Eastland Fine Arts Association
- Assets
- $393.8k
- Revenue
- $246.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Eastland, TX
- Founding
- 06/1987
- Data as of
- 12/2021
- EIN
- 75-2179231
Organization Overview
Eastland Fine Arts Association is located in Eastland, TX. The organization was established in 1987. According to its NTEE Classification (A31) the organization is classified as: Film & Video, 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. Eastland Fine Arts Association 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, Eastland Fine Arts Association generated $246.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $192.9k during the year ending 12/2021. 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 SUPPORT THE COMMUNITY OF EASTLAND IN EDUCATION AND APPRECIATION OF FINE ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MOVIE INCOME - ADMISSION FEES FOR 85+ MOVIES SPECIAL EVENTS AND RENTALS FOR COMMUNITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Simmel Treasurer | Officer | 0 | $0 |
Rhyne Hobbs COO | Officer | 40 | $0 |
Rob King Vice President | Officer | 0 | $0 |
Stephen Cox Secretary | Officer | 0 | $0 |
Ann Folsom President | Officer | 0 | $0 |
Mike Perry Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $113,400 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $113,400 |
| Total Program Service Revenue | $67,570 |
| Investment income | $4 |
| 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 | $52,089 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $246,290 |
| 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 | $61,420 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,762 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,326 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $120 |
| Advertising and promotion | $3,049 |
| Office expenses | $1,547 |
| Information technology | $0 |
| Royalties | $30,135 |
| Occupancy | $34,005 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $597 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $27,947 |
| Insurance | $9,219 |
| All other expenses | $4,517 |
| Total functional expenses | $192,919 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $155,095 |
| 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 | $56,351 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $182,347 |
| Total assets | $393,793 |
| Accounts payable and accrued expenses | $1,830 |
| 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 | $0 |
| Total liabilities | $1,830 |
| Net assets without donor restrictions | $0 |
| 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 | $391,963 |
| Total liabilities and net assets/fund balances | $393,793 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Austin Film Society Austin, TX | $10,649,086 | $5,415,056 |
Austin Film Festival Inc Austin, TX | $1,971,197 | $2,811,402 |
Bffoundation Bentonville, AR | $329,044 | $1,253,355 |
Film Prize Foundation Inc Shreveport, LA | $278,226 | $842,166 |
Red River Film Society Inc Shreveport, LA | $3,219,020 | $1,069,891 |
Motion Media Arts Center Austin, TX | $1,044,155 | $668,816 |
New Orleans Video Access Center Inc New Orleans, LA | $172,461 | $745,448 |
Society For Cinema & Media Studies Norman, OK | $1,601,458 | $794,538 |
Deadcenter Film Festival Inc Oklahoma City, OK | $258,597 | $607,158 |
Aurora Picture Show Houston, TX | $300,020 | $396,046 |
Ccff Austin, TX | $1,016,599 | $1,312,562 |
Arkansas Cinema Society Inc Little Rock, AR | $129,529 | $378,286 |