Cadets Arts And Entertainment Inc
- Assets
- $611.3k
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 4
- Location
- Erie, PA
- Founding
- Data as of
- 10/2022
- EIN
- 85-0545477
Organization Overview
Cadets Arts And Entertainment Inc is located in Erie, PA. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 10/2022, Cadets Arts And Entertainment Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cadets Arts And Entertainment 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 10/2022, Cadets Arts And Entertainment Inc generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 18.3% each year . All expenses for the organization totaled $2.1m during the year ending 10/2022. 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
LEADERSHIP INNOVATION EXCELLENCE AND COMMUNITY THROUGH ARTS AND EDUCATION HELPING STUDENTS ACHIEVE THEIR POTENTIAL AS INDIVIDUALS AND AS CITIZENS OF THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CADETS ARE THE FLAGSHIP PROGRAM OF CADETS ARTS & ENTERTAINMENT INC. AND THE PRIMARY VEHICLE FOR WHICH THE ORGANIZATIONS MISSION IS ACHIEVED
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aundre Pelovski Treasurer - Board Of Directors | Trustee | 20 | $0 |
Vicki Ferrence Ray Compliance Ofc - Board Of Directors | Trustee | 10 | $0 |
Cindi Devivo Secretary - Board Of Directors | Trustee | 5 | $0 |
Greg Cinzio Board Of Directors | Trustee | 5 | $0 |
Alyssa Cimino Board Of Directors | Trustee | 5 | $0 |
Joan Lima Board Of Directors | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $538,443 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $538,443 |
| Total Program Service Revenue | $954,502 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $118,122 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,827,091 |
| 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. | $115,000 |
| Compensation of current officers, directors, key employees. | $34,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $105,508 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $22,562 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $123,837 |
| Fees for services: Accounting | $11,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $23,050 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $430,842 |
| Advertising and promotion | $10,609 |
| Office expenses | $0 |
| Information technology | $30,912 |
| Royalties | $0 |
| Occupancy | $24,852 |
| Travel | $126,123 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,952 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $37,882 |
| Insurance | $27,803 |
| All other expenses | $131,831 |
| Total functional expenses | $2,108,718 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $174,392 |
| Savings and temporary cash investments | $144 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,285 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $130,408 |
| Prepaid expenses and deferred charges | $11,524 |
| Net Land, buildings, and equipment | $280,516 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $611,269 |
| Accounts payable and accrued expenses | $157,363 |
| 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 | $195,503 |
| Secured mortgages and notes payable | $60,944 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $413,810 |
| Net assets without donor restrictions | $197,311 |
| Net assets with donor restrictions | $148 |
| 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 | $611,269 |