WASHINGTON ART ASSOCIATION INCORPORATED

EIN: 060754956 501(c)(3) Arts, Culture & Humanities

WASHINGTON DEPOT, CT

Total Revenue
$1,065,824
Total Expenses
$424,432
Total Assets
$2,652,500
Net Assets
$2,597,599
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1952
Legal Domicile
CT
Principal Officer
DAPHNE ANDERSON DEEDS
Phone
8608682878
Tax Period
2023-01-01 to 2023-12-31

WASHINGTON ART ASSOCIATION INCORPORATED, founded in 1952, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.1M in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. The organization ran a surplus of $641K, a strong 60% operating margin.

Mission

THE ORGANIZATION WAS FOUNDED IN 1952 TO PROVIDE A NURTURING PLACE FOR PEOPLE OF ALL AGES AND EXPERIENCE LEVELS TO DEVELOP THEIR SKILLS AND EXPLORE NEW ARTISTIC DIRECTIONS WITH CLASSES IN PAINTING, CERAMICS, SCULPTURE, DRAWING, AND MORE. THE ORGANIZATION'S GALLERY IS PROUD TO SHOWCASE A WIDE VARIETY OF ART IN ALL MEDIA.

Program Service Accomplishments

Program 1
Expenses: $119,889 Revenue: $122,894

EDUCATION: ART INSTRUCTION USING VARIOUS MEDIA

Program 2
Expenses: $151,334 Revenue: $46,003

ART SALES: EXHIBITION OF MEMBERS WORK

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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 (2023)

Revenue Breakdown

Contributions & Grants $783,062
Program Service Revenue $168,897
Investment Income $73,663
Other Revenue $40,202
TOTAL REVENUE $1,065,824

Expense Breakdown

Grants Paid $0
Salaries & Benefits $157,950
Fundraising Expenses $9,804
Program Expenses $271,223
Other Expenses $266,482
TOTAL EXPENSES $424,432

Year-over-Year Comparison

2023 2022 Change
Revenue $1,065,824 $1,249,188 -0.1%
Expenses $424,432 $457,522 -0.1%
Net Income $641,392 $791,666 -0.2%
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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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
20
Independent Members
20
Employees
5
Volunteers
N/A

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
5
$70,769
Total Directors
21
$70,769
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAPHNE ANDERSON DEEDS PRESIDENT / TRUSTEE 1.00
Officer Director
$0 $0 $0
ROD PLEASANTS VICE PRESIDENT / TRUSTEE 1.00
Officer Director
$0 $0 $0
JOE AUSTIN TREASURER / TRUSTEE 5.00
Officer Director
$0 $0 $0
BARBARA VON SCHREIBER SECRETARY 1.00
Officer Director
$0 $0 $0
KENISE BARNES TRUSTEE 0.00
Director
$0 $0 $0
PAIGE BOLLER TRUSTEE 0.00
Director
$0 $0 $0
WOODROW W CAMPBELL TRUSTEE 0.00
Director
$0 $0 $0
ANDREW CRAVEN TRUSTEE 0.00
Director
$0 $0 $0
KRYSTYANA CZEINER TRUSTEE 0.00
Director
$0 $0 $0
PATTY FOGLE TRUSTEE 0.00
Director
$0 $0 $0
ANNE MARIE FORAN TRUSTEE 0.00
Director
$0 $0 $0
SAMUEL FUNK TRUSTEE 0.00
Director
$0 $0 $0
JUDY JACKSON TRUSTEE 0.00
Director
$0 $0 $0
MICHELE JAMES TRUSTEE 0.00
Director
$0 $0 $0
JAY KAPLAN TRUSTEE 0.00
Director
$0 $0 $0
JON RIEDEMAN TRUSTEE 0.00
Director
$0 $0 $0
ABBEY DARER ROSENWALD TRUSTEE 0.00
Director
$0 $0 $0
HOLLY RUSSELL TRUSTEE 0.00
Director
$0 $0 $0
DIANE STEVENS TRUSTEE 0.00
Director
$0 $0 $0
PAMELA SZTYBEL TRUSTEE 0.00
Director
$0 $0 $0
SIMON HOLT EXECUTIVE DIRECTOR 40.00
Officer Director
$70,769 $0 $70,769
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
2024 No data No data No data No data
2023 $1,065,824 $424,432 $2,652,500 $641,392
2023 $1,000,824 $451,432 $2,652,500 $549,392
2022 $1,249,188 $457,522 $2,001,830 $791,666
2021 $743,429 $332,844 $1,211,475 $410,585
2020 $270,884 $285,351 $852,455 $-14,467
2019 $457,319 $394,183 $814,068 $63,136
2018 $387,138 $362,113 $734,336 $25,025
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