Port Aransas Art Center
- Assets
- $1.2m
- Revenue
- $205.9k
- Investments
- $0.0
- Employees
- 1
- Location
- Port Aransas, TX
- Founding
- 04/1997
- Data as of
- 12/2021
- EIN
- 74-2782537
Organization Overview
Port Aransas Art Center is located in Port Aransas, TX. The organization was established in 1997. According to its NTEE Classification (A51) the organization is classified as: Art Museums, 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. Port Aransas Art 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 12/2021, Port Aransas Art Center generated $205.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $188.6k during the year ending 12/2021. 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
TO PROVIDE A PLACE WHERE ARTISTS AND ART PATRONS MAY GATHER TO ENCOURAGE, EDUCATE AND SUPPORT ONE ANOTHER IN A PLEASANT ATMOSPHERE. ARTISTS FROM ALL OVER TEXAS AS WELL AS OUT-OF-STATE VISITORS ENJOY DISPLAYING ART AND OFFER ARTISTIC INSTRUCTION TO THE PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE A PLACE WHERE ARTISTS AND ART PATRONS MAY GATHER TO ENCOURAGE, EDUCATE AND SUPPORT ONE ANOTHER IN A PLEASANT ATMOSPHERE. ARTISTS FROM ALL OVER TEXAS AS WELL AS OUT-OF-STATE VISITORS ENJOY DISPLAYING ART AND OFFER ARTISTIC INSTRUCTION TO THE PUBLIC.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rosanne Milroy President | Officer | 1 | $0 |
Gary Kosmas Vice President | Officer | 1 | $0 |
Debra Greenway Secretary | Officer | 1 | $0 |
Bobbie Mussett Treasurer | Officer | 1 | $0 |
Gayle Abernethy Director | Trustee | 1 | $0 |
Janet Dineen Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $10,385 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $63,618 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $74,003 |
| Total Program Service Revenue | $16,614 |
| Investment income | $100 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $11,815 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $103,369 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $205,901 |
| 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. | $11,476 |
| Compensation of current officers, directors, key employees. | $11,476 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $27,182 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $685 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $21,987 |
| Office expenses | $1,916 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $46,601 |
| 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 | $25,385 |
| Insurance | $12,267 |
| All other expenses | $0 |
| Total functional expenses | $188,606 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $78,296 |
| Savings and temporary cash investments | $89,403 |
| 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 | $1,024,903 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,192,602 |
| Accounts payable and accrued expenses | $0 |
| 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 | $928,657 |
| Total liabilities | $928,657 |
| Net assets without donor restrictions | $263,945 |
| 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 | $1,192,602 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Port Aransas Art Center has recieved totaling $34.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $34 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Crystal Bridges Museum Of American Art Inc Bentonville, AR | $1,732,386,844 | $177,931,616 |
Dallas Museum Of Art Dallas, TX | $327,815,938 | $26,890,508 |
Menil Foundation Inc Houston, TX | $910,076,505 | $43,342,663 |
Amon Carter Museum Of Western Art Fort Worth, TX | $91,879,509 | $15,302,046 |
New Orleans Museum Of Art New Orleans, LA | $108,237,578 | $12,278,324 |
San Antonio Museum Of Art San Antonio, TX | $94,200,252 | $14,610,399 |
Nasher Sculpture Center Dallas, TX | $5,120,886 | $11,192,016 |
Mcnay Art Museum San Antonio, TX | $88,824,083 | $12,922,550 |
Philbrook Museum Of Art Inc Tulsa, OK | $69,878,004 | $10,854,241 |
Georgia Okeeffe Museum Santa Fe, NM | $164,315,725 | $8,795,076 |
Nasher Foundation 101796 Forney, TX | $126,332,669 | $7,023,937 |
Contemporary Austin Museum Inc Austin, TX | $24,172,925 | $7,689,663 |