Caroga Arts Collective Inc
- Assets
- $2.6m
- Revenue
- $966.3k
- Investments
- $0.0
- Employees
- 3
- Location
- Caroga Lake, NY
- Founding
- 07/2016
- Data as of
- 09/2023
- EIN
- 81-2778740
Organization Overview
Caroga Arts Collective Inc is located in Caroga Lake, NY. The organization was established in 2016. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2023, Caroga Arts Collective Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Caroga Arts Collective 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 09/2023, Caroga Arts Collective Inc generated $966.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.3% each year . All expenses for the organization totaled $827.6k during the year ending 09/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION SEEKS TO BRING TOGETHER MUSICIANS, ARTISTS, SCHOLARS AND THE COMMUNITY TO COLLABORATE ACROSS FIELDS AND GENRES ON INTER-DISCIPLINARY PROJECTS. CAROGA ARTS COLLECTIVE, INC. FOCUSES ON REVITALIZING LOCAL CULTURE AND LIFE THROUGH PROVIDING UNIQUE EXPERIENCES VIA COLLABORATIVE PERFORMANCES,EXHIBITS, COMMUNITY OUTREACH EVENTS AND ADULT/YOUTH EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSICIAL, ARTISTIC, SCHOLARLY AND COMMUNITY ACTIONS TO REVITALIZE LOCAL CULTURE AND LIFE THROUGH PROVIDING UNIQUE EXPERIENCES VIA COLLABORATIVE PERFORMANCES, EXHIBITS, COMMUNITY OUTREACH EVENTS AND ADULT/YOUTH EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Ruby Sr Chair | OfficerTrustee | 4 | $0 |
Christopher Simon Vice Chair | OfficerTrustee | 4 | $0 |
Thomas Flynn Treasurer | OfficerTrustee | 4 | $0 |
Barbara Lee Secretary | OfficerTrustee | 4 | $0 |
William Crankshaw Director | Trustee | 2 | $0 |
Don Cropsey Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $592,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $602,000 |
| Total Program Service Revenue | $274,910 |
| Investment income | $11,955 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $75,951 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $966,269 |
| 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. | $119,000 |
| Compensation of current officers, directors, key employees. | $13,100 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $25,988 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $34,371 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,400 |
| Fees for services: Accounting | $45,876 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $14,271 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $79,128 |
| Travel | $3,012 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,446 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,470 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $827,586 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $138,015 |
| Savings and temporary cash investments | $787,642 |
| Pledges and grants receivable | $285,016 |
| 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 | $16,439 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,349,530 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,576,642 |
| Accounts payable and accrued expenses | $24,346 |
| Grants payable | $0 |
| Deferred revenue | $104,900 |
| 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 | $114,329 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,097 |
| Total liabilities | $251,672 |
| Net assets without donor restrictions | $1,352,312 |
| Net assets with donor restrictions | $972,658 |
| 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 | $2,576,642 |