Marblehead Arts Association
- Assets
- $972.7k
- Revenue
- $373.8k
- Investments
- $0.0
- Employees
- 11
- Location
- Marblehead, MA
- Founding
- 05/1953
- Data as of
- 05/2022
- EIN
- 04-2078801
Organization Overview
Marblehead Arts Association is located in Marblehead, MA. The organization was established in 1953. 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 05/2022, Marblehead Arts Association employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marblehead Arts Association 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 05/2022, Marblehead Arts Association generated $373.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $228.2k during the year ending 05/2022. While expenses have increased by 2.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
TO PROMOTE APPRECIATION OF THE FINE AND APPLIED ARTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL ACTIVITIES RELATE DIRECTLY TO THE ORGANIZATION'S PURPOSE. THIS WAS ACCOMPLISHED BY PRESENTING EXHIBITS,PROGRAMS,CLASSES AND SPECIAL EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Catherine Amidon Executive Director | Trustee | 30 | $26,538 |
Mimi Knittle President | OfficerTrustee | 5 | $0 |
James Murphy Treasurer | OfficerTrustee | 5 | $0 |
Joseph W Worthen II Secretary | OfficerTrustee | 5 | $0 |
Jose Mateo Director | Trustee | 5 | $0 |
Dbruce Greenwald Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $26,175 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $302,626 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $328,801 |
| Total Program Service Revenue | $1,441 |
| Investment income | $2,830 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $9,241 |
| Net Gain/Loss on Asset Sales | $147 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $373,783 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $24,522 |
| Compensation of current officers, directors, key employees. | $9,809 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $66,751 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,870 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,160 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,955 |
| Advertising and promotion | $2,871 |
| Office expenses | $739 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,781 |
| Insurance | $13,207 |
| All other expenses | $13,702 |
| Total functional expenses | $228,240 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $150,633 |
| Savings and temporary cash investments | $277,360 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $384,753 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $159,954 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $972,700 |
| Accounts payable and accrued expenses | $9,701 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $30,754 |
| Total liabilities | $40,455 |
| Net assets without donor restrictions | $736,758 |
| Net assets with donor restrictions | $195,487 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $972,700 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Marblehead Arts Association has recieved totaling $90,975.
| Awarding Organization | Amount |
|---|---|
Lynch Foundation Boston, MA PURPOSE: GENERAL OPERATING SUPPORT | $50,000 |
Bny Mellon Charitable Gift Fund Boston, MA PURPOSE: TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE | $40,000 |
Salem Five Charitable Foundation Inc Salem, MA PURPOSE: EXEMPT PURPOSES | $500 |
Daniel And Gloria Kearney Foundation Chicago, IL PURPOSE: UNRESTRICTED | $250 |
Ge Foundation Norwalk, CT PURPOSE: MATCHING GIFTS | $225 |
Endowment Analysis
| Beg. Balance | $69,340 |
| Earnings | -$2,214 |
| Admin Expense | $1,353 |
| Other Expense | $3,197 |
| Ending Balance | $62,576 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Shed Nyc Inc New York, NY | $621,442,218 | $102,270,782 |
Westchester Academic Library Directors Organization Inc New York, NY | $47,276,623 | $38,534,511 |
Pro Publica Inc New York, NY | $60,782,681 | $36,005,300 |
Dia Center For The Arts Inc New York, NY | $215,209,262 | $19,693,933 |
Munson-Williams-Proctor Arts Institute Utica, NY | $139,434,457 | $25,944,561 |
Bethel Woods Center For The Arts Inc Liberty, NY | $30,099,296 | $24,809,456 |
Joan Mitchell Foundation Inc New York, NY | $163,093,074 | $7,287,755 |
Pioneer Works Art Foundation Brooklyn, NY | $17,838,425 | $7,041,619 |
St Anns Warehouse Inc Brooklyn, NY | $32,618,208 | $8,833,127 |
One Club For Creativity Inc New York, NY | $23,237,696 | $9,988,732 |
Consensus Building Institute Inc Cambridge, MA | $9,333,296 | $7,559,086 |
Judd Foundation New York, NY | $82,389,087 | $7,883,436 |