Art Papers Inc
- Assets
- $150.3k
- Revenue
- $354.7k
- Investments
- $0.0
- Employees
- 4
- Location
- Atlanta, GA
- Founding
- 10/1980
- Data as of
- 12/2021
- EIN
- 58-1404850
Organization Overview
Art Papers Inc is located in Atlanta, GA. The organization was established in 1980. According to its NTEE Classification (A33) the organization is classified as: Printing & Publishing, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Art Papers Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Art Papers 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 12/2021, Art Papers Inc generated $354.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.7%) each year. All expenses for the organization totaled $426.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.3%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ATLANTA-BASED AND GLOBALLY ENGAGED, ART PAPERS SERVES THE CREATIVE COMMUNITY AND THE CULTURALLY CURIOUS BY EXPANDING THE DIALOGUE AROUND CONTEMPORARY ART AND CULTURE, EXPLORING THE WAYS THEY AFFECT AND REFLECT HUMAN EXPERIENCE. WE DO THIS IN PRINT, ONLINE, AND THROUGH PUBLIC PROGRAMMING.
Describe the Organization's Program Activity:
PUBLICATION OF ART PAPERS MAGAZINE, AN AWARD-WINNING CONTEMPORARY ART BI- MONTHLY AND PRESENTATION OF THE COMTEMPORARY ART LECTURE SERIES "ART PAPERS LIVE"
PUBLICATION OF ART PAPERS MAGAZINE, AN AWARD-WINNING CONTEMPORARY ART BI- MONTHLY AND PRESENTATION OF THE COMTEMPORARY ART LECTURE SERIES "ART PAPERS LIVE"
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Teresa Burk Secretary | OfficerTrustee | 4 | $0 |
William Muller President | OfficerTrustee | 4 | $0 |
Christine C Phelps Vice Preside | OfficerTrustee | 4 | $0 |
Chris Watkins Treasurer | OfficerTrustee | 4 | $0 |
Gina Bates Board Member | Trustee | 2 | $0 |
Debbie Michaud Bergeron Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $30,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $112,578 |
| Noncash contributions included in lines 1a–1f | $43,082 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $143,078 |
| Total Program Service Revenue | $75,467 |
| Investment income | $46 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $91,810 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $354,741 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $177,099 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $25,289 |
| Payroll taxes | $13,785 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,082 |
| Fees for services: Accounting | $9,257 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $28,540 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,030 |
| Travel | $93 |
| 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 | $2,621 |
| Insurance | $3,985 |
| All other expenses | $24,159 |
| Total functional expenses | $426,720 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $89,026 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $58,593 |
| 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 | $1,967 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $702 |
| Total assets | $150,288 |
| Accounts payable and accrued expenses | $31,293 |
| Grants payable | $0 |
| Deferred revenue | $81,211 |
| 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 | $112,504 |
| Net assets without donor restrictions | $37,784 |
| 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 | $150,288 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Art Papers Inc has recieved totaling $140,500.
| Awarding Organization | Amount |
|---|---|
The Andy Warhol Foundation For The Visual Arts Inc New York, NY PURPOSE: PROGRAM SUPPORT (OVER 2 YEARS) | $50,000 |
The Andy Warhol Foundation For The Visual Arts Inc New York, NY PURPOSE: PROGRAM SUPPORT (OVER 2 YEARS) | $50,000 |
Wish Foundation Inc Atlanta, GA PURPOSE: FINANCIAL SUPPORT | $25,000 |
The Homestead Foundation Inc Atlanta, GA PURPOSE: GENERAL OPERATING SUPPORT | $15,000 |
Jenbek Foundation Appleton, WI PURPOSE: GENERAL SUPPORT | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of North Carolina Press Chapel Hill, NC | $43,092,371 | $7,489,638 |
Times Publishing Company Employee Benefit Trust Orlando, FL | $10,150 | $3,080,281 |
The Sun Publishing Company Chapel Hill, NC | $3,426,472 | $3,162,673 |
Randall House Publications Of The National Assn Of Free Will Baptist Nashville, TN | $2,277,903 | $2,957,319 |
Walls Newspapers Consultants Employees Medical Plan Trust Birmingham, AL | $262,087 | $1,254,361 |
Embrace Africa Bonaire, GA | -$42,571 | $990,943 |
American Board Of Quality Assurance Utilization Review Physicians Inc New Port Richey, FL | $4,461,910 | $1,515,886 |
Humanitarians Of Florida Inc Inverness, FL | $1,124,050 | $1,076,165 |
Southern Newspaper Publishers Association Lawrenceville, GA | $0 | $333,271 |
The Red & Black Publishing Company Inc Athens, GA | $4,644,249 | $519,504 |
Apologetics Press Incorporated Montgomery, AL | $1,709,297 | $1,250,838 |
Vox Teen Communications Inc Atlanta, GA | $347,910 | $636,410 |