Allegany Arts Council Inc
- Assets
- $816.0k
- Revenue
- $856.7k
- Investments
- $0.0
- Employees
- 5
- Location
- Cumberland, MD
- Founding
- 04/1976
- Data as of
- 06/2023
- EIN
- 52-1062379
Organization Overview
Allegany Arts Council Inc is located in Cumberland, MD. The organization was established in 1976. According to its NTEE Classification (A26) the organization is classified as: Arts & Humanities Councils & Agencies, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, Allegany Arts Council Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Allegany Arts Council 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 06/2023, Allegany Arts Council Inc generated $856.7k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $608.4k during the year ending 06/2023. While expenses have increased by 7.0% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT AND PROMOTE THE ARTS IN ALLEGANY COUNTY, MARYLAND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COUNCIL PROMOTES AND EDUCATES THE LOCAL AND TRI-STATE COMMUNITY ON ENHANCEMENT OF THE ARTS TO ALL MEMBERS OF SOCIETY, ASSITING IN ALL FACETS OF THE ARTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Westendorff Executive Di | Trustee | 40 | $69,148 |
Jennifer Browne Board Member | Trustee | $0 | |
Robert Cooper Board Member | Trustee | $0 | |
Al Delia Board Member | Trustee | $0 | |
Barry Gurley Board Member | Trustee | $0 | |
Stephanie Hutter-Thomas Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $37,795 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $585,173 |
| All other contributions, gifts, grants, and similar amounts not included above | $102,463 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $725,431 |
| Total Program Service Revenue | $124,275 |
| Investment income | $17,428 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$10,456 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $856,678 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $149,122 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $16,424 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,646 |
| Fees for services: Accounting | $2,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $404,441 |
| Advertising and promotion | $7,632 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,629 |
| Travel | $2,137 |
| 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 | $5,021 |
| Insurance | $5,790 |
| All other expenses | $0 |
| Total functional expenses | $608,392 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,873 |
| Savings and temporary cash investments | $340,429 |
| 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 | $9,656 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $433,018 |
| Total assets | $815,976 |
| Accounts payable and accrued expenses | $0 |
| 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 | $3,821 |
| Total liabilities | $3,821 |
| Net assets without donor restrictions | $812,155 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $815,976 |