Hopewell Valley Arts Council Inc
- Assets
- $7.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Hopewell, NJ
- Founding
- 07/2014
- Data as of
- 12/2021
- EIN
- 46-2693345
Organization Overview
Hopewell Valley Arts Council Inc is located in Hopewell, NJ. The organization was established in 2014. According to its NTEE Classification (A01) the organization is classified as: Alliances & Advocacy, 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. Hopewell Valley 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 12/2021, Hopewell Valley Arts Council Inc generated $147.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $167.8k during the year ending 12/2021. While expenses have increased by 10.9% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
FUND PROGRAMS, EVENTS AND COMMUNITY SPACES THAT SUPPORT THE VISUAL, PERFORMING, MUSICAL, LITERARY AND CULINARY ARTS IN THE HOPEWELL VALLEY, NEW JERSEY AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol A Lipson Executive Director | 40 | $59,375 | |
Chad Goerner Vice President | 5 | $0 | |
Kyle Wille Trustee | 5 | $0 | |
Craig Lieboff Trustee | 5 | $0 | |
Michelle Needham President | 5 | $0 | |
Jennifer Petrino Treasurer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $88,229 |
| Total Program Service Revenue | $53,195 |
| Membership dues | $5,425 |
| Investment income | $276 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $147,125 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $59,375 |
| Professional fees and other payments to independent contractors | $38,525 |
| Occupancy, rent, utilities, and maintenance | $4,332 |
| Printing, publications, postage, and shipping | $750 |
| Other expenses | $64,864 |
| Total expenses | $167,846 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $5,507 |
| Other assets | $0 |
| Total assets | $7,007 |
| Total liabilities | $20,018 |
| Net assets or fund balances | -$13,011 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Hopewell Valley Arts Council Inc has recieved totaling $21,137.
| Awarding Organization | Amount |
|---|---|
Greater Washington Community Foundation Washington, DC PURPOSE: GENERAL SUPPORT | $12,500 |
Princeton Area Community Foundation Inc Lawrenceville, NJ PURPOSE: New Jersey Arts and Culture Recovery Fund Grant Ap | $8,600 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $37 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Us India Friendship Alliance Inc New York, NY | $3,250,782 | $21,813,031 |
Philadelphia Mural Arts Advocates Philadelphia, PA | $13,776,792 | $9,126,608 |
Television Bureau Of Advertising Inc New York, NY | $8,780,795 | $8,682,218 |
Alliance Of Resident Theatres New York Inc New York, NY | $28,269,897 | $3,646,469 |
Opportunity Agenda Inc New York, NY | $12,042,303 | $10,913,662 |
Printing Industries Of America Inc Warrendale, PA | $0 | $745,523 |
Femm Foundation New York, NY | $172,409 | $928,497 |
Mr Mo Project Senior Dog Rescue Inc Clifton Park, NY | $93,771 | $728,130 |
Fifty Shades Of Purple Against Bullying Philadelphia, PA | $2,153 | $331,995 |
South Jersey Cultural Alliance Inc Galloway, NJ | $256,942 | $437,074 |
New Jersey Cable Television Association Trenton, NJ | $458,337 | $173,800 |
Ypo Inc Wilmington, DE | $707,212 | $452,206 |