Alchemy Art Center
- Assets
- $133.1k
- Revenue
- $251.2k
- Investments
- $0.0
- Employees
- 4
- Location
- Friday Harbor, WA
- Founding
- 05/2018
- Data as of
- 12/2022
- EIN
- 82-4766421
Organization Overview
Alchemy Art Center is located in Friday Harbor, WA. The organization was established in 2018. 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 12/2022, Alchemy Art Center employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alchemy Art Center 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, Alchemy Art Center generated $251.2k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 48.9% each year . All expenses for the organization totaled $164.5k during the year ending 12/2022. While expenses have increased by 31.0% per year over the past 3 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ALCHEMY ART CENTER'S MISSION IS TO PROVIDE ARTS PROGRAMMING AND CREATIVE COMMUNITY FOR PEOPLE ON RURAL SAN JUAN ISLAND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDIO MEMBERSHIP: USE OF OUR CERAMICS, PRINTMAKING AND PHOTO STUDIO. WE HAD AN AVERAGE OF 25 MEMBERS PER MONTH IN 2022.
OUTREACH/ARTISTS IN COMMUNITY: BRINGING ACCESS TO THE ARTS TO THE PUBLIC. WE OFFERED ACTIVITIES FOR KIDS AND ADULTS IN PUBLIC SPACES IN COLLABORATION WITH OUR COMMUNITY PARTNERS. WE HOUSED 3 ARTISTS AT A TIME THROUGH OUT THE SUMMER. ADDITIONALLY, WE OFFERED A FREE 10-WEEK ART AND ENVIRONMENTAL STEWARDSHIP PROGRAM GEARED TOWARD MIDDLE AND HIGH SCHOOL AGE KIDS.
CLASSES: WE HOLD CLASSES FOR KIDS AND ADULTS IN PRINTMAKING, CERAMICS, PHOTOGRAPHY AND OTHER ART FORMS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maria Michaelson Co-Director | Trustee | 19 | $49,900 |
Glenn Hendrick Co-Director | Trustee | 16 | $21,463 |
Shelle Cropper Treasurer | OfficerTrustee | 2 | $0 |
Danielle Dean Board Member | Trustee | 1 | $0 |
Guiseppi Spadafora Board Member | Trustee | 1 | $0 |
Sarah Benson Board Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $47,033 |
| Related organizations | $0 |
| Government grants | $50,263 |
| All other contributions, gifts, grants, and similar amounts not included above | $76,615 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $173,911 |
| Total Program Service Revenue | $73,362 |
| Investment income | $10 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,909 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $251,192 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,662 |
| Grants and other assistance to domestic individuals. | $4,800 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $43,812 |
| Compensation of current officers, directors, key employees. | $1,314 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,568 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,672 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,398 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $852 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,822 |
| Advertising and promotion | $4,910 |
| Office expenses | $2,501 |
| Information technology | $4,392 |
| Royalties | $0 |
| Occupancy | $43,745 |
| Travel | $438 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $144 |
| Interest | $300 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $623 |
| Insurance | $7,128 |
| All other expenses | $0 |
| Total functional expenses | $164,549 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $113,152 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $11,145 |
| Prepaid expenses and deferred charges | $3,152 |
| Net Land, buildings, and equipment | $5,611 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $133,060 |
| Accounts payable and accrued expenses | $1,151 |
| Grants payable | $0 |
| Deferred revenue | $3,621 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,772 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $128,288 |
| Total liabilities and net assets/fund balances | $133,060 |