Art Works For Kids
- Assets
- $4.2m
- Revenue
- $215.9k
- Investments
- $4.1m
- Employees
- 0
- Location
- Salt Lake City, UT
- Founding
- 12/2007
- Data as of
- 05/2023
- EIN
- 20-5711103
Organization Overview
Art Works For Kids is located in Salt Lake City, UT. The organization was established in 2007. According to its NTEE Classification (A25) the organization is classified as: Arts Education, 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. Art Works For Kids 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 05/2023, Art Works For Kids generated $215.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.9%) each year. All expenses for the organization totaled $334.3k during the year ending 05/2023. As we would expect to see with falling revenues, expenses have declined by (4.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Art Works For Kids has awarded 111 individual grants totaling $2,085,991. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joan Fenton Director | 1 | $0 | |
James Sorenson Director | 2 | $0 | |
Joseph Sorenson Director | 1 | $0 | |
Lisa Cluff Exec. Dir. | 30 | $42,503 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $204,288 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,590 |
| Capital Gain Net Income | $15,486 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $215,878 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $42,503 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,434 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $62,961 |
| Printing and publications | $17,153 |
| Other expenses | $44,725 |
| Total operating and administrative expenses | $228,342 |
| Contributions, gifts, grants paid | $105,914 |
| Total expenses and disbursements | $334,256 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,535 |
| Savings and temporary cash investments | $159,845 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $4,229,274 |
| 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, Art Works For Kids has awarded $105,914 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
UTAH VALLEY UNIVERSITY PURPOSE: ART EDUCATION PROFESSIONAL DEVELOPMENT | $10,000 |
DAVIS SCHOOL DISTRICT PURPOSE: ART EDUCATION PROGRAM | $14,199 |
BAD DOG ARTS PURPOSE: FUNDING FOR ARTIST IN RESIDENCEY | $1,250 |
ALPINE SCHOOL DISTRICT PURPOSE: ART PROGRAM EXPENSES | $1,008 |
MOUNTAIN VIEW ELEMENTARY PURPOSE: ART SPECIALIST PROGRAM | $1,250 |
FRANKLIN ELEMENTARY SCHOOL PURPOSE: ARTIST IN RESIDENCY | $1,250 |