Rose Center And Council For The Arts Inc
- Assets
- $813.1k
- Revenue
- $367.9k
- Investments
- $0.0
- Employees
- 3
- Location
- Morristown, TN
- Founding
- 05/1977
- Data as of
- 06/2022
- EIN
- 62-0978968
Organization Overview
Rose Center And Council For The Arts Inc is located in Morristown, TN. The organization was established in 1977. 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 06/2022, Rose Center And Council For The Arts Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rose Center And Council For The 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, Rose Center And Council For The Arts Inc generated $367.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $261.4k during the year ending 06/2022. 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
EDUCATIONAL AND CULTURAL ARTS CENTER
Describe the Organization's Program Activity:
Part 3 - Line 4a
ROSE CENTER AND COUNCIL FOR THE ARTS, INC. FULFILLS ITS MISSION BY SERVING THE COMMUNITY AS A CULTURAL ARTS CENTER, HISTORICAL MUSEUM, AND EDUCATIONAL FACILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebecca Hamm Executive Director | Officer | 40 | $45,500 |
Hugh Clement Treasurer | OfficerTrustee | 1 | $0 |
Kaye Schwalb Vice Chair | OfficerTrustee | 1 | $0 |
Jordan Leach Chair | OfficerTrustee | 1 | $0 |
Anne Ross Secretary | OfficerTrustee | 1 | $0 |
Kim Fox Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $6,895 |
| Membership dues | $7,020 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $153,211 |
| All other contributions, gifts, grants, and similar amounts not included above | $60,790 |
| Noncash contributions included in lines 1a–1f | $4,890 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $227,916 |
| Total Program Service Revenue | $125,902 |
| Investment income | $1,146 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $955 |
| Net Income from Fundraising Events | $11,964 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $367,883 |
| 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. | $50,500 |
| Compensation of current officers, directors, key employees. | $20,200 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $34,634 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,240 |
| Payroll taxes | $6,468 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,509 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,640 |
| Office expenses | $11,583 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $54,937 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $464 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $36,466 |
| Insurance | $4,861 |
| All other expenses | $8,866 |
| Total functional expenses | $261,407 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $179,016 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $117,917 |
| 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 | $367,981 |
| Investments—publicly traded securities | $108,775 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $39,400 |
| Total assets | $813,089 |
| Accounts payable and accrued expenses | $10,427 |
| Grants payable | $0 |
| Deferred revenue | $9,575 |
| 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 | $10,125 |
| Other liabilities | $0 |
| Total liabilities | $30,127 |
| Net assets without donor restrictions | $669,437 |
| Net assets with donor restrictions | $113,525 |
| 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 | $813,089 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Rose Center And Council For The Arts Inc has recieved totaling $14,121.
| Awarding Organization | Amount |
|---|---|
United Way Of Hamblen County Morristown, TN PURPOSE: FUND OPERATIONS | $14,121 |
Endowment Analysis
| Beg. Balance | $110,192 |
| Earnings | -$11,994 |
| Admin Expense | $1,343 |
| Ending Balance | $96,855 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Walton Arts Center Council Inc Fayetteville, AR | $96,355,253 | $44,644,953 |
Mid-America Arts Alliance Kansas City, MO | $12,444,344 | $5,873,119 |
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 |
Arts Council Incorporated Winston-Salem Arts Council Winstonsalem, NC | $15,705,377 | $2,746,354 |
Arts Council Inc Huntsville, AL | $1,324,347 | $2,576,236 |
North Carolina Humanities Council Charlotte, NC | $2,197,159 | $2,458,418 |
Arts Council Of Fayetteville Fayetteville, NC | $3,779,003 | $2,578,724 |
United Arts Council Of Raleigh And Wake County Inc Raleigh, NC | $1,299,106 | $2,647,753 |
The Art League Inc Alexandria, VA | $1,163,966 | $1,385,812 |
Durham Arts Council Inc Durham, NC | $657,218 | $2,110,368 |
Arts & Education Council Of Greater St Louis St Louis, MO | $3,607,788 | $2,239,386 |