Caroga Arts Collective Inc
- Assets
- $1.2m
- Revenue
- $705.5k
- Investments
- $0.0
- Employees
- 3
- Location
- Caroga Lake, NY
- Founding
- 07/2016
- Data as of
- 09/2021
- EIN
- 81-2778740
Organization Overview
Caroga Arts Collective Inc is located in Caroga Lake, NY. The organization was established in 2016. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2021, Caroga Arts Collective Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Caroga Arts Collective Inc 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 09/2021, Caroga Arts Collective Inc generated $705.5k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.8% each year . All expenses for the organization totaled $316.1k during the year ending 09/2021. 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
THE ORGANIZATION SEEKS TO BRING TOGETHER MUSICIANS, ARTISTS, SCHOLARS AND THE COMMUNITY TO COLLABORATE ACROSS FIELDS AND GENRES ON INTER-DISCIPLINARY PROJECTS. CAROGA ARTS COLLECTIVE, INC. FOCUSES ON REVITALIZING LOCAL CULTURE AND LIFE THROUGH PROVIDING UNIQUE EXPERIENCES VIA COLLABORATIVE PERFORMANCES,EXHIBITS, COMMUNITY OUTREACH EVENTS AND ADULT/YOUTH EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSICIAL, ARTISTIC, SCHOLARLY AND COMMUNITY ACTIONS TO REVITALIZE LOCAL CULTURE AND LIFE THROUGH PROVIDING UNIQUE EXPERIENCES VIA COLLABORATIVE PERFORMANCES, EXHIBITS, COMMUNITY OUTREACH EVENTS AND ADULT/YOUTH EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kyle Price Executive/ar | Officer | 20 | $25,000 |
Richard Ruby Sr Chair | OfficerTrustee | 2 | $0 |
Bruce Veghte Vice Chair | OfficerTrustee | 2 | $0 |
Marty Newell Treasurer | OfficerTrustee | 2 | $0 |
Barbara Lee Secretary | OfficerTrustee | 2 | $0 |
William Crankshaw Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $585,497 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $32,635 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $705,514 |
| Statement of Expenses | |
|---|---|
| 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. | $25,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $53,470 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,931 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,194 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,837 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $30,840 |
| 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 | $7,816 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $316,099 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $374,163 |
| Savings and temporary cash investments | $81,198 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $177,400 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,163,628 |
| Accounts payable and accrued expenses | $1,277 |
| Grants payable | $0 |
| Deferred revenue | $100,000 |
| 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 | $119,300 |
| Other liabilities | $0 |
| Total liabilities | $220,577 |
| 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 |
| Total liabilities and net assets/fund balances | $943,051 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Caroga Arts Collective Inc has recieved totaling $69,766.
| Awarding Organization | Amount |
|---|---|
Greater Houston Community Foundation Houston, TX PURPOSE: ARTS | $20,000 |
Faith Takes Family Foundation Albany, NY PURPOSE: PHILANTROPHIC CULTURAL SUPPORT | $10,000 |
Bny Mellon Charitable Gift Fund Boston, MA PURPOSE: TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE | $10,000 |
Organization Name not Listed PURPOSE: CHARITABLE | | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $8,575 |
Ge Foundation Norwalk, CT PURPOSE: MATCHING GIFTS | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jazz At Lincoln Center Inc New York, NY | $222,896,771 | $27,240,751 |
Handel And Haydn Society Boston, MA | $29,038,335 | $22,868,295 |
Groton Hill Music Inc Groton, MA | $210,830,113 | $41,196,688 |
Newport Festivals Foundation Inc Essex, MA | $20,080,911 | $11,132,304 |
Whyhunger Inc New York, NY | $5,607,325 | $7,869,621 |
Caramoor Center For Music & The Arts Inc Katonah, NY | $49,439,168 | $6,140,543 |
Save The Music Foundation New York, NY | $5,156,662 | $8,206,045 |
Rockport Music Inc Rockport, MA | $31,791,427 | $3,720,672 |
American Friends Of Les Arts Florissants Inc New York, NY | $1,107,997 | $2,546,808 |
Chicken & Egg Pictures Inc Brooklyn, NY | $9,525,742 | $4,390,371 |
Young Concert Artists Inc New York, NY | $10,777,916 | $2,607,839 |
Play On Philly Philadelphia, PA | $3,128,034 | $1,933,765 |