Marshall Regional Arts Council
- Assets
- $77.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Marshall, TX
- Founding
- 02/1983
- Data as of
- 05/2023
- EIN
- 75-1811441
Organization Overview
Marshall Regional Arts Council is located in Marshall, TX. The organization was established in 1983. According to its NTEE Classification (A26) the organization is classified as: Arts & Humanities Councils & Agencies, 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. Marshall Regional Arts Council 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 05/2023, Marshall Regional Arts Council generated $50.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.0%) each year. All expenses for the organization totaled $52.2k during the year ending 05/2023. As we would expect to see with falling revenues, expenses have declined by (9.2%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE ACHIEVEMENTS FOR MRAC FOR THE PAST YEAR INCLUDE THE ANNUAL MEMBERSHIP DRIVE, VARIOUS ARTS IN EDUCATIONAL PERFORMANCES IN COOPERATION WITH MARSHALL INDEPENDENT SCHOOL DISTRICT, MORE THAN 50 COMMUNITY ARTS EVENTS, HOSTING MINI MONET ART COMPETION TO AREA STUDENTS, PARNTERED WITH PANOLA COLLEGE TO AWARD ARTS SCHOLARSHIPS TO SENIOR STUDENTS, AND ASSISTED THE CITY OF MARSHALL IN ACHEIVING STATE CERTIFICATION AS A TEXAS MUSIC FRIENDLY COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica Harker President | 0 | $0 | |
Jonathan Mccarty Secretary | 0 | $0 | |
Audrey Lozano President Elect | 0 | $0 | |
Terrance Rudd First VP | 0 | $0 | |
Bethany Venable Second VP | 0 | $0 | |
Carol Hicks Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,292 |
| Total Program Service Revenue | $1,605 |
| Membership dues | $13,248 |
| Investment income | $104 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $50,249 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $11,790 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $1,347 |
| Other expenses | $39,080 |
| Total expenses | $52,217 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $76,975 |
| Other assets | $0 |
| Total assets | $76,975 |
| Total liabilities | $0 |
| Net assets or fund balances | $76,975 |