2024-11-04T09:58:10-06:00 2024-06-30 043454772 FINER & FINER 12 LORI LANE RANDOLPH MA 023685241 990 2023-07-01 042650605 CAMBRIDGE MULTICULTURAL ARTS CENTER INC CAMB 6175771400 41 SECOND STREET CAMBRIDGE MA 021411733 RONALD SAVAGE TREASURER 6175771400 2024-10-26 1 1 RONALD M FINER CPA P00568557 7819616884 2024-10-26 2023 2024-10-15 13:58:12Z MULTICULTURAL ARTS CENTER ADRIA KATZ 41 SECOND STREET CAMBRIDGE MA 021411733 667202 0 X WWW.MULTICULTURALARTSCENTER.ORG X 1978 MA OPERATION OF A MULTICULTURAL VISUAL AND PERFORMING ARTS CENTER 8 6 10 15 0 0 311146 402012 263442 260556 0 4634 0 0 574588 667202 0 0 0 0 171077 243016 0 0 57603 273484 317417 444561 560433 130027 106769 3122767 3204442 2941156 2916062 181611 288380 X THE ORGANIZATION'S MISSION IS TO PRESENT MULTICULTURAL VISUAL AND PERFORMING ARTS PROGRAMS TO EDUCATE THE COMMUNITY ABOUT DIVERSITY, AND MAKE OUR FACILITY AVAILABLE TO ARTISTS OR GROUPS THAT MIGHT NOT OTHERWISE HAVE ACCESS TO A PROFESSIONALLY EQUIPPED FACILITY OR THE CULTURAL MAINSTREAM. 0 0 64825 260556 OPERATION OF A MULTICULTURAL VISUAL AND PERFORMING ARTS CENTER 368800 COMMUNITY OPERATING SUPPORT FROM THE CITY OF CAMBRIDGE AND THE STATE OF MASSACHUSETTS FOR PUBLIC PROGRAMS AND SERVICES TOTALLED $368,800. 433625 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 16 0 1 10 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 6 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 1 1 0 MA X X THE ORGANIZATION 6175771400 41 SECOND STREET CAMBRIDGE MA 021411733 VICTORIA HALL PRESIDENT 1.00 X X 0 0 0 JESSICA SMYSER VICE-PRESIDENT 1.00 X X 0 0 0 RON SAVAGE TREASURER 1.00 X X 0 0 0 MELISSA CANTAROW SECRETARY/CLERK 1.00 X X 0 0 0 NATHALIE M HIGHLAND DIRECTOR 1.00 X 0 0 0 KASHIF HODA DIRECTOR 1.00 X 0 0 0 ADRIA KATZ MANAGING DIRECTOR 33.00 X X 50137 0 0 NAJEE BROWN ARTISTIC DIRECTOR 20.00 X X 43935 0 0 94072 0 0 0 0 0 0 0 368800 33212 402012 FUNCTION RENTAL INCOME 531190 213459 213459 SUBTENANT INCOME 531190 26400 26400 BOX OFFICE SALES 711110 20697 20697 260556 4634 4634 667202 260556 0 4634 X 92187 64518 11070 16599 134259 100695 6406 27158 -27 -27 16597 11555 1439 3603 12000 12000 49145 34646 13939 560 12623 12623 1249 1249 188407 173881 4843 9683 -318 -318 8517 6976 1541 7807 7807 SECURITY 14676 14676 PROGRAM SUPPLIES 8693 8693 DUES & SUBSCRIPTIONS 4104 4104 LICENSES & PERMITS 3513 3513 7001 2167 4834 560433 433625 69205 57603 94616 178575 1700 5735 562 0 14732 24325 321689 271380 56777 50309 2954380 2945498 3122767 3204442 10026 33520 2650 0 2928480 2882542 2941156 2916062 X 165661 288380 15950 0 181611 288380 3122767 3204442 106769 0 X X 0 1 X 0 0 X 240074 393827 325541 311146 402012 1672600 240074 393827 325541 311146 402012 1672600 1672600 16 16 10 0 4634 4676 1186 1186 1678462 931188 0.99650 0.99900 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2019 AMOUNT: $ 0. 2020 AMOUNT: $ 1,186. 2021 AMOUNT: $ 0. 2022 AMOUNT: $ 0. 2023 AMOUNT: $ 0. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 210763 209633 1130 87412 54562 32850 23514 7185 16329 50309 OPERATING LEASE ROU ASSET 2945498 2945498 EVENT DEPOSITS HELD 47360 SUBTENANT DEPOSITS HELD 4000 OPERATING LEASE LIABILITY 2831182 2882542 X 667202 0 667202 0 667202 560433 0 560433 0 560433 PART X, LINE 2: MANAGEMENT HAS EVALUATED SIGNIFICANT TAX POSITIONS AGAINST CRITERIA ESTABLISHED BY PROFESSIONAL STANDARDS AND BELIEVES THERE ARE NO SUCH TAX POSITIONS REQUIRING ACCOUNTING RECOGNITION IN THE FINANCIAL STATEMENTS. MANAGEMENT DOES NOT BELIEVE ITS EVALUATION OF TAX POSITIONS WILL SIGNIFICANTLY CHANGE WITHIN TWELVE MONTHS OF JUNE 30, 2024. ANY CHANGES IN TAX POSITIONS WILL BE RECORDED WHEN THE ULTIMATE OUTCOME BECOMES KNOWN. THE ORGANIZATION'S ANNUAL INFORMATION RETURNS ARE CURRENTLY SUBJECT TO EXAMINATION BY TAXING AUTHORITIES FOR THE YEARS ENDED JUNE 30, 2021 THROUGH JUNE 30, 2024. FORM 990, PART VI, SECTION B, LINE 11B THE COMPLETED FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL BEFORE ELECTRONIC FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE ORGANIZATION'S MANAGING DIRECTOR AND KEY EMPLOYEES IS PART OF THE BUDGETING PROCESS FOR THE BOARD OF DIRECTORS. COMPARABILITY DATA IS USED AS PART OF THE BUDGET DETERMINATION PROCESS. THE BOARD OF DIRECTORS DETERMINES THE APPROVED BUDGETED PAYROLL FIGURES ANNUALLY. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION'S FORM 1023 AND ITS TAX RETURNS (FORM 990) ARE MADE AVAILABLE UPON REQUEST. IN ADDITION, THE ORGANIZATION'S FINANCIAL STATEMENTS AND TAX RETURNS ARE AVAILABLE AT THE WEBSITE OF THE MASSACHUSETTS ATTORNEY GENERAL. THE ORGANIZATION'S TAX RETURNS ARE ALSO AVAILABLE AT THE GUIDESTAR WEBSITE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G ARTIST FEES: PROGRAM SERVICE EXPENSES 18,975. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 18,975. PAYROLL SERVICE FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 3,621. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,621. GALLERY INSTALLERS: PROGRAM SERVICE EXPENSES 1,563. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,563. CLEANING SERVICE: PROGRAM SERVICE EXPENSES 10,060. MANAGEMENT AND GENERAL EXPENSES 280. FUNDRAISING EXPENSES 560. TOTAL EXPENSES 10,900. PIANO TUNING: PROGRAM SERVICE EXPENSES 3,330. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,330. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 718. MANAGEMENT AND GENERAL EXPENSES 10,038. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 10,756. FORM 990, PART IX, LINE 24E TELEPHONE: PROGRAM SERVICE EXPENSES 2,167. MANAGEMENT AND GENERAL EXPENSES 241. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,408. REPAIRS & MAINTENANCE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 2,167. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,167. BANK CHARGES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 1,945. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,945. SOFTWARE COSTS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 382. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 382. MISCELLANEOUS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 99. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 99. FORM 990, PART XII, LINE 2C RESPONSIBILITY FOR OVERSIGHT: THE ORGANIZATION'S BOARD OF DIRECTORS IS RESPONSIBLE FOR SELECTION OF AN INDEPENDENT ACCOUNTANT AND OVERSIGHT OF THE AUDIT OR REVIEW OF THE ORGANIZATION'S FINANCIAL STATEMENTS.