Chesapeake Arts Center Inc
- Assets
- $4.2m
- Revenue
- $862.1k
- Investments
- $0.0
- Employees
- 14
- Location
- Brooklyn, MD
- Founding
- 03/1998
- Data as of
- 06/2021
- EIN
- 52-2056995
Organization Overview
Chesapeake Arts Center Inc is located in Brooklyn, 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 06/2021, Chesapeake Arts Center Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chesapeake Arts Center 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, Chesapeake Arts Center Inc generated $862.1k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $854.6k during the year ending 06/2021. While expenses have increased by 3.9% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CHESAPEAKE ARTS CENTER WILL USE THE ARTS TO EXCITE, EDUCATE, ENGAGE, INSPIRE, AND GROW THIS COMMUNITYS PEOPLE CONTINUED ON SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THEATER REVENUES GENERATED BY RENTING THE THEATER OUT TO LOCAL ARTISTS FOR SHOWS, PERFORMANCES, AND RECITALS, AS WELL AS A REVENUE SHARING COMPONENT WHERE THE CENTER ALLOWS CERTAIN ESTABLISHED GROUPS TO PUT ON PERFORMANCES IN EXCHANGE FOR A SHARE OF THE TICKET SALES. THE CENTER PUTS ON PERFORMANCES FOR THE COMMUNITY WITH A NUMBER OF RECOGNIZED ARTISTS THROUGHOUT THE AREA, WHERE THE CENTER PUTS UP A FEE FOR THE PERFORMANCE, SUBSIDIZING THE COSTS. CLASSES - DANCE, MUSIC, WOODWORKING, DRAWING, AND OTHER CLASSES WORKING IN THE ARTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donna Anderson Director | Officer | 40 | $90,462 |
Ryan Sboray Vice President | OfficerTrustee | 1 | $0 |
Lyndsey Beidle Meninger President | OfficerTrustee | 1 | $0 |
Tom Herpel Treasurer | OfficerTrustee | 1 | $0 |
Brittany Jones Director | Trustee | 1 | $0 |
Owen Mcevoy Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $5,190 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $153,492 |
| All other contributions, gifts, grants, and similar amounts not included above | $374,582 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $533,264 |
| Total Program Service Revenue | $308,599 |
| Investment income | $49 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $19,376 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $862,081 |
| 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. | $90,462 |
| Compensation of current officers, directors, key employees. | $9,046 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $329,215 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $19,342 |
| Payroll taxes | $35,156 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,837 |
| Advertising and promotion | $9,203 |
| Office expenses | $19,768 |
| Information technology | $13,159 |
| Royalties | $0 |
| Occupancy | $37,764 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,056 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $85,537 |
| Insurance | $11,337 |
| All other expenses | $0 |
| Total functional expenses | $854,614 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $577,956 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $41,577 |
| 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 | $742,107 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,815,529 |
| Total assets | $4,177,169 |
| Accounts payable and accrued expenses | $53,660 |
| Grants payable | $0 |
| Deferred revenue | $75,191 |
| 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 | $128,851 |
| Net assets without donor restrictions | $1,196,104 |
| Net assets with donor restrictions | $2,852,214 |
| 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 | $4,177,169 |
Grants Awarded
Over the last fiscal year, Chesapeake Arts Center Inc has awarded $189,342 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Baltimore, MD | | $75,671 |
Baltimore, MD | | $75,671 |
Curtis Bay, MD | | $19,000 |
Curtis Bay, MD | | $19,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Chesapeake Arts Center Inc has recieved totaling $138,476.
| Awarding Organization | Amount |
|---|---|
Arts Council Of Anne Arundel County Inc Annapolis, MD PURPOSE: ARTS EDUCATION DEVELOPMENT | $69,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $50,500 |
Community Foundation Of Anne Arundel County Inc Annapolis, MD PURPOSE: ARTS AND CULTURE | $13,300 |
The United Way Of Central Maryland Inc Baltimore, MD PURPOSE: DESIGNATED AND OR GRANTED IN SUPPORT OF AGENCY PROGRAMS | $5,676 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kimmel Center Inc Philadelphia, PA | $245,953,445 | $41,081,924 |
Wolf Trap Foundation For The Performing Arts Vienna, VA | $98,256,215 | $37,160,457 |
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 |