Springfield Arts Council Inc
- Assets
- $1.1m
- Revenue
- $866.9k
- Investments
- $753.8k
- Employees
- 19
- Location
- Springfield, OH
- Founding
- 08/1967
- Data as of
- 08/2023
- EIN
- 31-6077714
Organization Overview
Springfield Arts Council Inc is located in Springfield, OH. The organization was established in 1967. 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 08/2023, Springfield Arts Council Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Springfield Arts Council 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 08/2023, Springfield Arts Council Inc generated $866.9k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $922.2k during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (0.4%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO BUILD A BETTER COMMUNITY BY SHARING THE PERFORMING ARTS WITH ALL CITIZENS OF SPRINGFIELD, CLARK COUNTY, AND SURROUNDING REGION.
Describe the Organization's Program Activity:
ARTS IN CLASSROOM: SERIES OF LIVE IN-SCHOOL PERFORMANCES AND RESIDENCIES AVAILABLE TO THE PUBLIC, PRIVATE, AND PAROCHIAL SCHOOLS THROUGHOUT CLARK COUNTY.
PROMOTE THE ARTS IN THE COMMUNITY THROUGH VARIOUS ACTIVITIES.
ARTIST SERIES: TOP-NAME ENTERTAINMENT BROUGHT TO SPRINGFIELD AREA DURING WINTER MONTHS.
ARTS FESTIVAL: FOUR WEEK PRESENTATION OF LOCAL AND NATIONAL TALENT PROVIDED FREE TO THE COMMUNITY IN CITY PARK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Hagenbaugh President | OfficerTrustee | 1 | $0 |
Josh Compston Past President | Trustee | 1 | $0 |
Arif Mirza President Elect | OfficerTrustee | 1 | $0 |
Betsy Yirak Secretary | OfficerTrustee | 1 | $0 |
Rick Moon Treasurer | OfficerTrustee | 1 | $0 |
Pam Baldridge At Large | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $371,806 |
| Noncash contributions included in lines 1a–1f | $5,147 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $371,806 |
| Total Program Service Revenue | $441,179 |
| Investment income | $12,601 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $285 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $38,525 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $866,909 |
| 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. | $82,639 |
| Compensation of current officers, directors, key employees. | $36,871 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $184,818 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $17,919 |
| Payroll taxes | $19,902 |
| 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 | $0 |
| Fees for services: Other | $48,713 |
| Advertising and promotion | $29,379 |
| Office expenses | $9,526 |
| Information technology | $9,116 |
| Royalties | $0 |
| Occupancy | $24,000 |
| 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 | $19,440 |
| Insurance | $8,134 |
| All other expenses | $17,256 |
| Total functional expenses | $922,163 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $170,735 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $46,428 |
| Net Land, buildings, and equipment | $33,857 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $753,827 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $69,232 |
| Total assets | $1,074,079 |
| Accounts payable and accrued expenses | $19,649 |
| Grants payable | $0 |
| Deferred revenue | $44,767 |
| 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 | $69,232 |
| Total liabilities | $133,648 |
| Net assets without donor restrictions | $940,431 |
| Net assets with donor restrictions | $0 |
| 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 | $1,074,079 |