Inner Arbor Trust Inc
- Assets
- $7.9m
- Revenue
- $849.4k
- Investments
- $0.0
- Employees
- 27
- Location
- Columbia, MD
- Founding
- 01/2014
- Data as of
- 04/2022
- EIN
- 46-2748824
Organization Overview
Inner Arbor Trust Inc, operating under the name Nina Basu, is located in Columbia, MD. The organization was established in 2014. According to its NTEE Classification (A61) the organization is classified as: Performing Arts Centers, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 04/2022, Nina Basu employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nina Basu 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 04/2022, Nina Basu generated $849.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.5%) each year. All expenses for the organization totaled $1.2m during the year ending 04/2022. 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
TO PROMOTE AND NURTURE A PARK IN A UNIQUE NATURAL SETTING FOR A VARIETY OF ARTS AND CULTURE EXPERIENCES THAT ENRICH THE ENTIRE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INNER ARBOR TRUST OPENED THE ICONIC CHRYSALIS AMPHITHEATRE ON APRIL 22, 2017, BRINGING HIGH-QUALITY ARTS AND CULTURE PROGRAMMING TO DOWNTOWN COLUMBIA. THE CHRYSALIS PRESENTS PERFORMANCES, INCLUDING COMMERCIAL TICKETED, NON-COMMERCIAL TICKETED, AND FREE AND OPEN TO THE PUBLIC EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nina Basu President & | Officer | 40 | $84,000 |
Ellen Flynn Giles Vice Chair/s | Officer | 5 | $0 |
William Woodcock Treasurer | Officer | 1 | $0 |
Lindell C Eagan Chair | Officer | 5 | $0 |
Lakey Boyd Director | Trustee | 1 | $0 |
Richard Boulton Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
A Zahner Company Structure/engineering | 4/29/18 | $255,290 |
It's My Amphitheater Inc Park Improvements | 4/29/18 | $105,234 |
The Whiting-turner Contracting Co Structure/engineering | 4/29/18 | $1,357,897 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $441,301 |
| All other contributions, gifts, grants, and similar amounts not included above | $51,599 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $492,900 |
| Total Program Service Revenue | $356,456 |
| Investment income | $5 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $849,361 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $65,130 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,402 |
| Payroll taxes | $6,656 |
| Fees for services: Management | $166,559 |
| Fees for services: Legal | $248,206 |
| Fees for services: Accounting | $11,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $455,620 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $3,045 |
| Interest | $12,779 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $169,993 |
| Insurance | $47,594 |
| All other expenses | $0 |
| Total functional expenses | $1,195,284 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,042 |
| Savings and temporary cash investments | $280,170 |
| Pledges and grants receivable | $31,779 |
| 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 | $16,242 |
| Net Land, buildings, and equipment | $7,557,535 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,494 |
| Total assets | $7,920,262 |
| Accounts payable and accrued expenses | $28,694 |
| 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 | $362,807 |
| Other liabilities | $269,465 |
| Total liabilities | $660,966 |
| Net assets without donor restrictions | $7,259,296 |
| 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 | $7,920,262 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Inner Arbor Trust Inc has recieved totaling $23,775.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $13,584 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $191 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mann Center For The Performing Arts Philadelphia, PA | $32,818,014 | $23,395,696 |
Strathmore Hall Foundation Inc North Bethesda, MD | $27,256,314 | $8,322,288 |
Washington Performing Arts Society Washington, DC | $12,549,147 | $4,886,462 |
Strand-Capitol Performing Arts Center Inc York, PA | $13,276,794 | $10,332,110 |
State Theatre Center For The Arts Inc Easton, PA | $9,301,794 | $4,832,518 |
Whitaker Center For Science And The Arts Harrisburg, PA | $29,354,486 | $3,497,396 |
Lyric Foundation Inc Baltimore, MD | $19,508,427 | $4,826,860 |
Hippodrome Foundation Inc Baltimore, MD | $13,272,762 | $8,345,176 |
Maryland Hall For The Creative Arts Inc Annapolis, MD | $14,959,941 | $1,722,678 |
Zeiders American Dream Theater Virginia Beach, VA | $9,355,099 | $2,062,957 |
Scranton Cultural Center At The Masonic Temple Scranton, PA | $4,305,275 | $2,129,325 |
Atlas Performing Arts Center Washington, DC | $17,353,205 | $2,355,130 |