Baltimores Festival Of The Arts Inc
- Assets
- $271.8k
- Revenue
- $139.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Baltimore, MD
- Founding
- 08/1988
- Data as of
- 06/2021
- EIN
- 52-1559145
Organization Overview
Baltimores Festival Of The Arts Inc is located in Baltimore, MD. The organization was established in 1988. 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. Baltimores Festival Of The Arts 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 06/2021, Baltimores Festival Of The Arts Inc generated $139.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (45.6%) each year. All expenses for the organization totaled $96.2k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (48.9%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE PUBLIC PARTICIPATION AND APPRECIATION OF THE ARTS IN MANY FORMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ARTSCAPE - ARTSCAPE IS AMERICA'S LARGEST FREE ARTS FESTIVAL, ATTRACTING 350,000+ ATTENDEES OVER THREE DAYS. ARTSCAPE FEATURES 150+ FINE ARTISTS, FASHION DESIGNERS, AND CRAFTSPEOPLE; VISUAL ART EXHIBITS ON AND OFF-SITE, INCLUDING EXHIBITIONS, OUTDOOR SCULPTURES, PHOTOGRAPHY AND THE JANET & WALTER SONDHEIM PRIZE; INCREDIBLE LIVE CONCERTS ON OUTDOOR STAGES; A FULL SCHEDULE OF PERFORMING ARTS INCLUDING DANCE, OPERA, THEATER, FILM, EXPERIMENTAL MUSIC AND THE BALTIMORE SYMPHONY ORCHESTRA; FAMILY EVENTS SUCH AS HANDS-ON PROJECTS, DEMONSTRATIONS, COMPETITIONS, CHILDREN'S ENTERTAINERS AND STREET THEATER; AND A MENU OF FOOD AND BEVERAGE THAT IS AVAILABLE THROUGHOUT THE FESTIVAL SITE.
LIGHT CITY - LAUNCHED BY THE BALTIMORE OFFICE OF PROMOTION & THE ARTS IN 2016, LIGHT CITY BALTIMORE IS THE FIRST LARGE-SCALE, INTERNATIONAL LIGHT FESTIVAL IN THE UNITED STATES. IN ITS FIRST YEAR, LIGHT CITY WELCOMED MORE THAN 400,000 PEOPLE OVER SEVEN NIGHTS. LIGHT CITY IS A FREE FESTIVAL THAT TRANSFORMS BALTIMORE WITH LARGE-SCALE LIGHT INSTALLATIONS, PERFORMANCES, MUSIC, AND INNOVATION. CENTRAL TO LIGHT CITY IS THE BGE LIGHT ART WALK ALONG BALTIMORE'S INNER HARBOR, FEATURING MORE THAN 50 ATTRACTIONS INCLUDING ILLUMINATED SCULPTURES, PROJECTIONS, INTERACTIVE TECHNOLOGIES, PERFORMANCES, CONCERTS, FOOD VENDORS AND A CHILDREN'S AREA. LIGHT CITY'S INNOVATION PROGRAMMING, LABS@LIGHTCITY GENERATES AN ECOSYSTEM OF IDEAS AND LEARNING DURING THE DAY WHILE LIGHTS, PERFORMANCES AND LIVE MUSIC RE-IMAGINE BALTIMORE AT NIGHT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anana Kambon President | OfficerTrustee | 1 | $0 |
E Scott Johnson Secretary | OfficerTrustee | 1 | $0 |
Jack Lewin Treasurer (partial Year) | OfficerTrustee | 1 | $0 |
Jeffrey P Pillas Treasurer (partial Year) | OfficerTrustee | 1 | $0 |
Michael Shecter Vice President | OfficerTrustee | 1 | $0 |
Brian Wentz Chief Financial Officer | Officer | 35 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Production Resource Group Llc Consultancy | 8/30/18 | $296,169 |
Safe Management Security Services For Events | 8/30/18 | $233,600 |
Revolution Events Event And Design Production | 8/30/18 | $107,688 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $119,226 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,497 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $133,723 |
| Total Program Service Revenue | $0 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $139,023 |
| 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 | $68,664 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,348 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,823 |
| Advertising and promotion | $0 |
| Office expenses | $3,007 |
| Information technology | $164 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,913 |
| Insurance | $0 |
| All other expenses | $307 |
| Total functional expenses | $96,226 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $232,501 |
| 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 | $35,593 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,722 |
| Total assets | $271,816 |
| Accounts payable and accrued expenses | $98,404 |
| Grants payable | $0 |
| Deferred revenue | $80,263 |
| 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 | $0 |
| Total liabilities | $178,667 |
| Net assets without donor restrictions | -$149,026 |
| Net assets with donor restrictions | $242,175 |
| 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 | $271,816 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Baltimores Festival Of The Arts Inc has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Joseph Meyerhoff Fund Inc Baltimore, MD PURPOSE: UNRESTRICTED | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Clay Center For The Arts & Sciences Of West Virginia Inc Charleston, WV | $104,991,627 | $9,740,232 |
Coalition To Salute Americas Heroes Foundation Leesburg, VA | $3,573,595 | $8,478,376 |
African American Cultural Center Pittsburgh, PA | $15,275,830 | $8,128,417 |
Baltimore Office Of Promotion And The Arts Baltimore, MD | $2,768,148 | $4,464,806 |
Boris Lurie Art Foundation Wilmington, DE | $0 | $786,286 |
One Common Unity Inc Washington, DC | $667,542 | $2,484,423 |
Sitar Arts Center Washington, DC | $12,189,332 | $3,951,154 |
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 |