Arrow Street Arts Inc is located in Burlington, VT. The organization was established in 2019. According to its NTEE Classification (M20) the organization is classified as: Disaster Preparedness & Relief Services, under the broad grouping of Public Safety, Disaster Preparedness & Relief and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arrow Street 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ARROW STREET ARTS OFFERS ACCESSIBLE, MULTI-ARTS SPACES AND PRODUCTION SERVICES TO ARTISTS AND ORGANIZATIONS WHO WELCOME, ENGAGE, AND CONNECT THEIR COMMUNITIES THROUGH THE TRANSFORMATIVE POWERS OF LIVE, IN-PERSON PERFORMANCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ARROW STREET ARTS, INC. (ASA) IS IN THE START-UP PHASE. ITS CURRENT PROGRAM IS THE RENOVATION, AND REVITALIZATION OF THE PERFORMANCE VENUE AT TWO ARROW STREET IN CAMBRIDGE, WHILE EXPANDING THE ARTS SPACE WITH THE REPURPOSING OF AN ADJACENT VACANT RETAIL SPACE. ASA'S RENOVATION WORK WILL BE COMPLETED IN 2024, WITH A SOFT OPENING ACTIVATION OF THE SPACES DURING A CONSTRUCTION PAUSE IN LATE 2023. ONCE COMPLETED, ITS PROGRAM WILL SUBSIDIZE AND PROVIDE RENTAL OF SPACE FOR PERFORMING ARTISTS, PERFORMERS, AND ARTISTIC COMPANIES TO PRESENT THEIR WORKS TO AUDIENCES.THE VENUE ENCOMPASSES THE FIRST FLOOR OF AN EXISTING FOUR-STORY, 40,000 SF MIXED-USE BUILDING THAT OPENED IN 2005. WITH RENOVATIONS UNDERWAY AND PLANNED BY CHARLES ROSE ARCHITECTS, ASA'S 11,500 SF PERFORMANCE FACILITY WILL BE REVITALIZED WITH EXTENSIVE PRODUCTION INVESTMENTS IN TWO FLEXIBLE PERFORMANCE SPACES ALONG WITH OTHER UPGRADES TO ENHANCE THE AUDIENCE AND ARTIST EXPERIENCE ALIKE. A 4,500 SF BLACK BOX THEATER WILL OFFER VARIOUS SEATING CONFIGURATIONS FOR UP TO APPROXIMATELY 300 AUDIENCE MEMBERS; AND A NEW 1,100 SF STREET-FRONT STUDIO EXPANDS THE OVERALL ARTS FOOTPRINT BY ABOUT 10 PERCENT. THE STUDIO SPACE IS EXPECTED TO ACCOMMODATE UP TO 100 PEOPLE.BOTH SPACES WILL SUPPORT REHEARSALS, PERFORMANCES, AND SPECIAL EVENTS ACROSS A RANGE OF ARTISTIC GENRES, INCLUDING THEATER, SPOKEN WORD/READINGS, DANCE, MUSIC, AND FILM.HIGHLIGHTS OF RENOVATIONS INCLUDE:PERFORMANCE/REHEARSAL SPACES: FLEXIBILITY TO ACCOMMODATE MULTIPLE STAGING CONFIGURATIONS FOR USE IN A VARIETY OF CAPACITIES FOR THEATER, DANCE, MUSIC AND MORE; SPRUNG FLOORS FOR DANCE; COMPREHENSIVE, UPDATED LIGHTING, SOUND, PROJECTION, AND VIDEO PRODUCTION CAPACITIES.AUDIENCE EXPERIENCE ENHANCEMENTS: IMPROVED AUDIENCE SEATING WITH OPTIONS TO "RIGHT-SIZE" AUDIENCE SEATING SIZE; UPDATED RESTROOM DESIGNS WITH PRIVATE, ALL-GENDER WATER CLOSETS; CENTRALIZED TICKETING SERVICES; EXPANDED FOOD & BEVERAGE SERVICE.BACKSTAGE/PRODUCTION SUPPORT: ENHANCED DRESSING ROOM CAPACITIES WITH ADDITIONAL OVERFLOW CAPACITIES WHEN NEEDED; ARTISTS' GREEN ROOMS; DEDICATED WARDROBE/COSTUME CENTER WITH LAUNDRY.SINCE THE PROJECT WAS ANNOUNCED PUBLICLY IN JANUARY 2023, ASA HAS ENGAGED WITH OVER 100 ARTISTS AND PRODUCING ORGANIZATIONS ABOUT THE POTENTIAL USE OF THE VENUE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
David T Altshuler President | OfficerTrustee | 10 | $0 |
James Swift Treasurer | OfficerTrustee | 2 | $0 |
Christopher David Secretary | OfficerTrustee | 2 | $0 |
Rendol Barlow Director | Trustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $2,655,900 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $2,655,900 |
Total Program Service Revenue | $0 |
Investment income | $113 |
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 | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $2,657,013 |
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 | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $5,109 |
Fees for services: Accounting | $16,500 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $36,045 |
Advertising and promotion | $4,371 |
Office expenses | $7,643 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $348,368 |
Travel | $23,805 |
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 | $0 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $467,591 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $720,989 |
Savings and temporary cash investments | $1,256 |
Pledges and grants receivable | $6,664,809 |
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 | $0 |
Prepaid expenses and deferred charges | $1,283 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $5,788,922 |
Total assets | $13,177,259 |
Accounts payable and accrued expenses | $80,846 |
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 | $4,101,735 |
Total liabilities | $4,182,581 |
Net assets without donor restrictions | $2,329,869 |
Net assets with donor restrictions | $6,664,809 |
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 | $13,177,259 |