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← FEATHERSTONE CENTER FOR THE ARTS INC

Form 990 for tax year 2023

Filed by FEATHERSTONE CENTER FOR THE ARTS INC.

Totals

Total revenue
$2,036,059
Total expenses
$1,184,275
Contributions and grants received
$209,543
Grants paid
$0
Program service revenue
$472,696
Investment income
$77,158
Other revenue
$1,276,662
Total assets, end of year
$5,869,015
Total liabilities, end of year
$70,326
Net assets or fund balances, end of year
$5,798,689
Program services expenses (Part IX)
$859,003
Management and general expenses
$167,411
Fundraising expenses
$157,861
Program service expenses (Part III)
$859,003

Program services were 72.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $209,543

  • 1g · Noncash contributions included above

    $12,866

  • 2a · Program service revenue: WORKSHOPS AND CLASSES

    total $373,227 · related or exempt $373,227

  • 2b · Program service revenue: ART GALLERY

    total $99,469 · related or exempt $99,469

  • 3 · Investment income

    total $83,819 · excluded $83,819

  • 6a · Gross rents

    real property $46,700

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $46,700

  • 6d · Net rental income or loss

    total $46,700 · excluded $46,700

  • 7a · Gross sales of assets other than inventory

    securities $479,128

  • 7b · Less cost or other basis and sales expenses

    securities $485,789

  • 7c · Gain or loss

    securities -$6,661

  • 7d · Net gain or loss

    total -$6,661 · excluded -$6,661

  • 8a · Fundraising events: gross income

    $240,784

  • 8b · Fundraising events: direct expenses

    $91,927

  • 8c · Net income from fundraising events

    total $148,857 · excluded $148,857

  • 11a · Other revenue: FORGIVENESS OF DEBT INCOME

    total $1,040,000 · excluded $1,040,000

  • 11b · Other revenue: ENTERTAINMENT EVENTS

    total $41,105 · related or exempt $41,105

  • 11e · Other revenue, total

    $1,081,105

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $153,476 · program services $122,780 · management and general $15,348 · fundraising $15,348

  • 7 · Other salaries and wages

    total $377,895 · program services $219,193 · management and general $53,868 · fundraising $104,834

  • 9 · Other employee benefits

    total $23,274 · program services $13,067 · management and general $3,401 · fundraising $6,806

  • 10 · Payroll taxes

    total $43,488 · program services $27,837 · management and general $5,694 · fundraising $9,957

  • 11c · Fees: accounting

    total $15,000 · management and general $15,000

  • 11f · Fees: investment management

    total $14,460 · management and general $14,460

  • 11g · Fees: other

    total $124,456 · program services $101,399 · management and general $18,926 · fundraising $4,131

  • 12 · Advertising and promotion

    total $7,240 · program services $6,267 · management and general $648 · fundraising $325

  • 13 · Office expenses

    total $31,931 · program services $27,057 · management and general $1,964 · fundraising $2,910

  • 16 · Occupancy

    total $41,401 · program services $37,261 · management and general $2,070 · fundraising $2,070

  • 22 · Depreciation, depletion and amortization

    total $111,247 · program services $88,998 · management and general $16,687 · fundraising $5,562

  • 23 · Insurance

    total $47,032 · program services $39,978 · management and general $4,702 · fundraising $2,352

  • 24a · Other expenses: SUPPLIES

    total $71,996 · program services $63,648 · management and general $8,348

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $60,144 · program services $51,122 · management and general $6,015 · fundraising $3,007

  • 24c · Other expenses: SPECIAL EVENT EXPENSES

    total $30,041 · program services $30,041

  • 24d · Other expenses: CREDIT CARD FEES

    total $25,598 · program services $25,598

  • 24e · All other expenses

    total $5,596 · program services $4,757 · management and general $280 · fundraising $559

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $439,524 · end of year $210,427

  • 2 · Savings and temporary cash investments

    beginning of year $93,296 · end of year $143,695

  • 3 · Pledges and grants receivable

    beginning of year $71,350 · end of year $34,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,468 · end of year $9,600

  • 10a · Land, buildings and equipment: cost or other basis

    $4,110,512

  • 10b · Land, buildings and equipment: accumulated depreciation

    $993,095

  • 10c · Land, buildings and equipment, net

    beginning of year $3,202,438 · end of year $3,117,417

  • 11 · Investments: publicly traded securities

    beginning of year $2,042,818 · end of year $2,353,876

  • 17 · Accounts payable and accrued expenses

    beginning of year $33,248 · end of year $70,326

  • 22 · Loans and payables to officers and key people

    beginning of year $1,040,000

  • 27 · Net assets without donor restrictions

    beginning of year $4,663,926 · end of year $5,738,009

  • 28 · Net assets with donor restrictions

    beginning of year $113,720 · end of year $60,680

Mission and programs · 2023

Mission

THE FEATHERSTONE CENTER FOR THE ARTS IS A COMMUNITY ARTS CENTER ON MARTHA'S VINEYARD, WHICH PROVIDES EXCELLENT YEAR-ROUND ARTS PROGRAMS FOR RESIDENTS OF MARTHA'S VINEYARD AND VISITORS OF ALL AGES.

Activities or mission (Part I)

A COMMUNITY ARTS CENTER ON MARTHA'S VINEYARD, WHICH PROVIDES EXCELLENT YEAR-ROUND ARTS PROGRAMS FOR RESIDENTS OF MARTHA'S VINEYARD AND VISITORS OF ALL AGES.

  • THE ORGANIZATION PROVIDES YEAR-ROUND ARTS PROGRAMS, CLASSES AND CAMPS FOR RESIDENTS OF MARTHA'S VINEYARD AND VISITORS OF ALL AGES AS WELL AS PROVIDES MANY DIVERSE WORKSHOPS, WHICH ARE LED BY PROFESSIONALS IN A VARIETY OF ARTISTIC FIELDS.

    Expenses $697,220 · Revenue $373,227

  • THE ORGANIZATION PROVIDES YEAR-ROUND GALLERY SHOWS AND EVENINGS OF MUSIC AND POETRY READINGS.

    Expenses $161,783 · Revenue $140,574

As filed on the 2023 return.

Listed in Part VII

  • Angela Egerton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Bob Avakian

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Larissa Bernat

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Nancy Corvese

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Nina Howell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Paul Mahoney

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Richard Maloney

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Shelley Christiansen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Charlie Wittenberg

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Ellen Pesch

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Lisa Brown Langley

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Perry Patterson

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Deborah Alves

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Douglas Allen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jean Kanarian

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jeremy Crigler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Ann Elizabeth Smith

    EXECUTIVE DIRECTOR

    Total calculated
    $153,476
    From this org
    $142,018
    From related orgs
    $0
    Other
    $11,458
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $142,018
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $11,458
    Filer's total
    $153,476

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
5 November 2024
IRS schema version
2023v5.1
Source object
202413109349300321

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