Arte Inc
- Assets
- $398.6k
- Revenue
- $257.8k
- Investments
- $0.0
- Employees
- 37
- Location
- New Haven, CT
- Founding
- 05/2004
- Data as of
- 06/2023
- EIN
- 54-2138181
Organization Overview
Arte Inc is located in New Haven, CT. The organization was established in 2004. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, Arte Inc employed 37 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arte 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 06/2023, Arte Inc generated $257.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $213.1k during the year ending 06/2023. While expenses have increased by 8.4% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
DEVELOP AND PROMOTE LATINO ART, CULTURE & EDUCATION. YOUTH & FAMILY PROGRAMS, SCHOLARSHIPS, CULTURAL EVENTS, EXHIBITS & ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ARTE SERVED OVER 2800 YOUTH AND FAMILIES IN THE COMMUNITY WITH EDUCATIONAL, ENRICHMENT, CULTURAL, AND ARTS PROGRAMMING. PROGRAMS TOOK PLACE YEAR-ROUND AND INCLUDE ASAP (AFTER-SCHOOL ACTIVITIES PROGRAMS), ASA (SATURDAY ACADEMY), SUMMER OF FUN FAMILY PROGRAMS, AND SCIENCE WORKSHOPS. CULTURAL PROGRAMS AND EVENTS INCLUDED HISPANIC HERITAGE MONTH, VISITING ARTISTS, SPEAKERS, PERFORMANCES, AND HOSTING NHPS STUDENT ART EXHIBIT. ARTE HOSTED EVENTS IN SCHOOLS AND THE ATWATER SENIOR CENTER. TEACHERS, INSTRUCTORS, AND PRESENTERS ARE EMPLOYED TO EXECUTE PROGRAMS. ACCOMPLISHED HIGH SCHOOL AND COLLEGE STUDENTS ARE HIRED AS INSTRUCTORS AND HELPERS. ARTE MENTORS THESE YOUTH AND DEVELOPS THEIR SKILLS. ARTE PURCHASES ALL MATERIALS, INSTRUMENTS, SUPPLIES, AND SNACKS REQUIRED. ALL PROGRAMS AND EVENTS ARE FREE. ARTE'S HUMANITARIAN EFFORTS INCLUDED SECURING AND DISTRIBUTING GROCERY STORE GIFT CARDS, WINTER COATS AND WEAR, BACKPACKS, ART SUPPLIES, AND 48 BICYCLES. ARTE AWARDED $8,400 IN SCHOLARSHIPS, BRINGING THE TOTAL TO $116,600 SINCE 2004.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Diaz Chairman | OfficerTrustee | 1 | $0 |
Aida Casanova Vice Chairperson | OfficerTrustee | 1 | $0 |
Myrna Rosa Secretary | OfficerTrustee | 1 | $0 |
Lissette Andino Treasurer | OfficerTrustee | 1 | $0 |
Richard Stephen Board Member | Trustee | 1 | $0 |
Luiz Casanova Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $72,455 |
| All other contributions, gifts, grants, and similar amounts not included above | $85,479 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $157,934 |
| Total Program Service Revenue | $99,836 |
| Investment income | $57 |
| 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 | $257,827 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,865 |
| 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. | $79,552 |
| Compensation of current officers, directors, key employees. | $11,933 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $54,583 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,584 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,176 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,420 |
| Advertising and promotion | $1,296 |
| Office expenses | $324 |
| Information technology | $1,607 |
| Royalties | $0 |
| Occupancy | $1,452 |
| Travel | $452 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,510 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $419 |
| Insurance | $5,073 |
| All other expenses | $591 |
| Total functional expenses | $213,123 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,540 |
| Savings and temporary cash investments | $324,131 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,700 |
| 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 | $2,257 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $398,628 |
| Accounts payable and accrued expenses | $3,075 |
| 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 | $3,075 |
| Net assets without donor restrictions | $395,553 |
| 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 | $398,628 |