Germantown Cultural Arts Center Inc
- Assets
- $1.3m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 55
- Location
- Germantown, MD
- Founding
- 03/1998
- Data as of
- 06/2022
- EIN
- 52-2010744
Organization Overview
Germantown Cultural Arts Center Inc, operating under the name Blackrock Center For The Arts, is located in Germantown, MD. The organization was established in 1998. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Blackrock Center For The Arts employed 55 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Blackrock Center For The Arts 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, Blackrock Center For The Arts generated $3.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.4% each year . All expenses for the organization totaled $3.1m during the year ending 06/2022. While expenses have increased by 8.8% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
BLACKROCK CENTER FOR THE ARTS IS A CULTURAL CORNERSTONE AND THE LEADING VENUE FOR THE PERFORMING AND VISUAL ARTS IN UPPER MONTGOMERY COUNTY, MARYLAND. THE CENTER PROVIDES THE COMMUNITY WITH DIVERSE PERFORMING ARTS PROGRAMS, FREE GALLERY EXHIBITIONS AND QUALITY ARTS EDUCATION EXPERIENCES FOR ALL AGES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRODUCTION OF PERFORMING ARTS, VISUAL ARTS AND EDUCATIONAL PROGRAMS.
DURING FISCAL YEAR 2022, BLACKROCK OPERATED ITS UPCOUNTY HUB WHICH PROVIDED FOOD AND ESSENTIAL ITEMS TO RESIDENTS IN NEED IN THE NORTHERN MONTGOMERY COUNTY, MARYLAND AREA. DURING FISCAL YEAR 2022, BLACKROCK PROVIDED ASSISTANCE TO APPROXIMATELY 1200 FAMILIES PER WEEK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynn Arndt Chief Exec.o | Officer | 40 | $116,806 |
John G Compton Chair | OfficerTrustee | 16 | $0 |
Robert A Weishaar Jr Vice Chair | OfficerTrustee | 16 | $0 |
Aj Nwoga Treasurer | OfficerTrustee | 11 | $0 |
Stacey Ormsby Secretary | OfficerTrustee | 11 | $0 |
Katie Hecklinger Chief Exec. | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,066,825 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,091,125 |
| Noncash contributions included in lines 1a–1f | $814,421 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,157,950 |
| Total Program Service Revenue | $419,555 |
| Investment income | $251 |
| 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 | $3,689,211 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $814,421 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $130,000 |
| Compensation of current officers, directors, key employees. | $13,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,046,401 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $17,124 |
| Payroll taxes | $142,317 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $127,929 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $332,267 |
| Advertising and promotion | $3,099 |
| Office expenses | $14,573 |
| Information technology | $36,922 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,528 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $14,236 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $47,771 |
| Insurance | $24,838 |
| All other expenses | $8,810 |
| Total functional expenses | $3,141,084 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200,007 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $133,636 |
| Accounts receivable, net | $359,885 |
| 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 | $27,847 |
| Net Land, buildings, and equipment | $510,980 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $50,143 |
| Total assets | $1,282,498 |
| Accounts payable and accrued expenses | $55,829 |
| Grants payable | $0 |
| Deferred revenue | $94,005 |
| 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 | $63,158 |
| Other liabilities | $496,587 |
| Total liabilities | $709,579 |
| Net assets without donor restrictions | $289,363 |
| Net assets with donor restrictions | $283,556 |
| 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 | $1,282,498 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Germantown Cultural Arts Center Inc has recieved totaling $453,176.
| Awarding Organization | Amount |
|---|---|
Greater Washington Community Foundation Washington, DC PURPOSE: GENERAL SUPPORT | $185,600 |
Arts And Humanities Council Of Montgomery County In Silver Spring, MD PURPOSE: GENERAL OPERATING SUPPORT | $87,996 |
American Endowment Foundation Hudson, OH PURPOSE: GENERAL OPERATING SUPPORT | $50,000 |
Mead Family Foundation Bethesda, MD PURPOSE: COVID-19 URGENT GRANT FOR PURCHASING TRUCK | $40,000 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $32,000 |
Mead Family Foundation Bethesda, MD PURPOSE: BLACKROCK'S UPCOUNTY HUB: ADDRESSING UPCOUNTY FOOD INSECURITY AND OTHER ESSENTIAL NEEDS | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Joshua M Freeman Foundation Selbyville, DE | $7,026,329 | $10,885,831 |
Delaware College Of Art And Design Wilmington, DE | $12,063,919 | $5,103,900 |
Coalition For App Fairness Washington, DC | $984,677 | $4,439,544 |
Associated Production Services Inc Trevose, PA | $3,216,743 | $4,781,597 |
Germantown Cultural Arts Center Inc Germantown, MD | $1,282,498 | $3,689,211 |
Metropolitan School Of The Arts Alexandria, VA | $1,125,949 | $3,020,151 |
Paramount Theater Of Charlottesville Inc Charlottesville, VA | $2,248,840 | $3,822,333 |
The Avalon Foundation Inc Easton, MD | $5,588,979 | $2,877,348 |
The Mattress Factory Pittsburgh, PA | $6,739,687 | $2,768,754 |
Weinberg Center For The Arts Inc Frederick, MD | $1,941,791 | $2,451,910 |
Chesapeake Shakespeare Company Baltimore, MD | $6,775,926 | $2,236,169 |
Energy Innovation Center Institute Inc Pittsburgh, PA | $1,205,835 | $1,830,774 |