Galveston Arts Center Inc
- Assets
- $3.2m
- Revenue
- $424.3k
- Investments
- $0.0
- Employees
- 9
- Location
- Galveston, TX
- Founding
- 01/1987
- Data as of
- 08/2022
- EIN
- 76-0196609
Organization Overview
Galveston Arts Center Inc is located in Galveston, TX. The organization was established in 1987. 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 08/2022, Galveston Arts Center Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Galveston Arts Center Inc 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 08/2022, Galveston Arts Center Inc generated $424.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $593.7k during the year ending 08/2022. 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
ARTS PRESERVATION AND ENHANCEMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISPLAY OF CONTEMPORARY ARTS AND CRAFTS FOR PUBLIC VIEWING AND PURCHASE, EDUCATIONAL CLASSES TEACHING VARIOUS ART SKILLS AND HOSTING SPECIAL EVENTS TO PROMOTE HISTORIC DOWNTOWN GALVESTON.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doug Mclean Past President | OfficerTrustee | 1 | $0 |
Robert Lynch Treasurer | OfficerTrustee | 1 | $0 |
Joan Finn Director | OfficerTrustee | 1 | $0 |
Caroline Jansen Director | Trustee | 2 | $0 |
Carol Bunch Davis Director | Trustee | 1 | $0 |
Vivian Hernandez Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $107,873 |
| All other contributions, gifts, grants, and similar amounts not included above | $226,150 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $334,023 |
| Total Program Service Revenue | $73,681 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,740 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $20 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $424,300 |
| 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 | $209,615 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $17,332 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,085 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $24,006 |
| Office expenses | $1,849 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,323 |
| 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 | $97,978 |
| Insurance | $48,677 |
| All other expenses | $95,191 |
| Total functional expenses | $593,720 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,595 |
| Savings and temporary cash investments | $125,139 |
| 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 | $3,029,669 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,195,403 |
| 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 | $5,267 |
| Total liabilities | $5,267 |
| Net assets without donor restrictions | -$208,495 |
| Net assets with donor restrictions | $3,398,631 |
| 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 | $3,195,403 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Galveston Arts Center Inc has recieved totaling $70,063.
| Awarding Organization | Amount |
|---|---|
Moody Foundation Galveston, TX PURPOSE: CULTIVATING CREATIVITY: CONTEMPORARY ART FOR GALVESTON | $35,000 |
Brown Foundation Inc Houston, TX PURPOSE: OPERATING SUPPORT | $30,000 |
Trube Foundation Galveston, TX PURPOSE: HISTORIC ART THEATER | $2,000 |
Alice Taylor Gray Foundation Galveston, TX PURPOSE: GENERAL SUPPORT | $2,000 |
Daniel K Thorne Foundation Inc Georges Mills, NH PURPOSE: GENERAL SUPPORT (UNRESTRICTED) | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $63 |
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 |