The Bosque Arts Center
- Assets
- $7.5m
- Revenue
- $412.1k
- Investments
- $0.0
- Employees
- 28
- Location
- Clifton, TX
- Founding
- 09/1981
- Data as of
- 06/2022
- EIN
- 74-2190028
Organization Overview
The Bosque Arts Center is located in Clifton, TX. The organization was established in 1981. 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, Bosque Arts Center employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bosque 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 06/2022, Bosque Arts Center generated $412.1k 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 (12.6%) each year. All expenses for the organization totaled $467.1k 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
THE BOSQUE ARTS CENTER IS A NON-PROFIT COMMUNITY ENTITY DEDICATED TO THE PROMOTION & SUPPORT OF THE PERFORMING & VISUAL ARTS IN BOSQUE COUNTY, TEXAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ART, CRAFTS, PHOTOGRAPHY - PROVIDING CLASSES & WORKSHOPS FOR CREATION & PRODUCTION; SPONSORING EXHIBITS & JUDGED SHOWS TO PROMOTE APPRECIATION OF FINE ARTS. EXPENSES FOR SUPPLIES & INSTRUCTORS.
YOGA, KARATE, BOOK REVIEWS, CHILDREN'S PROGRAMS - PROVIDING CLASSES TO PROMOTE PARTICIPATION IN PERFORMING & CULINARY ARTS. EXPENSES FOR SUPPLIES & INSTRUCTORS.
MUSIC & DRAMA-PRODUCTION OF PLAYS, MUSICAL EVENTS, & CLASSES IN ACTING & DIRECTING TO STIMULATE INTEREST IN & APPRECIATION OF DRAMATIC ARTS & MUSIC. EXPENSES FOR ROYALTIES, PLAYBOOKS, COSTUMES, PROPS, ADVERTISEMENTS, MUSICIANS, & ARRANGEMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leanne Donner President | OfficerTrustee | 1 | $0 |
Blake Holman Treasurer | OfficerTrustee | 0.5 | $0 |
Linda Pfeiffer President-Elect | OfficerTrustee | 0.5 | $0 |
Jean Lewis Davis Secretary | OfficerTrustee | 0.5 | $0 |
Judith Baker Director | Trustee | 0.5 | $0 |
John Linn Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $82,310 |
| Fundraising events | $123,712 |
| Related organizations | $0 |
| Government grants | $158,147 |
| All other contributions, gifts, grants, and similar amounts not included above | $63,040 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $427,209 |
| Total Program Service Revenue | $59,024 |
| Investment income | $82,286 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,725 |
| Net Gain/Loss on Asset Sales | -$213,252 |
| Net Income from Fundraising Events | $52,626 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,433 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $412,110 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $9,500 |
| 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 | $184,561 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,459 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,105 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,593 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,680 |
| Office expenses | $17,521 |
| Information technology | $2,768 |
| Royalties | $0 |
| Occupancy | $29,148 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $32,075 |
| All other expenses | $33,352 |
| Total functional expenses | $467,059 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $457,406 |
| Savings and temporary cash investments | $98,827 |
| 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 | $5,140,908 |
| Investments—publicly traded securities | $1,698,925 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $144,494 |
| Total assets | $7,540,560 |
| Accounts payable and accrued expenses | $7,130 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $7,130 |
| Net assets without donor restrictions | $6,208,286 |
| Net assets with donor restrictions | $1,325,144 |
| 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 | $7,540,560 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Bosque Arts Center has recieved totaling $1,923.
| Awarding Organization | Amount |
|---|---|
Tr Uw Lena S Helm Charitable Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $1,923 |
Endowment Analysis
| Beg. Balance | $1,546,561 |
| Earnings | -$209,732 |
| Admin Expense | $11,685 |
| Ending Balance | $1,325,144 |
Peer Organizations
| 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 |
Us Biennial Inc New Orleans, LA | $1,914,538 | $2,330,262 |
Santa Fe School For The Arts Santa Fe, NM | $4,340,717 | $1,902,890 |
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 |