Waco Creative Art Center

Organization Overview

Waco Creative Art Center is located in Waco, TX. The organization was established in 1973. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Waco Creative Art Center employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Waco Creative Art Center 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, Waco Creative Art Center generated $639.5k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 34.1% each year . All expenses for the organization totaled $199.0k during the year ending 06/2021. While expenses have increased by 9.2% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO EDUCATE THE COMMUNITY ABOUT CREATIVE ART EXPRESSION; ENCOURAGE APPRECIATION OF VARIOUS ART FORMS

Describe the Organization's Program Activity:

Part 3 - Line 4a

EDUCATION CLASSES, WORKSHOPS, ARTISTS' MARKETS - TO PROMOTE THE EDUCATION OF THE GENERAL PUBLIC IN THE APPRECIATION OF ART


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Board, Officers & Key Employees

Name (title)Compensation
Lance Magid
Vice Chairman
$0
Jill Michaels
Chairman
$0
Ansuya Abnoussi
Secretary
$0
Duane Sartor
Treasurer
$0
Lenny Caballero
Director
$0
Bryant Stanton
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$5,090
Fundraising events$10,147
Related organizations$0
Government grants $46,481
All other contributions, gifts, grants, and similar amounts not included above$512,402
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$574,120
Total Program Service Revenue$34,042
Investment income $3,271
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $11,045
Net Income from Fundraising Events $16,550
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $500
Miscellaneous Revenue$0
Total Revenue $639,528

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Waco Creative Art Center has recieved totaling $392,600.

Awarding OrganizationAmount
$250,000
Waco Foundation

Waco, TX

PURPOSE: UNDESIGNATED

$107,600
Creative Waco

Waco, TX

PURPOSE: OPERATIONAL SUPPORT AND PROJECT GRANT

$35,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$509,255
Earnings$50,378
Admin Expense$1,441
Other Expense$209,025
Ending Balance$349,167

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