Oil Painters Of America
- Assets
- $390.9k
- Revenue
- $536.1k
- Investments
- $0.0
- Employees
- 5
- Location
- Crystal Lake, IL
- Founding
- 05/1992
- Data as of
- 12/2022
- EIN
- 36-3789172
Organization Overview
Oil Painters Of America is located in Crystal Lake, IL. The organization was established in 1992. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Oil Painters Of America employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oil Painters Of America 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, Oil Painters Of America generated $536.1k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $560.4k during the year ending 12/2022. While expenses have increased by 2.8% per year over the past 4 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PRESERVATION OF OIL PAINTING AS AN ART FORM.
Describe the Organization's Program Activity:
FURTHER OIL PAINTING AS AN ART FORM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kurt Anderson Director | Trustee | 2 | $8,200 |
Susan Abma President | OfficerTrustee | 2 | $0 |
Jane Hunt Vice President | OfficerTrustee | 2 | $0 |
Stuart Fullerton Secretary/treas | OfficerTrustee | 2 | $0 |
Suzie Baker Director | Trustee | 2 | $0 |
Stephanie Birdsall Director | Trustee | 2 | $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 | $79,990 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $79,990 |
| Total Program Service Revenue | $414,772 |
| Investment income | $715 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $24,242 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $536,106 |
| 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. | $8,200 |
| Compensation of current officers, directors, key employees. | $3,445 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $137,857 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $124 |
| Fees for services: Accounting | $6,405 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $60,246 |
| Advertising and promotion | $175 |
| Office expenses | $7,875 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $154,540 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,128 |
| Insurance | $3,401 |
| All other expenses | $11,917 |
| Total functional expenses | $560,350 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $286,235 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,085 |
| 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 | $20,445 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $82,149 |
| Other assets | $0 |
| Total assets | $390,914 |
| Accounts payable and accrued expenses | $7,759 |
| Grants payable | $0 |
| Deferred revenue | $152,295 |
| 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 | $150,000 |
| Other liabilities | $13,376 |
| Total liabilities | $323,430 |
| Net assets without donor restrictions | $61,984 |
| Net assets with donor restrictions | $5,500 |
| 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 | $390,914 |