Arrowmont School Of Arts And Crafts
- Assets
- $49.3m
- Revenue
- $9.0m
- Investments
- $301.5k
- Employees
- 47
- Location
- Gatlinburg, TN
- Founding
- 08/1992
- Data as of
- 12/2022
- EIN
- 58-2007394
Organization Overview
Arrowmont School Of Arts And Crafts is located in Gatlinburg, TN. The organization was established in 1992. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Arrowmont School Of Arts And Crafts employed 47 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arrowmont School Of Arts And Crafts 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, Arrowmont School Of Arts And Crafts generated $9.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 17.2% each year . All expenses for the organization totaled $5.2m during the year ending 12/2022. While expenses have increased by 7.5% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ARROWMONT IS A NATIONAL ART EDUCATION CENTER THAT IS DEVOTED (CONTINUED ON P. 47 ON SCHEDULE O) TO THE ENCOURAGEMENT, EDUCATION AND UNDERSTANDING OF EXCELLENCE IN CREATIVE ARTS AND CRAFTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2022, THE HISTORIC CAMPUS OF THE ARROWMONT SCHOOL OF ARTS AND CRAFTS MARKED ITS 110TH YEAR AS A PLACE OF EDUCATION. THE SPIRIT OF THIS HERITAGE PERMEATES THE GROUNDS, BUILDINGS AND EVEN THE MOUNTAIN AIR. THE EARLY YEARS WERE ABOUT GENERAL EDUCATION IN A SETTLEMENT SCHOOL SETTING, BUT CURRICULUM WAS SOON ADDED IN MOUNTAIN HANDICRAFTS TO PRESERVE SKILLS AND PROVIDE VEHICLES OF LIVELIHOOD FOR AREA RESIDENTS. SEE SCHEDULE O FOR PROGRAM SERVICE ACCOMPLISHMENTS CONTINUATION.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Trudy Hughes Chief Executive Officer | OfficerTrustee | 40 | $166,009 |
Steve Gottlieb President - Board Of Gover | OfficerTrustee | 1 | $0 |
Barbara Bullard Vice President - Board Of | OfficerTrustee | 1 | $0 |
Janet Harper Secretary - Board Of Gover | OfficerTrustee | 1 | $0 |
Shirley Hogan Treasurer - Board Of Gover | OfficerTrustee | 1 | $0 |
Rb Summitt II Member - Board Of Governor | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $195,948 |
| Related organizations | $0 |
| Government grants | $2,070,901 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,744,599 |
| Noncash contributions included in lines 1a–1f | $81,701 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,011,448 |
| Total Program Service Revenue | $1,840,791 |
| Investment income | $812,051 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $59,917 |
| Net Gain/Loss on Asset Sales | $2,277,749 |
| Net Income from Fundraising Events | -$36,891 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $48,659 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,014,224 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $381,966 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $300,740 |
| Compensation of current officers, directors, key employees. | $136,825 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,552,036 |
| Pension plan accruals and contributions | $37,082 |
| Other employee benefits | $132,544 |
| Payroll taxes | $131,763 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,217 |
| Fees for services: Accounting | $32,075 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $29,812 |
| Fees for services: Other | $160,145 |
| Advertising and promotion | $41,146 |
| Office expenses | $101,376 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $298,615 |
| Travel | $192,964 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $82,714 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $599,195 |
| Insurance | $130,655 |
| All other expenses | $35,555 |
| Total functional expenses | $5,192,726 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,408,358 |
| Savings and temporary cash investments | $3,790,723 |
| Pledges and grants receivable | $23,500 |
| Accounts receivable, net | $8,139 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $64,251 |
| Prepaid expenses and deferred charges | $32,978 |
| Net Land, buildings, and equipment | $10,421,295 |
| Investments—publicly traded securities | $25,559,640 |
| Investments—other securities | $301,536 |
| Investments—program-related | $3,363,473 |
| Intangible assets | $0 |
| Other assets | $305,931 |
| Total assets | $49,279,824 |
| Accounts payable and accrued expenses | $281,323 |
| Grants payable | $0 |
| Deferred revenue | $130,968 |
| 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 | $23,147 |
| Total liabilities | $435,438 |
| Net assets without donor restrictions | $24,024,452 |
| Net assets with donor restrictions | $24,819,934 |
| 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 | $49,279,824 |