Arts Asylum
- Assets
- $582.6k
- Revenue
- $293.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Kansas City, MO
- Founding
- 04/2013
- Data as of
- 12/2023
- EIN
- 27-3791414
Organization Overview
Arts Asylum is located in Kansas City, MO. The organization was established in 2013. 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. Arts Asylum 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, Arts Asylum generated $293.1k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $246.8k during the year ending 12/2023. While expenses have increased by 2.6% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ARTS ASYLUM WAS CREATED TO PROVIDE SPACE AND ASSISTANCE TO ARTISTS OF ALL VARIETIES. THIS IS ACCOMPLISHED THROUGH THE OFFERING OF GALLERY SPACE TO BOTH CREATE AND SHARE AT AFFORDABLE RATES, STUDIOS FOR ARTISTS, THE JAMES AND MAJORIE THEATER FOR LIVE PERFORMANCES AND EVENTS, AND ONGOING PROGRAMMING, AND ASSISTANCE FROM OUR TEAM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THEATRE PROGRAM - INCLUDES PRODUCING AND CO-PRODUCING AN ANNUAL SEASON OF PROFESSIONAL QUALITY PERFORMANCES FROM LOCAL TALENT AT ACCESSIBLE AND AFFORDABLE PRICES. IN ADDITION TO OUR OWN PRODUCTIONS, THE ARTS ASYLUM RENTS OUR FULLY-EQUIPPED THEATRE TO LOCAL COMPANIES AND ORGANIZATIONS.
OTHER ARTS ASYLUM PROGRAM RELATED ACTIVITIES
OUTREACH PROGRAMS - INCLUDES PROVIDING VISUAL ART WORKS TO THE PUBLIC GALLERIES AT THE ARTS ASYLUM'S ANNEX GALLERY AT CRAFT SAGE FINANCIAL SERVICES IN THE CROSSROADS, AT THE COMMUNITY ROOM AT PENDLETON ARTSBLOCK AND QUINLAN PLACE HOUSING DEVELOPMENTS; COORDINATING ARTS PROGRAMMING AT PENDLETON ARTSBLOCK; AND MANAGING AN OUR TOWN GRANT FROM THE NEA ("LOVE WHERE YOU LIVE") THAT IS DEVELOPING A PUBLIC ARTS PROGRAM IN KANSAS CITY'S HISTORIC NORTHEAST.
EDUCATION PROGRAM - INCLUDES PROVIDING THEATRE ARTS EDUCATION AT THE SOUTH KANSAS CITY PERFORMING ARTS ACADEMY AS PART OF THE SCHOOL'S REGULAR CURRICULUM AND CONTRACTING WITH LOCAL PROFESSIONALS AS FACULTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Megan Forbes Secretary | OfficerTrustee | 1 | $0 |
Alex Perry Chair | OfficerTrustee | 5 | $0 |
Courtney Perry Education Director | OfficerTrustee | 40 | $0 |
Evie Craig Executive Director | OfficerTrustee | 40 | $0 |
Christopher Barksdale-Burns Board Member | Trustee | 1 | $0 |
Marlena Richardson Blackman Vice Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $100,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $49,035 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $149,035 |
| Total Program Service Revenue | $140,443 |
| 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 | $3,573 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $293,051 |
| 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 | $0 |
| Fees for services: Accounting | $6,990 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $172,806 |
| Advertising and promotion | $900 |
| Office expenses | $15,562 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,445 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $428 |
| Interest | $14,210 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $34,443 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $246,784 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $124,493 |
| 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 | $458,115 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $582,608 |
| Accounts payable and accrued expenses | $12,140 |
| 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 | $500,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $512,140 |
| Net assets without donor restrictions | $70,468 |
| 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 | $582,608 |