FINE ARTS WORK CENTER IN PROVINCETOWN INC

EIN: 042487373 501(c)(3) Arts, Culture & Humanities

PROVINCETOWN, MA

Total Revenue
$2,697,710
Total Expenses
$2,800,134
Total Assets
$8,820,196
Net Assets
$6,886,514
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1971
Legal Domicile
MA
Principal Officer
SHARON POLLI
Phone
5084879960
Tax Period
2024-10-01 to 2025-06-30

FINE ARTS WORK CENTER IN PROVINCETOWN INC, founded in 1971, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.7M in total revenue in fiscal year 2024. Net assets of $6.9M represent 31 months of operating reserves.

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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,204,055
Program Service Revenue $421,928
Investment Income $71,727
Other Revenue $0
TOTAL REVENUE $2,697,710

Expense Breakdown

Grants Paid $413,520
Salaries & Benefits $965,953
Fundraising Expenses $259,610
Program Expenses $2,120,625
Other Expenses $1,332,042
TOTAL EXPENSES $2,800,134

Year-over-Year Comparison

2024 2023 Change
Revenue $2,697,710 $2,833,892 0.0%
Expenses $2,800,134 $3,344,274 -0.2%
Net Income $-102,424 $-510,382 -0.8%
Key Indicators
✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
29
Independent Members
29
Employees
17
Volunteers
48

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$175,848
Total Directors
29
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHARON POLLI EXECUTIVE DI 40.00
Officer
$164,645 $11,203 $175,848
NEAL BALKOWITSCH TRUSTEE 0.50
Director
$0 $0 $0
KAREN VAN BERGEN TRUSTEE 0.50
Director
$0 $0 $0
MICHAEL CUNNINGHAM TRUSTEE 0.50
Director
$0 $0 $0
YVETTE DRURY DUBINSKEY TRUSTEE 0.50
Director
$0 $0 $0
ESTHER PASTER GROSSMAN TRUSTEE 0.50
Director
$0 $0 $0
MARIE HOWE TRUSTEE 0.50
Director
$0 $0 $0
ELLIOTT HUNDLEY TRUSTEE 0.50
Director
$0 $0 $0
MAJOR JACKSON VICE PRESIDE 0.50
Officer Director
$0 $0 $0
BRUCE SKILES DANZER JR TRUSTEE 0.50
Director
$0 $0 $0
JEFFREY KATZ TRUSTEE 0.50
Director
$0 $0 $0
GAVIN KENNEDY CLERK 0.50
Officer Director
$0 $0 $0
LYNNE KORTENHAUS PRESIDENT 0.50
Officer Director
$0 $0 $0
JHUMPA LAHIRI TRUSTEE 0.50
Director
$0 $0 $0
PATRICK LENIHAN TRUSTEE 0.50
Director
$0 $0 $0
SHAWN MANDERSON TRUSTEE 0.50
Director
$0 $0 $0
SANDI MCKINLEY TREASURER 0.50
Officer Director
$0 $0 $0
SOPHIE MCMANUS TRUSTEE 0.50
Director
$0 $0 $0
NEAL MINAHAN TRUSTEE 0.50
Director
$0 $0 $0
ANDREW MOCKLER TRUSTEE 0.50
Director
$0 $0 $0
HELEN MOLESWORTH TRUSTEE 0.50
Director
$0 $0 $0
JOHN MURILLO TRUSTEE 0.50
Director
$0 $0 $0
PATRICK NOLAN TRUSTEE 0.50
Director
$0 $0 $0
JACK PIERSON TRUSTEE 0.50
Director
$0 $0 $0
BRYAN RAFANELLI TRUSTEE 0.50
Director
$0 $0 $0
FEDERICO ROA TRUSTEE 0.50
Director
$0 $0 $0
DUANE SLICK VICE PRESIDE 0.50
Officer Director
$0 $0 $0
JAMES EVERTT STANLEY TRUSTEE 0.50
Director
$0 $0 $0
CAROL WARSHAWSKY VICE PRESIDE 0.50
Officer Director
$0 $0 $0
MARK WUNDERLICH TRUSTEE 0.50
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $2,697,710 $2,800,134 $8,820,196 $-102,424
2024 No data No data No data No data
2023 $3,051,629 $2,599,676 $8,527,011 $451,953
2022 $2,504,885 $2,309,037 $7,826,223 $195,848
2021 $1,914,761 $1,530,379 $8,485,564 $384,382
2020 $1,424,060 $1,730,038 $7,630,415 $-305,978
2019 $1,824,873 $1,833,042 $7,513,229 $-8,169
2018 $3,546,682 $1,744,618 $7,546,128 $1,802,064
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