Artesia Arts Council Inc
- Assets
- $4.2m
- Revenue
- $52.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Artesia, NM
- Founding
- 06/1975
- Data as of
- 06/2021
- EIN
- 51-0140418
Organization Overview
Artesia Arts Council Inc is located in Artesia, NM. The organization was established in 1975. According to its NTEE Classification (A26) the organization is classified as: Arts & Humanities Councils & Agencies, 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. Artesia Arts Council 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 06/2021, Artesia Arts Council Inc generated $52.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (28.2%) each year. All expenses for the organization totaled $75.9k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (28.9%) per year over the past 7 years. 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
ARTESIA ARTS COUNCIL DEVELOPS AND PROMOTES COMMUNITY INTEREST IN THE ARTS AND ENRICHES LIFE IN SOUTHEASTERN NEW MEXICO THROUGH PROFESSIONAL ARTIST CONCERTS, FINE ARTS CLASSES, PERFORMING ARTS CLASSES, AND ART GALLERIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ARTESIA ARTS COUNCIL EDUCATION PROGRAM OFFERS A MIXTURE OF PRIVATE/GROUP ART AND PERSONAL DEVELOPMENT LESSONS, AND WORKSHOPS. DURING THE TWO MONTHS THAT MADE UP THIS SHORT PERIOD OF 05/01/21 THROUGH 06/30/21, THE ORGANIZATION HOSTED A MOVIE PREMIER, WHICH HAD 100 PATRONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chad Larue President | OfficerTrustee | 5 | $0 |
Kelly Speckhart Secretary | OfficerTrustee | 5 | $0 |
Reid Edwards Treasurer | OfficerTrustee | 5 | $0 |
Kandese Green Direrctor Of Operations | Officer | 40 | $0 |
Tao Chumbley Director | Trustee | 5 | $0 |
Anne Hollinger Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $100 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $50,663 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $50,763 |
| Total Program Service Revenue | $1,465 |
| Investment income | $2 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $660 |
| 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 | $52,890 |
| 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. | $10,538 |
| Compensation of current officers, directors, key employees. | $6,322 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $814 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,825 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,237 |
| Advertising and promotion | $3,300 |
| Office expenses | $1,472 |
| Information technology | $2,319 |
| Royalties | $0 |
| Occupancy | $6,112 |
| Travel | $0 |
| 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 | $25,678 |
| Insurance | $0 |
| All other expenses | $566 |
| Total functional expenses | $75,861 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $182 |
| Savings and temporary cash investments | $6,301 |
| 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 | $28,830 |
| Net Land, buildings, and equipment | $4,144,030 |
| Investments—publicly traded securities | $40,084 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,219,427 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $4,161,938 |
| Net assets with donor restrictions | $57,489 |
| 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 | $4,219,427 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Artesia Arts Council Inc has recieved totaling $11,461.
| Awarding Organization | Amount |
|---|---|
Frank W Yates Jr Family Foundation Santa Fe, NM PURPOSE: DONATION | $8,000 |
Written In Red Inc Artesia, NM PURPOSE: GRANT | $3,461 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Scottsdale Cultural Council Scottsdale, AZ | $11,025,722 | $9,457,681 |
Western States Arts Federation Denver, CO | $9,116,686 | $6,773,845 |
Arts Council Of Oklahoma City Oklahoma City, OK | $5,417,646 | $3,471,903 |
Arts Foundation For Tucson And Southern Arizona Tucson, AZ | $962,823 | $2,764,591 |
Arts And Humanities Council Of Tulsa Inc Tulsa, OK | $13,547,923 | $1,595,922 |
Loveland High Plains Arts Council Inc Loveland, CO | $824,395 | $2,062,390 |
Salt Lake Arts Council Foundation Salt Lake City, UT | $1,578,268 | $2,133,751 |
Civic Lubbock Inc Lubbock, TX | $2,399,838 | $1,804,264 |
Artpace Inc San Antonio, TX | $4,747,624 | $2,060,315 |
Rockport Art Association Inc Rockport, TX | $13,512,318 | $1,924,520 |
Odessa Council For The Arts & Humanities Odessa, TX | $326,485 | $1,125,554 |
Arts Council Of Brazos Valley College Station, TX | $3,578,348 | $837,601 |