Rockport Art Association
- Assets
- $1.1m
- Revenue
- $345.5k
- Investments
- $0.0
- Employees
- 6
- Location
- Rockport, MA
- Founding
- 12/1957
- Data as of
- 12/2020
- EIN
- 04-2266535
Organization Overview
Rockport Art Association is located in Rockport, MA. The organization was established in 1957. 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 12/2021, Rockport Art Association employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rockport Art 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 12/2020, Rockport Art Association generated $345.5k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $321.6k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (3.9%) per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
ADVANCEMENT AND PRESERVATION OF THE FINE ARTS THROUGH EXHIBITIONS, LECTURES, DEMONSTRATIONS AND EDUCATIONAL AND CULTURAL PROGRAMMING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ART CLASSES & DEMONSTRATIONS AVAILABLE TO THE PUBLIC. EIGHT TO TEN CLASSES PER WEEK ARE PROVIDED. ADDITIONALLY, ART LECTURE SERIES ARE OFFERED AND RETROSPECTIVES OF DECEASED ARTISTS.
COMPETITIVE AWARDS ARE MADE TO DESERVING LOCAL ARTISTS JUDGED BY INDEPENDENT JUDGES. THE PURPOSE IS TO ENCOURAGE ARTISTS ENDEAVORS IN ALL MEDIUMS; 50-75 AWARDS ANNUALLY.
GALLERY PROGRAMS DISPLAY THE MUSEUM COLLECTION OF THE ASSOCIATION AND TEMPORARY EXHIBITS OF NUMEROUS CAPE ANN ARTISTS VIEWED BY OVER 50,000 VISITORS ANNUALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heidi Caswell-Zander President | OfficerTrustee | 4 | $0 |
Donna Jenko Vice-President | OfficerTrustee | 2 | $0 |
Roger A Levine Treasurer | OfficerTrustee | 4 | $0 |
Daniel William Zampino Secretary | OfficerTrustee | 1 | $0 |
Pal Alto Board Of Governors | Trustee | 0 | $0 |
Daniel Ross Board Of Governors | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $157,700 |
| Investment income | $12,618 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,740 |
| Net Gain/Loss on Asset Sales | $27,742 |
| Net Income from Fundraising Events | $83,946 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$5,042 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $345,534 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $165,226 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,770 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $784 |
| Office expenses | $3,615 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,175 |
| 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 | $19,061 |
| Insurance | $15,624 |
| All other expenses | $0 |
| Total functional expenses | $321,571 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $88,161 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $378 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $10,293 |
| Prepaid expenses and deferred charges | $23,285 |
| Investments—publicly traded securities | $510,147 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,086,896 |
| Accounts payable and accrued expenses | $10,502 |
| Grants payable | $0 |
| Deferred revenue | $9,993 |
| 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 | $20,495 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $1,066,401 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Rockport Art Association has recieved totaling $8,650.
| Awarding Organization | Amount |
|---|---|
Hildreth Stewart Charitable Foundation Boston, MA PURPOSE: GENERAL PURPOSE | $5,000 |
Institution For Savings In Newbrypt & Its Vcnty Chrtble Foundation Inc Newburyport, MA PURPOSE: EXEMPT PURPOSE | $2,500 |
Carlson Family Tr Rockport, MA PURPOSE: CHARITY | $1,000 |
Gardner Charitable Foundation No Andover, MA PURPOSE: TO SUPPORT ORGANIZATION ACTIVITIES | $150 |
Endowment Analysis
| Beg. Balance | $414,503 |
| Earnings | $34,589 |
| Other Expense | $4,250 |
| Ending Balance | $444,842 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Manhattan School Of Music New York, NY | $110,734,113 | $63,876,459 |
Art Students League Of New York New York, NY | $112,886,191 | $14,274,262 |
Saul Steinberg Foundation New York, NY | $2,326,445 | $165,696 |
Studio In A School Association New York, NY | $26,491,871 | $6,228,421 |
Harlem School Of The Arts Inc New York, NY | $16,306,795 | $5,380,840 |
Dreamyard Project Inc Bronx, NY | $4,474,380 | $5,509,637 |
Powerhouse Arts Inc Brooklyn, NY | $187,718,007 | $2,438,930 |
Artists For Humanity Inc Boston, MA | $38,813,967 | $6,181,666 |
American Academy Of Arts And Letters New York, NY | $101,076,393 | $10,417,737 |
The Arts Connection Inc New York, NY | $2,703,336 | $4,972,330 |
Alliance For Young Artists & Writers Inc New York, NY | $7,496,330 | $3,366,982 |
Marquis Studios Ltd Brooklyn, NY | $2,435,475 | $3,259,805 |