The Sedalia Center Inc
- Assets
- $649.9k
- Revenue
- $129.5k
- Investments
- $0.0
- Employees
- 1
- Location
- Big Island, VA
- Founding
- 04/1992
- Data as of
- 12/2021
- EIN
- 54-1578039
Organization Overview
The Sedalia Center Inc is located in Big Island, VA. The organization was established in 1992. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, 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. Sedalia 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 12/2021, Sedalia Center Inc generated $129.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $116.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.7%) per year over the past 7 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, PRESERVE, AND ENHANCE THE ARTS AND CULTURAL HERITAGE FOR EVERYONE IN OUR REGION
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHILI COOK OFF. AN ANNUAL EVENT THAT IS PUT ON TO BRING THE COMMUNITY TOGETHER TO EXPERIENCE AND ENHANCE THE ART OF COOKING.
VARIOUS MUSIC & ARTS FESTIVALS. BBQ BLUES, CELTIC DINNER FESTIVAL, SUMMER CONCERT, AND SEDALIA FEST. THE CENTER HOSTS VARIOUS MUSIC AND ARTS EVENTS TO BRING THE COMMUNITY TOGETHER AND DEVELOP COMMUNITY SPIRIT. LOCAL AND REGIONAL BANDS ARE INVITED TO PERFORM AND HOLD WORKSHOPS FOR ATTENDEES.
ALL OTHER SOCIAL EVENTS PRODUCED BY THE CENTER FOR THE GENERAL COMMUNITY
ALL GENERAL EXPENSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Scott Operations M | OfficerTrustee | 25 | $19,501 |
David Farris Vice Committ | OfficerTrustee | 5 | $0 |
Holly Layne Secretary | OfficerTrustee | 5 | $0 |
Doris Mccabe Committee Ch | OfficerTrustee | 5 | $0 |
Steve Singleton Treasurer | OfficerTrustee | 5 | $0 |
W Watts Burks Committee Me | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $61,507 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $61,507 |
| Total Program Service Revenue | $48,993 |
| Investment income | $9,958 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $9,074 |
| 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 | $129,532 |
| 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 | $19,501 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,492 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,800 |
| Office expenses | $4,422 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,930 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,264 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,207 |
| All other expenses | $9,617 |
| Total functional expenses | $116,532 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,948 |
| 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 | $514,754 |
| Investments—publicly traded securities | $92,155 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $649,857 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $1,990 |
| Other liabilities | $996 |
| Total liabilities | $2,986 |
| Net assets without donor restrictions | $554,716 |
| Net assets with donor restrictions | $92,155 |
| 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 | $649,857 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Sedalia Center Inc has recieved totaling $14,200.
| Awarding Organization | Amount |
|---|---|
Organization Name not Listed PURPOSE: ONGOING PROGRAM SUPPORT FOR HISTORY PROJECT | | $14,200 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wolf Trap Foundation For The Performing Arts Vienna, VA | $98,256,215 | $37,160,457 |
The Tivoli Theatre Foundation Inc Chattanooga, TN | $19,745,641 | $23,020,214 |
Cccp Community Trust Charlotte, NC | $3,032,444 | $5,842,596 |
Cave Hill Investment Company Louisville, KY | $206,891,533 | $9,697,721 |
Coalition For App Fairness Washington, DC | $984,677 | $4,439,544 |
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 |
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 |
Thalian Hall Center For Performing Arts Inc Wilmington, NC | $1,750,747 | $2,399,584 |