Monthaven Arts And Cultural Center
- Assets
- $690.5k
- Revenue
- $770.2k
- Investments
- $0.0
- Employees
- 11
- Location
- Hendersonville, TN
- Founding
- 04/2015
- Data as of
- 06/2023
- EIN
- 47-3592341
Organization Overview
Monthaven Arts And Cultural Center is located in Hendersonville, TN. The organization was established in 2015. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, Monthaven Arts And Cultural Center employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Monthaven Arts And Cultural Center 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 06/2023, Monthaven Arts And Cultural Center generated $770.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 55.4% each year . All expenses for the organization totaled $732.4k during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MACC PROVIDES ARTS EDUCATION AND AWARENESS TO THE PUBLIC VIA THE MUSEUMS ART GALLERY, NUMEROUS ART EXHIBITIONS EACH YEAR, AND A VARIETY OF ARTS CLASSES AVAILABLE FOR CHILDREN AND ADULTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ARTS EDUCATION THE MACC HELD NUMEROUS ART EXHIBITIONS, YOUTH ART CLASSES, ADULT ART CLASSES, AND AFTER-SCHOOL PROGRAMS THROUGHOUT THE YEAR. IN ADITION, THE MUSEUM ART GALLERY WAS OPEN TO THE PUBLIC DAILY TO VIEW THE MANY PIECES OF ART IN ITS COLLECTION. SEE SCHEDULE O FOR MORE DETAILS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cheryl Strichik Ceo/ Executive Director | Officer | 40 | $85,000 |
John Pitcher Chief Operating Officer | Officer | 40 | $60,000 |
Barry Ellis Chairman | OfficerTrustee | 3 | $0 |
Sandra Gaskins Vice Chairman | OfficerTrustee | 1 | $0 |
R Colten Jones Secretary | OfficerTrustee | 2 | $0 |
Sara Edwards Treasurer | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $510 |
| Membership dues | $5,932 |
| Fundraising events | $96,262 |
| Related organizations | $0 |
| Government grants | $83,590 |
| All other contributions, gifts, grants, and similar amounts not included above | $279,436 |
| Noncash contributions included in lines 1a–1f | $45,747 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $465,730 |
| Total Program Service Revenue | $142,768 |
| Investment income | $230 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $161,446 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $770,174 |
| 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 | $248,775 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $31,096 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,759 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $155,604 |
| Advertising and promotion | $24,576 |
| Office expenses | $52,783 |
| Information technology | $24,785 |
| Royalties | $0 |
| Occupancy | $58,690 |
| Travel | $5,805 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,800 |
| Interest | $21,755 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $667 |
| Insurance | $6,188 |
| All other expenses | $0 |
| Total functional expenses | $732,406 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $79,147 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $33,974 |
| Accounts receivable, net | $9,000 |
| 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 | $0 |
| Net Land, buildings, and equipment | $361,810 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $206,525 |
| Total assets | $690,456 |
| Accounts payable and accrued expenses | $16,633 |
| Grants payable | $0 |
| Deferred revenue | $7,345 |
| 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 | $279,558 |
| Other liabilities | $44,303 |
| Total liabilities | $347,839 |
| Net assets without donor restrictions | $342,617 |
| 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 | $690,456 |