Art Explorium
- Assets
- $104.3k
- Revenue
- $80.7k
- Investments
- $0.0
- Employees
- 6
- Location
- Honolulu, HI
- Founding
- 02/2013
- Data as of
- 03/2022
- EIN
- 45-2910072
Organization Overview
Art Explorium is located in Honolulu, HI. 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. As of 03/2022, Art Explorium employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Art Explorium 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 03/2022, Art Explorium generated $80.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (15.2%) each year. All expenses for the organization totaled $37.8k during the year ending 03/2022. As we would expect to see with falling revenues, expenses have declined by (25.8%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
ART EXPLORIUM OFFERS THE FOLLOWING SERVICES: OPEN STUDIO ART ACTIVITIES, ON-SITE SCHOOL FIELD TRIPS, BIRTHDAY ART PARTIES, ART WORKSHOPS, ART CAMPS, AND COMMUNITY AND OUTREACH EVENTS. DUE TO THE CORONA VIRUS PANDEMIC, THE ART STUDIO WAS CLOSED AND ART EXPLORIUM FOCUSED ON CREATING AND SHARING ONLINE ART VIDEO TUTORIALS AND EARTH-FRIENDLY ART LESSON PLANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Taiji Terasaki Pres/treas/d | 2 | $0 | |
Nathan Smith Vice President/d | 2 | $0 | |
Michael Watanabe Secretary/d | 2 | $0 | |
Naoko Terasaki Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $80,025 |
| Interest on Savings | $1 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $627 |
| Total Revenue | $80,653 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $3,750 |
| Other employee salaries and wages | $1,754 |
| Pension plans, employee benefits | $0 |
| Interest | $24 |
| Taxes | $595 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $22,257 |
| Total operating and administrative expenses | $37,768 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $37,768 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,973 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $49,362 |
| Total assets | $104,335 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Art Explorium has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Taiji And Naoko Terasaki Family Foundation Honolulu, HI PURPOSE: GENERAL SUPPORT | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Glaziers Architectural Metal & Glass Workers Local Union 1399 Hea Covina, CA | $12,022,551 | $5,262,157 |
Social And Public Art Resource Center Venice, CA | $5,398,489 | $1,298,270 |
Modern Quilt Guild Inc Los Angeles, CA | $471,322 | $1,206,669 |
Catchlight San Francisco, CA | $2,559,579 | $3,095,707 |
Self-Help Graphics And Arts Inc Los Angeles, CA | $7,358,688 | $2,282,621 |
California Anime Foundation Granada Hills, CA | $325,204 | $1,412,708 |
Bay Area Glass Institute Inc San Jose, CA | $1,447,752 | $1,103,523 |
Hui Noeau Makawao, HI | $6,399,050 | $1,181,820 |
American Society Of Media Photographers Inc San Francisco, CA | $534,568 | $1,162,030 |
Root Division San Francisco, CA | $969,223 | $883,957 |
San Luis Obispo Museum Of Art San Luis Obispo, CA | $945,969 | $756,916 |
Mendocino Art Center Inc Mendocino, CA | $1,166,158 | $822,817 |