Western Avenue Community For The Arts Inc
- Assets
- $21.9m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Boston, MA
- Founding
- Data as of
- 06/2023
- EIN
- 87-4789167
Organization Overview
Western Avenue Community For The Arts Inc is located in Boston, MA. 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. Western Avenue Community For The Arts Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE CORPORATION'S PRIMARY PURPOSE IS TO CREATE THRIVING ECOSYSTEMS THAT SUPPORT THE ARTS, CULTURE AND COMMUNITIES THROUGH THE DEVELOPMENT AND STEWARDSHIP OF PROGRAMS, SERVICES AND ADVOCACY WITH A FOCUS ON AFFORDABLE ARTIST WORK, LIVE/WORK AND COMMUNITY SPACES AND OTHER MAKER SPACES WHERE WORK CAN BE CREATED, REHEARSED, AND PRESENTED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN MARCH 2022, WACA PURCHASED WESTERN AVENUE STUDIOS AND LOFTS IN LOWELL MASSACHUSETTS, A MIXED-USE CONDOMINIUM PROPERTY WHICH IS PRIMARILY COMPRISED OF 250 WORK-ONLY ARTIST STUDIO SPACES IN THREE BUILDINGS AND 50 LIVE/WORK STUDIOS IN A FOURTH BUILDING. WACA'S INTEREST IN THE CONDOMINIUM IS FOUR UNITS OF A FIVE-UNIT PROPERTY, REPRESENTING AN UNDIVIDED 92% COMBINED PERCENTAGE INTEREST OF THE ENTIRETY OF THE PROPERTY.WACA IS AN EXAMPLE CREATIVE CAMPUS INITIATIVE WITH A MISSION TO CREATE THRIVING ECOSYSTEMS THAT SUPPORT THE ARTS, CULTURE AND COMMUNITIES THROUGH THE DEVELOPMENT AND STEWARDSHIP OF PROGRAMS, SERVICES AND ADVOCACY WITH A FOCUS ON AFFORDABLE ARTIST WORK, LIVE/WORK AND COMMUNITY SPACES AND OTHER MAKER SPACES WHERE WORK CAN BE CREATED, REHEARSED, AND PRESENTED.
IN MARCH 2022, WACA PURCHASED WESTERN AVENUE STUDIOS AND LOFTS IN LOWELL MASSACHUSETTS, A MIXED-USE CONDOMINIUM PROPERTY WHICH IS PRIMARILY COMPRISED OF 250 WORK-ONLY ARTIST STUDIO SPACES IN THREE BUILDINGS AND 50 LIVE/WORK STUDIOS IN A FOURTH BUILDING. WACA'S INTEREST IN THE CONDOMINIUM IS FOUR UNITS OF A FIVE-UNIT PROPERTY, REPRESENTING AN UNDIVIDED 92% COMBINED PERCENTAGE INTEREST OF THE ENTIRETY OF THE PROPERTY.WACA IS AN EXAMPLE CREATIVE CAMPUS INITIATIVE WITH A MISSION TO CREATE THRIVING ECOSYSTEMS THAT SUPPORT THE ARTS, CULTURE AND COMMUNITIES THROUGH THE DEVELOPMENT AND STEWARDSHIP OF PROGRAMS, SERVICES AND ADVOCACY WITH A FOCUS ON AFFORDABLE ARTIST WORK, LIVE/WORK AND COMMUNITY SPACES AND OTHER MAKER SPACES WHERE WORK CAN BE CREATED, REHEARSED, AND PRESENTED.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cheryl Tougias President | OfficerTrustee | 1 | $0 |
James Buza Treasurer | OfficerTrustee | 1 | $0 |
Awilda Irzarry Clerk | OfficerTrustee | 1 | $0 |
Joanne Kaliontzis Director | Trustee | 1 | $0 |
Lisa Nickerson Director | Trustee | 1 | $0 |
James Grace Executive Director | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,213,330 |
| Government grants | $873,111 |
| All other contributions, gifts, grants, and similar amounts not included above | $33,383 |
| Noncash contributions included in lines 1a–1f | $25,176 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $906,494 |
| Total Program Service Revenue | $0 |
| Investment income | $7,449 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,209,520 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,144,598 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $13,500 |
| Compensation of current officers, directors, key employees. | $6,750 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $185,471 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,089 |
| Payroll taxes | $4,219 |
| Fees for services: Management | $85,694 |
| Fees for services: Legal | $150 |
| Fees for services: Accounting | $21,525 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $42,100 |
| Advertising and promotion | $5,648 |
| Office expenses | $14,827 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $485,311 |
| Travel | $1,162 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $863,133 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $525,283 |
| Insurance | $123,880 |
| All other expenses | $0 |
| Total functional expenses | $2,367,684 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $472,931 |
| Savings and temporary cash investments | $781,925 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,645 |
| 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 | $44,392 |
| Net Land, buildings, and equipment | $20,359,431 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $227,922 |
| Total assets | $21,893,246 |
| Accounts payable and accrued expenses | $153,896 |
| Grants payable | $0 |
| Deferred revenue | $344,793 |
| 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 | $18,117,659 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $263,690 |
| Total liabilities | $18,880,038 |
| Net assets without donor restrictions | $3,013,208 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $21,893,246 |