Montgomery County Council For The Arts Inc
- Assets
- $1.8m
- Revenue
- $305.6k
- Investments
- $0.0
- Employees
- 2
- Location
- Mount Sterling, KY
- Founding
- 11/1998
- Data as of
- 06/2021
- EIN
- 61-1224757
Organization Overview
Montgomery County Council For The Arts Inc, operating under the name Gateway Regional Arts Center, is located in Mount Sterling, KY. The organization was established in 1998. 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 06/2021, Gateway Regional Arts Center employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gateway Regional Arts Center 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, Gateway Regional Arts Center generated $305.6k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.6% each year . All expenses for the organization totaled $164.1k during the year ending 06/2021. 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
TO PROMOTE, ENHANCE AND CONTRIBUTE TO THE EDUCATIONAL, ARTISTIC AND CULTURAL LIVESW OF THOSE LIVING IN CENTRAL AND EASTERN KENTUCKY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EVENTS, WORKSHOPS, CLASSES, EVENT SPONSORS, ART SHOP, LITERARY, MUSIC, THEATRE, VISUAL ARTS, SALES OF PRODUCT, START 2, POLAR EXPRESS, FILM SERIES, PROGRAMMING
BUILDING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Crystal Dempsey-Gillum President | Officer | $0 | |
Melissa King President | Officer | $0 | |
Lori Wells Lori Wells | Officer | $0 | |
Jeanette Tesmer Executive Di | Trustee | $0 | |
Josh Ingram Member | $0 | ||
Gus Thomas Vice Preside | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $43,877 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $43,877 |
| Total Program Service Revenue | $29,961 |
| Investment income | $187,175 |
| 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 | $305,582 |
| 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 | $49,127 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $17,171 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,595 |
| Advertising and promotion | $3,946 |
| Office expenses | $23,712 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $50 |
| 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 | $38,530 |
| Insurance | $7,891 |
| All other expenses | $0 |
| Total functional expenses | $164,092 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $60,863 |
| Savings and temporary cash investments | $771,017 |
| 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 | $999,909 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,831,789 |
| Accounts payable and accrued expenses | -$123 |
| 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 | $11,500 |
| Other liabilities | $0 |
| Total liabilities | $11,377 |
| Net assets without donor restrictions | $0 |
| 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 | $1,820,412 |
| Total liabilities and net assets/fund balances | $1,831,789 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Montgomery County Council For The Arts Inc has recieved totaling $21,927.
| Awarding Organization | Amount |
|---|---|
Blue Grass Community Foundation Inc Lexington, KY PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $21,927 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greater Columbus Arts Council Inc Columbus, OH | $9,747,669 | $12,867,365 |
Arts Council Of Indianapolis Inc Indianapolis, IN | $8,597,633 | $5,263,250 |
Mid-America Arts Alliance Kansas City, MO | $12,444,344 | $5,873,119 |
Arts United Of Greater Fort Wayne Fort Wayne, IN | $21,534,301 | $3,773,379 |
Arts Memphis Memphis, TN | $27,136,198 | $4,849,435 |
Regional Cultural & Performing Arts Development Commission St Louis, MO | $5,092,606 | $4,539,915 |
Indiana Humanities Council Inc Indianapolis, IN | $8,992,568 | $3,654,687 |
Arts Commission Of Greater Toledo Inc Toledo, OH | $2,952,895 | $2,261,161 |
The Art League Inc Alexandria, VA | $1,163,966 | $1,385,812 |
Arts & Education Council Of Greater St Louis St Louis, MO | $3,607,788 | $2,239,386 |
Metropolitan Arts Council Of Greater Kansas City Kansas City, MO | $1,490,400 | $2,232,014 |
West Virginia Humanities Council Inc Charleston, WV | $2,418,938 | $2,018,202 |