Palm Beach Watercolor Society Inc
- Assets
- $82.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Boynton Beach, FL
- Founding
- 07/2005
- Data as of
- 04/2024
- EIN
- 52-1352058
Organization Overview
Palm Beach Watercolor Society Inc is located in Boynton Beach, FL. The organization was established in 2005. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Palm Beach Watercolor Society 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 04/2024, Palm Beach Watercolor Society Inc generated $25.3k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $23.7k during the year ending 04/2024. While expenses have increased by 10.7% per year over the past 9 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
GRANTS AND SCHOLARSHIPS ARE AWARDED. EXHIBITIONS OFFERED TO THE PUBLIC FOR THE ENRICHMENT OF OUR CULTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynn Koenigsberg Vice President | 10 | $0 | |
Adrienne Walker President | 10 | $0 | |
James Walker Treasurer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,242 |
| Total Program Service Revenue | $0 |
| Membership dues | $10,240 |
| Investment income | $42 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $5,431 |
| Other Revenue | $7,300 |
| Total Revenue | $25,255 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $400 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $23,271 |
| Total expenses | $23,671 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $82,517 |
| Other assets | $0 |
| Total assets | $82,517 |
| Total liabilities | $21,765 |
| Net assets or fund balances | $60,752 |