Salem Arts Association Inc
- Assets
- $30.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Salem, MA
- Founding
- 03/2010
- Data as of
- 12/2022
- EIN
- 26-1186443
Organization Overview
Salem Arts Association Inc is located in Salem, MA. The organization was established in 2010. According to its NTEE Classification (A51) the organization is classified as: Art Museums, 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. Salem Arts Association 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, Salem Arts Association Inc generated $46.1k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.8% each year . All expenses for the organization totaled $36.3k during the year ending 12/2022. While expenses have increased by 17.3% per year over the past 6 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heather Stewart President | 16 | $0 | |
Franny Zawadzki Vice President | 8 | $0 | |
Meagan Jackson Treasurer | 16 | $0 | |
Stephanie Vincent Secretary | 2 | $0 | |
Erin Jackson Bookkeeper | 8 | $0 | |
Tim Brown Board Member | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Julie Gougherty | 12/30/18 | $150 |
Calamus Band | 12/30/18 | $125 |
Josef Nadj | 12/30/18 | $100 |
Molly Pinto Madigan | 12/30/18 | $100 |
Patricia Burson | 12/30/18 | $100 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,962 |
| Total Program Service Revenue | $0 |
| Membership dues | $13,674 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $12,448 |
| Total Revenue | $46,084 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $150 |
| Occupancy, rent, utilities, and maintenance | $9,187 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $26,937 |
| Total expenses | $36,274 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $28,789 |
| Other assets | $0 |
| Total assets | $30,785 |
| Total liabilities | $0 |
| Net assets or fund balances | $30,785 |