Baltimore School For The Arts Fdn Inc
- Assets
- $22.5m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 172
- Location
- Baltimore, MD
- Founding
- 07/1980
- Data as of
- 06/2022
- EIN
- 52-1174284
Organization Overview
Baltimore School For The Arts Fdn Inc is located in Baltimore, MD. The organization was established in 1980. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Baltimore School For The Arts Fdn Inc employed 172 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Baltimore School For The Arts Fdn 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 06/2022, Baltimore School For The Arts Fdn Inc generated $3.6m 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 (5.4%) each year. All expenses for the organization totaled $3.4m during the year ending 06/2022. 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 PROVIDE FINANCIAL ASSISTANCE TO THE BALTIMORE SCHOOL FOR THE ARTS, A 4 YEAR PUBLIC HIGH SCHOOL (THE SCHOOL).
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE FINANCIAL ASSISTANCE TO THE BALTIMORE SCHOOL FOR THE ARTS, A 4 YEAR PUBLIC HIGH SCHOOL FOR THE ARTS, TO COVER SPECIAL EDUCATIONAL NEEDS WHICH COULD NOT BE COVERED IN THE CITY SCHOOL BUDGET BUT WHICH ARE ESSENTIAL TO THE SCHOOL'S PROGRAMS, INCLUDING SCHOLARSHIPS, PRODUCTIONS/EXHIBITS, COMMUNITY OUTREACH & ACADEMIC SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Steiner Secretary | Officer | 40 | $108,581 |
Natalie Sherman President | OfficerTrustee | 2 | $0 |
Maria Rodriguez Vice President | Officer | 2 | $0 |
Harry Gruner Treasurer | Officer | 2 | $0 |
Li-Wen Kang Trustee | Trustee | 2 | $0 |
Patricia Joseph Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $31,495 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,349,375 |
| Noncash contributions included in lines 1a–1f | $125,921 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,380,870 |
| Total Program Service Revenue | $1,177,405 |
| Investment income | $454,275 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $539,842 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,552,392 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $84,600 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $122,370 |
| Compensation of current officers, directors, key employees. | $112,370 |
| Compensation to disqualified persons | $2,175,722 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $33,246 |
| Payroll taxes | $191,674 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $299,908 |
| Advertising and promotion | $36,090 |
| Office expenses | $19,806 |
| 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 | $4,190 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $16,525 |
| All other expenses | $0 |
| Total functional expenses | $3,374,598 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,163,167 |
| Savings and temporary cash investments | $567,551 |
| Pledges and grants receivable | $166,420 |
| Accounts receivable, net | $13,615 |
| 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 | $3,190 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $19,539,837 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $22,453,780 |
| Accounts payable and accrued expenses | $81,623 |
| Grants payable | $0 |
| Deferred revenue | $10,846 |
| 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 | $0 |
| Other liabilities | $84,747 |
| Total liabilities | $177,216 |
| Net assets without donor restrictions | $1,830,480 |
| Net assets with donor restrictions | $20,446,084 |
| 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 | $22,453,780 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Baltimore School For The Arts Fdn Inc has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Lockhart Vaughan Foundation Inc Baltimore, MD PURPOSE: EDUCATION: TWIGS AFTER-SCHOOL AND SATURDAY PERFORMING ARTS INSTRUCTION. | $20,000 |
Endowment Analysis
| Beg. Balance | $23,204,376 |
| Earnings | $3,206,582 |
| Net Contributions | $175,561 |
| Grants | $783,061 |
| Ending Balance | $19,390,294 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arts For Learning Maryland Inc Baltimore, MD | $6,641,105 | $9,137,823 |
Global Disciples Lancaster, PA | $4,481,434 | $6,431,035 |
Baltimore School For The Arts Fdn Inc Baltimore, MD | $22,453,780 | $3,552,392 |
The Metropolitan Center For The Visual Arts Inc Rockville, MD | $1,589,727 | $2,983,675 |
International Public Management Association For Human Resources Alexandria, VA | $3,795,401 | $2,711,747 |
Caring Communities For Aids Wilkes Barre, PA | $1,533,545 | $2,739,121 |
Samuel S Fleisher Art Memorial Inc Philadelphia, PA | $22,590,929 | $2,413,309 |
Philadelphia Arts In Education Partnership Philadelphia, PA | $1,201,357 | $1,737,170 |
Yocum Institute For Arts Education Inc West Lawn, PA | $15,531,722 | $1,674,179 |
Theatre Lab Washington, DC | $1,317,349 | $1,528,317 |
Wide Angle Youth Media Inc Baltimore, MD | $2,050,575 | $2,195,413 |
Studio Incamminati Philadelphia, PA | $1,301,112 | $1,303,539 |