Civic Intelligence

Baltimore Arts Realty Corporation

EIN 46-1134776 • 501(c)3 • Baltimore, MD

Profile

The baltimore arts realty corporation is a non-profit, 501(c)3 corporation, established in the state of maryland, for the purposes of acquiring, developing, managing and leasing real estate to serve artists and small arts organizations in the city of baltimore with an emphasis on operating in areas of the city that are economically marginal or commercially undervalued at the time of the acquisition and development of property in that area.

2519 North Charles StreetBaltimore, MD 21218-4602

barco.ookb.co

Siviq Scores

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

Liabilities / Assets

36th percentile

0.08x

Higher debt load relative to assets than 36% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

80th percentile

0.93x

Higher debt load relative to revenue than 80% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

7th percentile

-39%

Higher net margin than 7% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

30th percentile

$130,000

Higher top officer pay than 30% of similar nonprofits.

Top officer pay equals 10.0% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

45th percentile

3.0%

Faster asset growth than 45% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

86th percentile

53%

Faster revenue growth than 86% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Up

$15,168,723

Up $435,097 (+3.0%) from 2023

Liabilities

Up

$1,211,551

Up $939,645 (+346%) from 2023

Net Assets

Down

$13,957,172

Down $504,548 (-3.5%) from 2023

Revenue

Up

$1,303,580

Up $450,409 (+53%) from 2023

Expenses

Up

$1,808,128

Up $187,329 (+12%) from 2023

Net Income

Up

-$504,548

Up $263,080 (+34%) from 2023

Trend Graphs

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2013: $1,905,021Liabilities 2013: $43,578Net Assets 2013: $1,861,4432013Assets 2014: $3,586,983Liabilities 2014: $19,221Net Assets 2014: $3,567,7622014Assets 2015: $29,862,875Liabilities 2015: $23,826,770Net Assets 2015: $6,036,1052015Assets 2016: $26,532,114Liabilities 2016: $20,073,060Net Assets 2016: $6,459,0542016Assets 2017: $28,601,397Liabilities 2017: $22,529,314Net Assets 2017: $6,072,0832017Assets 2018: $25,846,599Liabilities 2018: $15,079,074Net Assets 2018: $10,767,5252018Assets 2019: $24,969,595Liabilities 2019: $13,845,332Net Assets 2019: $11,124,2632019Assets 2020: $24,401,806Liabilities 2020: $12,990,707Net Assets 2020: $11,411,0992020Assets 2021: $24,033,407Liabilities 2021: $11,760,151Net Assets 2021: $12,273,2562021Assets 2022: $15,490,869Liabilities 2022: $261,521Net Assets 2022: $15,229,3482022Assets 2023: $14,733,626Liabilities 2023: $271,906Net Assets 2023: $14,461,7202023Assets 2024: $15,168,723Liabilities 2024: $1,211,551Net Assets 2024: $13,957,1722024

Highlighted filing

2024

Assets$15,168,723
Liabilities$1,211,551
Net Assets$13,957,172

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2013: $1,423,000Expenses 2013: $212,073Net Income 2013: $1,210,9272013Revenue 2014: $1,891,769Expenses 2014: $185,450Net Income 2014: $1,706,3192014Revenue 2015: $2,937,879Expenses 2015: $469,536Net Income 2015: $2,468,3432015Revenue 2016: $2,260,446Expenses 2016: $1,837,498Net Income 2016: $422,9482016Revenue 2017: $1,509,348Expenses 2017: $1,896,319Net Income 2017: -$386,9712017Revenue 2018: $4,631,839Expenses 2018: $1,687,180Net Income 2018: $2,944,6592018Revenue 2019: $1,822,047Expenses 2019: $1,465,309Net Income 2019: $356,7382019Revenue 2020: $1,259,199Expenses 2020: $972,363Net Income 2020: $286,8362020Revenue 2021: $2,009,720Expenses 2021: $1,147,563Net Income 2021: $862,1572021Revenue 2022: $4,113,017Expenses 2022: $1,156,925Net Income 2022: $2,956,0922022Revenue 2023: $853,171Expenses 2023: $1,620,799Net Income 2023: -$767,6282023Revenue 2024: $1,303,580Expenses 2024: $1,808,128Net Income 2024: -$504,5482024

Highlighted filing

2024

Revenue$1,303,580
Expenses$1,808,128
Net Income-$504,548

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 11, 2025
Return Version
2024v5.0
Gross Receipts
$2,074,841
Mission and Program Overview

Mission

The baltimore arts realty corporation is a non-profit, 501(c)(3) corporation, established in the state of maryland, for the purposes of acquiring, developing, managing and leasing real estate to serve artists and small arts organizations in the city of baltimore with an emphasis on operating in areas of the city that are economically marginal or commercially undervalued at the time of the acquisition and development of property in that area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$13,069,327$12,660,927▼ $408,400
Cash and Non-Interest-Bearing Accounts$534,166$1,437,029▲ $902,863
Accounts Receivable$426,739$222,705▼ $204,034
Prepaid Expenses and Deferred Charges$52,013$39,887▼ $12,126
Pledges and Grants Receivable-$33,175-
Inventories for Sale or Use$4,929$5,309▲ $380
Total Assets$14,733,626$15,168,723▲ $435,097
Other Assets Total$646,452$769,691▲ $123,239
Liabilities
Deferred Revenue$99,419$1,073,365▲ $973,946
Accounts Payable and Accrued Expenses$129,793$86,049▼ $43,744
Other Liabilities$42,694$52,137▲ $9,443
Total Liabilities$271,906$1,211,551▲ $939,645
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$14,461,720$13,957,172▼ $504,548
Total Net Assets Fund Balance$14,461,720$13,957,172▼ $504,548
Total Liabilities and Net Assets / Fund Balance$14,733,626$15,168,723▲ $435,097

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$11,959,230$3,903,041-
Land$701,697--
Equipment-$1,460,555-
Other Assets Org$15,000--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Leon F Pinkett IiiExecutive DiFT$130,000$130,000

Board Members and Trustees

NameTitle
Jennifer VeyPresident an
Christopher PuddyDirector
Emily LermanDirector
Jay ReedDirector
Kathleen LaneDirector
Nina CasalenaDirector
Sarsfield WilliamsDirector
Sonja CendakDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$1,401,659
Program Service Revenue
$152,286
Investment Income
$2,621
Other Revenue
$-252,986
All Other Contributions
$1,266,593
Change in Net Assets
$-504,548

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,303,580
Revenue Not Reported on Form 990
$771,261
Total Revenue per Audited Statements
$2,074,841
Total Revenue per Form 990
$1,303,580
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,153,804
Salaries, Compensation, and Employee Benefits$654,324
Total Fundraising Expense$19,811
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$390,866$65,024$12,292$468,182
Depreciation Depletion$237,317$66,016$27$303,360
Insurance$177,552$11,892$2,605$192,049
Fees for Services Accounting$24,639$110,167-$134,806
Current Officers, Directors, Trustees, and Key Employees$108,532$18,055$3,413$130,000
Fees for Services Other$51,120$11,827-$62,947
Payroll Taxes$42,374$7,049$1,333$50,756
Fees for Services Legal$17,592$3,932-$21,524
Interest-$18,656-$18,656
Other Expenses$6,844$4,216-$11,060
Other Employee Benefits$4,497$748$141$5,386
All Other Expenses$1,249$3,745-$4,994
Advertising-$3,644-$3,644
Total Functional Expenses$1,431,395$356,922$19,811$1,808,128

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,579,389
Expenses per Audited Statements$1,808,128
Total Expenses per Form 990$1,808,128
Expenses Not Reported on Form 990$771,261
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Long-term Portion of Lease Liability$24,961
Tenant Deposits Held$14,696
Short-term Portion of Leaseliability$12,480
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Management reviews the 990 prior to filing with the irs.

Form 990, Page 6, Part VI, Line 12C

The organization mails out annually a conflict of interest policy which is to be signed and returned to the president.

Form 990, Page 6, Part VI, Line 15A

Leon's compensation is reviewed and decided on by the board.

Form 990, Page 6, Part VI, Line 19

Management makes the documents available upon request

Filing and Contact Details

Filer

Filer Name
Baltimore Arts Realty Corporation
EIN
46-1134776
Phone
4432752174
Address
2519 NORTH CHARLES STREET, BALTIMORE, MD 21218-4602

Signing Officer

Name
Leon F Pinkett Iii
Title
Executive Director
Phone
4432752174
Signed
2025-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Leon F Pinkett Iii
Formed
2012
Legal Domicile
Md
Voting Board Members
9
Independent Board Members
8
Employees
22
Volunteers
8

Preparer

Firm
Hcfl
Address
1954 GREENSPRING DR STE 305, TIMONIUM, MD 21093
Preparer
David Kohen Gadol CPA
Phone
4108284446
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The baltimore arts realty corporation is a non-profit, 501(c)(3) corporation, established in the state of maryland, for the purposes of acquiring, developing, managing and leasing real estate to serve artists and small arts organizations in the city of baltimore with an emphasis on operating in areas of the city that are economically marginal or commercially undervalued at the time of the acquisition and development of property in that area.

Form 990, Page 2, Part III, Line 4D

During 2013, the organization purchased two (2) properties for future use in achieving their mission to lease space to baltimore artists, artisans and arts organizations at annual rents significantly below comparable commercial rates. Currently, the buildings are substantially completed and being used.

Form 990, Part XI, Line 9

Rental expenses netted against rental income 771,261 rental expenses -771,261

Financial Statement Notes

Schedule D, Page 3, Part X

The organization has evaluated its tax positions taken for all open tax years as it relates to accounting guidance for uncertain tax positions. Based on the evaluation of the organization's tax positions, management believes all positions taken would be upheld under an examination. Therefore, no provision for the effects of uncertain tax positions has been recorded for the year ended december 31, 2024.

Schedule D, Page 4, Part XI, Line 2D

Rental expenses netted against rental income 771,261

Schedule D, Page 4, Part XII, Line 2D

RENTAL EXPENSES 771,261

Raw XML AppendixShowing 400 of 531 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0129793
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt086049
IRS990/AccountsReceivableGrp/BOYAmt0426739
IRS990/AccountsReceivableGrp/EOYAmt0222705
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0THE BALTIMORE ARTS REALTY CORPORATION IS A NON-PROFIT, 501(C)(3) CORPORATION, ESTABLISHED IN THE STATE OF MARYLAND, FOR THE PURPOSES OF ACQUIRING, DEVELOPING, MANAGING AND LEASING REAL ESTATE TO SERVE ARTISTS AND SMALL ARTS ORGANIZATIONS IN THE CITY OF BALTIMORE WITH AN EMPHASIS ON OPERATING IN AREAS OF THE CITY THAT ARE ECONOMICALLY MARGINAL OR COMMERCIALLY UNDERVALUED AT THE TIME OF THE ACQUISITION AND DEVELOPMENT OF PROPERTY IN THAT AREA.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt03644
IRS990/AdvertisingGrp/TotalAmt03644
IRS990/AllOtherContributionsAmt01266593
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt03745
IRS990/AllOtherExpensesGrp/ProgramServicesAmt01249
IRS990/AllOtherExpensesGrp/TotalAmt04994
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0BALTIMORE ARTS REALTY CORPORATION
IRS990/BooksInCareOfDetail/PhoneNum04432751144
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0120 WEST NORTH AVENUE SUITE 201
IRS990/BooksInCareOfDetail/USAddress/CityNm0BALTIMORE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MD
IRS990/BooksInCareOfDetail/USAddress/ZIPCd021201
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0534166
IRS990/CashNonInterestBearingGrp/EOYAmt01437029
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt03413
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt018055
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0108532
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0130000
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0true
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01401659
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt02621
IRS990/CYOtherExpensesAmt01153804
IRS990/CYOtherRevenueAmt0-252986
IRS990/CYProgramServiceRevenueAmt0152286
IRS990/CYRevenuesLessExpensesAmt0-504548
IRS990/CYSalariesCompEmpBnftPaidAmt0654324
IRS990/CYTotalExpensesAmt01808128
IRS990/CYTotalFundraisingExpenseAmt019811
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01303580
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt099419
IRS990/DeferredRevenueGrp/EOYAmt01073365
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/FundraisingAmt027
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt066016
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0237317
IRS990/DepreciationDepletionGrp/TotalAmt0303360
IRS990/Desc0DURING 2013, THE ORGANIZATION PURCHASED TWO (2) PROPERTIES FOR FUTURE USE IN ACHIEVING THEIR MISSION TO LEASE SPACE TO BALTIMORE ARTISTS, ARTISANS AND ARTS ORGANIZATIONS AT ANNUAL RENTS SIGNIFICANTLY BELOW COMPARABLE COMMERCIAL RATES. CURRENTLY, THE BUILDINGS ARE SUBSTANTIALLY COMPLETED AND BEING USED.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0true
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt022
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt01322863
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt0110167
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt024639
IRS990/FeesForServicesAccountingGrp/TotalAmt0134806
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt03932
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt017592
IRS990/FeesForServicesLegalGrp/TotalAmt021524
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt011827
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt051120
IRS990/FeesForServicesOtherGrp/TotalAmt062947
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt035.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/PersonNm0LEON F PINKETT III
IRS990/Form990PartVIISectionAGrp/PersonNm1SONJA CENDAK
IRS990/Form990PartVIISectionAGrp/PersonNm2KATHLEEN LANE
IRS990/Form990PartVIISectionAGrp/PersonNm3EMILY LERMAN
IRS990/Form990PartVIISectionAGrp/PersonNm4SARSFIELD WILLIAMS
IRS990/Form990PartVIISectionAGrp/PersonNm5JENNIFER VEY
IRS990/Form990PartVIISectionAGrp/PersonNm6JAY REED
IRS990/Form990PartVIISectionAGrp/PersonNm7CHRISTOPHER PUDDY
IRS990/Form990PartVIISectionAGrp/PersonNm8NINA CASALENA
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0130000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DI
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5PRESIDENT AN
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02012
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GovernmentGrantsAmt0135066
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt02074841
IRS990/GrossRentsGrp/RealAmt0484032
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/FundraisingAmt02605
IRS990/InsuranceGrp/ManagementAndGeneralAmt011892
IRS990/InsuranceGrp/ProgramServicesAmt0177552
IRS990/InsuranceGrp/TotalAmt0192049
IRS990/InterestGrp/ManagementAndGeneralAmt018656
IRS990/InterestGrp/TotalAmt018656
IRS990/InventoriesForSaleOrUseGrp/BOYAmt04929
IRS990/InventoriesForSaleOrUseGrp/EOYAmt05309
IRS990/InvestmentIncomeGrp/ExclusionAmt02621
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt02621
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt024
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt05363596
IRS990/LandBldgEquipBasisNetGrp/BOYAmt013069327
IRS990/LandBldgEquipBasisNetGrp/EOYAmt012660927
IRS990/LandBldgEquipCostOrOtherBssAmt018024523
IRS990/LegalDomicileStateCd0MD
IRS990/LessRentalExpensesGrp/RealAmt0771261
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE BALTIMORE ARTS REALTY CORPORATION IS A NON-PROFIT, 501(C)(3) CORPORATION, ESTABLISHED IN THE STATE OF MARYLAND, FOR THE PURPOSES OF ACQUIRING, DEVELOPING, MANAGING AND LEASING REAL ESTATE TO SERVE ARTISTS AND SMALL ARTS ORGANIZATIONS IN THE CITY OF BALTIMORE WITH AN EMPHASIS ON OPERATING IN AREAS OF THE CITY THAT ARE ECONOMICALLY MARGINAL OR COMMERCIALLY UNDERVALUED AT THE TIME OF THE ACQUISITION AND DEVELOPMENT OF PROPERTY IN THAT AREA.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt014461720
IRS990/NetAssetsOrFundBalancesEOYAmt013957172
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0-287229
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0-287229
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt014461720
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt013957172
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0646452
IRS990/OtherAssetsTotalGrp/EOYAmt0769691
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0141
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0748
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt04497
IRS990/OtherEmployeeBenefitsGrp/TotalAmt05386
IRS990/OtherExpensesGrp/Desc0PROJECT
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS ADMINISTRAT
IRS990/OtherExpensesGrp/Desc2TAXES
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS FEES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt031951
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt14216
IRS990/OtherExpensesGrp/ProgramServicesAmt0333846
IRS990/OtherExpensesGrp/ProgramServicesAmt110514
IRS990/OtherExpensesGrp/ProgramServicesAmt224453
IRS990/OtherExpensesGrp/ProgramServicesAmt36844
IRS990/OtherExpensesGrp/TotalAmt0333846
IRS990/OtherExpensesGrp/TotalAmt142465
IRS990/OtherExpensesGrp/TotalAmt224453
IRS990/OtherExpensesGrp/TotalAmt311060
IRS990/OtherLiabilitiesGrp/BOYAmt042694
IRS990/OtherLiabilitiesGrp/EOYAmt052137
IRS990/OtherRevenueMiscGrp/Desc0REAL ESTATE TAX REBATE
IRS990/OtherRevenueMiscGrp/ExclusionAmt034243
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt034243
IRS990/OtherRevenueTotalAmt034243
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt012292
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt065024
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0390866
IRS990/OtherSalariesAndWagesGrp/TotalAmt0468182
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt01333
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt07049
IRS990/PayrollTaxesGrp/ProgramServicesAmt042374
IRS990/PayrollTaxesGrp/TotalAmt050756
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt033175
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt052013
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt039887
IRS990/PrincipalOfficerNm0LEON F PINKETT III
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0455219
IRS990/ProgramServiceRevenueGrp/BusinessCd1541611
IRS990/ProgramServiceRevenueGrp/Desc0PRODUCT SALES
IRS990/ProgramServiceRevenueGrp/Desc1CONSULTING SALES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt099503
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt152783
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt099503
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt152783
IRS990/ProgSrvcAccomActyOtherGrp/Desc0DURING 2013, THE ORGANIZATION PURCHASED TWO (2) PROPERTIES FOR FUTURE USE IN ACHIEVING THEIR MISSION TO LEASE SPACE TO BALTIMORE ARTISTS, ARTISANS AND ARTS ORGANIZATIONS AT ANNUAL RENTS SIGNIFICANTLY BELOW COMPARABLE COMMERCIAL RATES. CURRENTLY, THE BUILDINGS ARE SUBSTANTIALLY COMPLETED AND BEING USED.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0108532
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0746409
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt01045787
IRS990/PYOtherRevenueAmt0-315252
IRS990/PYProgramServiceRevenueAmt0422014
IRS990/PYRevenuesLessExpensesAmt0-767628
IRS990/PYSalariesCompEmpBnftPaidAmt0575012
IRS990/PYTotalExpensesAmt01620799
IRS990/PYTotalRevenueAmt0853171
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-504548
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt0-287229
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0152286
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0REAL ESTATE TAX REBATE 34,243
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01401659
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0746409
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt04433450
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01492609
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01529901
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt09604028
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0486653
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0658031
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0677462
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0632230
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0550743
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt03005119
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt03842400
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt034243
IRS990ScheduleA/OtherIncome170Grp/TotalAmt034243
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.36060
IRS990ScheduleA/PublicSupportPY170Pct00.39890
IRS990ScheduleA/PublicSupportTotal170Amt04559682
IRS990ScheduleA/SubstantialContributorsTotAmt05044346
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01401659
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0746409
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt04433450
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01492609
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01529901
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt09604028
IRS990ScheduleA/TotalSupportAmt012643390
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt011959230
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03903041
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt015862271
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01460555
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt01460555
IRS990ScheduleD/ExpensesNotReportedAmt0771261
IRS990ScheduleD/ExpensesSubtotalAmt01808128
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0701697
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0701697
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0479748
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1201502
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt237441
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt336000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt415000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0LOAN ISSUANCE COSTS, NET
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESERVE ACCOUNTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2RIGHT TO USE ASSET, NET
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3ACCRUED RENT RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4DEPOSITS FOR FUTURE PROJECTS
IRS990ScheduleD/OtherExpensesIncludedAmt0771261
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt024961
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt114696
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt212480
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LONG-TERM PORTION OF LEASE LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT DEPOSITS HELD
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2SHORT-TERM PORTION OF LEASELIABILITY
IRS990ScheduleD/OtherRevenueAmt0771261
IRS990ScheduleD/RevenueNotReportedAmt0771261
IRS990ScheduleD/RevenueSubtotalAmt01303580
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS EVALUATED ITS TAX POSITIONS TAKEN FOR ALL OPEN TAX YEARS AS IT RELATES TO ACCOUNTING GUIDANCE FOR UNCERTAIN TAX POSITIONS. BASED ON THE EVALUATION OF THE ORGANIZATION'S TAX POSITIONS, MANAGEMENT BELIEVES ALL POSITIONS TAKEN WOULD BE UPHELD UNDER AN EXAMINATION. THEREFORE, NO PROVISION FOR THE EFFECTS OF UNCERTAIN TAX POSITIONS HAS BEEN RECORDED FOR THE YEAR ENDED DECEMBER 31, 2024.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1RENTAL EXPENSES NETTED AGAINST RENTAL INCOME 771,261
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2RENTAL EXPENSES 771,261
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt012660927
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0769691
IRS990ScheduleD/TotalExpensesPerForm990Amt01808128
IRS990ScheduleD/TotalLiabilityAmt052137
IRS990ScheduleD/TotalRevenuePerForm990Amt01303580
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02074841
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02579389
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BALTIMORE ARTS REALTY CORPORATION IS A NON-PROFIT, 501(C)(3) CORPORATION, ESTABLISHED IN THE STATE OF MARYLAND, FOR THE PURPOSES OF ACQUIRING, DEVELOPING, MANAGING AND LEASING REAL ESTATE TO SERVE ARTISTS AND SMALL ARTS ORGANIZATIONS IN THE CITY OF BALTIMORE WITH AN EMPHASIS ON OPERATING IN AREAS OF THE CITY THAT ARE ECONOMICALLY MARGINAL OR COMMERCIALLY UNDERVALUED AT THE TIME OF THE ACQUISITION AND DEVELOPMENT OF PROPERTY IN THAT AREA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DURING 2013, THE ORGANIZATION PURCHASED TWO (2) PROPERTIES FOR FUTURE USE IN ACHIEVING THEIR MISSION TO LEASE SPACE TO BALTIMORE ARTISTS, ARTISANS AND ARTS ORGANIZATIONS AT ANNUAL RENTS SIGNIFICANTLY BELOW COMPARABLE COMMERCIAL RATES. CURRENTLY, THE BUILDINGS ARE SUBSTANTIALLY COMPLETED AND BEING USED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MANAGEMENT REVIEWS THE 990 PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAILS OUT ANNUALLY A CONFLICT OF INTEREST POLICY WHICH IS TO BE SIGNED AND RETURNED TO THE PRESIDENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4LEON'S COMPENSATION IS REVIEWED AND DECIDED ON BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5MANAGEMENT MAKES THE DOCUMENTS AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6RENTAL EXPENSES NETTED AGAINST RENTAL INCOME 771,261 RENTAL EXPENSES -771,261
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0true
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0NORTH AVENUE ARTS LLC

Document Assets

No mirrored PDF or thumbnail assets are attached yet.