Newark Arts Alliance Inc
- Assets
- $132.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Newark, DE
- Founding
- 09/1994
- Data as of
- 12/2021
- EIN
- 51-0346126
Organization Overview
Newark Arts Alliance Inc is located in Newark, DE. The organization was established in 1994. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, 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. Newark Arts Alliance 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, Newark Arts Alliance Inc generated $129.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $86.4k during the year ending 12/2021. While expenses have increased by 0.8% 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terry Foreman Executive Director | 24 | $24,835 | |
Carole Fox President | 2 | $0 | |
Karen Yarnall Vice President | 2 | $0 | |
Wendi Jacobs Secretary | 2 | $0 | |
Ray Magnani Treasurer | 2 | $0 | |
Kate Cottle Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $67,175 |
| Total Program Service Revenue | $37,458 |
| Membership dues | $9,080 |
| Investment income | $5,346 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $10,426 |
| Other Revenue | $0 |
| Total Revenue | $129,485 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $31,643 |
| Professional fees and other payments to independent contractors | $728 |
| Occupancy, rent, utilities, and maintenance | $25,845 |
| Printing, publications, postage, and shipping | $440 |
| Other expenses | $27,780 |
| Total expenses | $86,436 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $130,754 |
| Other assets | $0 |
| Total assets | $132,454 |
| Total liabilities | $11,157 |
| Net assets or fund balances | $121,297 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Newark Arts Alliance Inc has recieved totaling $167.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $167 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
African American Cultural Center Pittsburgh, PA | $15,275,830 | $8,128,417 |
Mount Carmel Guild Education Newark, NJ | $2,668,838 | $6,215,422 |
Seward Johnson Atelier Inc Hamilton, NJ | $66,063,145 | $5,452,215 |
Baltimore Office Of Promotion And The Arts Baltimore, MD | $2,768,148 | $4,464,806 |
Boris Lurie Art Foundation Wilmington, DE | $0 | $786,286 |
The Appel Farm Arts And Music Center Elmer, NJ | $4,758,739 | $2,705,675 |
Multicultural Community Family Services Inc Upper Darby, PA | $617,484 | $2,120,656 |
Rivers Of Steel Heritage Corporation Homestead, PA | $6,978,664 | $2,016,584 |
National Council For The Traditional Arts Silver Spring, MD | $1,116,811 | $2,051,101 |
Mkm Foundation Wilmington, DE | $21,658,841 | $3,029,423 |
Goggle Works Reading, PA | $20,413,986 | $12,124,675 |
World Arts Focus Mount Rainier, MD | $2,266,335 | $2,189,610 |