Mid Atlantic Arts Inc
- Assets
- $13.6m
- Revenue
- $13.4m
- Investments
- $0.0
- Employees
- 17
- Location
- Baltimore, MD
- Founding
- 03/1980
- Data as of
- 06/2022
- EIN
- 52-1169382
Organization Overview
Mid Atlantic Arts Inc is located in Baltimore, MD. The organization was established in 1980. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Mid Atlantic Arts Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mid Atlantic Arts 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, Mid Atlantic Arts Inc generated $13.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 28.5% each year . All expenses for the organization totaled $6.0m during the year ending 06/2022. While expenses have increased by 8.2% 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.
Since 2015, Mid Atlantic Arts Inc has awarded 986 individual grants totaling $12,562,756. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
MID ATLANTIC ARTS NURTURES AND FUNDS THE CREATION AND PRESENTATION OF DIVERSE ARTISTIC EXPRESSION AND CONNECTS PEOPLE TO MEANINGFUL ARTS EXPERIENCES WITHIN OUR REGION AND BEYOND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESENTING, TOURING & EXHIBITING - PRESENTING, TOURING AND EXHIBITING STABLE TOURING ENGAGEMENTS FOR ARTISTS BOTH WITHIN OUR REGION AND INTERNATIONALLY, AND GIVE COMMUNITIES HIGH QUALITY, AND VARIED ARTISTIC EXPERIENCES. THE PROGRAMS BUILD AUDIENCES FOR ARTISTS AND PROVIDE OPPORTUNITIES FOR GREATER UNDERSTANDING AND APPRECIATION OF THE ARTS THROUGHOUT THE MID-ATLANTIC AND THE WORLD.
ARTIST FELLOWSHIPS, PROJECTS & RESIDENCES - MID ATLANTIC ARTS, INC. DEVELOPS PARTNERSHIPS AND PROGRAMS THAT REINFORCE ARTISTS' CAPACITY TO CREATE AND PRESENT WORK, AND ADVANCE ACCESS TO AND PARTICIPATION IN THE ARTS.
RELIEF AND RECOVERY - INCLUDES FUNDS PROVIDED BY FEDERAL AND PRIVATE PARTNERS TO PROVIDE SUPPORT TO NONPROFIT ARTS ORGANIZATIONS IN THE MID-ATLANTIC REGION THAT HAVE BEEN IMPACTED BY THE COVID19 PANDEMIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hal Real Chair | OfficerTrustee | 2 | $0 |
Barbara Bershon Vice Chair | OfficerTrustee | 2 | $0 |
J Mack Wathen Treasurer | OfficerTrustee | 2 | $0 |
Margaret G Vanderhye Secretary | OfficerTrustee | 2 | $0 |
Vernon Araujo Director | Trustee | 1 | $0 |
Romona Riscoe Benson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $25,000 |
| Related organizations | $0 |
| Government grants | $5,195,921 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,177,102 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,398,023 |
| Total Program Service Revenue | $0 |
| Investment income | $37,471 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$58,314 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,407,580 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,944,319 |
| Grants and other assistance to domestic individuals. | $945,575 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $300,565 |
| Compensation of current officers, directors, key employees. | $97,502 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $696,895 |
| Pension plan accruals and contributions | $34,351 |
| Other employee benefits | $129,619 |
| Payroll taxes | $65,431 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,501 |
| Fees for services: Accounting | $5,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $419,517 |
| Advertising and promotion | $0 |
| Office expenses | $164,125 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $102,579 |
| Travel | $12,287 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $58,186 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,685 |
| Insurance | $16,323 |
| All other expenses | $12,205 |
| Total functional expenses | $5,973,468 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,853,575 |
| Savings and temporary cash investments | $1,720,299 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,419,121 |
| 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 | $54,084 |
| Net Land, buildings, and equipment | $73,387 |
| Investments—publicly traded securities | $1,465,674 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $33,734 |
| Total assets | $13,619,874 |
| Accounts payable and accrued expenses | $156,838 |
| Grants payable | $2,849,819 |
| Deferred revenue | $467,856 |
| 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 | $39,209 |
| Total liabilities | $3,513,722 |
| Net assets without donor restrictions | $10,019,740 |
| Net assets with donor restrictions | $86,412 |
| 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 | $13,619,874 |
Grants Awarded
Over the last fiscal year, Mid Atlantic Arts Inc has awarded $2,934,319 in support to 252 organizations.
| Grant Recipient | Amount |
|---|---|
1HOOD MEDIA ACADEMY TOTAL PURPOSE: RELIEF AND RECOVERY | $9,500 |
ABRAHAM IN MOTION INC TOTAL PURPOSE: PERFORMING ARTS PRESENTING AND TOURING; RELIEF AND RECOVERY | $25,700 |
AFRO-LATIN JAZZ ALLIANCE OF NEW YORK INC TOTAL PURPOSE: RELIEF AND RECOVERY | $9,500 |
AL-BUSTAN SEEDS OF CULTURE TOTAL PURPOSE: RELIEF AND RECOVERY | $9,500 |
ACCESS VIRGINIA TOTAL PURPOSE: RELIEF AND RECOVERY | $9,500 |
AMERICAN CONSERVATION FILM FESTIVAL INC TOTAL PURPOSE: RELIEF AND RECOVERY | $9,500 |