Boston Center For The Arts Inc
- Assets
- $29.6m
- Revenue
- $3.3m
- Investments
- $116.7k
- Employees
- 44
- Location
- Boston, MA
- Founding
- 12/1970
- Data as of
- 06/2022
- EIN
- 23-7089998
Organization Overview
Boston Center For The Arts Inc is located in Boston, MA. The organization was established in 1970. According to its NTEE Classification (A61) the organization is classified as: Performing Arts Centers, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Boston Center For The Arts Inc employed 44 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boston Center For The Arts 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, Boston Center For The Arts Inc generated $3.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $3.8m during the year ending 06/2022. While expenses have increased by 4.5% 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
BOSTON CENTER FOR THE ARTS (BCA) IS A NOT-FOR-PROFIT PERFORMING AND VISUAL ARTS CAMPUS THAT SUPPORTS WORKING ARTISTS TO CREATE, PERFORM AND EXHIBIT NEW WORKS; DEVELOPS NEW AUDIENCES; AND CONNECTS THE ARTS TO COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BOSTON CENTER FOR THE ARTS SUPPORTS AND PRESENTS ARTISTS IN THE VISUAL AND PERFORMING ARTS TO CREATE, PERFORM AND EXHIBIT NEW AND EXPERIMENTAL WORKS. THE BCA HOSTS AND PRESENTS GALLERY EXHIBITIONS, PUBLIC ART, THEATRICAL PERFORMANCES, MUSIC CONCERTS, DANCE PERFORMANCES AND MIXED MEDIA EVENTS IN ITS VISUAL ART, THEATRE AND CYCLORAMA SPACES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emily Day Co-Director | Officer | 40 | $157,208 |
Kristi Keefe Co-Director | Officer | 40 | $155,568 |
Jennifer Pinck Chair | OfficerTrustee | 2 | $0 |
Hannah B Kanstroom Secretary | OfficerTrustee | 2 | $0 |
Randall M Walther Treasurer | OfficerTrustee | 2 | $0 |
Molly Mcdonald Co-Vice Chair | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $620,124 |
| All other contributions, gifts, grants, and similar amounts not included above | $785,574 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,405,698 |
| Total Program Service Revenue | $1,334,563 |
| Investment income | $35,872 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $479,081 |
| Net Gain/Loss on Asset Sales | $12,891 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,268,105 |
| 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. | $387,423 |
| Compensation of current officers, directors, key employees. | $146,319 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $983,158 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $134,417 |
| Payroll taxes | $96,467 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $263,610 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,428 |
| Fees for services: Other | $238,895 |
| Advertising and promotion | $52,863 |
| Office expenses | $8,234 |
| Information technology | $55,406 |
| Royalties | $0 |
| Occupancy | $411,018 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,897 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $872,645 |
| Insurance | $103,547 |
| All other expenses | $0 |
| Total functional expenses | $3,768,961 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $703,392 |
| Savings and temporary cash investments | $864,768 |
| Pledges and grants receivable | $276,218 |
| Accounts receivable, net | $23,941 |
| 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 | $66,408 |
| Net Land, buildings, and equipment | $26,435,811 |
| Investments—publicly traded securities | $1,093,578 |
| Investments—other securities | $116,686 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $29,580,802 |
| Accounts payable and accrued expenses | $416,487 |
| Grants payable | $0 |
| Deferred revenue | $261,197 |
| 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 | $500,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,177,684 |
| Net assets without donor restrictions | $27,639,762 |
| Net assets with donor restrictions | $763,356 |
| 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 | $29,580,802 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Boston Center For The Arts Inc has recieved totaling $58,813.
| Awarding Organization | Amount |
|---|---|
Liberty Mutual Foundation Inc Boston, MA PURPOSE: BOSTON CENTER FOR THE ARTS RESIDENCY PROGRAMS | $45,000 |
Clinton H & Wilma T Shattuck Charitable Trust Boston, MA PURPOSE: ARTISTIC PROGRAMS | $10,000 |
Eastern Bank Charitable Foundation Lynn, MA PURPOSE: EXEMPT PURPOSE | $2,500 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $412 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $400 |
Fidelity Foundation Boston, MA PURPOSE: COVID-19 PROGRAM | $300 |
Endowment Analysis
| Beg. Balance | $93,300 |
| Ending Balance | $93,300 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Horace Bushnell Memorial Hall Corporation Hartford, CT | $69,994,331 | $15,110,595 |
Rochester Broadway Theatre League Inc Rochester, NY | $14,097,725 | $11,757,109 |
Celebrity Series Of Boston Boston, MA | $21,295,635 | $11,486,131 |
Arts Center And Theater Of Schenectady Inc Schenectady, NY | $59,537,808 | $17,534,824 |
Saratoga Springs Performing Arts Center Inc Saratoga Springs, NY | $31,890,328 | $10,810,263 |
Tremont Theatre Inc Boston, MA | $4,028,653 | $4,834,729 |
Stamford Center For The Arts Inc Stamford, CT | $18,714,807 | $7,026,118 |
Palace Theatre Trust Manchester, NH | $12,127,067 | $4,561,211 |
Friends Of The Music Hall Portsmouth, NH | $11,111,524 | $6,060,196 |
Palace Theater Group Inc Waterbury, CT | $7,137,767 | $7,444,031 |
Symphony Space Inc New York, NY | $23,080,716 | $5,038,783 |
Cabot Performing Arts Center Inc Beverly, MA | $9,302,777 | $5,349,464 |