Milton Artists Guild FY2021 filing

Milton, VT · Public charity (501(c)(3)) · Arts & Culture

✓ Tax-deductible
Revenue
$266K
+29% vs prior year
Spent
$278K
To programs
81%
Net assets
$43K
By yearFY2020–FY2024
Revenue
$266K
FY2021▲ +29%
Revenue by fiscal year
FY2020$206K
FY2021$266K
FY2022$246K
FY2023$320K
FY2024$311K
Expenses
$278K
FY2021▲ +36%
Expenses by fiscal year
FY2020$205K
FY2021$278K
FY2022$269K
FY2023$292K
FY2024$323K
Net assets
$43K
FY2021▼ -21%
Net assets by fiscal year
FY2020$54K
FY2021$43K
FY2022$20K
FY2023$48K
FY2024$35K

From the FY2021 Form 990 · see the original

You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CMilton Artists Guild
EINHdr · item D80-0379539
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFFeb 2011
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CMilton, VT
NTEE classificationIRS BMFArts & Culture (A20)
WebsiteHdr · item Jmiltonartistsguild.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.81 Management & general $0.08 Fundraising $0.12
Program services81%$225K
Management & general8%$21K
Fundraising12%$32K
Total functional expensesLn 25$278K

Financial health

Is it on solid ground?

Program efficiency
81%
of spending reaches programs
Operating runway
3.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
-4%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$75K
FY2021▼ -4%
Total assets by fiscal year
FY2020$78K
FY2021$75K
FY2022$63K
FY2023$93K
FY2024$82K
Total liabilities
$32K
FY2021▲ +37%
Total liabilities by fiscal year
FY2020$23K
FY2021$32K
FY2022$43K
FY2023$45K
FY2024$47K
Revenue less expensesPt I · Ln 19−$11K
Total assetsPt X · Ln 16$75K
Program-expense ratioPt IX · col B81%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 47

Balance Sheet

Part X · end of year
CashLn 1$75K
Total assetsLn 16$75K
Total liabilitiesLn 26$32K
Total net assetsLn 32$43K
Months of cash on handcomputed3.2

Statement of Revenue

Part VIII
Program service revenue$173K · 65%
Contributions & grants$75K · 28%
Other revenue$19K · 7%
Program service revenue65%$173K
Contributions & grants28%$75K
Other revenue7%$19K
— government grantsLn 1e$38K
Total revenueLn 12$266K

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $75K · Operating expenses/yr $278K
3.2 months
Where the money goes
Program services
Program services $225K · Total expenses $278K
81%
Management & General
Management & general $21K · Total expenses $278K
8%
Fundraising
Fundraising $32K · Total expenses $278K
12%
Cost to raise $1
Fundraising expense (2-yr avg) $31K · Solicited contributions (2-yr avg) $58K
$0.53 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $75K · Total revenue $266K
28%
Government reliance
Government grants $38K · Total revenue $266K
14%
Earned-income share
Program service revenue $173K · Total revenue $266K
65%
Investment reliance
Investment income $0 · Total revenue $266K
0%
Program self-sufficiency
Program service revenue $173K · Total expenses $278K
62%
Growth & trend
Revenue growth (YoY)
This year $266K · Prior year $206K
+29%
Net-asset trend (YoY)
End of year $43K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $266K · Expenses $278K
-4%
Liabilities-to-Assets
Total liabilities — · Total assets $75K
—
Net-asset ratio
Net assets $43K · Total assets $75K
57%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $75K
0%
People & payroll
Highest Reported Total Compensation
Individual Caitlyn Kenney · Reported title Executive Dir. · Highest reported compensation $71K · Total expenses $278K
25%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $122K · Total expenses $278K
44%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 81%——
Overhead ratio 8%——
Fundraising cost ratio 43%——
Revenue growth 29%——
Investment management fee ratio 0%——
Legal fee ratio 0%——
Accounting fee ratio 2%——
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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Dir.
$70,664Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$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.

See Milton Artists Guild executive salaries →

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Governance & Policies

Part VI
  • 9Voting board membersPt VI · Ln 1a
  • 7Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2Yes

Mission and programs

What it does.

Promotes artistic expression and creative endeavors among members.

Provided by the organization

This section is blank until Milton Artists Guild claims this page.

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Mission & Programs · Part III

Where the work happens

3 program services account for $225K of program spending, described in the organization's own filed words · FY2021.
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.

$191Kprogram expense
02

Social Sundays, a free weekly art project, which due to COVID were held remotely for 2021, were held year round with the support of the Spark! Connecting Community Grant. These art projects were focused on families, and their children for their participation in free weekly art kits that were available for pick up at the Gallery every…

$19Kprogram expense
03

Numerous monthly workshops are offered to the public, both in person and online due to COVID. Throughout the year, several themed events and workshops were offered, especially near major holidays (e.g. Christmas, New Years, etc.). Over 100 people participated in the workshops during 2021.

$15Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

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

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest $311K$323K-3% 990 PDF
FY2023 $320K$292K+30% 990 PDF
FY2022 $246K$269K-8% 990 PDF
FY2021 Viewing $266K$278K+29% 990 PDF
FY2020 $206K$205K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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