Maui Arts & Cultural Center
- Assets
- $31.4m
- Revenue
- $9.7m
- Investments
- $0.0
- Employees
- 130
- Location
- Kahului, HI
- Founding
- 02/1984
- Data as of
- 06/2022
- EIN
- 99-0222998
Organization Overview
Maui Arts & Cultural Center is located in Kahului, HI. The organization was established in 1984. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Maui Arts & Cultural Center employed 130 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maui Arts & Cultural Center 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 06/2022, Maui Arts & Cultural Center generated $9.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $7.5m during the year ending 06/2022. 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
PERFORMING ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RENTAL ACTIVITIES
OTHER PROGRAM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Art Vento CEO | Officer | 40 | $143,004 |
Virgilio Agcolicol Board Member | Trustee | 1 | $0 |
Richard Cameron Board Member | Trustee | 1 | $0 |
Dorothy Haynes Board Member | Trustee | 2 | $0 |
James Judge Board Member | Trustee | 1 | $0 |
Anthony Takitani Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bamp Project Llc Entertainmnt Promotr | 6/29/20 | $193,210 |
Raymond Ho Jr Dba Ray Jr Llc Entertainmnt Promotr | 6/29/20 | $134,568 |
Goldenvoice Entertainmnt Promotr | 6/29/20 | $126,332 |
University Health Alliance Health Insurance | 6/29/20 | $238,954 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,471,451 |
| Investment income | $99,808 |
| 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 | $9,713,031 |
| Statement of Expenses | |
|---|---|
| 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. | $143,004 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,625,338 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $229,765 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $120,381 |
| Office expenses | $21,344 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $107,445 |
| Interest | $5,356 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,815,032 |
| Insurance | $135,213 |
| All other expenses | $0 |
| Total functional expenses | $7,544,104 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,690,349 |
| Savings and temporary cash investments | $1,000,000 |
| Pledges and grants receivable | $5,021,372 |
| Accounts receivable, net | $408,146 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $33,994 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $5,532,422 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $290,424 |
| Total assets | $31,390,294 |
| Accounts payable and accrued expenses | $666,650 |
| Grants payable | $0 |
| Deferred revenue | $1,171,216 |
| 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 | $425,771 |
| Total liabilities | $2,263,637 |
| Net assets without donor restrictions | $19,687,600 |
| Net assets with donor restrictions | $9,439,057 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $29,126,657 |