402 Arts Collective
- Assets
- $54.3k
- Revenue
- $692.8k
- Investments
- $0.0
- Employees
- 4
- Location
- Omaha, NE
- Founding
- 07/2012
- Data as of
- 06/2022
- EIN
- 45-2527395
Organization Overview
402 Arts Collective is located in Omaha, NE. The organization was established in 2012. 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 06/2022, 402 Arts Collective employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 402 Arts Collective 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, 402 Arts Collective generated $692.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $687.0k during the year ending 06/2022. While expenses have increased by 10.7% per year over the past 7 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
CULTIVATING A VIBRANT NETWORK OF ARTISTS WHO CREATE COMMUNITY AND IMPACT CULTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CULTIVATING A VIBRANT NETWORK OF ARTISTS WHO CREATE COMMUNITY AND IMPACT CULTURE, INCLUDING MUSICAL MENTORS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ben Shaffer Member | Officer | 40 | $92,666 |
Kyle Moeller Treasurer | OfficerTrustee | 1 | $0 |
Niel Nielson Vice Chairman | OfficerTrustee | 1 | $0 |
James Shaffer Chairman | OfficerTrustee | 1 | $0 |
Jason Ackland Member | Trustee | 1 | $0 |
Tom Teckmeyer Member | Trustee | 1 | $0 |
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 | $209,645 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $209,645 |
| Total Program Service Revenue | $483,149 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $692,794 |
| 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. | $92,666 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $42,321 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,050 |
| Payroll taxes | $10,327 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,066 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,580 |
| Office expenses | $50,304 |
| Information technology | $3,235 |
| Royalties | $0 |
| Occupancy | $96,677 |
| Travel | $47 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,985 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,942 |
| Insurance | $10,508 |
| All other expenses | $349,315 |
| Total functional expenses | $687,023 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,625 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $104 |
| 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 | $5,566 |
| Net Land, buildings, and equipment | $35,007 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $54,302 |
| Accounts payable and accrued expenses | $17,884 |
| 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 | $27,572 |
| Total liabilities | $45,456 |
| Net assets without donor restrictions | $8,846 |
| 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 | $54,302 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that 402 Arts Collective has recieved totaling $22.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $22 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Anderson Ranch Arts Foundation Snowmass Village, CO | $19,349,000 | $7,444,141 |
Foundation For Lincoln Public Schools Lincoln, NE | $17,002,214 | $4,527,343 |
Art Students League Of Denver Denver, CO | $2,150,049 | $2,289,374 |
Tara Institute Of The Performing Arts Incorporated Boulder, CO | $2,762,734 | $2,020,459 |
Ah Haa School For The Arts Telluride, CO | $12,435,871 | $2,343,816 |
Friends Of The Denver School Of The Arts Denver, CO | $562,706 | $840,034 |
The Arts Campus At Willits Basalt, CO | $8,653,931 | $2,059,317 |
Global Livingston Institute Denver, CO | $1,078,528 | $1,092,204 |
Creative Adventure Lab Inc Dubuque, IA | $790,548 | $976,399 |
Think 360 Arts For Learning Inc Denver, CO | $645,307 | $859,165 |
Cottonwood Artists School Colorado Springs, CO | $1,046,085 | $1,010,192 |
402 Arts Collective Omaha, NE | $54,302 | $692,794 |