Hambidge Center For Creative Arts & Sciences Inc
- Assets
- $5.3m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 14
- Location
- Rabun Gap, GA
- Founding
- 03/1945
- Data as of
- 12/2021
- EIN
- 58-6001278
Organization Overview
Hambidge Center For Creative Arts & Sciences Inc is located in Rabun Gap, GA. The organization was established in 1945. According to its NTEE Classification (A90) the organization is classified as: Arts Services, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Hambidge Center For Creative Arts & Sciences Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hambidge Center For Creative Arts & Sciences 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, Hambidge Center For Creative Arts & Sciences Inc generated $3.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 30.7% each year . All expenses for the organization totaled $798.1k during the year ending 12/2021. While expenses have increased by 5.5% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CENTER PROVIDES A RESIDENCY PROGRAM FOR ART AND SCIENCES
Describe the Organization's Program Activity:
Part 3 - Line 4a
CENTER PROVIDES RESIDENCY PROGRAM FOR ART AND SCIENCES
CENTER PROVIDES RESIDENCY PROGRAM FOR ART AND SCIENCES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Bishop Director | OfficerTrustee | 2 | $0 |
Bari Love Director | OfficerTrustee | 2 | $0 |
Jennifer Stack Moore Treasurer | OfficerTrustee | 4 | $0 |
Anne Lambert Tracht Secretary | OfficerTrustee | 2 | $0 |
Judy Barber Director | Trustee | 2 | $0 |
Rutu Chaudhari Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $93,200 |
| All other contributions, gifts, grants, and similar amounts not included above | $997,516 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,090,716 |
| Total Program Service Revenue | $167,510 |
| Investment income | $76,570 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $94,144 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $63,911 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,990,287 |
| 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 | $431,752 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $20,260 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,815 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $2,645 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,356 |
| Office expenses | $0 |
| Information technology | $11,654 |
| Royalties | $0 |
| Occupancy | $49,479 |
| Travel | $9,341 |
| 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 | $37,233 |
| Insurance | $37,973 |
| All other expenses | $68,408 |
| Total functional expenses | $798,101 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $131,881 |
| Savings and temporary cash investments | $2,603,421 |
| 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 | $3,962 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $698,099 |
| Investments—publicly traded securities | $1,417,051 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $407,349 |
| Total assets | $5,261,763 |
| Accounts payable and accrued expenses | $18,340 |
| 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 | $0 |
| Other liabilities | $9,898 |
| Total liabilities | $28,238 |
| Net assets without donor restrictions | $5,233,525 |
| Net assets with donor restrictions | $0 |
| 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 | $5,261,763 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Hambidge Center For Creative Arts & Sciences Inc has recieved totaling $236,006.
| Awarding Organization | Amount |
|---|---|
North Georgia Community Foundation Gainesville, GA PURPOSE: ARTS & CULTURE | $91,921 |
The Community Foundation For Greater Atlanta Inc Atlanta, GA PURPOSE: ARTS/CULTURE/HUMANITIES | $76,033 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $29,500 |
Bny Mellon Charitable Gift Fund Boston, MA PURPOSE: TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE | $23,500 |
Massey Charitable Trust Bridgeville, PA PURPOSE: ARTS, CULTURAL & MUSEUMS | $10,000 |
Howell Fund Inc Orlando, FL PURPOSE: GENERAL OPERATING | $5,000 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Foundation For Advancement In The Arts Inc Miami, FL | $60,834,688 | $13,120,444 |
South Florida Art Center Inc Miami Beach, FL | $115,639,689 | $4,483,318 |
Serenbe Art Farm For Arts And Education Corporation Chattahoochee Hills, GA | $1,242,651 | $1,430,942 |
Hambidge Center For Creative Arts & Sciences Inc Rabun Gap, GA | $5,261,763 | $2,990,287 |
Lemoyne Art Foundation Inc Tallahassee, FL | $3,131,181 | $2,535,049 |
Kp Cares Powder Springs, GA | $0 | $619,995 |
Artpop Barium Springs, NC | $253,465 | $499,175 |
Silence The Shame Inc Alpharetta, GA | $362,225 | $490,921 |
Boca Hrande Art Center Inc Boca Grande, FL | $512,458 | $431,397 |
Studio By The Tracks Inc Irondale, AL | $666,947 | $386,340 |
Holly Springs Center Pickens, SC | $572,502 | $650,757 |
Asian Arts Center Lake Park, FL | $54,545 | $240,988 |