Ducret School Of The Arts
- Assets
- $799.5k
- Revenue
- $361.6k
- Investments
- $0.0
- Employees
- 27
- Location
- Plainfield, NJ
- Founding
- 11/1970
- Data as of
- 06/2021
- EIN
- 22-1890880
Organization Overview
Ducret School Of The Arts is located in Plainfield, NJ. The organization was established in 1970. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Ducret School Of The Arts employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ducret School Of The Arts 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 06/2021, Ducret School Of The Arts generated $361.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $286.3k during the year ending 06/2021. While expenses have increased by 0.7% per year over the past 6 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
INDUSTRIAL, COMMERCIAL AND FINE ARTS EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
INDUSTRIAL, COMMERCIAL AND FINE ARTS EDUCATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arne Aakre President | OfficerTrustee | 5 | $0 |
Jennifer Johnson-Tiognson Secretary | OfficerTrustee | 5 | $0 |
Elijah Brice-Middleton Trustee | Trustee | 2 | $0 |
Michael Francois Trustee | Trustee | 2 | $0 |
Joan Coll-Reilly Trustee | Trustee | 2 | $0 |
Elaine Dedousis Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $126,819 |
| All other contributions, gifts, grants, and similar amounts not included above | $86,092 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $212,911 |
| Total Program Service Revenue | $137,561 |
| 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 | $10,263 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $907 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $361,642 |
| 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 | $113,346 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,262 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $985 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,557 |
| Office expenses | $4,680 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,971 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,811 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $34,312 |
| Insurance | $30,368 |
| All other expenses | $15,285 |
| Total functional expenses | $286,311 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $120,800 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,167 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $9,131 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $552,937 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $96,444 |
| Total assets | $799,479 |
| Accounts payable and accrued expenses | $57,104 |
| 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 | $137,242 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,650 |
| Total liabilities | $195,996 |
| Net assets without donor restrictions | $603,483 |
| 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 | $799,479 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Ducret School Of The Arts has recieved totaling $80,780.
| Awarding Organization | Amount |
|---|---|
Mccutchen Foundation Brunswick, MD PURPOSE: GENERAL SUPPORT | $30,000 |
Princeton Area Community Foundation Inc Lawrenceville, NJ PURPOSE: New Jersey Arts and Culture Recovery Fund Grant Ap | $22,500 |
E J Grassmann Trust Warren, NJ PURPOSE: CAPITAL FUND SUPPORT | $15,000 |
Joseph L K Snyder Tr Uw 0115574 Fbo Gertrude M Conroy & Anna D Snyder Pittsburgh, PA PURPOSE: 95 IN '95 | $13,280 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Manhattan School Of Music New York, NY | $110,734,113 | $63,876,459 |
Franklin Institute Philadelphia, PA | $191,202,786 | $32,040,912 |
Art Students League Of New York New York, NY | $112,886,191 | $14,274,262 |
Saul Steinberg Foundation New York, NY | $2,326,445 | $165,696 |
Studio In A School Association New York, NY | $26,491,871 | $6,228,421 |
Global Disciples Lancaster, PA | $4,481,434 | $6,431,035 |
Harlem School Of The Arts Inc New York, NY | $16,306,795 | $5,380,840 |
Dreamyard Project Inc Bronx, NY | $4,474,380 | $5,509,637 |
Grounds For Sculpture Inc Hamilton, NJ | $36,793,406 | $11,597,062 |
Powerhouse Arts Inc Brooklyn, NY | $187,718,007 | $2,438,930 |
American Academy Of Arts And Letters New York, NY | $101,076,393 | $10,417,737 |
The Arts Connection Inc New York, NY | $2,703,336 | $4,972,330 |