Arts Equity
- Assets
- $45.5k
- Revenue
- $25.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Pawtucket, RI
- Founding
- 03/1988
- Data as of
- 09/2021
- EIN
- 22-2869993
Organization Overview
Arts Equity is located in Pawtucket, RI. The organization was established in 1988. 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. Arts Equity 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 09/2021, Arts Equity generated $25.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (25.8%) each year. All expenses for the organization totaled $15.7k during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (31.6%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ARTS RELATED ACTIVITIES THAT PROVIDE OPPORTUNITIES TO INDIVIDUALS WITH DISABILITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
WORKING TO CREATE A SOCIETY FOR PEOPLE WITH DISABILITIES TO LEARN TO PARTICIPATE IN THE ARTS.
WORKING TO CREATE A SOCIETY IN WHICH INDIVIDUALS WITH DISABILITIES CAN LEARN THROUGH, PARTICIPATE IN AND ENJOY THE ARTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Clavet Vice Preside | OfficerTrustee | $0 | |
Fred Radway Treasurer | OfficerTrustee | $0 | |
Rosemary Burns President | OfficerTrustee | $0 | |
Stuart Giannini Media Consul | Trustee | $0 | |
Lindsey Paquette Co - Secreta | Trustee | $0 | |
Kim Ash Secretary | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $21,708 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,208 |
| Total Program Service Revenue | $0 |
| Investment income | $18 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $25,226 |
| 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. | $0 |
| 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 | $1,987 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $194 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $12 |
| Information technology | $928 |
| Royalties | $0 |
| Occupancy | $5,995 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $549 |
| All other expenses | $6,032 |
| Total functional expenses | $15,697 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,494 |
| Savings and temporary cash investments | $19,688 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $284 |
| Net Land, buildings, and equipment | $1 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $45,467 |
| Accounts payable and accrued expenses | $2,500 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| 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 | $0 |
| Total liabilities | $2,500 |
| Net assets without donor restrictions | $42,967 |
| 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 | $45,467 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Arts Equity has recieved totaling $41.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $41 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Artists For Humanity Inc Boston, MA | $38,813,967 | $6,181,666 |
The Katharine Hepburn Cultural Arts Center Inc Old Saybrook, CT | $3,859,540 | $4,355,262 |
Nxthvn Inc New Haven, CT | $17,933,474 | $3,738,100 |
Lyme Academy Of Fine Arts Inc Old Lyme, CT | $14,295,843 | $2,513,940 |
Trustees Of Eliot School Jamaica Plain, MA | $3,411,558 | $2,005,547 |
Artists Association Of Nantucket Nantucket, MA | $5,698,877 | $1,841,794 |
Providence Art Club Providence, RI | $7,643,103 | $1,986,193 |
Bucks Rock Camp Inc New Milford, CT | $12,855,094 | $14,216,447 |
Truro Center For The Arts At Castle Hill Inc Truro, MA | $5,336,661 | $1,649,041 |
Hopkinton Center For The Arts Hopkinton, MA | $2,540,455 | $1,697,840 |
Falmouth Artists Guild Inc Falmouth, MA | $2,715,028 | $680,331 |
Neighborhood Studios Of Fairfield County Inc Bridgeport, CT | $354,836 | $613,099 |