Saratoga Arts Inc
- Assets
- $798.8k
- Revenue
- $654.1k
- Investments
- $0.0
- Employees
- 4
- Location
- Saratoga Springs, NY
- Founding
- 08/1993
- Data as of
- 12/2021
- EIN
- 14-1632037
Organization Overview
Saratoga Arts Inc is located in Saratoga Springs, NY. The organization was established in 1993. According to its NTEE Classification (A26) the organization is classified as: Arts & Humanities Councils & Agencies, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Saratoga Arts Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Saratoga Arts 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 12/2021, Saratoga Arts Inc generated $654.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $360.1k during the year ending 12/2021. 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
ENHANCE AWARENESS OF THE ARTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
ARTS GALLERY - ORGANIZATION PROVIDES A GALLERY OF ROTATING ART FOR THE COMMUNITY TO OBSERVE. APORTION OF ANY SALES GOES TO THE ORGANIZATION.
NYSCA REGRANT PROGRAM: A REGRANT PROGRAM OF NYSCA WHICH ADMINISTERS DECENTRALIZED FUNDS TO NON-PROFIT ORGANIZATIONS TO PROMOTE NEW AND INNOVATIVE ART EVENTS IN SARATOGA, FULTON, & MONTGOMERY COUNTY.
ARTS CLASSES - OFFERING A VARIETY OF ART CLASSES AND WORKSHOPS IN ALL MEDIA FOR CHILDREN AND ADULTS.
EXPENSES ART IN PUBLIC PLACES 43,535 ART IN THE PARK 8,940 ------- OTHER PROGRAM SERVICES 52,474 =======
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harry Bucciferro President | OfficerTrustee | $0 | |
Jeffrey Altamari Vice-Preside | OfficerTrustee | $0 | |
Jenna Burger Secretary | OfficerTrustee | $0 | |
Ava Marco Treasurer | OfficerTrustee | $0 | |
Ian Berry Director | Trustee | $0 | |
Laura Dirado Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $102,843 |
| All other contributions, gifts, grants, and similar amounts not included above | $328,751 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $431,594 |
| Total Program Service Revenue | $158,290 |
| Investment income | $31,727 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $30,742 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,570 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $654,116 |
| 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 | $169,247 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,067 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,902 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,136 |
| Office expenses | $3,627 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,575 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $944 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,370 |
| Insurance | $7,213 |
| All other expenses | $30,997 |
| Total functional expenses | $360,135 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,797 |
| Savings and temporary cash investments | $60,736 |
| Pledges and grants receivable | $18,290 |
| Accounts receivable, net | $247 |
| 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 | $0 |
| Net Land, buildings, and equipment | $224,774 |
| Investments—publicly traded securities | $474,948 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $798,792 |
| Accounts payable and accrued expenses | $10,342 |
| Grants payable | $0 |
| Deferred revenue | $1,575 |
| 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 | $52,428 |
| Total liabilities | $64,345 |
| Net assets without donor restrictions | $522,670 |
| Net assets with donor restrictions | $211,777 |
| 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 | $798,792 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Saratoga Arts Inc has recieved totaling $7,158.
| Awarding Organization | Amount |
|---|---|
The Community Foundation For The Greater Capital Region Inc Albany, NY PURPOSE: TO SUPPORT ART CLASSES FOR UNDERPRIVILEGED CHILDREN IN THE SARATOGA SPRINGS AREA AND SURROUNDING COUNTIES AND UNRESTRICTED USE | $5,658 |
Florence Mauboules Charitable Trust Crowley, LA PURPOSE: BENEFIT OF ORGANIZATION ACTIVITIES | $1,500 |
Endowment Analysis
| Beg. Balance | $66,344 |
| Earnings | $27,414 |
| Admin Expense | $1,872 |
| Net Contributions | $250,000 |
| Ending Balance | $341,886 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lower Manhattan Cultural Council Inc New York, NY | $12,296,474 | $4,161,213 |
Vermont Council On The Arts Inc Montpelier, VT | $1,668,560 | $4,418,731 |
Cny Arts Inc Syracuse, NY | $3,639,990 | $4,131,478 |
Artswestchester Inc White Plains, NY | $12,989,925 | $5,051,265 |
Brooklyn Arts Council Brooklyn, NY | $3,792,186 | $4,166,214 |
The Council For Canadian American Relations Inc New York, NY | $2,490,659 | $3,178,474 |
Newark Arts Council Newark, NJ | $1,947,360 | $2,660,381 |
Greater Philadelphia Cultural Alliance Philadelphia, PA | $2,137,622 | $2,196,078 |
Spaceworks Nyc Inc New York, NY | $311,147 | $269,250 |
Bronx Council On The Arts Inc Bronx, NY | $7,969,070 | $2,295,657 |
Dance Service New York City Inc New York, NY | $6,304,489 | $5,030,876 |
Flushing Council On Culture And The Arts Inc Flushing, NY | $1,674,385 | $1,969,249 |