Morris County Art Association
- Assets
- $67.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Morristown, NJ
- Founding
- 06/1982
- Data as of
- 05/2023
- EIN
- 22-2403677
Organization Overview
Morris County Art Association is located in Morristown, NJ. The organization was established in 1982. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Morris County Art Association 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 05/2023, Morris County Art Association generated $82.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $63.3k during the year ending 05/2023. While expenses have increased by 4.3% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
TO PROVIDE ART CLASSES FOR ADULTS AND CHILDREN AT VERY REASONABLE RATES TO BENEFIT THE LOCAL COMMUNITY AND TO ENRICH APPRECIATION FOR THE FINE ARTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nina Nemeth President | 2 | $0 | |
Joanne Mcmillian Vice Preside | 2 | $0 | |
Kathryn Collins Secretary | 2 | $0 | |
Ida Mcmanus Treasurer | 2 | $0 | |
Richard Tracy Director | 1 | $0 | |
Peter Danchise Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,309 |
| Total Program Service Revenue | $66,832 |
| Membership dues | $7,200 |
| Investment income | $1 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $82,342 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $6,224 |
| Professional fees and other payments to independent contractors | $3,575 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $53,463 |
| Total expenses | $63,262 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $45,889 |
| Other assets | $0 |
| Total assets | $67,146 |
| Total liabilities | $9,615 |
| Net assets or fund balances | $57,531 |