Yard Inc
- Assets
- $3.7m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 13
- Location
- Chilmark, MA
- Founding
- 11/1992
- Data as of
- 12/2022
- EIN
- 23-7348937
Organization Overview
Yard Inc is located in Chilmark, MA. The organization was established in 1992. According to its NTEE Classification (A62) the organization is classified as: Dance, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Yard Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Yard 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 12/2022, Yard Inc generated $1.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $1.4m during the year ending 12/2022. While expenses have increased by 3.1% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE YARD SUPPORTS ARTISTS IN BOTH THEIR CREATIVE PROCESSES AND SOCIAL INSTRUMENTALITY THROUGH PAID RESEARCH RESIDENCY, PUBLIC PERFORMANCE, AND LONG-TERM EDUCATIONAL AND COMMUNITY ENGAGEMENT ACROSS ALL AGES AND DIVERSE POPULATIONS OF MARTHA'S VINEYARD, AND IN BROAD APPLICATION TO NEW ENGLAND AND THE NATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING A SUPPORTIVE ENVIRONMENT FOR DANCE DEVELOPMENT THROUGH CREATIVE RESEARCH RESIDENCY FOR ARTISTS, CHOREOGRAPHIC MENTORSHIP, BROWN BAG LUNCH SEMINAR, COMMUNITY ROUNDTABLES. AS WELL AS PROVIDING A VENUE FOR PERFORMANCES IN THE PERFORMING ARTS, INCLUDING CONTEMPOARY DANCE AND RELATED FORMS, PUPPETRY, CHILDREN'S THEATER, MUSIC, SPOKEN WORD, AND MORE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michele Sasso Chair | OfficerTrustee | 5 | $0 |
Joyce Thornhill Treasurer | OfficerTrustee | 5 | $0 |
Courtney Lee Secretary/clerk | OfficerTrustee | 5 | $0 |
Martha Hart Eddy Director | Trustee | 1 | $0 |
Catherine Hartnett Director | Trustee | 5 | $0 |
Rebecca Haverson Director | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Handel Architects Campus Design | 12/30/22 | $210,940 |
Yfj Consulting Llc Fundraising | 12/30/22 | $105,302 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $173,420 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,606,457 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,779,877 |
| Total Program Service Revenue | $45,031 |
| Investment income | $86 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $600 |
| 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 | $1,543 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,827,137 |
| 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. | $143,878 |
| Compensation of current officers, directors, key employees. | $71,939 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $202,608 |
| Pension plan accruals and contributions | $598 |
| Other employee benefits | $0 |
| Payroll taxes | $32,168 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,925 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $105,302 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $415,677 |
| Advertising and promotion | $7,959 |
| Office expenses | $31,623 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $82,550 |
| Travel | $27,035 |
| 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 | $23,420 |
| Insurance | $36,533 |
| All other expenses | $10,038 |
| Total functional expenses | $1,400,273 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,416,770 |
| Savings and temporary cash investments | $280,730 |
| Pledges and grants receivable | $56,000 |
| 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 | $5,461 |
| Net Land, buildings, and equipment | $1,963,669 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,722,630 |
| Accounts payable and accrued expenses | $97,164 |
| 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 | $97,164 |
| Net assets without donor restrictions | $2,274,201 |
| Net assets with donor restrictions | $1,351,265 |
| 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 | $3,722,630 |