Tear Cap Workshops
- Assets
- $283.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Hiram, ME
- Founding
- 07/2016
- Data as of
- 12/2022
- EIN
- 81-2146981
Organization Overview
Tear Cap Workshops is located in Hiram, ME. The organization was established in 2016. According to its NTEE Classification (A25) the organization is classified as: Arts Education, 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. Tear Cap Workshops 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 12/2022, Tear Cap Workshops generated $121.9k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $80.8k during the year ending 12/2022. While expenses have increased by 3.2% per year over the past 5 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
TEAR CAP WORKSHOPS SEEKS TO UNLEASH CREATIVE PURSUITS IN ALL PEOPLE THROUGH HANDS-ON WORKSHOPS, CLASSES, EDUCATIONAL EVENTS, INTERNSHIPS AND VOLUNTEER OPPORTUNITIES. WE ALSO HOPE TO NURTURE THE DEVELOPMENT AND SUCCESS OF ARTISTS, CRAFTSPEOPLE, AND SMALL CREATIVE BUSINESSES BY OFFERING AFFORDABLE, AESTHETIC AND INSPIRING RENTAL SPACES WITHIN THIS COMMUNITY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sally Dunning President | 0.5 | $0 | |
Michael Buonaiuto Vice President | 1 | $0 | |
Eve Abreu Director | 0.5 | $0 | |
Scott Finlayson Treasurer | 1 | $0 | |
Lauren Gould Director | 0.5 | $0 | |
John Bowen Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $85,867 |
| Total Program Service Revenue | $35,988 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $121,855 |
| 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 | $707 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $1,936 |
| Other expenses | $78,165 |
| Total expenses | $80,808 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $29,288 |
| Other assets | $0 |
| Total assets | $283,417 |
| Total liabilities | $128,427 |
| Net assets or fund balances | $154,990 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Tear Cap Workshops has recieved totaling $12,500.
| Awarding Organization | Amount |
|---|---|
Maine Community Foundation Inc Ellsworth, ME PURPOSE: Arts & Culture | $10,000 |
Arbella Insurance Foundation Inc Boston, MA PURPOSE: UNRESTRICTED OPERATING FUNDS | $1,500 |
Simmons Foundation Inc Portland, ME PURPOSE: RENT-A-BENCHPROGRAM | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Gallery Inc Lebanon, NH | $6,063,802 | $1,233,461 |
Cobscook Community Learning Center Trescott, ME | $3,718,978 | $1,225,738 |
Waterfall Arts Belfast, ME | $1,786,226 | $827,974 |
Arts In Reach-Encouraging Growth Through The Arts Portsmouth, NH | $413,495 | $458,459 |
Fiddlehead Center For The Arts Scarborough, ME | $112,291 | $267,546 |
Peacock Players Inc Nashua, NH | $365,140 | $189,037 |
Celebration Barn Theater South Paris, ME | $618,112 | $274,113 |
Illustration Institute Portland, ME | $1,033,085 | $146,402 |
Bridgton Art Guild Inc Bridgton, ME | $81,166 | $133,191 |
North Country Studio Workshops Inc North Hampton, NH | $164,810 | $0 |
Littleton Studio School Littleton, NH | $134,274 | $0 |
La Arts Lewiston, ME | $253,734 | $173,144 |