Fort Smith Art Center Inc is located in Fort Smith, AR. The organization was established in 1959. 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 06/2022, Fort Smith Art Center Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fort Smith Art Center 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, Fort Smith Art Center Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $883.3k during the year ending 06/2022. While expenses have increased by 9.3% per year over the past 7 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
THE FORT SMITH ART CENTER IS ESTABLISHED TO FOSTER ART APPRECIATION IN THE COMMUNITY THROUGH DIVERSE EXHIBITIONS, EDUCATIONSAL PROGRAMMING, DYNAMIC EVENTS, AND CULTURAL PARTNERSHIPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FORT SMITH ART CENTER IS ESTABLISHED TO FOSTER ART APPRECIATION IN THE COMMUNITY THROUGH DIVERSE EXHIBITIONS, EDUCATIONAL PROGRAMMING, DYNAMIC EVENTS, AND CULTURAL PARTNERSHIPS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
George Beattie Treasurer | OfficerTrustee | 1 | $0 |
Jackie Krutsch President | OfficerTrustee | 1 | $0 |
Lois Novicki Secretary | OfficerTrustee | 1 | $0 |
Sandy Sanders Vice Preside | OfficerTrustee | 1 | $0 |
Mireille Belinga Director | Trustee | 1 | $0 |
Robin Westphal Clegg Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $59,223 |
All other contributions, gifts, grants, and similar amounts not included above | $1,340,726 |
Noncash contributions included in lines 1a–1f | $698,400 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,399,949 |
Total Program Service Revenue | $67,222 |
Investment income | $4,597 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $214 |
Net Income from Fundraising Events | $483 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,507,880 |
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 | $334,997 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $42,048 |
Payroll taxes | $26,984 |
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 | $0 |
Advertising and promotion | $63,904 |
Office expenses | $4,215 |
Information technology | $25,850 |
Royalties | $0 |
Occupancy | $89,195 |
Travel | $4,296 |
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 | $128,400 |
Insurance | $27,182 |
All other expenses | $23,704 |
Total functional expenses | $883,250 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $135,153 |
Savings and temporary cash investments | $115,068 |
Pledges and grants receivable | $487,947 |
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 | $704,564 |
Prepaid expenses and deferred charges | $238 |
Net Land, buildings, and equipment | $2,471,395 |
Investments—publicly traded securities | $704,516 |
Investments—other securities | $43,504 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $315,464 |
Total assets | $4,977,849 |
Accounts payable and accrued expenses | $22,873 |
Grants payable | $0 |
Deferred revenue | $13,622 |
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 | $0 |
Total liabilities | $36,495 |
Net assets without donor restrictions | $4,941,354 |
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 | $0 |
Total liabilities and net assets/fund balances | $4,977,849 |
Over the last fiscal year, we have identified 4 grants that Fort Smith Art Center Inc has recieved totaling $475,980.
Awarding Organization | Amount |
---|---|
Arkansas Community Foundation Inc Little Rock, AR PURPOSE: GENERAL OPERATING SUPPORT | $118,995 |
Arkansas Community Foundation Inc Little Rock, AR PURPOSE: GENERAL OPERATING SUPPORT | $118,995 |
Arkansas Community Foundation Inc Little Rock, AR PURPOSE: GENERAL OPERATING SUPPORT | $118,995 |
Arkansas Community Foundation Inc Little Rock, AR PURPOSE: GENERAL OPERATING SUPPORT | $118,995 |
Organization Name | Assets | Revenue |
---|---|---|
Art Bridges Inc Fort Worth, TX | $0 | $357,485,765 |
Big Thought Dallas, TX | $5,164,665 | $9,225,791 |
Southwest School Of Art San Antonio, TX | $10,498,026 | -$15,382,277 |
Fab Lab Tulsa Inc Tulsa, OK | $905,994 | $2,260,190 |
Young Audiences Of Louisiana Inc New Orleans, LA | $2,693,862 | $4,571,020 |
Arrowmont School Of Arts And Crafts Gatlinburg, TN | $53,053,900 | $4,804,249 |
Us Biennial Inc New Orleans, LA | $1,914,538 | $2,330,262 |
Oklahoma Arts Institute Oklahoma City, OK | $2,532,394 | $1,383,952 |
Community Works Of Louisiana New Orleans, LA | $370,788 | $1,210,221 |
Multicultural Education And Counseling Through The Arts Houston, TX | $4,644,101 | $2,037,486 |
School Of Design New Orleans, LA | $1,895,558 | $1,072,625 |
Youth Oasis Baton Rouge, LA | $394,453 | $1,019,110 |