Nonprofit · EIN 46-1134776
BALTIMORE ARTS REALTY CORPORATION
Tax-exempt · BALTIMORE, MD 21201
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,303,580 | $1,808,128 | -$504,548 | $15,168,723 | $1,211,551 | $13,957,172 |
| December 31, 2023 | 990 | $853,171 | $1,620,799 | -$767,628 | $14,733,626 | $271,906 | $14,461,720 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,401,659
- of which government grants
- $135,066
- Program service revenue
- $152,286
- Investment income
- $2,621
- Net rental income
- -$287,229
- Other revenue
- -$252,986
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $130,000
- Other salaries and wages
- $468,182
- Salaries, compensation and benefits (total)
- $654,324
- Professional fundraising fees
- $0
- Legal fees
- $21,524
- Accounting fees
- $134,806
- Depreciation
- $303,360
- Program services (functional)
- $1,431,395
- Management and general (functional)
- $356,922
- Fundraising (functional)
- $19,811
Balance sheet and other
- Total assets, start of year
- $14,733,626
- Total assets, end of year
- $15,168,723
- Total liabilities, end of year
- $1,211,551
- Net assets, end of year
- $13,957,172
- Land, buildings and equipment
- $12,660,927
- Net assets without donor restrictions
- $13,957,172
- Gross receipts
- $2,074,841
- Employees
- 22
- Volunteers
- 8
- Year formed
- 2012
- State of legal domicile
- MD
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LEON F PINKETT III | EXECUTIVE DI Trustee or director, Officer | 35 | $130,000 |
| SONJA CENDAK | DIRECTOR Trustee or director | 1 | $0 |
| KATHLEEN LANE | DIRECTOR Trustee or director | 1 | $0 |
| EMILY LERMAN | DIRECTOR Trustee or director | 1 | $0 |
| SARSFIELD WILLIAMS | DIRECTOR Trustee or director | 1 | $0 |
| JENNIFER VEY | PRESIDENT AN Trustee or director, Officer | 1 | $0 |
| JAY REED | DIRECTOR Trustee or director | 1 | $0 |
| CHRISTOPHER PUDDY | DIRECTOR Trustee or director | 1 | $0 |
| NINA CASALENA | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LEON F PINKETT III | EXECUTIVE DI Trustee or director, Officer | 35 | $128,942 |
| SONJA CENDAK | DIRECTOR Trustee or director | 1 | $0 |
| SEAN CLOSKEY | DIRECTOR Trustee or director | 1 | $0 |
| KATHLEEN LANE | DIRECTOR Trustee or director | 1 | $0 |
| EMILY LERMAN | DIRECTOR Trustee or director | 1 | $0 |
| SARSFIELD WILLIAMS | DIRECTOR Trustee or director | 1 | $0 |
| JENNIFER VEY | PRESIDENT AN Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 120 W NORTH AVE STE 201, BALTIMORE, MD 21201-5832
- Principal officer (990 for 2024)
- LEON F PINKETT III, 2519 N CHARLES STREET, BALTIMORE, MD 21218
- Signed the 990
- LEON F PINKETT III, EXECUTIVE DIRECTOR
- Phone
- (443) 275-2174
- Website
- BALTIMOREARTSREALTY.COM
- Return prepared by
- HCFL
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.
Program accomplishments
- 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.Expenses $1,322,863 · revenue $152,286
- 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.Expenses $108,532
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 46-1134776
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S31)
- Assets (IRS master file)
- $15,168,723
- Income (IRS master file)
- $2,074,841
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,303,580 | $1,808,128 | $15,168,723 | XML |
| 990 | December 2023 | $853,171 | $1,620,799 | $14,733,626 | XML |
| 990 | December 2022 | $4,113,017 | $1,156,925 | $15,490,869 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 46-1134776).
Questions about BALTIMORE ARTS REALTY CORPORATION
- What is the EIN of BALTIMORE ARTS REALTY CORPORATION?
- The employer identification number (EIN) of BALTIMORE ARTS REALTY CORPORATION is 46-1134776.
- Is BALTIMORE ARTS REALTY CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to BALTIMORE ARTS REALTY CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BALTIMORE ARTS REALTY CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of BALTIMORE ARTS REALTY CORPORATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BALTIMORE ARTS REALTY CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of BALTIMORE ARTS REALTY CORPORATION?
- The 990 for the year ended December 31, 2024 names LEON F PINKETT III.
- Who are the officers and directors of BALTIMORE ARTS REALTY CORPORATION?
- The 990 for the year ended December 31, 2024 lists 9 people; 1 received compensation from the organization, the highest $130,000 (LEON F PINKETT III, EXECUTIVE DI).
- How much revenue does BALTIMORE ARTS REALTY CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,303,580, expenses of $1,808,128 and total assets of $15,168,723 at year end.
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All nonprofits in BALTIMORE · Maryland · Community improvement and capacity building