2025-02-13T16:54:17-06:00 2024-09-30 043257840 CRR LLP 545 Salem Street Wakefield MA 01880 990 2023-10-01 043034682 Arlington Center for the Arts Inc Tom Formicola Exec Director ARLI 7816486220 20 Academy Street Arlington MA 02476 Tom Formicola Executive Director 7816486220 2025-02-13 1 0 Richard P Daigle CPA P00290808 7812797788 2025-02-13 2023 2025-03-06 01:10:19Z Tom Formicola 20 Academy Street Arlington MA 02476 835797 0 X www.acarts.org X 1989 MA Education in and community development of the arts. 14 14 72 50 0 0 160218 105510 757259 712724 2901 17563 0 0 920378 835797 0 0 0 0 579695 612297 0 0 134446 354606 363174 934301 975471 -13923 -139674 1106627 943422 266652 241646 839975 701776 Education in and community development of the arts. 0 0 745600 712724 Educational programs conducted through various programs, classes and camps for children and adults in the areas of art, music, drama, and crafts. 745600 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 29 0 1 72 1 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X Caroline P Killoh 9783375035 20 Academy Street Arlington MA 02476 Shannon Ames Director 1.00 X 0 0 0 Sarah Buyer Secretary 1.00 X X 0 0 0 Jane Culbert Director 1.00 X 0 0 0 Tino D'Agostino Director 1.00 X 0 0 0 Jimmy Fox Director 1.00 X 0 0 0 Ari Herbstman Director 1.00 X 0 0 0 Nandana Mewada Director 1.00 X 0 0 0 Margaret Moody Director 1.00 X 0 0 0 Amy Bressler Nee Director 1.00 X 0 0 0 Julie Neu Treasurer 1.00 X X 0 0 0 John Oliver Chair 1.00 X X 0 0 0 Alexandra Pool Director 1.00 X 0 0 0 Molly Scannell Director 1.00 X 0 0 0 Laura Wiener Director 1.00 X 0 0 0 Tom Formicola Executive Director 40.00 X 94077 0 2822 94077 0 2822 0 0 0 0 0 105510 105510 Tuition 611610 631361 631361 Membership dues 611710 32950 32950 Exhibits and concessio 611710 24691 24691 Rent 532000 23722 23722 712724 17563 17563 835797 712724 0 17563 X 93678 93678 415272 299226 33907 82139 49265 34408 4040 10817 54082 37316 4868 11898 114034 78256 27341 8437 769 769 63082 53892 9190 198 198 89803 89803 7628 3814 3814 Supplies 29549 22795 4232 2522 Bank and credit card fe 24477 19083 623 4771 Event expense 10250 10250 Printing 5859 3691 1582 586 17525 8869 5630 3026 975471 745600 95425 134446 277155 216732 195634 204919 3000 8000 11368 11695 878418 537328 429096 341090 7797 182577 160986 1106627 943422 48412 52725 12171 16305 9765 196304 172616 266652 241646 X 839975 701776 839975 701776 1106627 943422 -139674 -7 1482 0 X X 0 1 X 1 0 X 94971 148425 119414 160218 105510 628538 250559 509015 680076 757259 712724 2909633 345530 657440 799490 917477 818234 3538171 0 0 0 3538171 2001 878 4888 2927 17563 28257 2001 878 4888 2927 17563 28257 347531 658318 804378 920404 835797 3566428 0.99210 0.99690 0.00790 0.00310 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 777705 465718 311987 100713 71610 29103 341090 Security Deposit 2420 Right of Use Assets 158566 160986 Lease Liability 172616 172616 X 837272 -7 1482 1475 835797 0 835797 975471 0 975471 0 975471 Part X, Line 2: FIN 48 Footnote The Center evaluates its uncertain tax positions using the provisions of ASC 450, "Contingencies". Accordingly, a loss contingency is recognized when it is probable that a liability has been incurred as of the date of the financial statements and the amount of the loss can be reasonably estimated. The amount recognized is subject to estimate and management judgement with respect to the likely outcome of each uncertain tax position. The amount that is ultimately sustained for an individual uncertain tax position or for all uncertain tax positions in the aggregate could differ from the amount recognized. As of September 30, 2024, the Center had no material unrecognized tax benefits and no adjustments to liabilities or operations were required under ASC 740. The Center's practice was and continues to be to recognize interest and penalty expenses related to uncertain tax positions in income tax expense, which were zero for the year ended September 30, 2024. Generally, the Center's three preceding tax years are subject to examination by federal and state taxing authorities. There are no income tax examinations currently in process. Form 990, Part VI, Section B, line 11b Management reviews Form 990 and verifies the information and consistency with audited financial statements, accounting records and other documents maintained by the Organization. Form 990, Part VI, Section B, line 12c The Organization requires responsible personnel and board members to disclose any conflicts of interest as they become known and a review of the policy is performed annually. Form 990, Part VI, Section B, line 15 The Board of Directors reviews and approves compensation for the executive director annually. Compensation and adjustments for officers and key employees are determined when the annual budget is presented and adjustments are approved by the Executive Director and Board of Directors. Form 990, Part VI, Section C, line 19 Governing documents are available upon request and via the Massachusetts Secretary of State's website. Form 990, Part IX, line 11g Teacher fees: Program service expenses 53,385. Management and general expenses 0. Fundraising expenses 0. Total expenses 53,385. Professional fees: Program service expenses 24,871. Management and general expenses 27,341. Fundraising expenses 8,437. Total expenses 60,649. Form 990, Part XII, Line 2c: There were no changes in oversight process or selection process during the tax year.