Arts For Kids Inc
- Assets
- $84.1k
- Revenue
- $235.3k
- Investments
- $0.0
- Employees
- 6
- Location
- West Orange, NJ
- Founding
- 04/2001
- Data as of
- 06/2022
- EIN
- 22-3764489
Organization Overview
Arts For Kids Inc is located in West Orange, NJ. The organization was established in 2001. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Arts For Kids Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arts For Kids 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 06/2022, Arts For Kids Inc generated $235.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.3% each year . All expenses for the organization totaled $256.1k during the year ending 06/2022. While expenses have increased by 13.5% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ARTS EDUCATION, TRAINING, APPRECIATION AND RECREATION FOR STUDENTS, EDUCATORS AND COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ARTS-IN-EDUCATION RESIDENCIES, PERFORMANCES AND PROFESSIONAL DEVELOPMENT IN MUSIC, DRAMA, DANCE AND VISUAL ART AND TECHNOLOGY THAT ARE PRESENTED TO CHILDREN, FAMILIES AND EDUCATORS IN SCHOOLS, COMMUNITY CENTERS AND PUBLIC SPACES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vincent Ector Executive Director | Officer | 40 | $42,666 |
Karen Ector Vice President | Officer | 15 | $19,910 |
Stephanie Faloyin Trustee/legal | OfficerTrustee | 2 | $0 |
Desiree Gordon Trustee/secretary | OfficerTrustee | 2 | $0 |
Ronald Cope Board Chair | Officer | 2 | $0 |
Roderick Spearman Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $76,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,307 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $78,307 |
| Total Program Service Revenue | $157,037 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $235,344 |
| 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. | $62,576 |
| Compensation of current officers, directors, key employees. | $3,129 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $19,461 |
| Pension plan accruals and contributions | $4,000 |
| Other employee benefits | $0 |
| Payroll taxes | $8,880 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $99,050 |
| Advertising and promotion | $0 |
| Office expenses | $11,021 |
| Information technology | $3,796 |
| Royalties | $0 |
| Occupancy | $5,319 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,915 |
| Interest | $4,794 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,735 |
| Insurance | $6,906 |
| All other expenses | $2,225 |
| Total functional expenses | $256,078 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,835 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $17,300 |
| Accounts receivable, net | $0 |
| 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 | $1,160 |
| Net Land, buildings, and equipment | $47,831 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $84,126 |
| Accounts payable and accrued expenses | $45,482 |
| 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 | $32,855 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $78,337 |
| Net assets without donor restrictions | $5,789 |
| 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 | $84,126 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Arts For Kids Inc has recieved totaling $16,006.
| Awarding Organization | Amount |
|---|---|
Princeton Area Community Foundation Inc Lawrenceville, NJ PURPOSE: New Jersey Arts and Culture Recovery Fund Grant Ap | $16,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $6 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kimmel Center Inc Philadelphia, PA | $245,953,445 | $41,081,924 |
Brooklyn Academy Of Music Inc Brooklyn, NY | $168,013,887 | $29,572,079 |
South Street Theater Co Inc Morristown, NJ | $25,009,095 | $16,372,684 |
Bric Arts Media Bklyn Inc Brooklyn, NY | $22,086,824 | $12,315,164 |
The Apollo Theater Foundation Inc New York, NY | $69,978,827 | $33,324,849 |
Joshua M Freeman Foundation Selbyville, DE | $7,026,329 | $10,885,831 |
Performing Arts Consultants Inc Brick, NJ | $2,328,922 | $7,486,685 |
Shen Yun Performing Arts Inc Cuddebackville, NY | $196,627,077 | $30,836,971 |
Foundation For Contemporary Arts Inc New York, NY | $44,020,214 | $7,582,108 |
Delaware College Of Art And Design Wilmington, DE | $12,063,919 | $5,103,900 |
National Comedy Center Operator Inc Jamestown, NY | $24,581,570 | $2,926,105 |
World Trade Center Performing Arts Center Inc New York, NY | $505,865,812 | $148,493,145 |