Artsbank Inc
- Assets
- $54.6k
- Revenue
- $217.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Elkins, WV
- Founding
- 03/2002
- Data as of
- 06/2016
- EIN
- 55-0783423
Organization Overview
Artsbank Inc is located in Elkins, WV. The organization was established in 2002. According to its NTEE Classification (A25) the organization is classified as: Arts Education, 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. Artsbank Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2016
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HANDS-ON ART EXPERIENCES FOR ELEMENTARY STUDENTS IN RANDOLPH COUNTY, WV.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE ARTS EDUCATION AS DETERMINED IN CONJUNCTION WITH THE RANDOLPH COUNTY BOARD OF EDUCATION.
RAISE AWARENESS AND GATHER PUBLIC SUPPORT OF OUR CAUSE THROUGH AN ANNUAL PUBLIC EVENT, ARTSBANK AUCTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mildred Scottie Wiest President | Officer | 0.25 | $0 |
Pat Schoonover Vice President | Officer | 0.25 | $0 |
Rachel Montgomery Treasurer | Officer | 0.25 | $0 |
Kadra Casseday Secretary | Officer | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $118,779 |
| 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 | $18,940 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $217,719 |
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $169,519 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $774 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,860 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $440 |
| Travel | $251 |
| 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 | $0 |
| Insurance | $4,450 |
| All other expenses | $0 |
| Total functional expenses | $187,104 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,607 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $54,607 |
| 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 | $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 | $54,607 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Artsbank Inc has recieved totaling $10,176.
| Awarding Organization | Amount |
|---|---|
Myles Fam Foundation Tr Elkins, WV PURPOSE: CHARITABLE | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $176 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Franklin Institute Philadelphia, PA | $191,202,786 | $32,040,912 |
Arts For Learning Maryland Inc Baltimore, MD | $6,641,105 | $9,137,823 |
Global Disciples Lancaster, PA | $4,481,434 | $6,431,035 |
Baltimore School For The Arts Fdn Inc Baltimore, MD | $22,453,780 | $3,552,392 |
The Metropolitan Center For The Visual Arts Inc Rockville, MD | $1,589,727 | $2,983,675 |
Graham Gund Gallery Gambier, OH | $8,250,705 | $4,357,194 |
International Public Management Association For Human Resources Alexandria, VA | $3,795,401 | $2,711,747 |
Caring Communities For Aids Wilkes Barre, PA | $1,533,545 | $2,739,121 |
Art Opportunities Inc Cincinnati, OH | $2,054,110 | $2,614,332 |
Samuel S Fleisher Art Memorial Inc Philadelphia, PA | $22,590,929 | $2,413,309 |
Philadelphia Arts In Education Partnership Philadelphia, PA | $1,201,357 | $1,737,170 |
Yocum Institute For Arts Education Inc West Lawn, PA | $15,531,722 | $1,674,179 |