Artists For World Peace Inc
- Assets
- $159.4k
- Revenue
- $455.9k
- Investments
- $0.0
- Employees
- 2
- Location
- Middletown, CT
- Founding
- 04/2004
- Data as of
- 12/2023
- EIN
- 57-1184659
Organization Overview
Artists For World Peace Inc is located in Middletown, CT. The organization was established in 2004. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Artists For World Peace Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Artists For World Peace 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 12/2023, Artists For World Peace Inc generated $455.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.0%) each year. All expenses for the organization totaled $484.1k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (6.1%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE OPPORTUNITIES FOR ARTISTIC EXPRESSION THAT FOSTERS WORLD PEACE AND RAISE FUNDS TO BENEFIT HUMANITARIAN CAUSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wendy Black-Nasta President | Officer | 40 | $45,909 |
Robert Nasta Treasurer | Officer | 40 | $32,500 |
Katherine Lambert Member | Trustee | 1 | $0 |
Liviu Vogel Member | Trustee | 1 | $0 |
Sam Samuelson Member | Trustee | 0 | $0 |
Mason Smith Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $15,736 |
| Related organizations | $0 |
| Government grants | $23,772 |
| All other contributions, gifts, grants, and similar amounts not included above | $268,617 |
| Noncash contributions included in lines 1a–1f | $159,784 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $308,125 |
| Total Program Service Revenue | $145,721 |
| Investment income | $2,054 |
| 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 | $455,900 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,802 |
| 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. | $78,409 |
| Compensation of current officers, directors, key employees. | $39,204 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,998 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,541 |
| Fees for services: Accounting | $850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,649 |
| Office expenses | $5,325 |
| Information technology | $5,912 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,663 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,673 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $910 |
| All other expenses | $0 |
| Total functional expenses | $484,085 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,357 |
| Savings and temporary cash investments | $83,891 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $72,116 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $159,364 |
| 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 | $159,364 |
| 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 | $159,364 |
Grants Awarded
Over the last fiscal year, Artists For World Peace Inc has awarded $298,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FIBUSPAM PURPOSE: IMPROVED VISION | $98,000 |
MASSACHUSETTS COLLEGE OFPHARMACY AND HEALTH SCIENCES PURPOSE: IMPROVED VISION | $200,000 |