Yo Art Inc
- Assets
- $14.8k
- Revenue
- $70.5k
- Investments
- $0.0
- Employees
- 1
- Location
- Charleston, SC
- Founding
- 09/2010
- Data as of
- 06/2022
- EIN
- 27-3158319
Organization Overview
Yo Art Inc is located in Charleston, SC. The organization was established in 2010. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Yo 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 06/2022, Yo Art Inc generated $70.5k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $65.9k during the year ending 06/2022. While expenses have increased by 10.2% per year over the past 6 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
YO ART BRINGS TECHNOLOGY-DRIVEN ARTS COURSES INTO THE PUBLIC SCHOOLS WITHIN THE BOUNDARIES OF THE STEAM CURRICULUM. OUR PROGRAMS HELP STUDENTS DEVELOP CRITICAL SKILL SETS AND LEARN THE TERMINOLOGY INTEGRAL TO THEM TO PUT THEM ON THE PATH TO GRADUATE CAREER READY. THEY GAIN HANDS-ON EXPERIENCE, DEVELOP ENTREPRENEURIAL SKILLS, AND LEARN TO THINK CREATIVELY AND LOGICALLY. WE EMPHASIZE INNOVATION, COMMUNICATION AND INTERVIEW SKILLS SO STUDENTS CAN BUILD THEIR SELF-CONFIDENCE WHILE IDENTIFYING AND CAPITALIZING ON THEIR UNIQUE TALENTS. THEY GRADUATE FROM EACH COURSE WITH SPECIFIC OUTPUTS THAT WILL HELP DEMONSTRATE THEIR ACCOMPLISHMENTS WHEN APPLYING FOR JOBS. BY LEARNING TO LIVE UP TO THEIR POTENTIAL, THEY WILL GO OUT INTO THE WORLD READY TO BREAK DOWN RACIAL BARRIERS IN MANY PROFESSIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YO ART WORKS AT ELEVEN PUBLIC SCHOOLS (MOSTLY TITLE 1) IN-CLASS TIME APPROXIMATELY 20 CLASSES PER SCHOOL WEEK INSTRUCTING 4TH- 8TH GRADERS SKILLS IN STEAM (SCIENCE, TECHNOLOGY, ENGINEERING, ARTS AND MATHEMATICS) RELATED COURSES AND ALSO TWO SUMMER PROGRAMS. PRESENTLY YO ART IS IMPACTING 1000 PLUS STUDENTS PER SCHOOL YEAR IN SUBJECTS RANGING FROM DIGITAL FASHION DESIGN, CODING, ADOBE PHOTO SHOP, BASIC INDUSTRIAL DESIGN, PHOTOGRAPHY, AND FILM MAKING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Kelly Board Member | Trustee | 1 | $0 |
Elizabeth Nicholson Board Member | Trustee | 1 | $0 |
Lori Bate President | Officer | 1 | $0 |
Eliot Tuckerman Vice President | Officer | 1 | $0 |
Raymond Murray Treasurer | Officer | 1 | $0 |
Greg Colleton Executive Director | Officer | 40 | $18,659 |
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 | $69,311 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $69,311 |
| Total Program Service Revenue | $1,140 |
| Investment income | $1 |
| 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 | $70,452 |
| 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. | $49,244 |
| Compensation of current officers, directors, key employees. | $7,387 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,419 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,555 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,012 |
| Advertising and promotion | $52 |
| Office expenses | $1,531 |
| Information technology | $1,756 |
| Royalties | $0 |
| Occupancy | $1,486 |
| Travel | $683 |
| 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 | $633 |
| All other expenses | $0 |
| Total functional expenses | $65,946 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,572 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $1,219 |
| 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 | $14,791 |
| Accounts payable and accrued expenses | $5,903 |
| 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 | $5,903 |
| Net assets without donor restrictions | $8,888 |
| 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 | $14,791 |