Newark Arts Alliance Inc
- Assets
- $175.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Newark, DE
- Founding
- 09/1994
- Data as of
- 12/2022
- EIN
- 51-0346126
Organization Overview
Newark Arts Alliance Inc is located in Newark, DE. The organization was established in 1994. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, 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. Newark Arts Alliance 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 12/2022, Newark Arts Alliance Inc generated $161.7k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 22.2% each year . All expenses for the organization totaled $95.3k during the year ending 12/2022. While expenses have increased by 7.0% per year over the past 4 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Yarnall President | 4 | $0 | |
Kate Cottle Vice President | 3 | $0 | |
Wendi Jacobs Secretary | 2 | $0 | |
Robert Francis James Treasurer | 1.5 | $0 | |
Carole Fox Director | 3 | $0 | |
Carol Post Director | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $88,050 |
| Total Program Service Revenue | $56,336 |
| Membership dues | $10,430 |
| Investment income | $1,737 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $5,179 |
| Other Revenue | $0 |
| Total Revenue | $161,732 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $33,122 |
| Professional fees and other payments to independent contractors | $782 |
| Occupancy, rent, utilities, and maintenance | $25,722 |
| Printing, publications, postage, and shipping | $695 |
| Other expenses | $34,929 |
| Total expenses | $95,250 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $173,740 |
| Other assets | $0 |
| Total assets | $175,678 |
| Total liabilities | $0 |
| Net assets or fund balances | $175,678 |