New Hope Colony Foundation For The Arts Inc
- Assets
- $216.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- New Hope, PA
- Founding
- 11/2019
- Data as of
- 09/2022
- EIN
- 83-2269242
Organization Overview
New Hope Colony Foundation For The Arts Inc is located in New Hope, PA. The organization was established in 2019. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, 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. New Hope Colony Foundation For The Arts 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 09/2022, New Hope Colony Foundation For The Arts Inc generated $37.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (35.0%) each year. All expenses for the organization totaled $101.3k during the year ending 09/2022. 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
THE NEW HOPE COLONY FOUNDATION FOR THE ARTS IS WORKING TO CREATE AN ACCESSIBLE PLACE FOR ARTISTS TO WORK, STUDY AND COLLABORATE WHILE ENCOURAGING CONVERGENCE WITH THE PUBLIC FOR CIVIC DIALOGUES, INSPIRATION, EDUCATION AND ENLIGHTENMENT. THROUGH THE ACQUISITION, RESTORATION AND ADAPTIVE REUSE OF HISTORIC STRUCTURES AND LANDSCAPE, THE FOUNDATION IS WORKING NOW TO CREATE ENDOWED ARTIST LIVE/WORK STUDIOS AND EXHIBITION & PRESENTATION SPACES FOR PUBLIC ENGAGEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brett Webber Founder & President | 1 | $0 | |
Eleanor Miller Co-Founder & VP | 1 | $0 | |
Christopher Montemerlo Treasurer | 1 | $0 | |
Maria Pon-Dorian Secretary | 1 | $0 | |
Grady Barth Director | 1 | $0 | |
Joyce Chasan Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $37,846 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $37,846 |
| 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 | $61,024 |
| Occupancy, rent, utilities, and maintenance | $15,873 |
| Printing, publications, postage, and shipping | $6,881 |
| Other expenses | $7,565 |
| Total expenses | $101,343 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $115 |
| Other assets | $0 |
| Total assets | $216,426 |
| Total liabilities | $117,735 |
| Net assets or fund balances | $98,691 |