Southwestern Watercolor Society
- Assets
- $129.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Mckinney, TX
- Founding
- 03/1986
- Data as of
- 05/2022
- EIN
- 75-6049048
Organization Overview
Southwestern Watercolor Society is located in Mckinney, TX. The organization was established in 1986. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, 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. Southwestern Watercolor Society 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 05/2022, Southwestern Watercolor Society generated $53.0k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $61.0k during the year ending 05/2022. While expenses have increased by 6.0% 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pam Wilson Treasurer | 30 | $2,820 | |
Paula Vining President | 10 | $0 | |
Dalynn Montgomery 1st VP - Programs | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,710 |
| Total Program Service Revenue | $32,285 |
| Membership dues | $12,585 |
| Investment income | $2,457 |
| Gain or Loss | -$619 |
| Net Income from Gaming & Fundraising | $3,569 |
| Other Revenue | $0 |
| Total Revenue | $52,987 |
| 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 | $8,433 |
| Occupancy, rent, utilities, and maintenance | $3,656 |
| Printing, publications, postage, and shipping | $4,501 |
| Other expenses | $44,413 |
| Total expenses | $61,003 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $127,838 |
| Other assets | $0 |
| Total assets | $129,532 |
| Total liabilities | $23,303 |
| Net assets or fund balances | $106,229 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Southwestern Watercolor Society has recieved totaling $42.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $42 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dallas Contemporary Dallas, TX | $3,580,432 | $1,729,811 |
Louisiana Art And Science Museum Inc Baton Rouge, LA | $6,561,733 | $3,010,375 |
Kid Smart New Orleans, LA | $1,431,671 | $1,483,541 |
Glass Control Inc Emp Ben Tr Lubbock, TX | $187,823 | $1,183,121 |
Ballroom Cultural Arts Foundation Marfa, TX | $1,422,501 | $1,165,140 |
Gil And Dody Weaver Foundation Dallas, TX | $0 | $964,218 |
Fotofest Inc Houston, TX | $1,959,929 | $2,155,129 |
Interform Springdale, AR | $499,617 | $931,526 |
Inspiration Point Fine Arts Colony Inc Eureka Springs, AR | $3,726,831 | $2,341,148 |
Dallas Spark Dallas, TX | $494,166 | $779,653 |
Valere B Potter Trust Uw Dallas, TX | $5,062,926 | $695,206 |
Creative Arts Center Of Dallas Dallas, TX | $609,840 | $730,284 |