MarinLink, Inc.
For The Dissolution Of The Marin Arts Council
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Amount$15,075
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Program
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Date Awarded3/22/2012
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Term12 Months
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Type of SupportProject
Strategies
Overview
In February 2012, the board and membership of the Marin Arts Council (a former Hewlett grantee) voted to dissolve the organization. Multiple years of deficits, executive transitions, and the economic downturn left the organization with a significant accumulated deficit, and the organization's liabilities exceeded assets by more than $150,000. Most of the overdue payables are due to institutions and corporations, such as a bank line of credit, property manager, and printer. However, the organization has prioritized approximately $5000 payable to individual artists, $6900 payable to individual contractors, and $3200 for future expenses anticipated for dissolution (legal and accounting fees). A $15,075 grant is recommended to MarinLink, the fiscal sponsor for the Marin Arts Council to assist with dissolution and legacy costs.
About the Grantee
Address
5800 Northgate Drive, Suite 250, San Rafael, CA, 94903, United States
Grants to this Grantee
for the dissolution of the Marin Arts Council
In February 2012, the board and membership of the Marin Arts Council (a former Hewlett grantee) voted to dissolve the organization. Multiple years of deficits, executive transitions, and the economic downturn left the organization with a significant accumulated deficit, and the organization's liabilities exceeded assets by more than $150,000. Most of the overdue payables are due to institutions and corporations, such as a bank line of credit, property manager, and printer. However, the organization has prioritized approximately $5000 payable to individual artists, $6900 payable to individual contractors, and $3200 for future expenses anticipated for dissolution (legal and accounting fees). A $15,075 grant is recommended to MarinLink, the fiscal sponsor for the Marin Arts Council to assist with dissolution and legacy costs.
