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Nonprofiteer
← FINE ARTS WORK CENTER IN PROVINCETOWN INC

Form 990 for tax year 2022

Filed by FINE ARTS WORK CENTER IN PROVINCETOWN INC.

Totals

Total revenue
$3,051,629
Total expenses
$2,599,676
Contributions and grants received
$2,137,024
Grants paid
$0
Program service revenue
$714,633
Investment income
$148,904
Other revenue
$51,068
Total assets, end of year
$8,527,011
Total liabilities, end of year
$1,604,409
Net assets or fund balances, end of year
$6,922,602
Program services expenses (Part IX)
$1,832,464
Management and general expenses
$389,758
Fundraising expenses
$377,454
Program service expenses (Part III)
$1,832,464

Program services were 70.5% 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.

  • 1c · Fundraising events

    $353,421

  • 1e · Government grants (contributions)

    $339,932

  • 1f · All other contributions, gifts and grants

    $1,443,671

  • 1g · Noncash contributions included above

    $21,000

  • 2a · Program service revenue: TUITION

    total $445,500 · related or exempt $445,500

  • 2b · Program service revenue: RESIDENCY RENTAL

    total $209,886 · related or exempt $209,886

  • 2c · Program service revenue: APPLICATION FEES

    total $59,247 · related or exempt $59,247

  • 3 · Investment income

    total $74,168 · excluded $74,168

  • 7a · Gross sales of assets other than inventory

    other assets $110,088

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

    other assets $35,352

  • 7c · Gain or loss

    other assets $74,736

  • 7d · Net gain or loss

    total $74,736 · excluded $74,736

  • 8a · Fundraising events: gross income

    $149,511

  • 8a · Fundraising events: contributions included on line 1c

    $353,421

  • 8b · Fundraising events: direct expenses

    $116,200

  • 8c · Net income from fundraising events

    total $33,311 · excluded $33,311

  • 10a · Gross sales of inventory

    $18,711

  • 10b · Cost of goods sold

    $2,249

  • 10c · Net income from sales of inventory

    total $16,462 · related or exempt $16,462

  • 11a · Other revenue: CREDIT CARD REBATES

    total $1,295 · excluded $1,295

  • 11e · Other revenue, total

    $1,295

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $158,254 · program services $94,952 · management and general $31,651 · fundraising $31,651

  • 7 · Other salaries and wages

    total $699,566 · program services $563,716 · management and general $58,423 · fundraising $77,427

  • 9 · Other employee benefits

    total $97,090 · program services $66,313 · management and general $11,084 · fundraising $19,693

  • 10 · Payroll taxes

    total $70,368 · program services $47,602 · management and general $8,509 · fundraising $14,257

  • 11b · Fees: legal

    total $1,045 · management and general $1,045

  • 11c · Fees: accounting

    total $57,423 · management and general $57,423

  • 11e · Fees: professional fundraising services

    total $51,522 · fundraising $51,522

  • 11f · Fees: investment management

    total $21,038 · management and general $21,038

  • 11g · Fees: other

    total $462,068 · program services $376,908 · management and general $85,160

  • 12 · Advertising and promotion

    total $49,796 · program services $25,512 · management and general $24,284

  • 13 · Office expenses

    total $86,479 · program services $29,537 · management and general $52,134 · fundraising $4,808

  • 16 · Occupancy

    total $200,720 · program services $194,807 · management and general $5,913

  • 20 · Interest

    total $50,388 · program services $48,621 · management and general $1,767

  • 22 · Depreciation, depletion and amortization

    total $221,832 · program services $214,053 · management and general $7,779

  • 23 · Insurance

    total $90,088 · program services $86,581 · management and general $3,507

  • 24a · Other expenses: EVENT EXPENSES

    total $187,730 · program services $28,900 · fundraising $158,830

  • 24b · Other expenses: CREDIT CARD FEES

    total $35,058 · program services $15,834 · management and general $6,389 · fundraising $12,835

  • 24c · Other expenses: PROGRAM MATERIALS

    total $16,985 · program services $16,985

  • 24e · All other expenses

    total $42,226 · program services $22,143 · management and general $13,652 · fundraising $6,431

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $547,442 · end of year $222,244

  • 2 · Savings and temporary cash investments

    beginning of year $334,197 · end of year $140,510

  • 3 · Pledges and grants receivable

    beginning of year $395,134 · end of year $944,114

  • 8 · Inventories for sale or use

    beginning of year $6,300 · end of year $4,500

  • 9 · Prepaid expenses and deferred charges

    beginning of year $39,384 · end of year $72,511

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

    $7,913,071

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

    $3,734,313

  • 10c · Land, buildings and equipment, net

    beginning of year $4,077,214 · end of year $4,178,758

  • 11 · Investments: publicly traded securities

    beginning of year $2,426,552 · end of year $2,964,374

  • 17 · Accounts payable and accrued expenses

    beginning of year $93,130 · end of year $288,151

  • 19 · Deferred revenue

    beginning of year $57,846 · end of year $30,339

  • 23 · Secured mortgages and notes payable

    beginning of year $1,174,717 · end of year $1,141,788

  • 24 · Unsecured notes and loans payable

    beginning of year $149,900 · end of year $144,131

  • 27 · Net assets without donor restrictions

    beginning of year $2,931,049 · end of year $3,006,760

  • 28 · Net assets with donor restrictions

    beginning of year $3,419,581 · end of year $3,915,842

Mission and programs · 2022

Mission

THE FINE ARTS WORK CENTER IS AN ARTIST-LED ORGANIZATION BASED IN PROVINCETOWN AND CONNECTED TO THE WORLD. WE SUPPORT ARTISTIC FREEDOM, NURTURE CREATIVE CONNECTIONS, AND MAKE POSSIBLE ARTISTIC ACHIEVEMENTS IMPORTANT TO THE LARGER CULTURE.

  • SUMMER PROGRAM: WITH MORE THAN 60 WEEK-LONG WORKSHOPS OFFERED BY MANY OF THE MOST RENOWNED WRITERS AND ARTISTS WORKING TODAY, THIS YEAR'S SUMMER WORKSHOP PROGRAM PRESENTED CLASSES IN POETRY, FICTION, MEMOIR, NONFICTION, PAINTING, DRAWING, PRINTMAKING, SCULPTURE, PHOTOGRAPHY AND MIXED MEDIA, AS WELL AS A NEW MASTER PRINTER SERIES. THE PROGRAM HAS EXPANDED TO INCLUDE CLASSES IN PRINTMAKING, PERFORMANCE ART, VIDEO, AND SONGWRITING. COURSES ARE OFFERED AT ALL LEVELS AND WITH AN INTENSIVE COMMITMENT TO DIVERSITY OF EXPRESSION. A WRITING LAB AND THE VISUAL ART STUDIOS ARE OPEN, AROUND THE CLOCK, CREATING AN ARTISTICALLY DYNAMIC ENVIRONMENT WITH OPPORTUNITIES FOR COMPLETE IMMERSION IN THE CREATIVE PROCESS.

    Expenses $586,785 · Revenue $253,256

  • FELLOWSHIP PROGRAM: WITH SEVEN-MONTH RESIDENCIES FOR EMERGING WRITERS AND ARTISTS, THE FINE ARTS WORK CENTER IS ONE OF THE COUNTRY'S PREEMINENT LONG-TERM RESIDENCIES, OFFERING A UNIQUE FELLOWSHIP PROGRAM FOR WRITERS AND VISUAL ARTISTS IN THE CRUCIAL EARLY STAGES OF THEIR CAREERS. THE WORK CENTER PROVIDES SEVEN-MONTH FELLOWSHIPS TO TWENTY FELLOWS EACH YEAR IN THE FORM OF LIVING/WORK SPACE AND A MONTHLY STIPEND. RESIDENCIES RUN FROM OCTOBER 1 THROUGH APRIL 30. FELLOWS PURSUE THEIR WORK INDEPENDENTLY IN A DIVERSE AND SUPPORTIVE COMMUNITY OF PEERS WHILE LIVING IN AN AREA OF SPECTACULAR NATURAL BEAUTY. PAST FELLOWS HAVE WON EVERY MAJOR NATIONAL AWARD AND PRIZE, INCLUDING THE PULITZER, MACARTHUR, WHITING, POLLOCK-KRASNER, TIFFANY, PRIX DE ROME, GUGGENHEIM, NATIONAL ENDOWMENT FOR THE ARTS AND NATIONAL BOOK AWARD, PUBLISHING HUNDREDS OF BOOKS AND EXHIBITING IN COUNTLESS MUSEUMS AND GALLERIES WORLDWIDE. FINE ARTS WORK CENTER FELLOWS ARE EXPECTED TO LIVE AND WORK IN PROVINCETOWN DURING THE FELLOWSHIP YEAR. OPTIONAL GROUP ACTIVITIES PROVIDE OPPORTUNITIES TO MEET PROGRAM COMMITTEE MEMBERS, AS WELL AS VISITING ARTISTS AND WRITERS OF NOTE.

    Expenses $752,663 · Revenue $269,133

  • ONLINE WRITING PROGRAM: BUILDING ON THE WORK CENTER'S TRADITION OF CREATIVE EXCELLENCE AND COMMUNITY, 24PEARLSTREET OFFERS AN ENGAGING ONLINE LEARNING EXPERIENCE LED BY NATIONALLY RECOGNIZED POETS AND WRITERS. STUDENTS CAN FOCUS ON DOING THEIR BEST WORK UNDER THE GUIDANCE OF EXCEPTIONAL FACULTY, REGARDLESS OF THEIR LOCATION OR SCHEDULE. THE PROGRAM RUNS YEAR ROUND IN THREE GENRES: POETRY, FICTION, AND NONFICTION.

    Expenses $289,564 · Revenue $192,244

  • PUBLIC PROGRAMS: THROUGHOUT THE YEAR, THE FINE ARTS WORK CENTER PRESENTS A FREE SERIES OF PUBLIC EVENTS THAT INCLUDES ARTIST TALKS, READINGS BY NATIONALLY RECOGNIZED VISITING ARTISTS AND WRITERS, AND EXHIBITIONS. EVENTS ARE OFFERED BOTH VIRTUALLY AND IN PERSON AND ARE PRESENTED AT NO COST TO ENSURE THEY ARE ACCESSIBLE TO A BROAD AND DIVERSE AUDIENCE. THE PRESENTATION OF THESE EVENTS FURTHERS OUR COMMITMENT TO AMPLIFY THE CREATIVE VITALITY OF PROVINCETOWN.

    Expenses $203,452 · Revenue $16,462

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Lynne Kortenhaus

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Major Jackson

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Duane Slick

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Carol Warshawsky

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Sandi McKinley

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Gavin Kennedy

    CLERK

    Total calculated
    $0
    Hours/week
    1

  • Neal Balkowitsch

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ted Chapin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Michael Cunningham

    PAST VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Bruce Danzer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Marty Davis

    TRUSTEE EMERITUS

    Total calculated
    $0
    Hours/week
    1

  • Christian Draz

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Yvette Drury Dubinsky

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Marie Howe

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Elliott Hundley

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jhumpa Lahiri

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ted Malone

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • James McClennen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Sophie McManus

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Neal Minahan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Andrew Mockler

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Esther Paster Grossman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jack Pierson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Bryan Rafanelli

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Federico Roa

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Bettina Rosarius

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • James Stanley

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mark Wunderlich

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Sharon Polli

    EXECUTIVE DIRECTOR

    Total calculated
    $147,058
    From this org
    $138,758
    From related orgs
    $0
    Other
    $8,300
    Hours/week
    40

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
15 August 2024
IRS schema version
2022v5.0
Source object
202412289349303661

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