2024-11-15T10:31:20-08:00 2023-12-31 161162269 Brown & Company LLP 4992 Sweet Home Road Niagara Falls NY 14305 990 2023-01-01 141828590 THE NIAGARA ARTS AND CULTURAL CENTER INC NIAG 7162827530 1201 PINE AVENUE NIAGARA FALLS NY 14301 Mary Ricciardi President 2024-11-15 true true STEVEN H BROWN CPA P00296323 7162988000 X 2023 2024-10-15 13:58:12Z Mary Ricciardi 624868 false X www.thenacc.org X 2001 NY TO PROTECT THE LANDMARK BUILDING, PRESERVE CULTURAL HERITAGE, AND PROMOTE ARTS AND CULTURAL EXPERIENCES. 13 13 10 150 0 245342 311183 236565 257024 25 10734 -25154 3752 456778 582693 0 0 271162 226689 0 113877 312583 343328 583745 570017 -126967 12676 1642539 2031878 481067 857730 1161472 1174148 TO PROTECT THE LANDMARK BUILDING, PRESERVE CULTURAL HERITAGE, AND PROMOTE ARTS AND CULTURAL EXPERIENCES. false false 313575 THE NIAGARA ARTS AND CULTURAL CENTER, INC. PROVIDES FOR AN ARTS, CULTURAL AND COMMUNITY LEARNING CENTER IN NIAGARA FALLS, NEW YORK. THE MULTI-FACETED MISSION OF THE CENTER INCLUDES: OFFERING ON-GOING ARTS AND CULTURAL EDUCATION IN THE COMMUNITY; SERVING AS A VIABLE CULTURAL TOURIST DESTINATION; PRESERVATION AND UTILIZATION OF OUR HISTORIC, LANDMARK BUILDING; PROVIDING AFFORDABLE STUDIO AND OFFICE SPACE TO AREA ARTISTS AND ART GROUPS; MAKING A WIDE VARIETY OF ARTISTIC AND CULTURAL PRESENTATIONS ACCESSIBLE TO THE COMMUNITY; AND, SERVING AS A GATHERING PLACE FOR COMMUNITY EVENTS AND GROUPS. 313575 true true false false false false false false false false true false false false true true true false false false false false false false true false false false false false false false false true false false false false false false false false false false false false false true 21 0 true 10 true false false false false false false false 0 false false false false false false false X 13 13 false false false false false false false true true false false false true true true false false true false false NY X THE ORGANIZATION 7162827530 1201 PINE AVENUE NIAGARA FALLS NY 14301 X KEVIN LEARY START JULY 2023 EXECUTIVE DIRECTOR 40.00 0.00 25500 0 0 BRIAN FUSS RESIGNED FEB 2023 EXECUTIVE DIRECTOR 40.00 0.00 8076 0 0 MARY RICCIARDI President 5.00 0.00 X X 0 0 0 EDWARD PERLMAN Vice President 3.00 0.00 X X 0 0 0 DEBORAH CUTLER Treasurer 3.00 0.00 X X 0 0 0 JENNIFER MUNDY Secretary 3.00 0.00 X X 0 0 0 MICHAEL BEAM Director 1.00 0.00 X 0 0 0 LIZ CANADA Director 1.00 0.00 X 0 0 0 NORMA HIGGS NON-VOTING Dir Emeritus 1.00 0.00 X 0 0 0 PATRICIA FREDERICK Director 1.00 0.00 X 0 0 0 MARK LAURRIE Director 1.00 0.00 X 0 0 0 SARAH POTWIN Director 1.00 0.00 X 0 0 0 KENNETH ROWE Director 1.00 0.00 X 0 0 0 EDITH SANFILIPPO Director 1.00 0.00 X 0 0 0 WILLIAM SPRINGER Director 1.00 0.00 X 0 0 0 JUDITH TEDEROUS Director 1.00 0.00 X 0 0 0 LOUIS TOWNSEND NON-VOTING Dir Emeritus 1.00 0.00 X 0 0 0 33576 0 false false false 0 64116 247067 2838 311183 MISCELLANEOUS 5055 5055 RENTAL INCOME 251969 251969 257024 10734 10734 0 0 0 0 45927 42175 3752 3752 0 0 0 582693 257024 14486 0 0 0 0 33576 16788 8394 8394 0 172862 86430 43216 43216 0 1979 989 495 495 18272 9136 4568 4568 0 0 3896 3896 0 0 0 22137 22137 18528 9264 4632 4632 13583 6791 3396 3396 0 0 107685 91532 8615 7538 0 0 1716 858 429 429 4994 4994 0 63075 31537 15769 15769 7426 3712 1857 1857 REPAIRS AND MAINTENANCE 54365 27183 13591 13591 CLASS EXPENSES 11046 11046 CONTRACTED SERVICES 5679 2839 1420 1420 TELEPHONE 5582 2790 1396 1396 23616 12680 3760 7176 570017 313575 142565 113877 109494 104576 125310 594757 101500 0 10053 6803 0 0 0 0 1647 2849 2176259 853366 1294535 1322893 0 0 0 0 0 1642539 2031878 117837 124536 307410 677374 20000 20000 35000 35000 820 820 481067 857730 X 1003878 997375 157594 176773 1161472 1174148 1642539 2031878 12676 X false true X false false X 98876 83061 230402 245342 311183 968864 230713 222859 228120 233429 251969 1167090 0 0 0 329589 305920 458522 478771 563152 2135954 0 0 2135954 100 89 31 25 10734 10979 0 100 89 31 25 10734 10979 0 21084 22427 -3259 -22018 8807 27041 350773 328436 455294 456778 582693 2173974 0.98250 0.98150 0.00510 0.00010 X Support Schedule: Other Income Explanation Net income from special events and miscellaneous revenues related to tax-exempt purpose. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 100000 100000 333870 188732 145138 1650540 588913 1061627 30849 29946 903 61000 45775 15225 1322893 SECURITY DEPOSITS 820 820 X 582693 582693 582693 570017 570017 570017 Part X : FIN48 Footnote ASC 740-10 (formerly FIN 48) - In June 2006, FASB issued ASC 740-10 (formerly Interpretation No. 48, Accounting for Uncertainty in Income Taxes - an interpretation of FASB Statement No. 109). ASC 740-10 provides guidance on recognition and measurements of uncertainties in income taxes recognized in financial statements by prescribing a more-likely-than-not recognition threshold and measurement attribute of tax positions taken or expected to be taken on a tax return.The Center follows the recognition requirements for uncertain tax positions as required by ASC 740-10. The Center has analyzed tax positions taken for filing with the Internal Revenue Service and all state jurisdictions where it operates. The Center believes that income tax filing positions will be sustained upon examination and does not anticipate any adjustments that would result in a material adverse affect on the Organization's financial condition, results of operations or cash flows. Accordingly, the Center has not recorded any reserves, or related accruals for interest and penalties for uncertain tax positions at December 31, 2023.The Center is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The Center believes it is no longer subject to income tax examinations for the years prior to 2021.The Center's policy is to classify income tax related interest and penalties in interest expense and other expenses, respectively. X X X X false ART OF BEER 22540 22540 3568 ART OF FASHION 7671 7671 5670 2 11722 11722 20472 41933 41933 29710 29710 12223 LOUIS TOWNSEND DIRECTOR cashflow X 20000 20000 true true true 20000 Form 990, Part VI, Section B, Line 11b FORM 990 REVIEW IS DELEGATED BY THE BOARD OF DIRECTORS TO THE FINANCE COMMITTEE, AND IS REVIEWED BY A FINANCE COMMITTEE MEMBER (OFFICER) PRIOR TO FILING. Form 990, Part VI, Section B, Line 12c CONFLICT OF INTEREST DECLARATION FORM SIGNED BY BOARD MEMBERS UPON ELECTION/APPOINTMENT TO BOARD AND ANNUALLY THEREAFTER. Form 990, Part VI, Section B, Line 15a BOARD OF DIRECTORS DETERMINES AND APPROVES COMPENSATION BASED ON BUDGET/FINANCES. Form 990, Part VI, Section C, Line 19 THE PUBLIC CAN REQUEST INFORMATION THROUGH THE ORGANIZATION'S WEBSITE - WWW.THENACC.ORG. FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST.