The Niagara Arts & Cultural Center Inc
- Assets
- $1.8m
- Revenue
- $455.3k
- Investments
- $0.0
- Employees
- 17
- Location
- Niagara Falls, NY
- Founding
- 08/2001
- Data as of
- 12/2021
- EIN
- 14-1828590
Organization Overview
The Niagara Arts & Cultural Center Inc is located in Niagara Falls, NY. The organization was established in 2001. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Niagara Arts & Cultural Center Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Niagara Arts & Cultural 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 12/2021, Niagara Arts & Cultural Center Inc generated $455.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $431.6k during the year ending 12/2021. While expenses have increased by 3.9% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROTECT THE LANDMARK BUILDING, PRESERVE CULTURAL HERITAGE, AND PROMOTE ARTS AND CULTURAL EXPERIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NIAGARA ARTS AND CULTURAL CENTER, INC. PROVIDES FOR AN ARTS, CULTURAL AND COMMUNITY LEARNING CENTER IN NIAGARA FALLS, NEW YORK. THE MULTI-FACETED MISSION OF THE CENTER INCLUDES: OFFERING ON-GOING ARTS AND CULTURAL EDUCATION IN THE COMMUNITY; SERVING AS A VIABLE CULTURAL TOURIST DESTINATION; PRESERVATION AND UTILIZATION OF OUR HISTORIC, LANDMARK BUILDING; PROVIDING AFFORDABLE STUDIO AND OFFICE SPACE TO AREA ARTISTS AND ART GROUPS; MAKING A WIDE VARIETY OF ARTISTIC AND CULTURAL PRESENTATIONS ACCESSIBLE TO THE COMMUNITY; AND, SERVING AS A GATHERING PLACE FOR COMMUNITY EVENTS AND GROUPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen Kudeladec'd 31421 Executive Director | 40 | $2,141 | |
Rosemary Conte Vice President | OfficerTrustee | 3 | $0 |
Deborah Cutler Treasurer | OfficerTrustee | 3 | $0 |
Jennifer Mundy Secretary | OfficerTrustee | 3 | $0 |
Mary Ricciardi President | OfficerTrustee | 5 | $0 |
Edith Sanfilippo Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $54,770 |
| All other contributions, gifts, grants, and similar amounts not included above | $175,632 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $230,402 |
| Total Program Service Revenue | $231,330 |
| Investment income | $31 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$6,469 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $455,294 |
| 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. | $2,141 |
| Compensation of current officers, directors, key employees. | $535 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $149,774 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,976 |
| Payroll taxes | $13,988 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,275 |
| Fees for services: Accounting | $3,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,587 |
| Office expenses | $10,794 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $93,716 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $873 |
| Interest | $686 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $59,058 |
| Insurance | $6,423 |
| All other expenses | $16,736 |
| Total functional expenses | $431,597 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $143,919 |
| Savings and temporary cash investments | $125,285 |
| Pledges and grants receivable | $178,365 |
| Accounts receivable, net | $6,701 |
| 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 | $1,604 |
| Net Land, buildings, and equipment | $1,354,667 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $211 |
| Total assets | $1,810,752 |
| Accounts payable and accrued expenses | $108,891 |
| Grants payable | $0 |
| Deferred revenue | $392,652 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $20,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $770 |
| Total liabilities | $522,313 |
| Net assets without donor restrictions | $1,048,202 |
| Net assets with donor restrictions | $240,237 |
| 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 | $1,810,752 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that The Niagara Arts & Cultural Center Inc has recieved totaling $178,905.
| Awarding Organization | Amount |
|---|---|
John R Oishei Foundation Buffalo, NY PURPOSE: NACC CAPACITY BUILDING PROJECT | $50,000 |
John R Oishei Foundation Buffalo, NY PURPOSE: NACC CAPACITY BUILDING PROJECT | $50,000 |
Community Foundation For Greater Buffalo Inc Buffalo, NY PURPOSE: UNRESTRICTED USE; STAGES FOR GROWTH, YOUTH ARTS COLLEGE; FUNDING OF FULL OR PART-TIME STAFF | $48,600 |
Grigg Lewis Foundation Inc Lockport, NY PURPOSE: COMMUNITY | $15,000 |
Tower Family Fund Inc Buffalo, NY PURPOSE: GENERAL SUPPORT | $15,000 |
Math For America Inc New York, NY PURPOSE: EMPLOYEE MATCHING GIFT | $200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Shed Nyc Inc New York, NY | $621,442,218 | $102,270,782 |
Westchester Academic Library Directors Organization Inc New York, NY | $47,276,623 | $38,534,511 |
Pro Publica Inc New York, NY | $60,782,681 | $36,005,300 |
Pittsburgh Trust For Cultural Resources Pittsburgh, PA | $189,016,990 | $50,601,813 |
Dia Center For The Arts Inc New York, NY | $215,209,262 | $19,693,933 |
Munson-Williams-Proctor Arts Institute Utica, NY | $139,434,457 | $25,944,561 |
Bethel Woods Center For The Arts Inc Liberty, NY | $30,099,296 | $24,809,456 |
Artsquest Bethlehem, PA | $46,615,180 | $27,430,533 |
Lincoln Park Performing Arts Center Midland, PA | $37,610,958 | $11,880,429 |
Joan Mitchell Foundation Inc New York, NY | $163,093,074 | $7,287,755 |
African American Cultural Center Pittsburgh, PA | $15,275,830 | $8,128,417 |
Pioneer Works Art Foundation Brooklyn, NY | $17,838,425 | $7,041,619 |