Tri-County Arts Council Inc
- Assets
- $293.0k
- Revenue
- $200.8k
- Investments
- $0.0
- Employees
- 12
- Location
- Olean, NY
- Founding
- 02/1998
- Data as of
- 12/2022
- EIN
- 16-1540493
Organization Overview
Tri-County Arts Council Inc is located in Olean, NY. The organization was established in 1998. According to its NTEE Classification (A90) the organization is classified as: Arts Services, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Tri-County Arts Council Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tri-County Arts Council 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 12/2022, Tri-County Arts Council Inc generated $200.8k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $193.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.8%) per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE APPRECIATION OF THE ARTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRI-COUNTY ARTS COUNCIL, INC. OFFERS CLASSES TO REGIONAL RESIDENTS, ARTS ENRICHMENT CLASSES FOR HIGH SCHOOL STUDENTS, AND FREE WORKSHOPS VIA COMMUNITY LIBRARIES. IN ADDITION, THE ORGANIZATION PRODUCES PROFESSIONAL DEVELOPMENT OPPORTUNITIES AND SALES OPPORTUNITIES FOR REGIONAL ARTISTS. FURTHER, TRI-COUNTY ARTS COUNCIL, INC. PROVIDES INFORMATION SERVICES THROUGH A QUARTERLY NEWSLETTER, BIWEEKLY EMAILS AND A FULLY DEVELOPED WEBSITE.
COMMUNITY ARTS AND POTTERY STUDIO - CAPS OFFERS A DIVERSE RANGE OF INDEPTH ART INSTRUCTION, RANGING FROM PAINTING AND POTTERY TO JEWELRY DESIGN.
THE COUNCIL'S ARTISAN MARKET SHOWCASES WORKS BY REGIONAL ARTISANS AVAILABLE FOR PURCHASE. IN ADDITION, THE COUNCIL, SPONSORS NUMEROUS ARTIST EXHIBITS IN ITS GALLERY TO PROMOTE THE WORK OF REGIONAL ARTISTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paula Bernstein Executive Dir. | OfficerTrustee | 40 | $29,231 |
Mikel Wintermantel Ex Dir Emeritus | OfficerTrustee | 36 | $12,350 |
Corey Fecteau President | OfficerTrustee | 5 | $0 |
Scott Reed Asst. Treasurer | OfficerTrustee | 10 | $0 |
Lizbeth Matz Treasurer | OfficerTrustee | 5 | $0 |
Jason Dilworth Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $14,900 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $58,750 |
| All other contributions, gifts, grants, and similar amounts not included above | $63,899 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $137,549 |
| Total Program Service Revenue | $51,883 |
| Investment income | $288 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $11,096 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $200,816 |
| 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. | $41,581 |
| Compensation of current officers, directors, key employees. | $5,846 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $59,773 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,444 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,158 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,207 |
| Office expenses | $8,760 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,930 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $718 |
| Interest | $1,820 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,806 |
| Insurance | $6,647 |
| All other expenses | $3,626 |
| Total functional expenses | $193,552 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $106,191 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,411 |
| 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 | $162,960 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $12,447 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $293,009 |
| Accounts payable and accrued expenses | $3,342 |
| 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 | $0 |
| Secured mortgages and notes payable | $64,534 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $152,111 |
| Total liabilities | $219,987 |
| Net assets without donor restrictions | $67,400 |
| Net assets with donor restrictions | $5,622 |
| 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 | $293,009 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Tri-County Arts Council Inc has recieved totaling $28,330.
| Awarding Organization | Amount |
|---|---|
Greater Olean Community Foundation Olean, NY PURPOSE: GENERAL SUPPORT | $27,466 |
Cutco Foundation Inc Olean, NY PURPOSE: ANNUAL GIFT | $500 |
Cutco Foundation Inc Olean, NY PURPOSE: ANNUAL GIFT | $250 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $114 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Robert Rauschenberg Foundation New York, NY | $498,786,006 | $26,542,072 |
Corporation Of Yaddo Saratoga Springs, NY | $58,580,101 | $4,491,706 |
Emerson Umbrella Inc Concord, MA | $32,547,256 | $2,816,448 |
The Elizabeth Foundation For The Arts New York, NY | $6,747,925 | $1,576,303 |
Kaatsbaan International Dance Center Inc Tivoli, NY | $2,917,016 | $1,601,121 |
Jane And Jack Fitzpatrick Tr Stockbridge, MA | $16,214,471 | $1,247,768 |
Association For Promotion Of Jewish Secularism Valley Stream, NY | $1,073,582 | $1,051,769 |
Volunteer Lawyers For The Arts Inc New York, NY | $1,760,254 | $1,417,543 |
Arts & Business Council Of Greater Boston Inc Boston, MA | $4,352,780 | $1,647,322 |
Womens Studio Workshop Inc Rosendale, NY | $1,606,567 | $544,946 |
New Brunswick Cultural Center Inc New Brunswick, NJ | $14,306,662 | $403,521 |
Smack Mellon Studios Inc Brooklyn, NY | $757,795 | $747,790 |