Photoworks Inc
- Assets
- $162.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Glen Echo, MD
- Founding
- 08/2003
- Data as of
- 12/2021
- EIN
- 65-1178064
Organization Overview
Photoworks Inc is located in Glen Echo, MD. The organization was established in 2003. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Photoworks 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 12/2021, Photoworks Inc generated $97.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.5%) each year. All expenses for the organization totaled $118.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
EDUCATION CLASSES FOR INDIVIDUALS INTERESTED IN THE VISUAL ARTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
K Keating Executive Director | 10 | $14,082 | |
A Walker Treasurer | 6 | $0 | |
D Myers President | 1 | $0 | |
G Rothschild Exhibit Director | 5 | $0 | |
E Whiting Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,811 |
| Total Program Service Revenue | $57,652 |
| Membership dues | $0 |
| Investment income | $1,987 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $97,679 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $14,082 |
| Professional fees and other payments to independent contractors | $33,415 |
| Occupancy, rent, utilities, and maintenance | $42,433 |
| Printing, publications, postage, and shipping | $574 |
| Other expenses | $28,026 |
| Total expenses | $118,530 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $112,753 |
| Other assets | $0 |
| Total assets | $162,519 |
| Total liabilities | $0 |
| Net assets or fund balances | $162,519 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Photoworks Inc has recieved totaling $17,850.
| Awarding Organization | Amount |
|---|---|
Arts And Humanities Council Of Montgomery County In Silver Spring, MD PURPOSE: GENERAL OPERATING SUPPORT | $17,500 |
Evergreen Foundation Inc Chevy Chase, MD PURPOSE: GENERAL FUND | $250 |
Feldman Charitable Foundation Belleville, NJ PURPOSE: FOR RELIGIOUS, MEDICAL,EDUCATIONAL OR OTHER CHARITABLE | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Glenstone Foundation Potomac, MD | $0 | $596,667,510 |
Textile Rental Services Association Of America Inc Alexandria, VA | $12,660,390 | $5,781,606 |
Conservation Center For Art And Historic Artifacts Philadelphia, PA | $4,515,696 | $3,186,711 |
Virginia Museum Of Contemporary Art Virginia Beach, VA | $2,164,198 | $3,254,466 |
Clay Studio Philadelphia, PA | $16,944,971 | $9,873,164 |
Manchester Craftsmens Guild Pittsburgh, PA | $15,522,345 | $4,460,670 |
Unite Local 10 & Textile Maint Ind Philadelphia & Vicinity Welfare Philadelphia, PA | $3,000,579 | $1,742,913 |
Pittsburgh Glass Center Inc Pittsburgh, PA | $6,794,843 | $3,874,545 |
Life Pieces To Masterpieces Washington, DC | $694,672 | $1,837,950 |
Friends Of Southwest Virginia Abingdon, VA | $1,122,100 | $1,695,532 |
Virginia Center For The Creative Arts Amherst, VA | $8,632,012 | $1,792,927 |
1hood Media Academy Pittsburgh, PA | $1,967,840 | $1,856,214 |