Poverty And The Arts
- Assets
- $153.4k
- Revenue
- $218.1k
- Investments
- $0.0
- Employees
- 4
- Location
- Nashville, TN
- Founding
- 07/2014
- Data as of
- 06/2022
- EIN
- 46-3699416
Organization Overview
Poverty And The Arts, operating under the name Fka Poverty And The Arts, is located in Nashville, TN. The organization was established in 2014. According to its NTEE Classification (B01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Education and related organizations. As of 06/2022, Fka Poverty And The Arts employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fka Poverty And The Arts 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, Fka Poverty And The Arts generated $218.1k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 24.8% each year . All expenses for the organization totaled $161.8k during the year ending 06/2022. While expenses have increased by 16.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO EQUIP PEOPLE IMPACTED BY HOMELESSNESS WITH THE CREATIVE RESOURCES, TRAINING & MARKETPLACE
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANY INDIVIDUALS EXPERIENCING HOMELESSNESS HAVE DIFFICULTY OBTAINING AND MAINTAINING HOUSING DUE TO BARRIERS TO TRADITIONAL EMPLOYMENT LIKE PHYSICAL AND INTELLECTUAL DISABILITIES, MENTAL ILLNESS, DOMESTIC ABUSE AND TRAUMA, INCARCERATION, AND MORE. OUR ARTIST COLLECTIVE PROGRAM IMPACTS HISTORICALLY EXCLUDED AND LOW-INCOME ARTISTS BY DEVELOPING THEIR ENTREPRENEURIAL SKILLS AND INCREASING ACCESSIBILITY TO ARTISTIC AND NON-TRADITIONAL FORMS OF EMPLOYMENT. WE PROVIDE ACCESS TO A FREE STUDIO SPACE, ART SUPPLIES, EXHIBITION OPPORTUNITIES, EDUCATIONAL WORKSHOPS, AND TRANSPORTATION. OUR TAILORED AND TRAUMA-INFORMED APPROACH ALLOWS PARTICIPANTS TO INCREASE ECONOMIC MOBILITY BY PRODUCING MARKETABLE ART, GAINING SKILLS, BUILDING RELATIONSHIPS, AND EARNING INCOME THROUGH CREATIVE ENDEAVORS. THE ARTISTS WE SERVE ARE CURRENTLY OR FORMERLY UNHOUSED ADULTS WITH AN ARTISTIC BACKGROUND OR PASSION AND SHARE A VARIETY OF INTERSECTING UNDERREPRESENTED IDENTITIES INCLUDING DIFFERENT GENDER ORIENTATIONS, DISABILITIES, RACES/ NATIONALITIES, EDUCATION LEVELS, RELIGIONS, AND MORE. SINCE 2014, WE'VE SERVED AROUND 120 ARTISTS IMPACTED BY HOMELESSNESS AND PAID OUT OVER $70,000 TO ARTISTS FROM ART SALES, REPRODUCTIONS, PERFORMANCES, TEACHING ARTIST STIPENDS, AND INTELLECTUAL PROPERTY LICENSES. THIS INCOME HAS ALLOWED OUR ARTISTS TO PURCHASE NECESSITIES (E.G. RENT, GROCERIES, UTILITIES), INVEST IN THEIR CAREERS BY PURCHASING ART SUPPLIES AND WORKSHOPS, AND ENHANCE THEIR QUALITY OF LIFE BY INVESTING IN THEIR EMOTIONAL AND PERSONAL SELF-CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicole Minyard Executive Director | Officer | 40 | $36,520 |
Kelsey Osemann Secretary | OfficerTrustee | 1.5 | $0 |
Mark Terrell Treasurer | OfficerTrustee | 0.5 | $0 |
Jacob F Giesecke President | OfficerTrustee | 1.5 | $0 |
Kimberly Ingram Immediate Past President | OfficerTrustee | 1.5 | $0 |
Jacqueline Tingle President-Elect | OfficerTrustee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $11,385 |
| Related organizations | $0 |
| Government grants | $111,251 |
| All other contributions, gifts, grants, and similar amounts not included above | $49,162 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $171,798 |
| Total Program Service Revenue | $25,889 |
| Investment income | $6 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $20,426 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $218,119 |
| 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. | $37,440 |
| Compensation of current officers, directors, key employees. | $9,360 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $50,628 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $722 |
| Payroll taxes | $7,509 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,782 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,600 |
| Advertising and promotion | $6,464 |
| Office expenses | $4,854 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,362 |
| Travel | $486 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,501 |
| Insurance | $3,071 |
| All other expenses | $0 |
| Total functional expenses | $161,826 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $56,383 |
| Savings and temporary cash investments | $96,012 |
| Pledges and grants receivable | $26 |
| 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 | $1,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $153,421 |
| Accounts payable and accrued expenses | $0 |
| 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 | $1,605 |
| Total liabilities | $1,605 |
| Net assets without donor restrictions | $151,816 |
| 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 | $153,421 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Poverty And The Arts has recieved totaling $10,128.
| Awarding Organization | Amount |
|---|---|
Crowther Foundation Milwaukee, WI PURPOSE: PROGRAMS FOR THE HOMELESS | $5,000 |
The Fullgraf Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $2,500 |
Carolyn Smith Foundation Gallatin, TN PURPOSE: PROVIDE CREATIVE RESOURCES FOR NEEDY | $2,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $128 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Student Clearinghouse Herndon, VA | $70,565,470 | $80,581,219 |
Virginia Early Childhood Foundation Henrico, VA | $39,759,006 | $41,199,281 |
Mecklenburg Partnership For Children Charlotte, NC | $3,360,557 | $28,062,403 |
American Indian Higher Education Consortium Alexandria, VA | $29,604,694 | $48,551,691 |
Council Of State And Territorial Epidemiologists Atlanta, GA | $7,651,256 | $20,919,000 |
Guilford County Partnership For Children Inc Greensboro, NC | $1,133,559 | $15,560,026 |
Partnership For Children Of Cumberland County Inc Fayetteville, NC | $3,851,277 | $14,252,624 |
Onslow County Partnership For Children Jacksonville, NC | $467,793 | $12,255,030 |
Durhams Partnership For Children Durham, NC | $515,182 | $10,701,897 |
Knox Co Ed Assn Frankfort, KY | $16,393,137 | $11,160,843 |
Community Partnership Of Alabama Inc Birmingham, AL | $5,781,438 | $8,059,012 |
Missouri State Teachers Association Columbia, MO | $7,515,464 | $6,786,815 |