-BASED SCHOLARSHIPS.
MEMBERSHIP: THE RAC PROVIDES MEMBERSHIP OPPORTUNITIES TO ITS STUDENTS, ART PATRONS, AND VISITORS AS A WAY TO DEMONSTRATE THEIR COMMITMENT AND SUPPORT FOR THE ORGANIZATION. THERE ARE OVER 350 RAC MEMBERS WHO RECEIVE VARIOUS BENEFITS INCLUDING DISCOUNTS ON CLASSES AND PROMOTIONAL OFFERINGS WITH LOCAL BUSINESSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judith Passannante President | OfficerTrustee | 10 | $0 |
Marcia Kimmel Vice President | OfficerTrustee | 6 | $0 |
Denise Denson Vice President | Trustee | 6 | $0 |
Howard Cohen Treasurer | OfficerTrustee | 6 | $0 |
Shami Kini Co-Secretary | OfficerTrustee | 6 | $0 |
Jennifer Sandling Co-Secretary | OfficerTrustee | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $37,037 |
| Fundraising events | $42,424 |
| Related organizations | $0 |
| Government grants | $142,645 |
| All other contributions, gifts, grants, and similar amounts not included above | $307,727 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $529,833 |
| Total Program Service Revenue | $899,313 |
| Investment income | $469 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $49,542 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $13,791 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,492,948 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $89,750 |
| Compensation of current officers, directors, key employees. | $7,469 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $355,528 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,888 |
| Payroll taxes | $43,463 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,935 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $132,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $457,739 |
| Advertising and promotion | $5,668 |
| Office expenses | $117,011 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $20,561 |
| Insurance | $37,022 |
| All other expenses | $0 |
| Total functional expenses | $1,364,420 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $932,042 |
| Pledges and grants receivable | $100,000 |
| Accounts receivable, net | $97,109 |
| 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 | $35,623 |
| Net Land, buildings, and equipment | $51,915 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,216,689 |
| Accounts payable and accrued expenses | $35,448 |
| Grants payable | $0 |
| Deferred revenue | $214,159 |
| 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 | $249,607 |
| Net assets without donor restrictions | $509,374 |
| Net assets with donor restrictions | $457,708 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,216,689 |