Century Arts Foundation
- Assets
- $6.8m
- Revenue
- $224.6k
- Investments
- $6.7m
- Employees
- 0
- Location
- Sag Harbor, NY
- Founding
- 07/2009
- Data as of
- 12/2022
- EIN
- 80-0293886
Organization Overview
Century Arts Foundation is located in Sag Harbor, NY. The organization was established in 2009. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Century Arts Foundation 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 12/2022, Century Arts Foundation generated $224.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.3%) each year. All expenses for the organization totaled $452.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Century Arts Foundation has awarded 95 individual grants totaling $2,451,284. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Justine Juleen Compton Vp/treasurer | 40 | $72,800 | |
Nicholas Wentworth President/secretary | 40 | $72,800 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $180,741 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $43,836 |
| Capital Gain Net Income | $43,836 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $224,577 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $145,600 |
| Other employee salaries and wages | $18,000 |
| Pension plans, employee benefits | $12,948 |
| Interest | $0 |
| Taxes | $23,443 |
| Depreciation | $757 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,526 |
| Printing and publications | $0 |
| Other expenses | $42,163 |
| Total operating and administrative expenses | $250,715 |
| Contributions, gifts, grants paid | $202,000 |
| Total expenses and disbursements | $452,715 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,789 |
| Savings and temporary cash investments | $77,801 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $6,678,290 |
| Net Land, buildings, and equipment | $6,655 |
| Other assets | $1,775 |
| Total assets | $6,819,310 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $237 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $441 |
| Total liabilities | $678 |
Grants Awarded
Over the last fiscal year, Century Arts Foundation has awarded $202,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
BANCO DE ALIMENTOS DE NAVOJOA PURPOSE: TO FUND A FOOD BANK THAT PROVIDES TO THOSE IN NEED. | $20,000 |
AMIGOS DE EDUCACION DE ALAMOS PURPOSE: TO FUND EDUCATION TO THE STUDENTS IN THE ALAMOS AREA | $25,000 |
BARD PRISON INITIATIVE (BPI) BARD COLLEGE PURPOSE: TO SUPPORT THE LIBERAL ARTS PROGRAM FOR INCARCERAGED MEN & WOMEN | $60,000 |
OAXACA STREET CHILDREN GRASSROOTS INC PURPOSE: TO FUND THE REMOVAL OF BARRIERS THAT HINDER CHILDREN FROM RECEIVING AN EDUCATION. | $10,000 |
BAY STREET THEATRE PURPOSE: TOWARDS PRODUCTION EXPENSES OF LITERATURE LIVE! OF MACBETH BY WILLIAM SHAKESPEARE | $60,000 |
OLA OF EASTERN LONG ISLAND PURPOSE: LATINX YOUTH CAREER MENTORING PROGRAM | $10,000 |