Art Sanctuary Inc
- Assets
- $232.3k
- Revenue
- $532.6k
- Investments
- $0.0
- Employees
- 2
- Location
- Louisville, KY
- Founding
- 08/2007
- Data as of
- 12/2022
- EIN
- 20-1670656
Organization Overview
Art Sanctuary Inc is located in Louisville, KY. The organization was established in 2007. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Art Sanctuary Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Art Sanctuary 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 12/2022, Art Sanctuary Inc generated $532.6k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 23.3% each year . All expenses for the organization totaled $476.7k during the year ending 12/2022. While expenses have increased by 20.0% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT AND EDUCATION OF THE VISUAL AND PERFORMING ARTS
Describe the Organization's Program Activity:
ARTIST PERFORMANCES
PROVIDE REDUCED-RENT SPACE TO ARTISTS AND EVENTS
ART GALLERY
EVENT SPACE RENTAL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Frye President | OfficerTrustee | $0 | |
Paul Jeffrey Smith Treasurer | OfficerTrustee | $0 | |
Jeff E Jobson Secretary | Officer | $0 | |
Erika M Williams Vice Preside | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $142,241 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $142,241 |
| Total Program Service Revenue | $230,348 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $4,005 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $532,593 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $150,512 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,473 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $111,691 |
| Advertising and promotion | $3,241 |
| Office expenses | $3,897 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $114,739 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $28 |
| Conferences, conventions, and meetings | $962 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,100 |
| Insurance | $2,699 |
| All other expenses | $7,621 |
| Total functional expenses | $476,737 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $222,125 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,995 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $4,132 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $232,252 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $2,635 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,161 |
| Total liabilities | $4,796 |
| Net assets without donor restrictions | $227,456 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $232,252 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Art Sanctuary Inc has recieved totaling $8,658.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $7,909 |
S Pearson And Minx M Auerbach Foundation Inc Boulder, CO PURPOSE: GENERAL FUND | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $249 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chicago Architecture Foundation Chicago, IL | $18,456,323 | $14,699,492 |
Painting Industry Insurance Fund Strongsville, OH | $10,051,774 | $13,147,287 |
Frist Art Museum Nashville, TN | $27,247,403 | $12,277,490 |
The American Ceramic Society Inc Westerville, OH | $14,880,081 | $7,163,335 |
Textile Rental Services Association Of America Inc Alexandria, VA | $12,660,390 | $5,781,606 |
Fenestration And Glazing Industry Alliance Schaumburg, IL | $6,384,205 | $4,966,632 |
Museum Of Contemporary Art Cleveland Cleveland, OH | $27,997,238 | $2,174,653 |
Fibre Box Association Itasca, IL | $1,560,987 | $3,611,412 |
Hyde Park Art Center Chicago, IL | $13,112,741 | $7,741,893 |
Glass City Academy Toledo, OH | $3,212,958 | $2,938,051 |
Master Craftsmen Foundation Kansas City, MO | $0 | $269 |
Virginia Museum Of Contemporary Art Virginia Beach, VA | $2,164,198 | $3,254,466 |