Center For Contemporary Arts
- Assets
- $783.2k
- Revenue
- $325.4k
- Investments
- $548.4k
- Employees
- 9
- Location
- Abilene, TX
- Founding
- 10/1989
- Data as of
- 09/2021
- EIN
- 75-2290138
Organization Overview
Center For Contemporary Arts is located in Abilene, TX. The organization was established in 1989. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2021, Center For Contemporary Arts employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Center For Contemporary 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 09/2021, Center For Contemporary Arts generated $325.4k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $247.2k during the year ending 09/2021. While expenses have increased by 2.0% per year over the past 6 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 MISSION IS TO PROVIDE ENRICHING AND EDUCATIONAL EXPERIENCES FOR THE COMMUNITIES OF THE REGION THROUGH THE PROMOTION AND SUPPORT OF ARTISTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CENTERS ACTIVITIES INCLUDE; A)THE AVAILABILITY OF EXHIBIT AND STUDIO SPACE FOR LOCAL ARTISTS, B) ARTWALK WHICH IS A MONTHLY DOWNTOWN MINI FESTIVAL HELD IN CONJUNCTION WITH OTHER ART ORGANIZATIONS, C)ARTREACH WHICH TAKES THE VISUAL ARTS INTO FACILITIES FOR DISADVANTAGED AND INCARCERATED YOUTH AND SPECIAL-NEEDS ADULTS. THE CENTER ALSO PROVIDES ART INSTRUCTION ON-SITE FOR TEACHERS AND STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Megan Meaks Executive Director - Part Yea | Officer | 40 | $38,188 |
Michael Derrick Past-President | OfficerTrustee | 1 | $0 |
Scott Kilmer President-Elect | OfficerTrustee | 1 | $0 |
Kathie Walker-Millar Artist Member President | OfficerTrustee | 1 | $0 |
Alex Russell President | OfficerTrustee | 1 | $0 |
Elizabeth Miller Treasuer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $20,059 |
| Fundraising events | $15,195 |
| Related organizations | $0 |
| Government grants | $71,400 |
| All other contributions, gifts, grants, and similar amounts not included above | $139,052 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $245,706 |
| Total Program Service Revenue | $18,970 |
| Investment income | $34,847 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $12,516 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $12,772 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $325,353 |
| 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 | $131,762 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,366 |
| Payroll taxes | $10,649 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,292 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,434 |
| Office expenses | $12,299 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,653 |
| 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 | $1,649 |
| Insurance | $0 |
| All other expenses | $5,699 |
| Total functional expenses | $247,241 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $196,540 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $23,802 |
| 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 | $2,347 |
| Net Land, buildings, and equipment | $12,113 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $548,380 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $783,182 |
| Accounts payable and accrued expenses | $3,267 |
| Grants payable | $0 |
| Deferred revenue | $15,410 |
| 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 | $18,677 |
| Net assets without donor restrictions | $214,915 |
| Net assets with donor restrictions | $549,590 |
| 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 | $783,182 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Center For Contemporary Arts has recieved totaling $63,081.
| Awarding Organization | Amount |
|---|---|
Dian Graves Owen Foundation Abilene, TX PURPOSE: GENERAL SUPPORT | $30,000 |
The Robison Excelsior Foundation Abilene, TX PURPOSE: CHARITABLE | $15,000 |
Pevehouse Family Foundation Inc Midland, TX PURPOSE: OPERATIONAL EXPENSES | $10,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $6,036 |
Barber Foundation Abilene, TX PURPOSE: SUPPORT FOR OPERATIONS | $1,000 |
Massey Fam Charitable Tr Abilene, TX PURPOSE: GENERAL PURPOSES | $1,000 |
Endowment Analysis
| Beg. Balance | $451,091 |
| Earnings | $118,035 |
| Admin Expense | $3,238 |
| Grants | $17,508 |
| Ending Balance | $548,380 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dallas Contemporary Dallas, TX | $3,580,432 | $1,729,811 |
Louisiana Art And Science Museum Inc Baton Rouge, LA | $6,561,733 | $3,010,375 |
Kid Smart New Orleans, LA | $1,431,671 | $1,483,541 |
Glass Control Inc Emp Ben Tr Lubbock, TX | $187,823 | $1,183,121 |
Ballroom Cultural Arts Foundation Marfa, TX | $1,422,501 | $1,165,140 |
Gil And Dody Weaver Foundation Dallas, TX | $0 | $964,218 |
Fotofest Inc Houston, TX | $1,959,929 | $2,155,129 |
Interform Springdale, AR | $499,617 | $931,526 |
Inspiration Point Fine Arts Colony Inc Eureka Springs, AR | $3,726,831 | $2,341,148 |
Dallas Spark Dallas, TX | $494,166 | $779,653 |
Valere B Potter Trust Uw Dallas, TX | $5,062,926 | $695,206 |
Creative Arts Center Of Dallas Dallas, TX | $609,840 | $730,284 |