The Muses Inc
- Assets
- $468.8k
- Revenue
- $311.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Hot Springs, AR
- Founding
- 03/2010
- Data as of
- 12/2022
- EIN
- 26-0225045
Organization Overview
The Muses Inc is located in Hot Springs, AR. The organization was established in 2010. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Muses Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Muses 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, Muses Inc generated $311.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $319.2k during the year ending 12/2022. While expenses have increased by 3.2% per year over the past 8 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MUSES IS A CHARITABLE ARTS ORGANIZATION DEDICATED TO PRESERVING CLASSICAL ART AND MUSIC THROUGH PERFORMANCE AND EDUCATION. THE MUSES' VISION IS TO INSPIRE, EDUCATE, HEAL, AND DELIGHT THEIR AUDIENCE AND PARTICIPANTS BY PROVIDING DIVERSE EXPRESSIONS OF CLASSICAL ART AND EDUCATION ENRICHMENT OPPORTUNITIES TO ALL OF THE CITIZENS OF ARKANSAS.THE ORGANIZATION CREATES NEW PRODUCTIONS, USING CLASSICAL ELEMENTS AND HIGHLY-TRAINED PROFESSIONAL PERFORMERS, IN MENTORING ROLES WITH STUDENTS AND YOUNG ARTISTS, TO INSPIRE AUDIENCES AND GENERATE INTEREST IN, AND SUPPORT FOR, THE CLASSICAL ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIS YEAR THE MUSES PRESENTED 29 MULTI-ARTS PRODUCTIONS THESE PRODUCTIONS ARE BASED OUT OF THE MUSES CULTURAL ARTS CENTER IN HOT SPRINGS, AND THEN TOURED THROUGHOUT THE REGION. EACH PERFORMANCE IS DESIGNED TO PERSONALLY ENRICH PARTICIPANTS THROUGH DIRECT ENCOUNTERS WITH THE ARTS, AND INSPIRE EXCELLENCE AND CREATIVITY IN EVERYDAY LIFE.THROUGH THE EDUCATIONAL OUTREACH THE MUSES INTERFACE REGULARLY WITH HIGH SCHOOL AND COLLEGE STUDENTS, AS WELL AS LIFE-LONG LEARNERS (RANGING IN AGE FROM 15 90), PROVIDING THEM WITH TEACHING, MENTORING AND PERFORMANCE OPPORTUNITIES. THESE ARTISTIC ENCOUNTERS ARE DESIGNED TO ACTIVATE A SENSE OF PURPOSE AND VALUE, AND TO STRENGTHEN LIFE SKILLS SUCH AS, COMMUNICATION, COOPERATION, COMMITMENT, DISCIPLINE, AND TEAMWORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deleen Davidson President | OfficerTrustee | 40 | $56,000 |
Al Carney Chairman | Trustee | 5 | $0 |
Ron Mills Director | Trustee | 5 | $0 |
Ron Mills Director | Trustee | 5 | $0 |
Anita Cabe Treasurer | Trustee | 5 | $0 |
Sharon Heflin Secretary | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $247,393 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $247,393 |
| Total Program Service Revenue | $68,340 |
| Investment income | $27 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$4,630 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $311,130 |
| 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. | $56,000 |
| Compensation of current officers, directors, key employees. | $28,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $48,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,100 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,465 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $114,809 |
| Advertising and promotion | $4,571 |
| Office expenses | $811 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $8,094 |
| 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 | $6,756 |
| Insurance | $5,353 |
| All other expenses | $30,404 |
| Total functional expenses | $319,150 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $101,885 |
| Savings and temporary cash investments | $118,204 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $22,239 |
| 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 | $0 |
| Net Land, buildings, and equipment | $210,254 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,200 |
| Total assets | $468,782 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $468,782 |
| 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 | $468,782 |