Montrose Center For The Arts
- Assets
- $82.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Montrose, CO
- Founding
- 11/2016
- Data as of
- 12/2023
- EIN
- 81-4159361
Organization Overview
Montrose Center For The Arts is located in Montrose, CO. The organization was established in 2016. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, 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. Montrose Center For The 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 12/2023, Montrose Center For The Arts generated $57.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (10.5%) each year. All expenses for the organization totaled $69.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
MONTROSE CENTER FOR THE ARTS OPERATES A COMMUNITY ART CENTER FOR THE PURPOSE OF DISPLAYING AND SELLING ART CREATED BY LOCAL ARTISANS, AS WELL AS PROMOTION OF THE ARTS IN THE SURROUNDING COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann Back President | 15 | $0 | |
Dj Justin Vice President | 5 | $0 | |
Mark Gregory Treasurer | 7 | $0 | |
Jill Myers Secretary | 7 | $0 | |
Jodine Broscovak Director | 7 | $0 | |
Margaret Kaufmann Director | 7 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,697 |
| Total Program Service Revenue | $3,958 |
| Membership dues | $8,695 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $8,040 |
| Other Revenue | $10,756 |
| Total Revenue | $57,433 |
| 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 | $1,535 |
| Occupancy, rent, utilities, and maintenance | $52,716 |
| Printing, publications, postage, and shipping | $381 |
| Other expenses | $14,757 |
| Total expenses | $69,389 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $73,075 |
| Other assets | $0 |
| Total assets | $82,286 |
| Total liabilities | $1,717 |
| Net assets or fund balances | $80,569 |