Seward Arts Council
- Assets
- $126.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Seward, AK
- Founding
- 07/1980
- Data as of
- 05/2023
- EIN
- 92-0076287
Organization Overview
Seward Arts Council is located in Seward, AK. The organization was established in 1980. According to its NTEE Classification (A65) the organization is classified as: Theater, 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. Seward Arts Council 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 05/2023, Seward Arts Council generated $21.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (15.7%) each year. All expenses for the organization totaled $38.1k during the year ending 05/2023. As we would expect to see with falling revenues, expenses have declined by (6.0%) per year over the past 8 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 |
|---|---|---|---|
Vanessa Verhey President | 10 | $0 | |
Michael Mahmood Chairman Of The Board | 2 | $0 | |
Carolyn Roloff Director | 1 | $0 | |
Patricia Linville Treasurer | 2 | $0 | |
Cliff Krug Committee Chair, Port City Players | 1 | $0 | |
Johanna Kinney Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,391 |
| Total Program Service Revenue | $0 |
| Membership dues | $45 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $2,074 |
| Other Revenue | $0 |
| Total Revenue | $21,773 |
| 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 | $13,167 |
| Occupancy, rent, utilities, and maintenance | $2,260 |
| Printing, publications, postage, and shipping | $138 |
| Other expenses | $22,536 |
| Total expenses | $38,101 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $108,628 |
| Other assets | $0 |
| Total assets | $126,096 |
| Total liabilities | $0 |
| Net assets or fund balances | $126,096 |