Prescott Fine Arts Association
- Assets
- $156.2k
- Revenue
- -$2.2m
- Investments
- $0.0
- Employees
- 18
- Location
- Prescott, AZ
- Founding
- 08/1968
- Data as of
- 08/2023
- EIN
- 86-0226870
Organization Overview
Prescott Fine Arts Association is located in Prescott, AZ. The organization was established in 1968. According to its NTEE Classification (A26) the organization is classified as: Arts & Humanities Councils & Agencies, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 08/2023, Prescott Fine Arts Association employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prescott Fine Arts Association is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE OPPORTUNITIES FOR THE GREATER COMMUNITY TO ENGAGE IN AND EXPERIENCE ALL FACETS OF THE ARTS.
Describe the Organization's Program Activity:
PRODUCTION - THE ASSOCIATION PRODUCES PERFORMANCES FOR THE COMMUNITY THROUGH ITS MAIN STAGE THEATRES, FAMILY THEATRE, HOLIDAY PERFORMANCES, PCA PRESENTS PERFORMANCES, CONCERTS, STAGE TOO PERFORMANCES, SUMMER REPERTORY PERFORMANCES AND READERS' THEATER.GALLERY - THE ASSOCIATION GALLERY PROGRAM PRESENTS DIFFERENT JURIED EXHIBITS AND ONE HOLIDAY SHOW OF ARTISTS' WORKS THAT WERE PROVIDED FREE TO THE COMMUNITY AND VISITORS.EDUCATION - THE ASSOCIATION'S EDUCATION PROGRAM OFFERS SCHOLARSHIPS AND AWARDS TO CONTEST WINNERS SELECTED FROM THE PARTICIPANTS AND FACILITATES SUMMER AND YOUTH PROGRAMS SERVING YOUTHS ALONG WITH OTHER EDUCATIONAL OPPORTUNITIES FOR THE COMMUNITY WITH VARIED AMOUNTS BASED SCHOLARSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robyn Allen Executive Dir. | Officer | 40 | $68,600 |
Mark Yadron Treasurer | OfficerTrustee | 1 | $0 |
Christine Scott Past President | Trustee | 0.5 | $0 |
Jamaal Mccoy Director | Trustee | 0.5 | $0 |
Ali Cassidy President | OfficerTrustee | 1 | $0 |
Grayden Guilford Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| 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 | $152,032 |
| Noncash contributions included in lines 1a–1f | $8,622 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $152,032 |
| Total Program Service Revenue | $254,615 |
| Investment income | $43 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,638,758 |
| Net Income from Fundraising Events | $1,336 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,061 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$2,221,836 |
| 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. | $71,118 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $221,850 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $23,560 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,217 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $34,735 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $44,381 |
| Travel | $1,573 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $60,659 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,173 |
| Insurance | $27,887 |
| All other expenses | $85,537 |
| Total functional expenses | $797,091 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $138,968 |
| Savings and temporary cash investments | $249 |
| Pledges and grants receivable | $600 |
| Accounts receivable, net | $350 |
| 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 | $15,939 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $54 |
| Total assets | $156,160 |
| Accounts payable and accrued expenses | $19,004 |
| Grants payable | $0 |
| Deferred revenue | $59,413 |
| 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 | $188,009 |
| Total liabilities | $266,426 |
| Net assets without donor restrictions | -$114,016 |
| Net assets with donor restrictions | $3,750 |
| 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 | $156,160 |