Salem Art Works Inc
- Assets
- $227.0k
- Revenue
- $504.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Salem, NY
- Founding
- 12/2007
- Data as of
- 09/2021
- EIN
- 13-4309608
Organization Overview
Salem Art Works Inc is located in Salem, NY. The organization was established in 2007. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, 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. Salem Art Works 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 09/2021, Salem Art Works Inc generated $504.5k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $396.4k during the year ending 09/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT BOTH EMERGING AND ESTABLISHED ARTISTS IN THE CREATION OF NEW AND PROGRESSIVE WORKS. TO PROMOTE THE UNDERSTANDING AND APPRECIATION OF CONTEMPORARY ART.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION AND TRAINING OF SCULPTORS, ACTORS, WRITERS, AND MUSICIANS.
TO PROVIDE AN ENVIRONMENT FOR SUCH EDUCATION AND TRAINING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Walter Dunnington President | Officer | 5 | $0 |
Ron Bakerian Treasurer | Officer | 5 | $0 |
Gary Humphries Secretary | Officer | 2 | $0 |
Alice Smith Duncan Director | Officer | 5 | $0 |
Matthew Ferguson Director | Trustee | 2 | $0 |
Paul M Kobyluch Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $103,743 |
| All other contributions, gifts, grants, and similar amounts not included above | $335,183 |
| Noncash contributions included in lines 1a–1f | $900 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $438,926 |
| Total Program Service Revenue | $64,134 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,456 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $504,516 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $191,915 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $17,287 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $675 |
| Fees for services: Accounting | $4,105 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,850 |
| Advertising and promotion | $9,636 |
| Office expenses | $16,800 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $30,083 |
| Travel | $3,148 |
| 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 | $21,761 |
| Insurance | $0 |
| All other expenses | $20,966 |
| Total functional expenses | $396,395 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,884 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,159 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,140 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $192,782 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $226,965 |
| Accounts payable and accrued expenses | $1,277 |
| 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 | $23,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,958 |
| Total liabilities | $26,235 |
| Net assets without donor restrictions | $200,730 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $226,965 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Salem Art Works Inc has recieved totaling $72,013.
| Awarding Organization | Amount |
|---|---|
Huntington Tracy Foundation Rutland, VT PURPOSE: CHARITABLE | $70,000 |
Shuree Abrams Foundation Beachwood, OH PURPOSE: PROMOTE THE ARTS | $2,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $13 |
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 |
Conservation Center For Art And Historic Artifacts Philadelphia, PA | $4,515,696 | $3,186,711 |
Clay Studio Philadelphia, PA | $16,944,971 | $9,873,164 |
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 |