Heartwood College Of Art Inc
- Assets
- $27.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Biddeford, ME
- Founding
- 04/1984
- Data as of
- 06/2018
- EIN
- 02-0373379
Organization Overview
Heartwood College Of Art Inc is located in Biddeford, ME. The organization was established in 1984. According to its NTEE Classification (A25) the organization is classified as: Arts Education, 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. Heartwood College Of Art 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 06/2018, Heartwood College Of Art Inc generated $45.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (5.4%) each year. All expenses for the organization totaled $39.0k during the year ending 06/2018. As we would expect to see with falling revenues, expenses have declined by (17.1%) per year over the past 3 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 |
|---|---|---|---|
Marcia Hamlyn President | 5 | $0 | |
Leo Lamoureaux Treasurer | 2 | $0 | |
Alan Shepherd Legal | 1 | $0 | |
Berri Kramer Executive Di | 5 | $2,340 | |
Claudette Haq Director | 1 | $0 | |
Linda Lyon Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,056 |
| Total Program Service Revenue | $15,679 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $17,929 |
| Other Revenue | $9,450 |
| Total Revenue | $45,114 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $9,221 |
| Professional fees and other payments to independent contractors | $7,425 |
| Occupancy, rent, utilities, and maintenance | $15,850 |
| Printing, publications, postage, and shipping | $102 |
| Other expenses | $6,379 |
| Total expenses | $38,977 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $15,859 |
| Other assets | $0 |
| Total assets | $27,204 |
| Total liabilities | $6,875 |
| Net assets or fund balances | $20,329 |