Art And Creative Materials Institute Inc
- Assets
- $6.1m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 4
- Location
- Hingham, MA
- Founding
- 08/1937
- Data as of
- 12/2022
- EIN
- 13-6115214
Organization Overview
Art And Creative Materials Institute Inc is located in Hingham, MA. The organization was established in 1937. According to its NTEE Classification (W90) the organization is classified as: Consumer Protection, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2022, Art And Creative Materials Institute Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Art And Creative Materials Institute Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Art And Creative Materials Institute Inc generated $1.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. While expenses have increased by 0.6% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
BE RECOGNIZED AS THE LEADING PRIVATE-SECTOR AUTHORITY ON THE SAFE USE OF ART AND CREATIVE MATERIALS AND BE THE PREMIER PROVIDER OF A CERTIFICATION PROGRAM FOR THE TOXICOLOGICAL TESTING AND LABELING OF ART AND CREATIVE MATERIALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CERTIFICATION PROGRAM TO EVALUATE PRODUCTS OF MEMBERS FOR SAFETY; PROMOTION OF THE CERTIFICATION PROGRAM AND SAFETY ISSUES OF ART MATERIALS TO MEMBERS; NUMEROUS PUBLICATIONS AND MAIN WEBSITE TO PROVIDE INFORMATION ON PRODUCT SAFETY FOR THE PUBLIC AND A NEWSLETTER FOR MEMBERS AND OTHER INTERESTED PARTIES; PROVIDING COMPLIANCE TO FEDERAL LAWS ADMINISTERED BY THE CONSUMER PRODUCT SAFETY COMMISSION FOR THESE MEMBERS; MONITORING OF LEGISLATION THAT AFFECTS THESE MEMBERS AND THEIR PRODUCTS; CONTRIBUTION TO ANOTHER ORGANIZATION TO PROMOTE ART AND ART EDUCATION; AN ANNUAL TECHNICAL COMMITTEE MEETING WHICH IS OPEN TO MEMBERS AND OTHER INTERESTED AND INVITED PARTIES. THIS IS A CURRENT AND LONG-TERM PROGRAM FOR THE FORESEEABLE FUTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Boyea Director | Trustee | 2 | $0 |
Colleen Carey Brennan Director & T | OfficerTrustee | 4 | $0 |
Sara Campbell Director | Trustee | 2 | $0 |
Joanne Carson Director & I | Trustee | 2 | $0 |
Marcris Cosgrave Director | Trustee | 2 | $0 |
Lisa Hanzl Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Association Management Llc Management Serv | 12/30/16 | $144,000 |
Grimaldi Law Offices Legal Counsel | 12/30/16 | $122,169 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,580,031 |
| Investment income | $78,890 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,886 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,655,035 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,835 |
| 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 | $342,443 |
| Pension plan accruals and contributions | $11,068 |
| Other employee benefits | $0 |
| Payroll taxes | $28,813 |
| Fees for services: Management | $72,525 |
| Fees for services: Legal | $22,076 |
| Fees for services: Accounting | $22,578 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $119,574 |
| Advertising and promotion | $220,747 |
| Office expenses | $19,685 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $32,442 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $37,179 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,151 |
| Insurance | $99,337 |
| All other expenses | $0 |
| Total functional expenses | $1,079,992 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,508,433 |
| Savings and temporary cash investments | $3,861,222 |
| Pledges and grants receivable | $2,596 |
| 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 | $70,282 |
| Net Land, buildings, and equipment | $1,561 |
| Investments—publicly traded securities | $508,048 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $166,256 |
| Other assets | $0 |
| Total assets | $6,118,398 |
| Accounts payable and accrued expenses | $62,761 |
| Grants payable | $0 |
| Deferred revenue | $1,868 |
| 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 | $64,629 |
| Net assets without donor restrictions | $6,053,769 |
| 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 | $6,118,398 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Udig Ny Inc East Syracuse, NY | $15,320,909 | $5,536,762 |
Art And Creative Materials Institute Inc Hingham, MA | $6,118,398 | $1,655,035 |
Sand Lake Ambulance Inc West Sand Lake, NY | $1,133,407 | $914,620 |
Massachusetts Bicycle Coalition Incorporated Boston, MA | $646,237 | $845,109 |
Transportation Consumer Protection Council Inc Huntington, NY | $161,981 | $227,823 |
Zero Debt Massachusetts Canton, MA | $39,167 | $421,116 |
Hudson Valley Pilot Inc Rhinebeck, NY | $2,254 | $0 |
Bridgeport Animal Rescue Crew Inc Fairfield, CT | $64,114 | $0 |
Shared Journeys Inc Ithaca, NY | $61,869 | $0 |
World Against Toys Causing Harm Inc Boston, MA | $561,469 | $38,345 |
New York Safe Utility Meter Association Inc Woodstock, NY | $14,933 | $5,628 |
The Safety Institute Inc Rehoboth, MA | $0 | $0 |
American Obesity Association Corporation Woburn, MA | $0 | $0 |
First Time Home Buyers Of New England East Longmeadow, MA | $0 | $1 |