Civic Intelligence

Featherstone Center for the Arts Inc

EIN 04-2725296 • 501(c)3 • Oak Bluffs, MA

Profile

The featherstone center for the arts is a community arts center on martha's vineyard which provides excellent year-round arts programs for residents of martha's vineyard and visitors of all ages.

PO Box 1145Oak Bluffs, MA 02557

www.featherstoneart.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

21st percentile

0.01x

Higher debt load relative to assets than 21% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

31st percentile

0.06x

Higher debt load relative to revenue than 31% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

28th percentile

-3.6%

Higher net margin than 28% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

59th percentile

$152,885

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 14.3% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

38th percentile

0.6%

Faster asset growth than 38% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

6th percentile

-47%

Faster revenue growth than 6% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$5,901,483

Up $32,468 (+0.6%) from 2023

Liabilities

Down

$65,846

Down $4,480 (-6.4%) from 2023

Net Assets

Up

$5,835,637

Up $36,948 (+0.6%) from 2023

Revenue

Down

$1,069,533

Down $966,526 (-47%) from 2023

Expenses

Down

$1,107,584

Down $76,691 (-6.5%) from 2023

Net Income

Down

-$38,051

Down $889,835 (-104%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $1,012,615Liabilities 2010: $9,526Net Assets 2010: $1,003,0892010Assets 2011: $1,028,459Liabilities 2011: $12,918Net Assets 2011: $1,015,5412011Assets 2012: $1,230,624Liabilities 2012: $7,193Net Assets 2012: $1,223,4312012Assets 2013: $1,242,086Liabilities 2013: $9,591Net Assets 2013: $1,232,4952013Assets 2014: $1,327,945Liabilities 2014: $13,740Net Assets 2014: $1,314,2052014Assets 2015: $1,382,282Liabilities 2015: $38,128Net Assets 2015: $1,344,1542015Assets 2016: $4,347,695Liabilities 2016: $13,897Net Assets 2016: $4,333,7982016Assets 2017: $6,023,744Liabilities 2017: $1,302,176Net Assets 2017: $4,721,5682017Assets 2018: $6,060,899Liabilities 2018: $1,302,379Net Assets 2018: $4,758,5202018Assets 2019: $6,019,066Liabilities 2019: $1,142,249Net Assets 2019: $4,876,8172019Assets 2020: $6,002,167Liabilities 2020: $1,206,376Net Assets 2020: $4,795,7912020Assets 2021: $6,186,967Liabilities 2021: $1,053,755Net Assets 2021: $5,133,2122021Assets 2022: $5,850,894Liabilities 2022: $1,073,248Net Assets 2022: $4,777,6462022Assets 2023: $5,869,015Liabilities 2023: $70,326Net Assets 2023: $5,798,6892023Assets 2024: $5,901,483Liabilities 2024: $65,846Net Assets 2024: $5,835,6372024

Highlighted filing

2024

Assets$5,901,483
Liabilities$65,846
Net Assets$5,835,637

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $432,9162010Expenses 2011: $438,6362011Revenue 2012: $587,190Expenses 2012: $414,682Net Income 2012: $172,5082012Revenue 2013: $432,730Expenses 2013: $461,096Net Income 2013: -$28,3662013Revenue 2014: $590,704Expenses 2014: $505,073Net Income 2014: $85,6312014Revenue 2015: $723,406Expenses 2015: $663,519Net Income 2015: $59,8872015Revenue 2016: $3,661,256Expenses 2016: $633,461Net Income 2016: $3,027,7952016Revenue 2017: $928,728Expenses 2017: $693,595Net Income 2017: $235,1332017Revenue 2018: $1,043,745Expenses 2018: $799,746Net Income 2018: $243,9992018Revenue 2019: $778,079Expenses 2019: $806,693Net Income 2019: -$28,6142019Revenue 2020: $520,409Expenses 2020: $615,950Net Income 2020: -$95,5412020Revenue 2021: $1,039,458Expenses 2021: $717,146Net Income 2021: $322,3122021Revenue 2022: $951,556Expenses 2022: $1,062,835Net Income 2022: -$111,2792022Revenue 2023: $2,036,059Expenses 2023: $1,184,275Net Income 2023: $851,7842023Revenue 2024: $1,069,533Expenses 2024: $1,107,584Net Income 2024: -$38,0512024

Highlighted filing

2024

Revenue$1,069,533
Expenses$1,107,584
Net Income-$38,051

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.90$0.07$5.84$1.07$1.11$0.04
2023Detailed filing. Detailed filing data is available for this year.$5.87$0.07$5.80$2.04$1.18$0.85
2022Detailed filing. Detailed filing data is available for this year.$5.85$1.07$4.78$0.95$1.06$0.11
2021Detailed filing. Detailed filing data is available for this year.$6.19$1.05$5.13$1.04$0.72$0.32
2020Detailed filing. Detailed filing data is available for this year.$6.00$1.21$4.80$0.52$0.62$0.10
2019Detailed filing. Detailed filing data is available for this year.$6.02$1.14$4.88$0.78$0.81$0.03
2018Detailed filing. Detailed filing data is available for this year.$6.06$1.30$4.76$1.04$0.80$0.24
2017Detailed filing. Detailed filing data is available for this year.$6.02$1.30$4.72$0.93$0.69$0.24
2016Detailed filing. Detailed filing data is available for this year.$4.35$0.01$4.33$3.66$0.63$3.03
2015Detailed filing. Detailed filing data is available for this year.$1.38$0.04$1.34$0.72$0.66$0.06
2014Detailed filing. Detailed filing data is available for this year.$1.33$0.01$1.31$0.59$0.51$0.09
2013Detailed filing. Detailed filing data is available for this year.$1.24$0.01$1.23$0.43$0.46$0.03
2012Summary only. Only limited summary data is available for this year.$1.23$0.01$1.22$0.59$0.41$0.17
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.03$0.01$1.02$0.44
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.01$0.01$1.00$0.43
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 30, 2025
Return Version
2024v5.2
Gross Receipts
$1,185,868
Mission and Program Overview

Mission

The featherstone center for the arts is a community arts center on martha's vineyard, which provides excellent year-round arts programs for residents of martha's vineyard and visitors of all ages.

A community arts center on martha's vineyard, which provides excellent year-round arts programs for residents of martha's vineyard and visitors of all ages.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,117,417$3,159,999▲ $42,582
Investments in Publicly Traded Securities$2,353,876$2,442,473▲ $88,597
Savings and Temporary Cash Investments$143,695$163,362▲ $19,667
Cash and Non-Interest-Bearing Accounts$210,427$112,133▼ $98,294
Pledges and Grants Receivable$34,000--
Accounts Receivable-$13,144-
Prepaid Expenses and Deferred Charges$9,600$10,372▲ $772
Total Assets$5,869,015$5,901,483▲ $32,468
Liabilities
Accounts Payable and Accrued Expenses$70,326$65,846▼ $4,480
Total Liabilities$70,326$65,846▼ $4,480
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,738,009$5,768,957▲ $30,948
Net Assets With Donor Restrictions$60,680$66,680▲ $6,000
Total Net Assets Fund Balance$5,798,689$5,835,637▲ $36,948
Total Liabilities and Net Assets / Fund Balance$5,869,015$5,901,483▲ $32,468

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,818,254$937,726$3,755,980
Land$188,762-$188,762
Other Land Buildings$141,157$27,099$168,256
Equipment$11,826$142,096$153,922

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$1,688,625-▲ $194,091$122,586$1,760,130
2023$1,560,081-▲ $246,416$117,872$1,688,625
2022$1,837,168-▼ $182,216$94,871$1,560,081
2021$1,850,849-▲ $79,464$93,145$1,837,168
2020$1,901,756-▲ $106,925$157,832$1,850,849
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ann Elizabeth SmithExecutive DirectorFT$145,314$7,571$152,885

Board Members and Trustees

NameTitle
Deborah AlvesPresident
Lisa Brown LangleyFormer Vice President
Jean KanarianVice President
Angela EgertonDirector
Christina BertschDirector
Donna JohnsonDirector
Douglas AllenDirector
George DavisDirector
Jeremy CriglerDirector
Joann FruchtmanDirector
Katherine PutnamDirector
Larissa BernatDirector
Marilyn WortmanDirector
Nancy CorveseDirector
Paul MahoneyDirector
Vivian Baguer HollandDirector
Bob AvakianFormer Director
Nina HowellFormer Director
Perry PattersonFormer Director
Shelley ChristiansenFormer Director
Richard MaloneyClerk
Charlie WittenbergFormer Treasurer
Ellen PeschSecretary
Glen MatteraTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$238,043
Program Service Revenue
$454,525
Investment Income
$119,092
Other Revenue
$257,873
All Other Contributions
$238,043
Change in Net Assets
$-38,051

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded5$30,481Fair Market Value
Total Noncash Contributions5$30,481-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,054,206
Revenue Not Reported on Financial Statements
$15,327
Revenue Not Reported on Form 990
$178,849
Total Revenue per Audited Statements
$1,233,055
Total Revenue per Form 990
$1,069,533
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$587,224
Salaries, Compensation, and Employee Benefits$520,360
Total Fundraising Expense$85,784
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$219,599$51,688$43,334$314,621
Current Officers, Directors, Trustees, and Key Employees$124,602$15,972$15,835$156,409
Fees for Services Other$122,700$25,611$4,690$153,001
Depreciation Depletion$91,061$17,074$5,691$113,826
Occupancy$97,136$8,817$5,577$111,530
Insurance$38,173$4,491$2,246$44,910
Payroll Taxes$28,490$5,600$4,897$38,987
Fees for Services Accounting-$17,500-$17,500
Office Expenses$12,796$1,391$1,342$15,529
Fees for Service Investment Mgmnt Fees-$15,327-$15,327
Other Employee Benefits$7,559$1,485$1,299$10,343
Advertising$6,395$631$315$7,341
Other Expenses$4,743$279$558$5,580
Total Functional Expenses$852,285$169,515$85,784$1,107,584

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,196,107
Total Expenses per Form 990$1,107,584
Expenses per Audited Statements$1,092,257
Expenses Not Reported on Form 990$103,850
Expenses Not Reported on Financial Statements$15,327
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$258,174
Fundraising Direct Expenses$103,850
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Summer Gala$215,288$215,288$33,354$181,934
Anonymous Art$29,466$29,466$868$28,598
Total Events$258,174$258,174$103,850$154,324
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The form 990 is reviewed by the executive director, president and treasurer before it is filed. A completed copy of the 990 is provided electronically to the full board of directors prior to electronic filing.

Form 990, Part VI, Section B, Line 12C

Each board member is required to review the organization's conflict of interest policy at the annual august board meeting.

Form 990, Part VI, Section B, Line 15

The executive director's salary is determined by a review and approval of the board of directors and the compensation committee.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy and financial statements available to the public on request.

Filing and Contact Details

Filer

Filer Name
Featherstone Center for the Arts Inc
EIN
04-2725296
Phone
5086931850
Address
PO BOX 1145, OAK BLUFFS, MA 02557

Signing Officer

Name
Ann Smith
Title
Executive Director
Phone
5086931850
Signed
2025-10-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ann Smith
Formed
1980
Legal Domicile
Ma
Voting Board Members
15
Independent Board Members
15
Employees
24
Volunteers
20

Preparer

Firm
Nardella & Taylor Llp
Address
24 HARTWELL AVENUE, LEXINGTON, MA 02421
Preparer
Edward Taylor
Phone
7818626833
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Professional fees - consultants: program service expenses 78,388. Management and general expenses 9,223. Fundraising expenses 4,611. Total expenses 92,222. Professional fees - other: program service expenses 1,338. Management and general expenses 158. Fundraising expenses 79. Total expenses 1,575. Contract labor: program service expenses 42,974. Management and general expenses 0. Fundraising expenses 0. Total expenses 42,974. Bookkeeping: program service expenses 0. Management and general expenses 16,230. Fundraising expenses 0. Total expenses 16,230.

Financial Statement Notes

PART X, LINE 2:

The organization is exempt from income taxes under section 501(c)(3) of the internal revenue code on income directly related to the organization's purposes and is also exempt from massachusetts income tax. Accordingly, no provision for income taxes is made in the financial statements. The organization files tax returns in the u.s. Federal jurisdiction and in massachusetts. The organization has evaluated its tax positions and has concluded that the organization has taken no uncertain tax positions that could require adjustments to its financial statements.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Direct expense reducing fundraising event income 103,850.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Direct expense reducing fundraising event income 103,850.

Raw XML AppendixShowing 400 of 718 raw XML fields

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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt247571
IRS990/Form990PartVIISectionAGrp/PersonNm0ANGELA EGERTON
IRS990/Form990PartVIISectionAGrp/PersonNm1BOB AVAKIAN
IRS990/Form990PartVIISectionAGrp/PersonNm2LARISSA BERNAT
IRS990/Form990PartVIISectionAGrp/PersonNm3NANCY CORVESE
IRS990/Form990PartVIISectionAGrp/PersonNm4NINA HOWELL
IRS990/Form990PartVIISectionAGrp/PersonNm5PAUL MAHONEY
IRS990/Form990PartVIISectionAGrp/PersonNm6CHRISTINA BERTSCH
IRS990/Form990PartVIISectionAGrp/PersonNm7SHELLEY CHRISTIANSEN
IRS990/Form990PartVIISectionAGrp/PersonNm8CHARLIE WITTENBERG
IRS990/Form990PartVIISectionAGrp/PersonNm9ELLEN PESCH
IRS990/Form990PartVIISectionAGrp/PersonNm10LISA BROWN LANGLEY
IRS990/Form990PartVIISectionAGrp/PersonNm11RICHARD MALONEY
IRS990/Form990PartVIISectionAGrp/PersonNm12DEBORAH ALVES
IRS990/Form990PartVIISectionAGrp/PersonNm13DOUGLAS ALLEN
IRS990/Form990PartVIISectionAGrp/PersonNm14JEAN KANARIAN
IRS990/Form990PartVIISectionAGrp/PersonNm15JEREMY CRIGLER
IRS990/Form990PartVIISectionAGrp/PersonNm16PERRY PATTERSON
IRS990/Form990PartVIISectionAGrp/PersonNm17GLEN MATTERA
IRS990/Form990PartVIISectionAGrp/PersonNm18GEORGE DAVIS
IRS990/Form990PartVIISectionAGrp/PersonNm19JOANN FRUCHTMAN
IRS990/Form990PartVIISectionAGrp/PersonNm20VIVIAN BAGUER HOLLAND
IRS990/Form990PartVIISectionAGrp/PersonNm21DONNA JOHNSON
IRS990/Form990PartVIISectionAGrp/PersonNm22KATHERINE PUTNAM
IRS990/Form990PartVIISectionAGrp/PersonNm23MARILYN WORTMAN
IRS990/Form990PartVIISectionAGrp/PersonNm24ANN ELIZABETH SMITH
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
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IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1FORMER DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4FORMER DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7FORMER DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8FORMER TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt9SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt10FORMER VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt11CLERK
IRS990/Form990PartVIISectionAGrp/TitleTxt12PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16FORMER DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24EXECUTIVE DIRECTOR
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IRS990/GroupReturnForAffiliatesInd00
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IRS990/MembersOrStockholdersInd00
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IRS990/MinutesOfCommitteesInd01
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IRS990/MissionDesc0THE FEATHERSTONE CENTER FOR THE ARTS IS A COMMUNITY ARTS CENTER ON MARTHA'S VINEYARD, WHICH PROVIDES EXCELLENT YEAR-ROUND ARTS PROGRAMS FOR RESIDENTS OF MARTHA'S VINEYARD AND VISITORS OF ALL AGES.
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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt09600
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt010372
IRS990/PrincipalOfficerNm0ANN SMITH
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611610
IRS990/ProgramServiceRevenueGrp/BusinessCd1611610
IRS990/ProgramServiceRevenueGrp/BusinessCd2611610
IRS990/ProgramServiceRevenueGrp/BusinessCd3611610
IRS990/ProgramServiceRevenueGrp/Desc0WORKSHOPS AND CLASSES
IRS990/ProgramServiceRevenueGrp/Desc1SUMMER CAMPS
IRS990/ProgramServiceRevenueGrp/Desc2ART GALLERY

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