Encaustic Art Inc
- Assets
- $43.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Cerrillos, NM
- Founding
- 06/2011
- Data as of
- 12/2021
- EIN
- 27-1162666
Organization Overview
Encaustic Art Inc is located in Cerrillos, NM. The organization was established in 2011. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, 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. Encaustic Art 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 12/2021, Encaustic Art Inc generated $51.9k 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 (6.2%) each year. All expenses for the organization totaled $61.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
ENCAUSTIC ART INSTITUTE (EAI) CELEBRATED ITS 17TH YEAR ANNIVERSARY AND ACCOMPLISHED ITS LONG-TERM GOAL OF ADDING THE MUSEUM OF ENCAUSTIC ART UNDER THE UMBRELLA OF EAI. HOUSED IN A NEW LOCATION IN 2021, EAI OFFERS 1500 SQUARE FEET OF DEDICATED SPACE FOR THE MUSEUM'S PERMANENT COLLECTION. PAID ATTENDANCE IS NOW IN PLACE. EXPANDED EFFORTS IN MARKETING HAS ALLOWED ATTENDANCE TO GROW AND THE MUSEUM'S PRESENCE IS BEING RECOGNIZED AS THE ONLY ENCAUSTIC/WAX MUSEUM IN AMERICA. ADULT WORKSHOPS ARE BEING FACILITATED THROUGH ZOOM, BECAUSE PANDEMIC REQUIREMENTS PROHIBITED GATHERINGS, THE PUBLIC AT LARGE IS FINDING ITS CONFIDENCE IN MEETING IN SMALL GROUPS. EAI'S MEMBER GALLERY IS CURRENTLY IN STORAGE, AND A PERSISTENT MARKETING AND SOCIAL MEDIA CAMPAIGN BOOSTS THE GALLERY'S ONLINE PRESENCE. NEWLY ALLOCATED SPACE FOR THE GALLERY/WORKSHOPS IS IN NEGOTIATION. EAI STILL MEETS A COMMUNITY NEED BY INTRODUCING A NEW MEDIUM TO THE SCHOOL ARTS CURRICULUM IN ORDER TO REVITALIZE THE ART-MAKING EXPERIENCE AND PROVIDE NEW OPPORTUNITIES FOR CREATIVE EXPLORATION AND PROBLEM SOLVING USING THE INSTANT EFFECTS OF WAX. THIS UNIQUE MEDIUM IS THE SECOND OLDEST ART FROM IN HUMAN HISTORY AND CURRENTLY THE FASTEST GROWING MEDIUM IN THE UNITED STATES. EAI CONTINUES TO PROVIDE A BI-ANNUAL ONLINE MAGAZINE THAT OFFERS A CONNECTION FOR ENCAUSTIC/WAX ENTHUSIASTS WORLD-WIDE TOGETHER WITH AN EXCHANGE OF INFORMATION FOR WORKING ARTISTS. IT CURRENTLY IS READ IN 44 COUNTRIES. EAI OFFERS SUBSCRIPTION PRICING PLUS VENDOR AND ARTIST ADVERTISING WHICH ALLOWS THE MAGAZINE TO RUN IN THE BLACK. AT EAI, EMERGING AND ESTABLISHED ARTISTS ARE HIGHLY VALUED AND SUPPORTED AS ARE ART ENTHUSIASTS AND STUDENTS OF ENCAUSTIC/WAX ART OF ALL AGES. EAI CONTINUES TO SOLICIT GRANT SUPPORT AND DONATIONS IN ORDER TO MAINTAIN FINANCIAL HEALTH. THE COMMITMENT TO RELOCATE AND EXPAND ONLINE, NEGOTIATE NEW SPACE AGREEMENTS IN AN EVER-MOVING PANDEMIC CIRCUMSTANCES HAS MOTIVATED EAI TO GAIN A BOTTOM LINE BEYOND THE EAI MEMBERSHIP FEES, WORKSHOP FEES, MUSEUM ATTENDANCE, AND SALES OF ARTWORK.
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PDF Copies of 990 Filings
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $43,044 |
| Total Program Service Revenue | $8,872 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $51,916 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $37,925 |
| Occupancy, rent, utilities, and maintenance | $10,900 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $12,799 |
| Total expenses | $61,624 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $43,197 |
| Other assets | $0 |
| Total assets | $43,236 |
| Total liabilities | $32,700 |
| Net assets or fund balances | $10,536 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Phoenix Painting Industry Trust Fund Phoenix, AZ | $8,745,449 | $4,690,569 |
Dallas Contemporary Dallas, TX | $3,580,432 | $1,729,811 |
Redline Denver, CO | $19,188,382 | $2,483,556 |
National Council On Education For The Ceramic Arts Boulder, CO | $3,277,590 | $1,203,112 |
Cherry Creek Arts Festival Denver, CO | $2,617,133 | $1,539,850 |
Glass Control Inc Emp Ben Tr Lubbock, TX | $187,823 | $1,183,121 |
Ballroom Cultural Arts Foundation Marfa, TX | $1,422,501 | $1,165,140 |
Gil And Dody Weaver Foundation Dallas, TX | $0 | $964,218 |
Foothills Art Center Inc Golden, CO | $2,162,133 | $1,395,944 |
Fotofest Inc Houston, TX | $1,959,929 | $2,155,129 |
Dallas Spark Dallas, TX | $494,166 | $779,653 |
Valere B Potter Trust Uw Dallas, TX | $5,062,926 | $695,206 |