Cooperstown Art Association
- Assets
- $1.4m
- Revenue
- $231.6k
- Investments
- $0.0
- Employees
- 4
- Location
- Cooperstown, NY
- Founding
- 05/1957
- Data as of
- 12/2021
- EIN
- 23-7107232
Organization Overview
Cooperstown Art Association is located in Cooperstown, NY. The organization was established in 1957. According to its NTEE Classification (A26) the organization is classified as: Arts & Humanities Councils & Agencies, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Cooperstown Art Association employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cooperstown 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 12/2021, Cooperstown Art Association generated $231.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $227.1k during the year ending 12/2021. While expenses have increased by 3.3% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
LOCATED AT 22 MAIN STREET IN COOPERSTOWN, THE COOPERSTOWN ART ASSOCIATION WAS FORMED IN 1928 BY A GROUP OF SIX PROFESSIONAL ARTISTS TO SERVE AND MAINTAIN INTEREST IN THE APPLIED AND FINE ARTS AND TO PROVIDE THE MEANS TO INCREASE THE COMMUNITY'S AWARENESS AND PARTICIPATION IN THE ARTS. WE WISH TO NURTURE THE DEVELOPMENT OF BOTH ARTISTS AND AUDIENCE IN ALL MEDIA AND TO EDUCATE THE YOUTH IN THE SURROUNDING COMMUNITY. THE CAA EXHIBITS APPROXIMATELY 20 SHOWS A YEAR, FEATURING A CROSS-SECTION OF STYLES AND ABILITIES AND BRINGING IN A MULTITUDE OF ARTISTS AND PATRONS. WE OFFER CLASSES, DEMONSTRATIONS AND LECTURES THROUGHOUT THE YEAR ALONG WITH OUR ONGOING FIGURE DRAWING CLASS.SPECIAL EVENTS LIKE FINE ARTS ON THE LAWN THE PUMPKIN GLOW AND CHAMBER OF HORRORS AND THE ADORN-A-DOOR WREATH FESTIVAL HAVE BECOME ESTABLISHED BELOVED TRADITIONS IN THIS COMMUNITY AND BEYOND. IN ADDITION THE CAA ALSO SPONSORS AND CO-SPONSORS SPECIAL PROGRAMMING LIKE ARTIST STUDIO TOURS, ART FILM SERIES, THEATRICAL PRODUC
Describe the Organization's Program Activity:
Part 3 - Line 4a
COOPERSTOWN ART ASSOCIATION EXHIBITION: THE CAA EXHIBITS APPROXIMATELY 20 SHOWS A YEAR, FEATURING A CROSS-SECTION OF STYLES AND ABILITIES AND BRINGING IN A MULTITUDE OF ARTISTS AND PATRONS.
EDUCATION: PRESENTING AND TEACHING ART TO THE PUBLIC TO NURTURE THE DEVELOPMENT OF BOTH ARTISTS AND AUDIENCE IN ALL MEDIA AND TO EDUCATE THE YOUTH IN THE SURROUNDING COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cheryl Wright President | OfficerTrustee | 2 | $0 |
Charles Kieler Treasurer | OfficerTrustee | 2 | $0 |
Jennifer Victory Director | OfficerTrustee | 2 | $0 |
Lori Solensten Co Secretary | OfficerTrustee | 2 | $0 |
Donald Raddatz Vice President | OfficerTrustee | 2 | $0 |
Janet G Erway Executive Direc | Officer | 35 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $27,602 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $40,250 |
| All other contributions, gifts, grants, and similar amounts not included above | $58,372 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $126,224 |
| Total Program Service Revenue | $6,368 |
| Investment income | $26,252 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $37,331 |
| Net Income from Fundraising Events | $13,338 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $21,021 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $231,579 |
| 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. | $58,000 |
| Compensation of current officers, directors, key employees. | $5,800 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $80,011 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,819 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,374 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,076 |
| Office expenses | $5,180 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,150 |
| Travel | $330 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $126 |
| Insurance | $3,747 |
| All other expenses | $14,609 |
| Total functional expenses | $227,085 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,211 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $932 |
| Prepaid expenses and deferred charges | $12,655 |
| Net Land, buildings, and equipment | $274 |
| Investments—publicly traded securities | $1,279,926 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $30,434 |
| Total assets | $1,357,432 |
| Accounts payable and accrued expenses | $7,847 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $7,847 |
| Net assets without donor restrictions | $1,285,869 |
| Net assets with donor restrictions | $63,716 |
| 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 | $1,357,432 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Cooperstown Art Association has recieved totaling $50,305.
| Awarding Organization | Amount |
|---|---|
Scriven Foundation New York, NY PURPOSE: GENERAL SUPPORT | $50,000 |
Robert & Marjorie Alpern Foundation Cooperstown, NY PURPOSE: EXEMPT PURPOSE | $300 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Endowment Analysis
| Beg. Balance | $806,120 |
| Earnings | $98,892 |
| Admin Expense | $7,577 |
| Other Expense | $24,695 |
| Ending Balance | $872,740 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lower Manhattan Cultural Council Inc New York, NY | $12,296,474 | $4,161,213 |
Vermont Council On The Arts Inc Montpelier, VT | $1,668,560 | $4,418,731 |
Cny Arts Inc Syracuse, NY | $3,639,990 | $4,131,478 |
Artswestchester Inc White Plains, NY | $12,989,925 | $5,051,265 |
Brooklyn Arts Council Brooklyn, NY | $3,792,186 | $4,166,214 |
The Council For Canadian American Relations Inc New York, NY | $2,490,659 | $3,178,474 |
Newark Arts Council Newark, NJ | $1,947,360 | $2,660,381 |
Greater Philadelphia Cultural Alliance Philadelphia, PA | $2,137,622 | $2,196,078 |
Spaceworks Nyc Inc New York, NY | $311,147 | $269,250 |
Bronx Council On The Arts Inc Bronx, NY | $7,969,070 | $2,295,657 |
Dance Service New York City Inc New York, NY | $6,304,489 | $5,030,876 |
Flushing Council On Culture And The Arts Inc Flushing, NY | $1,674,385 | $1,969,249 |