National Arts Institute Inc
- Assets
- $0.0
- Revenue
- $32.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Wellington, FL
- Founding
- 01/2009
- Data as of
- 12/2020
- EIN
- 26-3536095
Organization Overview
National Arts Institute Inc, operating under the name New Name National Arts Institute Inc, is located in Wellington, FL. The organization was established in 2009. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Name National Arts Institute 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 12/2020, New Name National Arts Institute Inc generated $32.5k 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 (18.9%) each year. All expenses for the organization totaled $53.4k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (11.8%) 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
NATIONAL ARTS INSTITUTE, INC. (NAI) WAS FORMED FOR CHARITABLE PURPOSES. NAI IS DEDICATED TO PROVIDING PERFORMING ARTS AND ARTS EDUCATION CARERR SKILLS TO HEIGHTEN QUALITY OF LIFE INCLUDING STUDENTS' HEIGHTENED ACHIEVEMENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE HANDS-ON PERFORMING ARTS ACCESS, TRAINING, PERFORMANCE AND PRESENTATION SKILLS AND OPPORTUNITIES INCLUDING STEPPING INTO THE ROLES OF "SANTA", "MRS CLAUSEX AND THEIR "ELVES" AT TOWN OF PALM BEACH TREE LIGHTING. STUDENTS ALSO COLLECTED GIFTS TO PLACE BENEATH THE TREE FOR FAMILIES IN NEED;POST THE EVENT, STUDENTS COLLECTED AND DELIVERED THE GIFTS TO PALM BEACH DAILY NEWS COLLECTION SITE FOR DELIVERY. THROUGH THE PROVISION OF NAI'S PERFORMING ARTS AND ARTS EDCUCATION PROGRAMS, STUDENTS GAIN CAREER TRAINING SKILLS WITH HANDS-ON ACCESS AND OPPORTUNITIES TO INTERACT WITH PEERS ACROSS RACE, CULTURE, COLOR, CREED AND/OR FINANCIAL ABILITY. SUBJECTIVE FEEDBACK INCLUDES SENSE OF HEIGHTENED QUALITY OF LIFE, SELF CONFIDENCE EDUCATION AND CAREER POTENTIAL, AND INSPIRED HOPE FOR A SUCCESSFULLY FULFILLED QUALITY OF LIFE FOR ALL.
PROVIDE HANDS-ON PERFORMING ARTS ACCESS, TRAINING, PERFORMANCE AND PRESENTATION SKILLS AND OPPORTUNITIES INCLUDING STEPPING INTO THE ROLES OF "SANTA", "MRS CLAUSEX AND THEIR "ELVES" AT TOWN OF PALM BEACH TREE LIGHTING. STUDENTS ALSO COLLECTED GIFTS TO PLACE BENEATH THE TREE FOR FAMILIES IN NEED;POST THE EVENT, STUDENTS COLLECTED AND DELIVERED THE GIFTS TO PALM BEACH DAILY NEWS COLLECTION SITE FOR DELIVERY. THROUGH THE PROVISION OF NAI'S PERFORMING ARTS AND ARTS EDCUCATION PROGRAMS, STUDENTS GAIN CAREER TRAINING SKILLS WITH HANDS-ON ACCESS AND OPPORTUNITIES TO INTERACT WITH PEERS ACROSS RACE, CULTURE, COLOR, CREED AND/OR FINANCIAL ABILITY. SUBJECTIVE FEEDBACK INCLUDES SENSE OF HEIGHTENED QUALITY OF LIFE, SELF CONFIDENCE EDUCATION AND CAREER POTENTIAL, AND INSPIRED HOPE FOR A SUCCESSFULLY FULFILLED QUALITY OF LIFE FOR ALL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Ohrstrom Chairman | OfficerTrustee | 8 | $0 |
Karen Poindexter Senior Prod. Director | OfficerTrustee | 40 | $0 |
Nicholas Loeb Director/trustee | OfficerTrustee | 2 | $0 |
Frances S Hayward Director/trustee | Trustee | 2 | $0 |
Renee Morrison Director/trustee | Trustee | 4 | $0 |
Pamela Thomas Executive Director | Trustee | 40 | $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 | $32,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,500 |
| Total Program Service Revenue | $0 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $32,500 |
| 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 | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $400 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,340 |
| Office expenses | $6,982 |
| Information technology | $3,245 |
| Royalties | $0 |
| Occupancy | $26,460 |
| Travel | $3,260 |
| 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 | $3,178 |
| Insurance | $0 |
| All other expenses | $486 |
| Total functional expenses | $53,351 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| 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 | $0 |
| 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 | $0 |
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