Frederick Book Arts Center Inc
- Assets
- $161.3k
- Revenue
- $243.9k
- Investments
- $0.0
- Employees
- 4
- Location
- Frederick, MD
- Founding
- 07/2018
- Data as of
- 12/2022
- EIN
- 82-3894693
Organization Overview
Frederick Book Arts Center Inc is located in Frederick, MD. The organization was established in 2018. According to its NTEE Classification (A33) the organization is classified as: Printing & Publishing, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Frederick Book Arts Center Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Frederick Book 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 12/2022, Frederick Book Arts Center Inc generated $243.9k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $265.1k during the year ending 12/2022. 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
THE FREDERICK BOOK ARTS CENTER IS A 501(C)(3) NON-PROFIT ORGANIZATION ART CENTER. WE OPENED OUR DOORS FOR CLASSES ON MARCH 20TH, 2019, TO HELP THE THRIVING ARTIST AND HOBBYIST COMMUNITY IN GREATER FREDERICK. WE SERVE OUR COMMUNITY THROUGH A VARIETY OF WAYS; WE OFFER HIGH-QUALITY CLASSES TAUGHT BY LOCAL AND VISITING ARTISTS AT PRICES MAINLY TO COVER MATERIAL-COST, WE OFFER A RETAIL SPACE FOR EXPERIENCED AND FLEDGLING ARTISTS TO SELL THEIR ART, WE RENT OUT WORKSPACE AND EQUIPMENT FOR ART THAT WOULD OTHERWISE BE INACCESSIBLE, WE OFFER LOW-COST OR NO-COST CLASSES TO REACH LOW INCOME MEMBERS OF THE COMMUNITY, AND SERVE TO EDUCATE THE GREATER FREDERICK COMMUNITY ABOUT BOOK ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLASSES: WE OFFER A RANGE OF CLASSES IN LETTERPRESS, BOOK ARTS, PRINTMAKING, BOOKBINDING, PHOTOGRAPHY AND PAPER ARTS. IN 2022, DESPITE SUFFERING A FIRE THAT DISPLACED US FROM OUR MAIN BUILDING FROM MID-JUNE TILL LATE NOVEMBER, WE WERE ABLE TO PIVOT TO OFFERING LARGER SCALE LOW-COST AND FREE EVENTS (AND TAILORED EXPERIENCES FOR GROUPS) AT A VARIETY OF LOCATIONS. IN THIS WAY, FBAC WAS ABLE TO SERVE OVER 800 CUSTOMERS, PRIMARILY IN THE WESTERN MARYLAND AREA.
OUTREACH: FBAC HAS SEVERAL VENTURES THAT FALL UNDER OUTREACH INCLUDING SCHOOL VISITS, HOSTING LOCAL EVENTS, FIRST SATURDAYS, ARTISTS TALKS, AND SHOWS. WE ALSO PROVIDE SUPPORT FOR CLASSES FOR THE ECONOMICALLY DISADVANTAGED THROUGH A NEW TRIAL PROGRAM. OUR CORNERSTONE NEW PROGRAM IS GRASSHOPPER PRINT SHOP, IN WHICH AT-RISK TEENS ARE BROUGHT IN IN SMALL GROUPS (3-5) FOR A 12-WEEK PROGRAM FOCUSING ON TEAMBUILDING AND SOCIAL ENTERPRISE AS ARTS EMPOWERMENT. MID-2022 WAS THE FIRST START OF THIS PROGRAM IN OUR SILKSCREEN STUDIO (A SMALLER, SECONDARY LOCATION) AND PROVED TO BE VERY SUCCESSFUL, WORKING WITH TEENS FROM LUCAS VILLAGE AND THE PHOENIX RECOVERY ACADEMY.
RENTAL EQUIPMENT: FBAC HAS A FULL BOOK BINDERY IN OPERATION, A LETTERPRESS AREA, PRINTMAKING EQUIPMENT AND OTHER RESOURCES - WHICH WE OFFER FOR RENTAL TO THE PUBLIC. ASSISTANCE AND TRAINING IS OFFERED BY STAFF AND VOLUNTEERS TO EDUCATE THE PUBLIC ON THE USE OF THIS EQUIPMENT THROUGH A RENTAL PROGRAM, TO ENSURE SAFETY. THIS SERVICE IS TO PROVIDE ACCESS TO NECESSARY TOOLS FOR ARTISTS AND OTHER MEMBERS OF THE PUBLIC TO CARRY OUT PROJECTS, WHICH THEY WOULD NOT OTHERWISE HAVE THE ABILITY TO DO WITHOUT OUR EQUIPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Johnny Carrera CEO & Board | OfficerTrustee | 40 | $0 |
Sara Friedman CFO & Board | OfficerTrustee | 40 | $0 |
Suzanne Grobbel Board Vice P | Trustee | 2 | $0 |
Albert B Barnhart Jr Board Member | Trustee | 2 | $0 |
Martha Kearsley Board Member | Trustee | 2 | $0 |
Valerie Lucas Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $53,062 |
| All other contributions, gifts, grants, and similar amounts not included above | $126,531 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $179,593 |
| Total Program Service Revenue | $10,165 |
| Investment income | $1 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $23,169 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $243,945 |
| 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 | $62,046 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $59 |
| Payroll taxes | $4,708 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $500 |
| Fees for services: Accounting | $5,510 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $37,052 |
| Advertising and promotion | $34 |
| Office expenses | $57,090 |
| Information technology | $2,095 |
| Royalties | $0 |
| Occupancy | $57,289 |
| 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 | $16,050 |
| Insurance | $6,331 |
| All other expenses | $495 |
| Total functional expenses | $265,050 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,762 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $37,045 |
| 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 | $10,704 |
| Net Land, buildings, and equipment | $60,060 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,750 |
| Total assets | $161,321 |
| 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 | $10 |
| Total liabilities | $10 |
| Net assets without donor restrictions | $161,311 |
| Net assets with donor restrictions | $0 |
| 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 | $161,321 |