Chesapeake Arts Center Inc
- Assets
- $4.0m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 16
- Location
- Brooklyn, MD
- Founding
- 03/1998
- Data as of
- 06/2022
- 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 06/2022, Chesapeake Arts Center Inc employed 16 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 06/2022, Chesapeake Arts Center Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $1.1m during the year ending 06/2022. While expenses have increased by 7.7% 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
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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donna Anderson Director | Officer | 40 | $107,560 |
Lyndsey Beidle Meninger President | OfficerTrustee | 1 | $0 |
Ryan Sboray Vice President | OfficerTrustee | 1 | $0 |
Tom Herpel Treasurer | OfficerTrustee | 1 | $0 |
Shawn Ashworth Secretary | Trustee | 1 | $0 |
Juli Blanton Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $28,890 |
| Related organizations | $0 |
| Government grants | $229,927 |
| All other contributions, gifts, grants, and similar amounts not included above | $428,521 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $687,338 |
| Total Program Service Revenue | $471,180 |
| Investment income | $315 |
| 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 | $1,172,225 |
| 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. | $110,522 |
| Compensation of current officers, directors, key employees. | $11,052 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $441,176 |
| Pension plan accruals and contributions | $13,411 |
| Other employee benefits | $24,684 |
| Payroll taxes | $45,790 |
| 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 | $20,171 |
| Advertising and promotion | $26,840 |
| Office expenses | $30,507 |
| Information technology | $25,303 |
| Royalties | $0 |
| Occupancy | $3,094 |
| Travel | $266 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,433 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $91,399 |
| Insurance | $15,256 |
| All other expenses | $0 |
| Total functional expenses | $1,144,679 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $577,762 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $82,184 |
| 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 | $680,317 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,610,330 |
| Total assets | $3,950,593 |
| Accounts payable and accrued expenses | $45,632 |
| Grants payable | $0 |
| Deferred revenue | $34,296 |
| 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 | $79,928 |
| Net assets without donor restrictions | $1,260,335 |
| Net assets with donor restrictions | $2,610,330 |
| 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 | $3,950,593 |
Grants Awarded
Over the last fiscal year, Chesapeake Arts Center Inc has awarded $94,671 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
GROW HOME | | | $75,671 |
DRINK AT THE WELL | | | $19,000 |