Art 120
- Assets
- $21.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Signal Mountain, TN
- Founding
- 01/2011
- Data as of
- 12/2023
- EIN
- 27-3257167
Organization Overview
Art 120 is located in Signal Mountain, TN. The organization was established in 2011. 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. Art 120 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 12/2023, Art 120 generated $106.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $122.1k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.9%) 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
ART 120 IS A NON-PROFIT ORGANIZATION CREATED TO ENRICH CHATTANOOGA AND ITS SURROUNDING COMMUNITY THROUGH THE CREATION, EDUCATION, AND CELEBRATION OF ART.
Describe the Organization's Program Activity:
Part 3
BROUGHT ARTISTS IN FROM AROUND THE COUNTRY TO PROVIDE AN INTERACTIVE ART EXPERIENCE FOR 6,921 ELEMENTARY SCHOOL STUDENTS IN HAMILTON COUNTY THAT DO NOT HAVE AN ART PROGRAM. REACHED PEOPLE IN CHATTANOOGA WITH A FREE PUBLIC ART EVENT TO SHOWCASE STUDENT WORK ALONGSIDE PROFESSIONAL ARTISTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kate Warren Director | 40 | $24,000 | |
Michael Harrison Prsident | 5 | $0 | |
Larry Richey Treasurer | 5 | $0 | |
Oyd Longnion Board Member | 5 | $0 | |
Conrad Tengler Board Member | 5 | $0 | |
Cara Guerra Board Member | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $106,864 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $106,864 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $82,887 |
| Professional fees and other payments to independent contractors | $14,017 |
| Occupancy, rent, utilities, and maintenance | $11,816 |
| Printing, publications, postage, and shipping | $13,426 |
| Other expenses | $0 |
| Total expenses | $122,146 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $21,105 |
| Other assets | $0 |
| Total assets | $21,105 |
| Total liabilities | $0 |
| Net assets or fund balances | $21,105 |