Galleries At Lynnarts Inc
- Assets
- $21.3k
- Revenue
- $26.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Lynn, MA
- Founding
- 07/2019
- Data as of
- 12/2021
- EIN
- 83-3553521
Organization Overview
Galleries At Lynnarts Inc is located in Lynn, MA. The organization was established in 2019. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, 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. Galleries At Lynnarts 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 12/2021, Galleries At Lynnarts Inc generated $26.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (16.7%) each year. All expenses for the organization totaled $22.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATION TO ARTS AFTER HOURS A NONPROFIT COMMUNITY THEATER
FREE TO PUBLIC CHILDREN BOOK READINGS AND MEET THE AUTHOR EVENTS
COMMUNITY ART EVENTS HELD FREE TO THE PUBLIC INCLUDING ARTIST TALKS GALLERY SHOWS NETWORKING AND ENTERTAINMENT SERVED OVER 1000 COMMUNITY MEMBERS
LOCATION PROVIDED FOR PUBLIC ART INSTALLATION DURING COVID SHUTDOWN ALLOWING FOR ARTWORK TO BE DISPLAYED AND VIEWED IN A SAFE MANNER BY THE COMMUNITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Annette Sykes President | 10 | $0 | |
Sally Jacobson Vicepresident | 8 | $0 | |
Jessica Jordan Secretary | 8 | $0 | |
Nicole Werth Treasurer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,528 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $16,004 |
| Total Revenue | $26,532 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $72 |
| Occupancy | $13,200 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,019 |
| Total operating and administrative expenses | $18,408 |
| Contributions, gifts, grants paid | $4,077 |
| Total expenses and disbursements | $22,485 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,031 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $1,500 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $720 |
| Total assets | $21,251 |
| Accounts payable and accrued expenses | $2,712 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,712 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Joan Mitchell Foundation Inc New York, NY | $163,093,074 | $7,287,755 |
Pioneer Works Art Foundation Brooklyn, NY | $17,838,425 | $7,041,619 |
St Anns Warehouse Inc Brooklyn, NY | $32,618,208 | $8,833,127 |
One Club For Creativity Inc New York, NY | $23,237,696 | $9,988,732 |
Consensus Building Institute Inc Cambridge, MA | $9,333,296 | $7,559,086 |
Judd Foundation New York, NY | $82,389,087 | $7,883,436 |
Guild Hall Of East Hampton Inc East Hampton, NY | $35,896,554 | $17,394,413 |
City Lore Inc New York, NY | $1,966,661 | $4,516,520 |
New Haven International Festival Of Arts & Ideas Inc New Haven, CT | $2,354,201 | $4,042,570 |
Restart Factory Inc New York, NY | $6,049,280 | $3,828,840 |
Worcester Center For Performing Arts Inc Worcester, MA | $9,482,034 | $7,443,487 |
Norwalk Art Space Inc New York, NY | $124,938 | $3,539,843 |