Southwestern Watercolor Society
- Assets
- $158.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 03/1986
- Data as of
- 05/2024
- EIN
- 75-6049048
Organization Overview
Southwestern Watercolor Society is located in Dallas, TX. The organization was established in 1986. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, 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. Southwestern Watercolor Society 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 05/2024, Southwestern Watercolor Society generated $98.4k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 22.9% each year . All expenses for the organization totaled $71.3k during the year ending 05/2024. While expenses have increased by 5.3% per year over the past 3 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dalynn Montgomery President | 20 | $0 | |
Constance Corbett Workshop Coordinator | 10 | $0 | |
Kay Byfield Member Exhibition Chairperson | 15 | $0 | |
Gail Chandler Class Coordinator | 5 | $0 | |
Cheryl Sonsteby Treasurer | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,750 |
| Total Program Service Revenue | $57,960 |
| Membership dues | $5,164 |
| Investment income | $3,632 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $765 |
| Total Revenue | $98,436 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $20,531 |
| Occupancy, rent, utilities, and maintenance | $16,721 |
| Printing, publications, postage, and shipping | $6,003 |
| Other expenses | $28,057 |
| Total expenses | $71,312 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $158,433 |
| Other assets | $0 |
| Total assets | $158,758 |
| Total liabilities | $17,803 |
| Net assets or fund balances | $140,955 |