Center For Contemporary Arts
- Assets
- $750.2k
- Revenue
- $345.7k
- Investments
- $479.1k
- Employees
- 11
- Location
- Abilene, TX
- Founding
- 10/1989
- Data as of
- 09/2023
- EIN
- 75-2290138
Organization Overview
Center For Contemporary Arts is located in Abilene, TX. The organization was established in 1989. 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 09/2023, Center For Contemporary Arts employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Center For Contemporary Arts 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 09/2023, Center For Contemporary Arts generated $345.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $353.4k during the year ending 09/2023. While expenses have increased by 6.4% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION IS TO PROVIDE ENRICHING AND EDUCATIONAL EXPERIENCES FOR THE COMMUNITIES OF THE REGION THROUGH THE PROMOTION AND SUPPORT OF ARTISTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CENTERS ACTIVITIES INCLUDE; A)THE AVAILABILITY OF EXHIBIT AND STUDIO SPACE FOR LOCAL ARTISTS, B) ARTWALK WHICH IS A MONTHLY DOWNTOWN MINI FESTIVAL HELD IN CONJUNCTION WITH OTHER ART ORGANIZATIONS, C)ARTREACH WHICH TAKES THE VISUAL ARTS INTO FACILITIES FOR DISADVANTAGED AND INCARCERATED YOUTH AND SPECIAL-NEEDS ADULTS. THE CENTER ALSO PROVIDES ART INSTRUCTION ON-SITE FOR TEACHERS AND STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebecca Bridges Executive Director | Officer | 40 | $59,000 |
Jack Hurd Director | Trustee | 1 | $0 |
Kathy Drury Director | Trustee | 1 | $0 |
Tremayne Hubbard Director | Trustee | 1 | $0 |
Kasey Johnson Director | Trustee | 1 | $0 |
Tressie Zellner Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $17,175 |
| Fundraising events | $25,792 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $201,763 |
| Noncash contributions included in lines 1a–1f | $28,300 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $244,730 |
| Total Program Service Revenue | $26,387 |
| Investment income | $32,487 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $8,796 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $30,818 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $345,667 |
| 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. | $65,500 |
| Compensation of current officers, directors, key employees. | $19,650 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $78,499 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $19,262 |
| Payroll taxes | $11,198 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,644 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,139 |
| Advertising and promotion | $5,819 |
| Office expenses | $11,785 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,474 |
| Travel | $0 |
| 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 | $37,892 |
| Insurance | $0 |
| All other expenses | $9,579 |
| Total functional expenses | $353,420 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $146,051 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,638 |
| 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 | $1,581 |
| Net Land, buildings, and equipment | $120,827 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $479,079 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $750,176 |
| Accounts payable and accrued expenses | $8,270 |
| Grants payable | $0 |
| Deferred revenue | $17,420 |
| 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 | $7,477 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $33,167 |
| Net assets without donor restrictions | $180,432 |
| Net assets with donor restrictions | $536,577 |
| 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 | $750,176 |