Arts Power Inc
- Assets
- $138.0k
- Revenue
- $324.0k
- Investments
- $0.0
- Employees
- 3
- Location
- Cedar Grove, NJ
- Founding
- 05/1993
- Data as of
- 06/2021
- EIN
- 59-2292246
Organization Overview
Arts Power Inc is located in Cedar Grove, NJ. The organization was established in 1993. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Arts Power Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arts Power 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 06/2021, Arts Power Inc generated $324.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (18.5%) each year. All expenses for the organization totaled $226.3k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (22.0%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PRIMARY MISSION OF ARTSPOWER IS TO IMPROVE THE LIVES OF YOUNG PEOPLE WITH COMPELLING, LITERATURE-BASED, PROFESSIONAL THEATRE THAT CHALLENGES THEIR INTELLECT, ENCOURAGES COMPASSION AND UNDERSTANDING AND IGNITES THEIR DESIRE TO READ.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROFESSIONAL MUSICAL AND DRAMATIC THEATRE PERFORMANCES FOR YOUNG FAMILY AUDIENCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Blackman Co Director | OfficerTrustee | 40 | $12,300 |
Gary Blackman Co Director | OfficerTrustee | 40 | $10,900 |
Stuart Liebman Board Presid | Trustee | $0 | |
Jodi Nussbaum Trustee | Trustee | $0 | |
Robert Adleman Trustee | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $174,540 |
| All other contributions, gifts, grants, and similar amounts not included above | $58,617 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $233,157 |
| Total Program Service Revenue | $76,112 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $324,016 |
| 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. | $23,200 |
| Compensation of current officers, directors, key employees. | $6,496 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $34,085 |
| Pension plan accruals and contributions | $300 |
| Other employee benefits | $0 |
| Payroll taxes | $6,844 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $43,906 |
| Advertising and promotion | $5,162 |
| Office expenses | $15,067 |
| Information technology | $0 |
| Royalties | $9,926 |
| Occupancy | $31,892 |
| Travel | $181 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,754 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,355 |
| Insurance | $17,259 |
| All other expenses | $1,489 |
| Total functional expenses | $226,281 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $78,360 |
| Savings and temporary cash investments | $0 |
| 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 | $2,296 |
| Net Land, buildings, and equipment | $53,092 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,300 |
| Total assets | $138,048 |
| Accounts payable and accrued expenses | $71,690 |
| Grants payable | $0 |
| Deferred revenue | $35,000 |
| 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 | $101,772 |
| Other liabilities | $0 |
| Total liabilities | $208,462 |
| Net assets without donor restrictions | -$102,664 |
| Net assets with donor restrictions | $32,250 |
| 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 | $138,048 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Arts Power Inc has recieved totaling $35,000.
| Awarding Organization | Amount |
|---|---|
Shubert Foundation Inc New York, NY PURPOSE: GENERAL OPERATING | $15,000 |
Princeton Area Community Foundation Inc Lawrenceville, NJ PURPOSE: New Jersey Arts and Culture Recovery Fund Grant Ap | $14,000 |
C-T W L P Schenck Charitable Pittsburgh, PA PURPOSE: MAKING OUR VOICES HEARD | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kimmel Center Inc Philadelphia, PA | $245,953,445 | $41,081,924 |
Brooklyn Academy Of Music Inc Brooklyn, NY | $168,013,887 | $29,572,079 |
South Street Theater Co Inc Morristown, NJ | $25,009,095 | $16,372,684 |
Bric Arts Media Bklyn Inc Brooklyn, NY | $22,086,824 | $12,315,164 |
The Apollo Theater Foundation Inc New York, NY | $69,978,827 | $33,324,849 |
Joshua M Freeman Foundation Selbyville, DE | $7,026,329 | $10,885,831 |
Performing Arts Consultants Inc Brick, NJ | $2,328,922 | $7,486,685 |
Shen Yun Performing Arts Inc Cuddebackville, NY | $196,627,077 | $30,836,971 |
Foundation For Contemporary Arts Inc New York, NY | $44,020,214 | $7,582,108 |
Delaware College Of Art And Design Wilmington, DE | $12,063,919 | $5,103,900 |
National Comedy Center Operator Inc Jamestown, NY | $24,581,570 | $2,926,105 |
World Trade Center Performing Arts Center Inc New York, NY | $505,865,812 | $148,493,145 |