Griot Arts Inc
- Assets
- $365.0k
- Revenue
- $633.5k
- Investments
- $0.0
- Employees
- 20
- Location
- Clarksdale, MS
- Founding
- 09/2011
- Data as of
- 07/2021
- EIN
- 45-1838783
Organization Overview
Griot Arts Inc is located in Clarksdale, MS. 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. As of 07/2021, Griot Arts Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Griot Arts 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 07/2021, Griot Arts Inc generated $633.5k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 42.0% each year . All expenses for the organization totaled $580.4k during the year ending 07/2021. While expenses have increased by 28.7% per year over the past 5 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF GRIOT ARTS, INC. IS TO CREATE A COMMUNITY OF STUDENTS, TEACHERS AND VOLUNTEERS WHO WORK TOGETHER TO ENCOURAGE CREATIVITY IN ORDER TO ENHANCE LIVES, NEIGHBORHOODS AND COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRIOT ARTS INC. PRIMARY PROGRAM IS THE GRIOT YOUTH PROGRAM AND MINT PROGRAM FOR UNDERPRIVLEDGED KIDS IN CLARKSDALE. MONDAY - THURSDAY, THE PROGRAM OFFERS CLASSES IN THE ARTS, ACADEMIC TUTORING AND A MENTORING PROGRAM.
GRIOT ARTS, INC. TWO YEAR MERAKI PROGRAM IS TO TRAIN YOUN ADULTS (17-25) WHO ARE NOT ATTENDING SCHOOL AND HAVE NOT BEEN ABLE TO FIND A JOB. PARTICIPANTS AGREE TO ATTEND CLASSES AND MEET WITH A MENTOR WHILE GETTING HANDS-ON JOB SKILLS. THEY WILL BE PAID FOR HOURS WORKED AND AFTER COMPLETING THE TWO YEAR PROGRAM THEY WILL BE AIDED IN SECURING A PERMANENT JOB.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Liberty Lee Treasurer | OfficerTrustee | 1 | $0 |
Lois Mcmurchy President | OfficerTrustee | 1 | $0 |
Brenda Luckett Secretary | OfficerTrustee | 1 | $0 |
Emily Cooper Director | Trustee | 1 | $0 |
Hattie Shivers Director | Trustee | 1 | $0 |
Cali Noland Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $875 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $51,400 |
| All other contributions, gifts, grants, and similar amounts not included above | $372,067 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $424,342 |
| Total Program Service Revenue | $169,392 |
| Investment income | $414 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $39,394 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $633,542 |
| 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 | $272,394 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,011 |
| Payroll taxes | $21,683 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,607 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,138 |
| Advertising and promotion | $3,785 |
| Office expenses | $3,452 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $30,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,581 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,351 |
| Insurance | $6,061 |
| All other expenses | $20,099 |
| Total functional expenses | $580,420 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $217,611 |
| 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 | $147,362 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $364,973 |
| Accounts payable and accrued expenses | $16,374 |
| 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 | $7,771 |
| Other liabilities | $0 |
| Total liabilities | $24,145 |
| Net assets without donor restrictions | $340,828 |
| 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 | $364,973 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Griot Arts Inc has recieved totaling $44,934.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Northwest Mississippi Inc Hernando, MS PURPOSE: CARES ACT-COVID RELIEF | $30,902 |
Community Foundation Of East Central Illinois Champaign, IL PURPOSE: GENERAL SUPPORT | $11,000 |
Pinkerton Foundation New York, NY PURPOSE: STAFF DISCRETIONARY | $2,000 |
Flowers Foundation Inc Tunica, MS PURPOSE: CHARITABLE | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $282 |
Younger Foundation Marks, MS PURPOSE: SUPPORT OF CHARITABLE OPERATIONS | $250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Young Audiences Of Louisiana Inc New Orleans, LA | $2,693,862 | $4,571,020 |
Arrowmont School Of Arts And Crafts Gatlinburg, TN | $53,053,900 | $4,804,249 |
Us Biennial Inc New Orleans, LA | $1,914,538 | $2,330,262 |
Community Works Of Louisiana New Orleans, LA | $370,788 | $1,210,221 |
School Of Design New Orleans, LA | $1,895,558 | $1,072,625 |
Youth Oasis Baton Rouge, LA | $394,453 | $1,019,110 |
Fort Smith Art Center Inc Fort Smith, AR | $4,977,849 | $1,507,880 |
W O Smith Nashville Community Music School Nashville, TN | $5,939,533 | $597,362 |
Nashville Jazz Workshop Nashville, TN | $769,097 | $840,558 |
New Orleans Academy Of Fine Arts Ltd New Orleans, LA | $2,537,424 | $1,683,829 |
Shelby County Arts Council Columbiana, AL | $1,789,362 | $840,544 |
Griot Arts Inc Clarksdale, MS | $364,973 | $633,542 |