Marblehead Arts Association EIN 04-2078801 Form 990 (PDF) Claim this org

Marblehead Arts Association

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Promotes appreciation for fine and applied arts through various programs and events. For fiscal year 2025 it reported $262K in revenue, $281K in expenses, and $971K in net assets.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
Marblehead, MA
Website
marbleheadarts.org
Filings
6 on file (2020–2025)
Revenue
$262KFY2025
Expenses
$281K
Net assets
$971K
People
8
Filings
6
Updates
0
More identity details & actions ⌄
EIN  04-2078801 Public charity (501(c)(3)) Marblehead, MA
Form 990 (PDF)
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Size
$100K–1M
What they do
Promotes appreciation for fine and applied arts through various programs and events.
Leadership
James Murphy · President
Money in and out
$262K revenue, $281K expenses
Bottom line
58% program efficiency
Where the money goes · FY2025
Total revenue
$262K
Pt VIII · Ln 12
Total expenses
$281K
Pt IX · Ln 25
Net assets
$971K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$19K
Where spending went · Part IX cols B–D
Program services $0.58 Management & general $0.33 Fundraising $0.09
Program efficiency
58%
of spending reaches programs▼ -5% vs prior filing year
Operating runway
4.5mo
months of highly liquid reserves at operating expense rate▼ -72% vs prior filing year
Surplus margin
-7%
revenue over expenses, this year▼ -281% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$262K
FY2025▲ +11%
Expenses
$281K
FY2025▲ +24%
Total assets
$999K
FY2025▼ -2%
Total liabilities
$28K
FY2025▼ -27%
Total revenue
$262K
Pt VIII · Ln 12
Total expenses
$281K
Pt IX · Ln 25
Net assets
$971K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$19K
Total assetsPt X · Ln 16$999K
Program-expense ratioPt IX · col B58%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48
Mission & Programs · Part III

Where the work happens

1 program service account for $162K of program spending, described in the organization's own filed words · FY2024.
01

All activities relate directly to the organization's purpose. This was accomplished by presenting exhibits,programs,classes and special events.

$162Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMarblehead Arts Association
EINHdr · item D04-2078801
Principal addressHdr · item CMarblehead, MA
WebsiteHdr · item Jmarbleheadarts.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A200)
Ruling yearIRS BMFMay 1953

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director, House Committee
$0Pt VII · Sec A
Membership, Community Lias
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Clerk/Secretarty
$0Pt VII · Sec A

Xhazzie Kindle’s $52K as Director of Operations is at the 46th percentile of top reported officer pay among 2213 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Xhazzie Kindle$51,670
Patti Baker$44,500$45,000
Catherine Amidon$34,615$26,538

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$196K · 75%
Other revenue$59K · 23%
Program service revenue$7K · 3%
Contributions & grants75%$196K
Other revenue23%$59K
Program service revenue3%$7K
— government grantsLn 1e$10K
Total revenueLn 12$262K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.58 Management & general $0.33 Fundraising $0.09
Program services58%$162K
Management & general33%$92K
Fundraising9%$27K
Total functional expensesLn 25$281K

Balance Sheet

Part X · end of year
CashLn 1$105K
Total assetsLn 16$999K
Total liabilitiesLn 26$28K
Total net assetsLn 32$971K
Months of cash on handcomputed4.5

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $105K · Operating expenses/yr $281K
4.5 months
Where the money goes
Program services
Program services $162K · Total expenses $281K
58%
Management & General
Management & general $92K · Total expenses $281K
33%
Fundraising
Fundraising $27K · Total expenses $281K
9%
Cost to raise $1
Fundraising expense (3-yr avg) $21K · Solicited contributions (3-yr avg) $170K
$0.12 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $196K · Total revenue $262K
75%
Government reliance
Government grants $10K · Total revenue $262K
4%
Earned-income share
Program service revenue $7K · Total revenue $262K
3%
Investment reliance
Investment income $-3K · Total revenue $262K
-1%
Program self-sufficiency
Program service revenue $7K · Total expenses $281K
2%
Growth & trend
Revenue growth (YoY)
This year $262K · Prior year $236K
+11%
Revenue CAGR
FY2019 $167K · FY2024 $262K
+9%
Net-asset trend (YoY)
End of year $971K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $262K · Expenses $281K
-7%
Liabilities-to-Assets
Total liabilities — · Total assets $999K
Net-asset ratio
Net assets $971K · Total assets $999K
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $999K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual James Murphy · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $281K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $135K · Total expenses $281K
48%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 58%
Overhead ratio 33%
Fundraising cost ratio 14%
Revenue growth 11%
Accounting fee ratio 3%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$71K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$262K revenue · viewing · ⤓ 990 PDF
FY2024$236K revenue · ⤓ 990 PDF
FY2023$241K revenue · ⤓ 990 PDF
FY2022$374K revenue · ⤓ 990 PDF
FY2021$480K revenue · ⤓ 990 PDF
FY2020$167K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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