Maryland Federation Of Art Inc
- Assets
- $257.3k
- Revenue
- $394.0k
- Investments
- $0.0
- Employees
- 7
- Location
- Annapolis, MD
- Founding
- 02/1970
- Data as of
- 06/2023
- EIN
- 52-0895806
Organization Overview
Maryland Federation Of Art Inc is located in Annapolis, MD. The organization was established in 1970. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, Maryland Federation Of Art Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maryland Federation Of Art 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 06/2023, Maryland Federation Of Art Inc generated $394.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $314.6k during the year ending 06/2023. While expenses have increased by 3.7% per year over the past 8 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
MARYLAND FEDERATION OF ART INC IS A NONPROFIT ARTS ORGANIZATION WHOSE MISSION IS TO CREATE MEANINGFUL CONNECTIONS IN THE COMMUNITY THROUGH ART. ITS PURPOSE IS EXCLUSIVELY EDUCATIONAL AND CHARITABLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CIRCLE GALLERY: 12 ART EXHIBITIONS STAGED IN CIRCLE GALLERY AT 18 STATE CIRCLE IN ANNAPOLIS, MD. 3 EXHIBITIONS AT OTHER LOCATIONS AND 9 EXHIBITIONS ONLINE. ALL EXHIBITIONS ARE FREE AND OPEN TO THE PUBLIC. TOTAL AUDIENCE IS 40,000.
PAINT ANNAPOLIS: AN ANNUAL COUNTY-WIDE, PLEIN AIR PAINTING FESTIVAL HELD IN DOWNTOWN ANNAPOLIS.
ONLINE ART EDUCATION AND APPRECIATION: A SERIES OF YOUTUBE VIDEOS INCLUDING "WIL TALK WITH ARTISTS", A SERIES OF DISCUSSIONS BETWEEN MFA ARTISTS AND ART HISTORIAN DR. WILFORD SCOTT, AND A SERIES OF JUROR CRITIQUES VIA ZOOM FOR ALL MFA JURIED EXHIBITIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann Cole Executive Director (ex Officio) | Officer | 40 | $48,333 |
Karen Ricketts President | OfficerTrustee | 10 | $0 |
Morgan Dwyer Development Vice President | OfficerTrustee | 5 | $0 |
Craig Friedrich Operations Vice President | OfficerTrustee | 5 | $0 |
Stephanie Sams Treasurer | OfficerTrustee | 5 | $0 |
Emil Petruncio Ocean Exploration Trust | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $38,359 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $106,086 |
| All other contributions, gifts, grants, and similar amounts not included above | $78,785 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $223,230 |
| Total Program Service Revenue | $154,566 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $14,161 |
| Net Income from Gaming Activities | $2,080 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $394,037 |
| 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. | $50,000 |
| Compensation of current officers, directors, key employees. | $5,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $62,303 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,302 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,246 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $27,990 |
| Office expenses | $4,169 |
| Information technology | $13,539 |
| Royalties | $0 |
| Occupancy | $28,921 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,627 |
| All other expenses | $0 |
| Total functional expenses | $314,578 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $162,497 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $94,777 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $257,274 |
| Accounts payable and accrued expenses | $4,420 |
| 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 | $26,417 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,773 |
| Total liabilities | $34,610 |
| Net assets without donor restrictions | $212,664 |
| Net assets with donor restrictions | $10,000 |
| 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 | $257,274 |