Infinity Visual And Performing Arts Inc
- Assets
- $1.2m
- Revenue
- $992.9k
- Investments
- $0.0
- Employees
- 40
- Location
- Jamestown, NY
- Founding
- 10/2005
- Data as of
- 08/2022
- EIN
- 30-0268598
Organization Overview
Infinity Visual And Performing Arts Inc is located in Jamestown, NY. The organization was established in 2005. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 08/2022, Infinity Visual And Performing Arts Inc employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Infinity Visual And Performing 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 08/2022, Infinity Visual And Performing Arts Inc generated $992.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.6% each year . All expenses for the organization totaled $593.6k during the year ending 08/2022. While expenses have increased by 2.8% 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
INFINITY VISUAL AND PERFORMING ARTS, INC. (INFINITY) SEEKS TO PROVIDE AND PROMOTE EDUCATION AND THE ARTS FOR PERSONS OF ALL AGES. INFINITY SEEKS TO EMPOWER YOUTH FROM ALL WALKS OF LIFE TO MAXIMIZE THEIR POTENTIAL BY DEVELOPING LEADERSHIP, CREATIVITY, AND CONFIDENCE THROUGH MUSIC, ART, DANCE, THEATER, PERFORMANCE MENTORSHIP, AND ENRICHMENT ACTIVITIES. YOUTH SCHOLARSHIPS ARE AVAILABLE TO ENSURE THAT EVERY INTERESTED CHILD HAS A CHANCE TO PARTICIPATE AND LEARN. INFINITY INCORPORATED IN 2005 AND IS GOVERNED BY A VOLUNTEER BOARD OF DIRECTORS. INFINITY VISUAL AND PERFORMING ARTS, INC. WAS FORMED FOR CHARITABLE PURPOSES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES. DONORS MAY DEDUCT CONTRIBUTIONS MADE TO THE ORGANIZATION WITHIN THE IRC REGULATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INFINITY VISUAL AND PERFORMING ARTS, INC. (INFINITY) PROVIDES EDUCATIONAL OPPORTUNITIES AND ACCESS TO THE VISUAL AND PERFORMING ARTS THROUGH MUSIC, ART, DANCE, AND THEATER ENRICHMENT ACTIVITIES FOR YOUTH AGES 3 TO 21 IN AND AROUND CHAUTAUQUA COUNTY. INFINITY PROVIDES YOUTH MENTORSHIP, INDIVIDUAL AND GROUP INSTRUCTION, PERFORMANCE OPPORTUNITIES, DAY CAMPS, AND WORKSHOPS FOR MORE THAN 500 STUDENTS EACH YEAR AT THE 14,000 SQUARE FOOT INFINITY VISUAL AND PERFORMING ARTS CENTER. INFINITY ALSO PROVIDES MUSIC AND ARTS EXPERIENCES AND INSTRUCTION TO AN ADDITIONAL 700 STUDENTS WITHIN THE COMMUNITY THROUGH CONTRACTED SERVICE AGREEMENTS WITH LOCAL SCHOOL DISTRICTS, GOVERNMENTS,AND ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shane Hawkins Executive Di | Officer | 40 | $72,660 |
Karen Schiavone Pres, Ended | OfficerTrustee | 1 | $0 |
Stephen Riczker Treasurer | OfficerTrustee | 1 | $0 |
Justin March Vp-1/22, Pre | OfficerTrustee | 1 | $0 |
Kirk D Young Vp, Ended 12 | OfficerTrustee | 1 | $0 |
Makayla Santiago-Froebel Vp, Started | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $141,980 |
| All other contributions, gifts, grants, and similar amounts not included above | $624,550 |
| Noncash contributions included in lines 1a–1f | $13,271 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $766,530 |
| Total Program Service Revenue | $204,120 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $22,275 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $992,925 |
| 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. | $72,660 |
| Compensation of current officers, directors, key employees. | $54,495 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $305,367 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $17,847 |
| Payroll taxes | $27,860 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,316 |
| Advertising and promotion | $9,763 |
| Office expenses | $5,704 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $46,085 |
| 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 | $16,122 |
| Insurance | $7,613 |
| All other expenses | $888 |
| Total functional expenses | $593,614 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $582,550 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $93,087 |
| Accounts receivable, net | $1,179 |
| 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 | $10,764 |
| Net Land, buildings, and equipment | $477,264 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,481 |
| Total assets | $1,175,325 |
| Accounts payable and accrued expenses | $130,452 |
| Grants payable | $0 |
| Deferred revenue | $89,747 |
| 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 | $220,199 |
| Net assets without donor restrictions | $587,272 |
| Net assets with donor restrictions | $367,854 |
| 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 | $1,175,325 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Infinity Visual And Performing Arts Inc has recieved totaling $442,150.
| Awarding Organization | Amount |
|---|---|
Chautauqua Region Community Foundation Inc Jamestown, NY PURPOSE: OPERATING SUPPORT | $133,014 |
John R Oishei Foundation Buffalo, NY PURPOSE: PEARL CITY CLAY HOUSE | $119,000 |
Reginald A And Elizabeth S Lenna Foundation Inc Lakewood, NY PURPOSE: PEARL CITY CLAY HOUSE, OPERATIONAL SUPPORT, GENERAL SUPPORT | $62,000 |
Hultquist Foundation Inc Jamestown, NY PURPOSE: INFINITY ARTS CAFE LIVE PERFORMANCE VENUE | $43,382 |
Carnahan-Jackson Foundation Erie, PA PURPOSE: UNRESTRICTED- GENERAL | $30,000 |
The Western New York Foundation Buffalo, NY PURPOSE: COVID RECOVERY GRANT: REBRANDING AND MARKETING INITIATIVE | $25,000 |
Endowment Analysis
| Beg. Balance | $43,382 |
| Admin Expense | $7,650 |
| Net Contributions | $51,000 |
| Grants | $33,851 |
| Ending Balance | $52,881 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kimmel Center Inc Philadelphia, PA | $245,953,445 | $41,081,924 |
Brooklyn Academy Of Music Inc Brooklyn, NY | $168,013,887 | $29,572,079 |
South Street Theater Co Inc Morristown, NJ | $25,009,095 | $16,372,684 |
Bric Arts Media Bklyn Inc Brooklyn, NY | $22,086,824 | $12,315,164 |
The Apollo Theater Foundation Inc New York, NY | $69,978,827 | $33,324,849 |
New Haven Center For Performing Arts Inc Waterbury, CT | $12,801,705 | $9,109,828 |
Performing Arts Consultants Inc Brick, NJ | $2,328,922 | $7,486,685 |
Shen Yun Performing Arts Inc Cuddebackville, NY | $196,627,077 | $30,836,971 |
Foundation For Contemporary Arts Inc New York, NY | $44,020,214 | $7,582,108 |
National Comedy Center Operator Inc Jamestown, NY | $24,581,570 | $2,926,105 |
World Trade Center Performing Arts Center Inc New York, NY | $505,865,812 | $148,493,145 |
Associated Production Services Inc Trevose, PA | $3,216,743 | $4,781,597 |