Nonprofit · EIN 46-1555586
FIVE POINTS CENTER FOR THE VISUAL ARTS INC
Tax-exempt · TORRINGTON, CT 06790
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,506,327 | $935,147 | $571,180 | $4,432,760 | $50,939 | $4,381,821 |
| December 31, 2023 | 990 | $1,273,550 | $775,793 | $497,757 | $3,789,614 | $27,046 | $3,762,568 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,190,008
- of which government grants
- $717,191
- Program service revenue
- $135,948
- Investment income
- $118,468
- Net gain from sales of assets
- $69,827
- Other revenue
- $61,903
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $51,218
- Other salaries and wages
- $397,883
- Salaries, compensation and benefits (total)
- $483,608
- Professional fundraising fees
- $0
- Occupancy
- $149,278
- Depreciation
- $56,930
- Program services (functional)
- $644,181
- Management and general (functional)
- $219,118
- Fundraising (functional)
- $71,848
Balance sheet and other
- Total assets, start of year
- $3,789,614
- Total assets, end of year
- $4,432,760
- Total liabilities, end of year
- $50,939
- Net assets, end of year
- $4,381,821
- Land, buildings and equipment
- $2,392,516
- Publicly traded securities
- $1,717,042
- Net assets without donor restrictions
- $2,591,399
- Net assets with donor restrictions
- $1,790,422
- Gross receipts
- $1,553,503
- Employees
- 11
- Volunteers
- 70
- Year formed
- 2012
- State of legal domicile
- CT
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 |
|---|---|---|---|
| Judith McElhone | Executive Dir. Trustee or director, Officer | 40 | $51,218 |
| Ricardo J Reyes | Director Trustee or director | 1 | $0 |
| Joe Gitterman | Secretary Trustee or director | 1 | $0 |
| Mark Malaspina | Director Trustee or director | 1 | $0 |
| Anna Webersen | Director Trustee or director | 1 | $0 |
| Mark Cavagnero | Director Trustee or director | 1 | $0 |
| Lisa Coleman | Director Trustee or director | 1 | $0 |
| Eric Forstmann | President Trustee or director, Officer | 2 | $0 |
| Sally Van Doren | Vice President Trustee or director, Officer | 2 | $0 |
| Christopher Wilson | Treasurer Trustee or director, Officer | 2 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Judith McElhone | Executive Dir. Trustee or director, Officer | 40 | $51,218 |
| Ricardo J Reyes | Director Trustee or director | 1 | $0 |
| Joe Gitterman | Director Trustee or director | 1 | $0 |
| Mark Malaspina | Director Trustee or director | 1 | $0 |
| Anna Webersen | Director Trustee or director | 1 | $0 |
| Mark Cavagnero | Director Trustee or director | 1 | $0 |
| Lisa Coleman | Director Trustee or director | 1 | $0 |
| Eric Forstmann | President Trustee or director, Officer | 2 | $0 |
| Sally Van Doren | Vice President Trustee or director, Officer | 2 | $0 |
| Christopher Wilson | Treasurer Trustee or director, Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1028, TORRINGTON, CT 06790-1028
- In care of
- % GAIL KRUPPA
- Mailing address (990-N for 2013)
- 33 Main Street PO Box 1028, Torrington CT 06790
- Principal officer (990 for 2024)
- Judith McElhone, 33 MAIN STREET PO BOX 1028, TORRINGTON, CT 06790
- Principal officer (990-N for 2013)
- Steven Roth, 1750 Weed Road, Torrington CT 06790
- Signed the 990
- Judith McElhone, Executive Dir.
- Phone
- (860) 618-2167
- Website
- fivepointsgallery.org
- Return prepared by
- KING KING & ASSOCIATES CPAS
Mission
Five Points Arts' mission is to champion and nurture artists at all stages of their careers and to empower a diverse community through the presentation of inspiring exhibitions and educational initiatives.
Program accomplishments
- Five Points Arts finalized the purchase of the former University of Connecticut Torrington campus on June 30, 2020. The 30,000 sq. ft. building and surrounding 90 acres has been transformed into the Five Points Art Center. The center is designed as a dynamic, vibrant, cross disciplinary laboratory where artists explore new techniques and concept, learn from one another and engage the community through workshops, seminars, lectures, and outdoor interactive experiences.In conjunction with the Five Points' galleries and launchpad initiatives in downtown Torrington the Art Center will exponentially further the positive impact of the arts in our region and extend the understanding of the visual arts as a vehicle for positive social, community, cultural and economic change.Expenses $620,854 · revenue $109,950
- The Five Points Launchpad supports emerging artists by providing affordable shared studio spaces above Five Points Gallery. In addition to workspace, the initiative offers a mentorship program, a serious arts community, gallery management experience and a Five Points Gallery exhibition opportunity.Expenses $18,949 · revenue $19,698
- The Five Points Annex, an expansion of the Five Points Launchpad program, is an affordable community pop-up gallery managed by the Launchpad artists.Expenses $4,378 · revenue $6,300
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
- 46-1555586
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A40)
- Assets (IRS master file)
- $4,432,760
- Income (IRS master file)
- $1,553,503
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,506,327 | $935,147 | $4,432,760 | XML |
| 990 | December 2023 | $1,273,550 | $775,793 | $3,789,614 | XML |
| 990 | December 2022 | $887,287 | $768,565 | $3,209,338 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2013 Officer: Steven Roth | December 31, 2013 | ≤ $50,000 receipts | – | – | e-Postcard |
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 46-1555586).
Questions about FIVE POINTS CENTER FOR THE VISUAL ARTS INC
- What is the EIN of FIVE POINTS CENTER FOR THE VISUAL ARTS INC?
- The employer identification number (EIN) of FIVE POINTS CENTER FOR THE VISUAL ARTS INC is 46-1555586.
- Is FIVE POINTS CENTER FOR THE VISUAL ARTS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to FIVE POINTS CENTER FOR THE VISUAL ARTS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FIVE POINTS CENTER FOR THE VISUAL ARTS INC 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 FIVE POINTS CENTER FOR THE VISUAL ARTS INC 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 FIVE POINTS CENTER FOR THE VISUAL ARTS INC 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 FIVE POINTS CENTER FOR THE VISUAL ARTS INC?
- The 990 for the year ended December 31, 2024 names Judith McElhone.
- Who are the officers and directors of FIVE POINTS CENTER FOR THE VISUAL ARTS INC?
- The 990 for the year ended December 31, 2024 lists 10 people; 1 received compensation from the organization, the highest $51,218 (Judith McElhone, Executive Dir.).
- How much revenue does FIVE POINTS CENTER FOR THE VISUAL ARTS INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,506,327, expenses of $935,147 and total assets of $4,432,760 at year end.
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