South Shore Art Center Inc
- Assets
- $949.2k
- Revenue
- $716.7k
- Investments
- $534.2k
- Employees
- 36
- Location
- Cohasset, MA
- Founding
- 06/1961
- Data as of
- 08/2023
- EIN
- 04-2259692
Organization Overview
South Shore Art Center Inc is located in Cohasset, MA. The organization was established in 1961. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 08/2023, South Shore Art Center Inc employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Shore Art Center 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 08/2023, South Shore Art Center Inc generated $716.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $819.2k during the year ending 08/2023. While expenses have increased by 1.4% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ENRICH THE COMMUNITIES SOUTH OF BOSTON BY ENGAGING ARTISTS AND BY FOSTERING AN UNDERSTANDING AND APPRECIATION OF THE VISUAL ARTS THROUGH EXHIBITIONS AND EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ART CLASSES/EDUCATION: TRAINING IN TECHNIQUES, COMPOSITIONS, GENERAL ART APPRECIATION, SCULPTURE AND ART CRAFTS.
ART GALLERY ACTIVITIES: ONGOING EXHIBITS AND SPECIAL EVENTS OPEN TO THE GENERAL PUBLIC.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrice M Maye Executive Di | Officer | 40 | $129,853 |
Santiago Hernandez Director | Trustee | $3,083 | |
Jim Burke Director | Trustee | $1,140 | |
James Canavan Director | Trustee | $0 | |
Christine Cunning Director | Trustee | $0 | |
Sean Cunning President-El | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $80,480 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $265,926 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $346,406 |
| Total Program Service Revenue | $303,969 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $66,309 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $716,684 |
| 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. | $134,076 |
| Compensation of current officers, directors, key employees. | $38,956 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $281,415 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $40,841 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $26,085 |
| Advertising and promotion | $10,039 |
| Office expenses | $57,539 |
| 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 | $15,987 |
| Interest | $11,950 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $36,564 |
| Insurance | $13,801 |
| All other expenses | $63,780 |
| Total functional expenses | $819,245 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,712 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $16,300 |
| 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 | $810 |
| Net Land, buildings, and equipment | $356,193 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $534,190 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $949,205 |
| Accounts payable and accrued expenses | $53,774 |
| Grants payable | $0 |
| Deferred revenue | $43,490 |
| 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 | $52,768 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $37,238 |
| Total liabilities | $187,270 |
| Net assets without donor restrictions | $595,254 |
| Net assets with donor restrictions | $166,681 |
| 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 | $949,205 |