Arte Inc
- Assets
- $258.2k
- Revenue
- $281.6k
- Investments
- $0.0
- Employees
- 40
- Location
- New Haven, CT
- Founding
- 05/2004
- Data as of
- 06/2021
- 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 06/2021, Arte Inc employed 40 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 06/2021, Arte Inc generated $281.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.9% each year . All expenses for the organization totaled $203.1k during the year ending 06/2021. While expenses have increased by 9.0% 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
2021
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 2700 PERSONS IN THE COMMUNITY THROUGH ITS EDUCATIONAL, CULTURAL AND ARTS PROGRAMS FOR INNER-CITY AND UNDER-SERVED YOUTH. THESE PROGRAMS TOOK PLACE DURING THE SCHOOL YEAR AND SUMMER. A TOTAL OF TWENTY THREE DIFFERENT AFTER-SCHOOL PROGRAMS TOOK PLACE. SATURDAY ARTS ACADEMY, AND MULTIPLE FAMILY SUMMER PROGRAMS. ARTE OFFER MULTIPLE VIRTUAL PROGRAMS FOR HISPANIC HERITAGE. ARTE PAID FOR THE INSTRUCTORS AND ALL OF THE SUPPLIES. ARTE HIRED YOUTH TO WORK AS INSTRUCTORS FOR THE SATURDAY ACADEMY AND STUDENT HELPERS FOR THE PROGRAMS. ARTE RUNS CULTURAL PROGRAMS AND EVENTS YEAR ROUND. THESE EVENTS AND ACTIVITIES INCLUDED ART CONTEST, COOKING DEMO, COVID-19 TALKS, FAMILY SCIENCE WORKSHOPS, FILM FESTIVAL AS WELL AS CLASSES, AND WORKSHOPS. AFTER THE SHUTDOWN ARTE PILOTED VIRTUAL PROGRAMS TO CONTINUE OFFERING ACTIVITIES TO YOUTH. IN RESPONSE TO COVID-19 ARTE SECURED FUNDING AND DONATIONS TO DISTRIBUTE GORCERY STORE GIFT CARDS, PURCHASED FOOD FOR LOCAL FOOD PANTRY, GAVE AWAY 200 WINTER COATS, BAKED AND DELIVERED 500 COOKIES TO FAMILIES WITH ENCOURAGING NOTES, AND GIFTED 30 DONATED BICYCLES, ARTE ALSO AWARDED ANOTHER $7,300 SCHOLARSHIPS AGAIN THIS YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Greco Executive Director | Officer | 60 | $61,797 |
Myrna Rosa Secretary | OfficerTrustee | 1 | $0 |
Aida Casanova Vice Chairperson | OfficerTrustee | 1 | $0 |
Daniel Diaz Chairman | OfficerTrustee | 1 | $0 |
Lissette Andino Treasurer | OfficerTrustee | 1 | $0 |
Abie Benitez Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $173,357 |
| 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 | $281,557 |
| Statement of Expenses | |
|---|---|
| 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. | $71,797 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $57,716 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,982 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,525 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,600 |
| Advertising and promotion | $1,699 |
| Office expenses | $757 |
| Information technology | $2,018 |
| Royalties | $0 |
| Occupancy | $1,358 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $53 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $199 |
| Insurance | $3,322 |
| All other expenses | $0 |
| Total functional expenses | $203,100 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $229,042 |
| Savings and temporary cash investments | $24,560 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,600 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $258,188 |
| Accounts payable and accrued expenses | $4,287 |
| 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 | $4,287 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $253,901 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Arte Inc has recieved totaling $15,150.
| Awarding Organization | Amount |
|---|---|
Yale University New Haven, CT PURPOSE: CHARITABLE CONTRIBUTION AND COMMUNITY SUPPORT | $15,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $50 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $50 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $50 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Epoch Times Association Inc New York, NY | $35,086,092 | $121,545,102 |
The American Ireland Fund Boston, MA | $28,715,910 | $22,675,949 |
Japan Society Inc New York, NY | $91,776,832 | $10,515,982 |
French Institute-Alliance Francaise New York, NY | $24,965,114 | $8,095,199 |
Center For Jewish History Inc New York, NY | $52,466,984 | $9,804,079 |
National Yiddish Book Center Inc Amherst, MA | $63,979,400 | $12,290,218 |
Hispanic Society Of America New York, NY | $100,790,486 | $5,124,176 |
Columbus Citizens Foundation Inc New York, NY | $32,932,983 | $6,043,809 |
Swiss Institute New York, NY | $5,483,468 | $4,486,430 |
The Workmens Circle Arbeter Ring Incorporated New York, NY | $40,155,204 | $3,248,855 |
An Claidheamh Soluis Inc New York, NY | $72,072,476 | $13,153,865 |
Circle Lodge-Camp Kinder Ring Of The Workmens Circle Incorporated Hopewell Junction, NY | $6,012,413 | $4,542,835 |