River Arts Inc
- Assets
- $70.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Damariscotta, ME
- Founding
- 06/1989
- Data as of
- 12/2021
- EIN
- 01-0435256
Organization Overview
River Arts Inc is located in Damariscotta, ME. The organization was established in 1989. According to its NTEE Classification (A61) the organization is classified as: Performing Arts Centers, 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. River Arts 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 12/2021, River Arts Inc generated $101.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $75.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
EXHIBITS, CLASSES, SPEAKERS, CHILDRENS PROGRAMS AND OTHER EVENT S RELATED TO THE ARTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andy Seferlis Director | 2 | $0 | |
Avery Hunt Director Secretary | 4 | $0 | |
Alice DE Mauriac Director President | 30 | $0 | |
Gerd Koehler Director Treasurer | 4 | $0 | |
Frieda Hanlon Director | 2 | $0 | |
Helen Warner Director | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,195 |
| Total Program Service Revenue | $79,319 |
| Membership dues | $13,290 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $101,804 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $12,800 |
| Professional fees and other payments to independent contractors | $40,135 |
| Occupancy, rent, utilities, and maintenance | $16,056 |
| Printing, publications, postage, and shipping | $137 |
| Other expenses | $6,236 |
| Total expenses | $75,364 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $70,861 |
| Other assets | $0 |
| Total assets | $70,861 |
| Total liabilities | $2,914 |
| Net assets or fund balances | $67,947 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that River Arts Inc has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Palace Theatre Trust Manchester, NH | $12,127,067 | $4,561,211 |
Friends Of The Music Hall Portsmouth, NH | $11,111,524 | $6,060,196 |
Colonial Theatre Group Inc Keene, NH | $16,858,663 | $2,169,937 |
Barnstormers Inc Tamworth, NH | $1,668,167 | $655,934 |
Hancock County Auditorium Associates Ellsworth, ME | $683,027 | $264,189 |
The Park Theatre Inc Jaffrey, NH | $5,516,081 | $676,406 |
N H Maple Producers Assn Inc Hampstead, NH | $176,903 | $248,539 |
Belknap Mill Society Inc Laconia, NH | $1,615,214 | $791,503 |
Chocolate Church Arts Center Bath, ME | $475,882 | $191,703 |
Strand Ballroom Corporation Dover, NH | $12,480 | $0 |
Dance Hall Kittery, ME | $557,706 | $245,266 |
Jaffrey Civic Center Jaffrey, NH | $228,452 | $0 |