Batavia Artists Association
- Assets
- $339.8k
- Revenue
- $434.8k
- Investments
- $0.0
- Employees
- 15
- Location
- Batavia, IL
- Founding
- 10/2009
- Data as of
- 06/2022
- EIN
- 26-3014509
Organization Overview
Batavia Artists Association, operating under the name Water Street Studios, is located in Batavia, IL. The organization was established in 2009. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Water Street Studios employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Water Street Studios 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, Water Street Studios generated $434.8k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $482.6k during the year ending 06/2022. While expenses have increased by 5.5% per year over the past 5 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
IT IS THE OBJECTIVE OF BAAI TO MAKE THE ARTS ACCESSIBLE TO THE FOX VALLEY REGION AND BEYOND. IT IS THEIR VISION TO BE A CULTURAL HUB IN THE MIDWEST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OFFERS HIGH QUALITY PROGRAMS THAT INCLUDE ART EDUCATION CLASSES, WORKSHOPS, AND COMMUNITY OUTREACH. THE EDUCATION PROGRAM PROVIDES CLASSES IN A WIDE VARIETY OF MEDIUMS, INCLUDING DRAWING, PAINTING, PRINTMAKING, CERAMICS, METALWORKING, JEWELRY MAKING, ENCAUSTIC, AND MORE. JUST UNDER 1,000 STUDENTS ARE SERVED EVERY YEAR. OVER 700 FREE ART SESSIONS ARE MADE AVAILABLE TO CHILDREN, TEENS, AND FAMILIES THROUGH THE OUTREACH PROGRAMS. THE OUTREACH PROGRAMS PARTNER WITH LOCAL SCHOOLS AND ORGANIZATIONS TO MAKE THE ARTS ACCESSIBLE TO THOSE WHO WOULD NOT OTHERWISE HAVE THE ARTS.
THE ORGANIZATION HAS OVER 4,000 SQUARE FEET DEDICATED TO GALLERY SPACE FOR THE CURATED WORKS OF LOCAL, NATIONAL, AND INTERNATIONAL ARTISTS. THE GALLERIES EXHIBIT 24 SHOWS ANNUALLY. THEY HOST EVENTS INCLUDING WORKSHOPS, LECTURES, PERFORMANCES, AND PRIVATE PARTIES IN THE GALLERIES FOR THE ART IS MADE MORE ACCESSIBLE TO THE COMMUNITY.
THE ORGANIZATION OFFERS 25 SUBSIDIZED ARTIST STUDIOS FOR EMERGING AND PROFESSIONAL ARTISTS. THE ORGANIZATION OFFERS ALL RESIDENT ARTISTS THE OPPORTUNITY EXHIBIT, TEACH, AND SELL ARTWORK ON THE PREMISES. THE ORGANIZATION ALSO OFFERS A MAKER-SPACE PROGRAM THAT PROVIDES ACCESS TO SPECIALIZED PRINT, CERAMICS, AND METAL EQUIPMENTS FOR SELF-DIRECTED ARTISTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Tracy Fmr Exec Direct | Officer | 40 | $48,342 |
Matt Smith President | OfficerTrustee | 4 | $0 |
Kimberly Luthin Vp/sec | OfficerTrustee | 3 | $0 |
Randy Hall Treasurer | OfficerTrustee | 3 | $0 |
Richard Deveau Director | Trustee | 2 | $0 |
Roger Breisch Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $329 |
| Membership dues | $14,119 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $11,300 |
| All other contributions, gifts, grants, and similar amounts not included above | $97,112 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $122,860 |
| Total Program Service Revenue | $308,455 |
| Investment income | $1,189 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,281 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $434,785 |
| 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. | $48,342 |
| Compensation of current officers, directors, key employees. | $29,005 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $97,955 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,996 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $555 |
| Fees for services: Accounting | $7,614 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,603 |
| Advertising and promotion | $4,181 |
| Office expenses | $5,789 |
| Information technology | $1,498 |
| Royalties | $0 |
| Occupancy | $105,058 |
| Travel | $0 |
| 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 | $5,907 |
| Insurance | $8,536 |
| All other expenses | $30,499 |
| Total functional expenses | $482,614 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $66,279 |
| Savings and temporary cash investments | $159,354 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $41,293 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $72,899 |
| Total assets | $339,825 |
| Accounts payable and accrued expenses | $0 |
| 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 | $13,292 |
| Total liabilities | $13,292 |
| Net assets without donor restrictions | $258,834 |
| Net assets with donor restrictions | $67,699 |
| 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 | $339,825 |