Rockport Art Association Inc
- Assets
- $13.5m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 8
- Location
- Rockport, TX
- Founding
- 07/1972
- Data as of
- 12/2021
- EIN
- 74-1652612
Organization Overview
Rockport Art Association Inc, operating under the name Rockport Center for the Arts, is located in Rockport, TX. The organization was established in 1972. 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 12/2021, Rockport Center for the Arts employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rockport Center for the Arts 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, Rockport Center for the Arts generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.7% each year . All expenses for the organization totaled $1.2m during the year ending 12/2021. While expenses have increased by 8.3% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE IS TO PROMOTE CULTURAL ENRICHMENT AND ART EDUCATION IN THE COMMUNITY AS A WHOLE AND ESPECIALLY CULTURAL TOURISM, BY ESTABLISHING ROCKPORT AND THE ROCKPORT CENTER FOR THE ARTS AS A MAJOR ART DESTINATION FOR VISITORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ART EDUCATION THROUGH WORKSHOPS, SUMMER YOUTH ART PROGRAM, STUDENT INTERN PROGRAM, ART EDUCATOR CONFERENCE, YEAR ROUND FAMILY ART EDUCATION PROGRAMMING
CULTURAL ENRICHMENT AND PROMOTION OF ARTS THROUGH EXHIBITS, SCULPTURE GARDEN, PERFORMANCES, TOURING ARTIST, VENUE FOR SALES BY ARTISTS AND COLLEGE SCHOLARSHIPS FOR ART MAJORS. CONSTRUCTION OF NEW FACILITIES TO CONTINUE MISSION.
CULTURAL ENRICHMENT AND PROMOTION OF ARTS THROUGH SPECIAL EVENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Luis Puron Executive Director | Officer | 40 | $104,667 |
Rebecca Bridges-Rice President | OfficerTrustee | 1 | $0 |
Tracy Bennett Treasurer | OfficerTrustee | 1 | $0 |
Stan Smith Director | OfficerTrustee | 1 | $0 |
Cisco Willison Secretary | OfficerTrustee | 1 | $0 |
Larry Beavers Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $31,320 |
| Fundraising events | $207,170 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $885,884 |
| Noncash contributions included in lines 1a–1f | $273,264 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,124,374 |
| Total Program Service Revenue | $575,674 |
| Investment income | $36,069 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $47,651 |
| Net Income from Fundraising Events | -$32,119 |
| Net Income from Gaming Activities | $28,549 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,924,520 |
| 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. | $104,667 |
| Compensation of current officers, directors, key employees. | $41,867 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $211,107 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $31,559 |
| Payroll taxes | $24,331 |
| Fees for services: Management | $216,163 |
| Fees for services: Legal | $533 |
| Fees for services: Accounting | $19,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,514 |
| Fees for services: Other | $214,701 |
| Advertising and promotion | $84,169 |
| Office expenses | $9,741 |
| Information technology | $5,875 |
| Royalties | $0 |
| Occupancy | $42,168 |
| Travel | $8,227 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $80 |
| Interest | $2,735 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,415 |
| Insurance | $11,266 |
| All other expenses | $56,962 |
| Total functional expenses | $1,204,629 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $349,178 |
| Savings and temporary cash investments | $128,140 |
| Pledges and grants receivable | $6,373 |
| Accounts receivable, net | $3,703,151 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,450 |
| Prepaid expenses and deferred charges | $22,596 |
| Net Land, buildings, and equipment | $3,924,038 |
| Investments—publicly traded securities | $973,495 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,401,897 |
| Total assets | $13,512,318 |
| Accounts payable and accrued expenses | $434,407 |
| Grants payable | $0 |
| Deferred revenue | $45,484 |
| 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 | $500,000 |
| Other liabilities | $0 |
| Total liabilities | $979,891 |
| Net assets without donor restrictions | $7,738,204 |
| Net assets with donor restrictions | $4,794,223 |
| 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 | $13,512,318 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Rockport Art Association Inc has recieved totaling $198,331.
| Awarding Organization | Amount |
|---|---|
Spirit Of Giving Fund San Antonio, TX PURPOSE: Disaster/Hurricane Harvey | $125,000 |
Barrow Foundation Rockport, TX PURPOSE: UNRESTRICTED GRANT | $42,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $17,500 |
Coastal Bend Community Foundation Corpus Christi, TX PURPOSE: PROGRAM SUPPORT | $8,725 |
Elizabeth Huth Maddux Charitable Foundation San Antonio, TX PURPOSE: UNRESTRICTED | $5,000 |
Shell Oil Company Foundation Houston, TX PURPOSE: MG | $90 |
Endowment Analysis
| Beg. Balance | $482,773 |
| Earnings | $94,162 |
| Admin Expense | $2,607 |
| Ending Balance | $574,328 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arts Council Of Oklahoma City Oklahoma City, OK | $5,417,646 | $3,471,903 |
Acadiana Center For The Arts Lafayette, LA | $2,214,037 | $2,734,982 |
Arts And Humanities Council Of Tulsa Inc Tulsa, OK | $13,547,923 | $1,595,922 |
Arts Council Of New Orleans New Orleans, LA | $1,809,882 | $2,444,435 |
Arts Council Of Greater Baton Rouge Inc Baton Rouge, LA | $4,710,204 | $2,512,753 |
Civic Lubbock Inc Lubbock, TX | $2,399,838 | $1,804,264 |
Artpace Inc San Antonio, TX | $4,747,624 | $2,060,315 |
Shreveport Regional Arts Council Shreveport, LA | $6,655,707 | $1,731,229 |
Rockport Art Association Inc Rockport, TX | $13,512,318 | $1,924,520 |
Odessa Council For The Arts & Humanities Odessa, TX | $326,485 | $1,125,554 |
Arts Council Of Brazos Valley College Station, TX | $3,578,348 | $837,601 |
Brazosport Fine Arts Council Inc Clute, TX | $7,231,625 | $1,825,921 |