Artery Inc
- Assets
- $30.1k
- Revenue
- $23.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Daytona Beach, FL
- Founding
- 05/2011
- Data as of
- 12/2019
- EIN
- 01-0918246
Organization Overview
Artery Inc is located in Daytona Beach, FL. The organization was established in 2011. According to its NTEE Classification (A19) the organization is classified as: Support N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Artery Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2019, Artery Inc generated $23.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (14.3%) each year. All expenses for the organization totaled $16.4k during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (13.4%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2019
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESENTATION AND ADVOCACY FOR COMMUNITY ART PROGRAMS FOR YOUTH
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $23,577 |
| Other Income | $0 |
| Total Revenue | $23,577 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $7,252 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $81 |
| Other expenses | $8,079 |
| Total operating and administrative expenses | $16,353 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $16,353 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,153 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $21,957 |
| Other assets | $0 |
| Total assets | $30,110 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Artery Inc has awarded $959 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MAPSORG PURPOSE: CHARITABLE | $800 |
SNAP CULTURAL EVENTS INC PURPOSE: CHARITABLE | $159 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alternate Roots Inc Atlanta, GA | $12,015,779 | $10,143,317 |
Stuart Air Show Inc Jensen Beach, FL | $536,098 | $1,479,559 |
Dance Educators Of America Inc Boynton Beach, FL | $61,859 | $524,504 |
A Space To Soar Inc Atlanta, GA | $8,626,385 | $336,575 |
Georgia Press Educational Foundation Inc Avondale Estates, GA | $2,211,491 | $238,821 |
Florida Theatre Conference Inc Gainesville, FL | $3,780 | $0 |
Artery Inc Daytona Beach, FL | $30,110 | $23,577 |
Cag Community Support Corporation Dalton, GA | $7,077 | $0 |
Bad Jacksonville, FL | $169 | $7,600 |
Society For Preservation & Encrgmnt Of Barbershop Quartet Singing Amer Jacksonville, FL | $35,011 | $0 |
Atlanta Intown Theatre Partnership Inc Atlanta, GA | $9,650 | $0 |
All Out Of Love Inc Valdosta, GA | $0 | $0 |