FREDERICK BOOK ARTS CENTER INC

EIN: 823894693 501(c)(3) Arts, Culture & Humanities

FREDERICK, MD

Total Revenue
$220,174
Total Expenses
$257,678
Total Assets
$101,322
Net Assets
$101,262
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
MD
Principal Officer
SARA FRIEDMAN
Phone
3012289816
Tax Period
2023-01-01 to 2023-12-31

FREDERICK BOOK ARTS CENTER INC, founded in 2018, is a small nonprofit in the Arts, Culture & Humanities sector that reported $220K in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $258K exceeded revenue, resulting in a 17% operating deficit.

Mission

THE FREDERICK BOOK ARTS CENTER IS A 501(C)(3) NON-PROFIT ORGANIZATION ART CENTER. WE OPENED OUR DOORS FOR CLASSES TO HELP THE THRIVING ARTIST AND HOBBYIST COMMUNITY IN GREATER FREDERICK. WE SERVE OUR COMMUNITY THROUGH A VARIETY OF WAYS; WE OFFER HIGH-QUALITY CLASSES TAUGHT BY LOCAL AND VISITING ARTISTS AT PRICES MAINLY TO COVER MATERIAL-COST, WE OFFER A RETAIL SPACE FOR EXPERIENCED AND FLEDGLING ARTISTS TO SELL THEIR ART, WE RENT OUT WORKSPACE AND EQUIPMENT FOR ART THAT WOULD OTHERWISE BE INACCESSIBLE, WE OFFER LOW-COST OR NO-COST CLASSES TO REACH LOW INCOME MEMBERS OF THE COMMUNITY, AND SERVE TO EDUCATE THE GREATER FREDERICK COMMUNITY ABOUT BOOK ARTS.

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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 $166,418
Program Service Revenue $17,597
Investment Income $3
Other Revenue $36,156
TOTAL REVENUE $220,174

Expense Breakdown

Grants Paid $0
Salaries & Benefits $97,741
Fundraising Expenses $308
Program Expenses $73,224
Other Expenses $159,937
TOTAL EXPENSES $257,678

Year-over-Year Comparison

2023 2022 Change
Revenue $220,174 $243,945 -0.1%
Expenses $257,678 $265,050 0.0%
Net Income $-37,504 $-21,105 +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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
7
Independent Members
7
Employees
4
Volunteers
25

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
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHNNY CARRERA CEO & BOARD MEMBER 40.00
Officer Director
$0 $0 $0
SARA FRIEDMAN CFO & BOARD PRES. 40.00
Officer Director
$0 $0 $0
LEE NEWMAN BOARD TREASURER 40.00
Officer Director
$0 $0 $0
GREG WILSON BOARD SECRETARY 2.00
Officer Director
$0 $0 $0
SUZANNE GROBBEL BOARD VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
ALBERT B BARNHART JR BOARD MEMBER 2.00
Director
$0 $0 $0
PIERRE BOWINS BOARD MEMBER 2.00
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
2024 No data No data No data No data
2023 $220,174 $257,678 $101,322 $-37,504
2022 $243,945 $265,050 $161,321 $-21,105
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