Northwest Watercolor Society
- Assets
- $91.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Bellevue, WA
- Founding
- 00/0000
- Data as of
- 12/2021
- EIN
- 91-1108332
Organization Overview
Northwest Watercolor Society is located in Bellevue, WA. The organization was established in 0000. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, 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. Northwest Watercolor Society is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Northwest Watercolor Society generated $82.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.6%) each year. All expenses for the organization totaled $72.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (9.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peggy Willett Secretary | 2 | $0 | |
Mike Thorsen Vice President | 2 | $0 | |
Shirley Jordan Treasurer | 7 | $0 | |
Molly Murrah President | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,349 |
| Total Program Service Revenue | $42,204 |
| Membership dues | $39,120 |
| Investment income | $23 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $82,696 |
| 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 | $16,789 |
| Occupancy, rent, utilities, and maintenance | $4,677 |
| Printing, publications, postage, and shipping | $10,871 |
| Other expenses | $37,524 |
| Total expenses | $72,861 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $91,137 |
| Other assets | $0 |
| Total assets | $91,137 |
| Total liabilities | $0 |
| Net assets or fund balances | $91,137 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Elderheart Inc Sisters, OR | $6,200,437 | $6,066,501 |
Gage Academy Of Art Seattle, WA | $3,068,571 | $2,623,877 |
Pratt Fine Arts Center Seattle, WA | $7,081,159 | $1,908,130 |
Kingdom Air Corps Inc Sutton, AK | $2,362,130 | $1,590,178 |
Woodworth Family Foundation Tacoma, WA | $16,382,874 | $3,452,473 |
Pottery Northwest Seattle, WA | $1,169,498 | $523,661 |
Bunnell Street Arts Center Homer, AK | $391,886 | $556,806 |
Oregon Society Of Artists Portland, OR | $357,338 | $646,733 |
Bainbridge Arts & Crafts Inc Bainbridge Island, WA | $908,274 | $485,325 |
Portland Street Art Alliance Portland, OR | $196,129 | $562,703 |
Anacortes Arts Festival Anacortes, WA | $436,946 | $573,195 |
Architectural Foundation Of Oregon Portland, OR | $963,741 | $418,529 |