The Society Of Arts And Crafts
- Assets
- $877.9k
- Revenue
- $943.8k
- Investments
- $0.0
- Employees
- 8
- Location
- Dorchester, MA
- Founding
- 01/1952
- Data as of
- 01/2022
- EIN
- 04-2103850
Organization Overview
The Society Of Arts And Crafts is located in Dorchester, MA. The organization was established in 1952. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 01/2022, Society Of Arts And Crafts employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Society Of Arts And Crafts 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 01/2022, Society Of Arts And Crafts generated $943.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $537.0k during the year ending 01/2022. As we would expect to see with falling revenues, expenses have declined by (7.0%) per year over the past 7 years. 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
THE MISSION OF THE SOCIETY OF ARTS AND CRAFTS IS TO SUPPORT EXCELLENCE IN CRAFTS BY ENCOURAGING THE CREATION, COLLECTION, AND CONSERVATION OF THE WORK OF CRAFT ARTISTS AND BY EDUCATING AND PROMOTING PUBLIC APPRECIATION OF FINE CRAFTSMANSHIP. TO FULFILL OUR MISSION, THE SOCIETY SPONSORS EXHIBITIONS, AWARD PROGRAMS AND EDUCATIONAL PROGRAMMING. WE ALSO PROMOTE THE WORK OF OVER 400 CRAFT ARTISTS IN OUR VIRTUAL GALLERY ON AN ONGOING BASIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CRAFTBOSTON IS AN EXHIBITION OF CONTEMPORARY CRAFTS TO EDUCATE THE PUBLIC ABOUT ITS AESTHETIC VALUE FEATURING BETWEEN 90 AND 175 STUDIO ARTISTS SHOWING ONE OF A KIND AND LIMITED EDITION PIECES IN BASKETRY, CERAMICS, DECORATIVE FIBER, FURNITURE, GLASS, JEWELRY, LEATHER, METAL, MIXED MEDIA, PAPER, WEARABLE ART AND WOOD. CRAFTBOSTON ALSO FEATURES EMERGING ARTISTS FROM LEADING SCHOOLS AND UNIVERSITIES, BOOKSELLERS, NON- PROFIT CRAFT ORGANIZATIONS AND AN EDUCATIONAL LECTURE SERIES.
EDUCATIONAL PROGRAMS INCLUDING ARTIST MENTORING PROGRAMS, EDUCATIONAL CRAFT TOURS AND BUSINESS TRAINING WORKSHOPS FOR CRAFT ARTISTS FEATURING PANEL DISCUSSIONS ON SELECTING A MARKET, PRICING OF THE ARTISTS' WORKS, LEGAL, TAX, FINANCE AND INSURANCE ISSUES, ERGONOMICS FOR THE STUDIO ARTIST AND A PORTFOLIO REVIEW AND SLIDE CRITIQUES.
CRAFTBOSTON IS AN EXHIBITION OF CONTEMPORARY CRAFTS TO EDUCATE THE PUBLIC ABOUT ITS AESTHETIC VALUE FEATURING BETWEEN 90 AND 175 STUDIO ARTISTS SHOWING ONE OF A KIND AND LIMITED EDITION PIECES IN BASKETRY, CERAMICS, DECORATIVE FIBER, FURNITURE, GLASS, JEWELRY, LEATHER, METAL, MIXED MEDIA, PAPER, WEARABLE ART AND WOOD. CRAFTBOSTON ALSO FEATURES EMERGING ARTISTS FROM LEADING SCHOOLS AND UNIVERSITIES, BOOKSELLERS, NON- PROFIT CRAFT ORGANIZATIONS AND AN EDUCATIONAL LECTURE SERIES.
EDUCATIONAL PROGRAMS INCLUDING ARTIST MENTORING PROGRAMS, EDUCATIONAL CRAFT TOURS AND BUSINESS TRAINING WORKSHOPS FOR CRAFT ARTISTS FEATURING PANEL DISCUSSIONS ON SELECTING A MARKET, PRICING OF THE ARTISTS' WORKS, LEGAL, TAX, FINANCE AND INSURANCE ISSUES, ERGONOMICS FOR THE STUDIO ARTIST AND A PORTFOLIO REVIEW AND SLIDE CRITIQUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary A Allen Treasurer | OfficerTrustee | 2 | $0 |
Jeannine Falino Vice Preside | OfficerTrustee | 1 | $0 |
Gary Roberts President | OfficerTrustee | 12 | $0 |
Josephine Stealey Secretary | OfficerTrustee | 1 | $0 |
Lorraine Bressler Trustee | Trustee | 1 | $0 |
Beverly Gomes Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $361 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $194,885 |
| All other contributions, gifts, grants, and similar amounts not included above | $646,341 |
| Noncash contributions included in lines 1a–1f | $800 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $841,587 |
| Total Program Service Revenue | $99,409 |
| Investment income | $2,745 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $64 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $943,805 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $25,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $262,722 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $21,872 |
| Payroll taxes | $27,509 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $47,897 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $21,959 |
| Advertising and promotion | $6,060 |
| Office expenses | $17,300 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,456 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $490 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,089 |
| Insurance | $12,632 |
| All other expenses | $3,045 |
| Total functional expenses | $536,969 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $312,043 |
| Savings and temporary cash investments | $105,358 |
| Pledges and grants receivable | $253,860 |
| 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 | $51,990 |
| Net Land, buildings, and equipment | $6,786 |
| Investments—publicly traded securities | $147,912 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $877,949 |
| Accounts payable and accrued expenses | $39,219 |
| 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 | $0 |
| Total liabilities | $39,219 |
| Net assets without donor restrictions | $347,556 |
| Net assets with donor restrictions | $491,174 |
| 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 | $877,949 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Society Of Arts And Crafts has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
John D Mineck Foundation Hingham, MA PURPOSE: FURNITURE FELLOWSHIP AWARD | $25,000 |
Endowment Analysis
| Beg. Balance | $203,110 |
| Other Expense | $203,110 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Andy Warhol Foundation For The Visual Arts Inc New York, NY | $375,628,094 | $51,526,373 |
Production Industrial Tech Textile & Prof Employees Loc 124 Wlfr Fund Valhalla, NY | $838,103 | $5,998,825 |
Lily Auchincloss Foundation Inc New York, NY | $46,827,043 | $6,935,321 |
Solow Art And Architecture Foundation New York, NY | $241,786,081 | $29,285,009 |
Municipal Art Society Of New York New York, NY | $12,093,728 | $3,370,052 |
The Wildenstein Plattner Institute New York, NY | $1,898,409 | $4,064,152 |
Drawing Center Inc New York, NY | $11,094,197 | $3,697,448 |
Van Alen Institute Projects In Public Architecture Brooklyn, NY | $44,490,814 | $3,072,994 |
Urbanglass New York Contemporary Glass Center Inc Brooklyn, NY | $1,687,992 | $2,437,335 |
American Institute Of Architects New York, NY | $10,952,534 | $3,079,461 |
Williamstown Art Conservation Center Inc Williamstown, MA | $5,527,048 | $2,431,960 |
Waterfire Providence Providence, RI | $10,698,557 | $2,564,695 |