Milton Artists Guild FY2020 filing

Public charity (501(c)(3)) Milton, VT EIN 80-0379539 NTEE A20
Revenue
$206K
FY2020 · Pt VIII · Ln 12
Expenses
$205K
FY2020 · Pt IX · Ln 25
Net assets
$54K
FY2020 · Pt X · Ln 32
To programs
73%
FY2020 · Pt IX · col B
Revenue & expenses by yearFY2020–FY2024
Revenue
$206K
FY2020
Expenses
$205K
FY2020

Promotes artistic expression and creative endeavors among members.

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Tax-deductible?
Yes
Per the IRS master file.
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Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
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Filing up to date?
Filed FY2024 (typical filing lag)
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Foundation funders?
4 funders, incl. Fidelity Investments Charitable Gift Fund
$32K in the latest grant year.
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Spent on programs?
73% to programs
Form 990 Part IX, latest filing.
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Size and trend
$100K–1M
Details →

Form 990 for the fiscal year ending December 2020 (IRS tax year 2020).


Promotes artistic expression and creative endeavors among members.

Type
Public charity (501(c)(3)) · Arts & Culture
Location
Milton, VT
Website
miltonartistsguild.org
Filings
5 on file (2020–2020)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Where the money goes · FY2020
Where spending went · Part IX cols B–D
Program services $0.73 Management & general $0.13 Fundraising $0.15
Program efficiency
73%
of spending reaches programs
Operating runway
4.5mo
months of highly liquid reserves at operating expense rate
Surplus margin
+0.4%
revenue over expenses, this year

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Summary of the Filing

Part I · fiscal year 2020 · Form 990
Total assets
$78K
FY2020
Total liabilities
$23K
FY2020
Revenue less expensesPt I · Ln 19$777
Total assetsPt X · Ln 16$78K
Program-expense ratioPt IX · col B73%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 47

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CMilton Artists Guild
EINHdr · item D80-0379539
Principal addressHdr · item CMilton, VT
WebsiteHdr · item Jmiltonartistsguild.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MVT
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A20)
Ruling yearIRS BMFFeb 2011

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Dir.
$65,000Pt VII · Sec A
Secretary & VP
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Corrina Thurston’s $60K as Executive Dir. is at the 54th percentile of top reported officer pay among 2216 $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 · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Caitlyn Kenney——$40,910$70,664$65,000
Corrina Thurston$59,500$58,000———

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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Mission & Programs · Part III

Where the work happens

3 program services account for $147K of program spending, described in the organization's own filed words · FY2020.
01

Operation of an Art Center and Gallery in Milton, VT. The Art Center offers a permanent location for local artists to create and display their works. The Center is staffed by five part-time employees and one full-time Executive Director, as well as by volunteers. The Center is open to the public and admission is free.

$112Kprogram expense
02

Membership of community artists to educate and promote the arts.

$30Kprogram expense
03

During COVID-19, our numerous workshops and programs were moved online. These monthly workshops are offered to the public and held on Zoom due to social distancing restrictions. Throughout the year, we focused on low-cost workshops for professional development for artists, helping them to adapt to COVID markets by moving their sales…

$6Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$116K · 56%
Contributions & grants$89K · 43%
Program service revenue56%$116K
Contributions & grants43%$89K
Other revenue$380
— government grantsLn 1e$9K
Total revenueLn 12$206K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.73 Management & general $0.13 Fundraising $0.15
Program services73%$149K
Management & general13%$26K
Fundraising15%$30K
Total functional expensesLn 25$205K

Balance Sheet

Part X · end of year
CashLn 1$78K
Total assetsLn 16$78K
Total liabilitiesLn 26$23K
Total net assetsLn 32$54K
Months of cash on handcomputed4.5

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $78K · Operating expenses/yr $205K
4.5 months
Where the money goes
Program services
Program services $149K · Total expenses $205K
73%
Management & General
Management & general $26K · Total expenses $205K
13%
Fundraising
Fundraising $30K · Total expenses $205K
15%
Cost to raise $1
Fundraising expense $30K · Solicited contributions $80K
$0.37 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $89K · Total revenue $206K
43%
Government reliance
Government grants $9K · Total revenue $206K
4%
Earned-income share
Program service revenue $116K · Total revenue $206K
56%
Investment reliance
Investment income $0 · Total revenue $206K
0%
Program self-sufficiency
Program service revenue $116K · Total expenses $205K
57%
Growth & trend
Revenue growth (YoY)
This year $206K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $54K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $206K · Expenses $205K
+0.4%
Liabilities-to-Assets
Total liabilities — · Total assets $78K
—
Net-asset ratio
Net assets $54K · Total assets $78K
70%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $78K
0%
People & payroll
Highest Reported Total Compensation
Individual Caitlyn Kenney · Reported title Executive Dir. · Highest reported compensation $65K · Total expenses $205K
32%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $115K · Total expenses $205K
56%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 73%——
Overhead ratio 13%——
Fundraising cost ratio 34%——
Investment management fee ratio 0%——
Legal fee ratio 0%——
Accounting fee ratio 4%——
Fundraising fee ratio 0%——

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 · received and paid
Grants received · FY2024
Total grants receivedfrom 4 funders$32K
See all 4 funders →
Grants paid · 2 grants · $8K · 2024–2024
Unitemized GrantFY2024$6,000
Unitemized GrantFY2024$1,900

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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
FY2024 (Latest)$311K revenue · ⤓ 990 PDF
FY2023$320K revenue · ⤓ 990 PDF
FY2022$246K revenue · ⤓ 990 PDF
FY2021$266K revenue · ⤓ 990 PDF
FY2020$206K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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