Artesmiami Inc
- Assets
- $852.7k
- Revenue
- $258.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Pinecrest, FL
- Founding
- 04/1996
- Data as of
- 12/2021
- EIN
- 65-0610039
Organization Overview
Artesmiami Inc is located in Pinecrest, FL. The organization was established in 1996. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Artesmiami 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, Artesmiami Inc generated $258.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 33.8% each year . All expenses for the organization totaled $68.1k during the year ending 12/2021. While expenses have increased by 4.4% 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
THE ORGANIZATION SUPPORTS AND PROMOTES HISPANIC ARTISTS AND CULTURAL ORGANIZATIONS IN ORDER TO CONTRIBUTE TO THE CULTURAL DEVELOPMENT OF SOUTH FLORIDA. ARTESMIAMI ALSO CONTRIBUTES TO THE CULTURAL DEVELOPMENT OF SOUTH FLORIDA AND OTHER REGIONS AS ARTISTIC AND CULTURAL CENTERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
POETRY READING, POETRY BOOK SALES, ART AND CULTURAL EXHIBITIONS, CULTURAL LEADER RECOGNITION PROGRAM AND PROMOTION. SUPPORT OF ART PROGRAMS, ART EXHIBITIONS, CONCERTS, FILM MAKING, ETC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aida T Levitan President/se | OfficerTrustee | 10 | $0 |
Angel Castillo Jr Director | Trustee | $0 | |
Stella Holmes Director | Trustee | $0 | |
Herbert Levin Director | Trustee | $0 | |
Maria Bechily Director | Trustee | $0 | |
Carlos Modia Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $175,326 |
| Noncash contributions included in lines 1a–1f | $150,430 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $175,326 |
| Total Program Service Revenue | $0 |
| Investment income | $3,640 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $79,043 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $258,009 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $11,174 |
| Grants and other assistance to domestic individuals. | $6,000 |
| 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 | $0 |
| 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 | $2,892 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,318 |
| Advertising and promotion | $0 |
| Office expenses | $145 |
| Information technology | $1,364 |
| Royalties | $0 |
| Occupancy | $17,440 |
| Travel | $0 |
| 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 | $39 |
| Insurance | $0 |
| All other expenses | $1,904 |
| Total functional expenses | $68,108 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $104,213 |
| Savings and temporary cash investments | $40,063 |
| Pledges and grants receivable | -$75 |
| 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 | $543 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $707,994 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $852,738 |
| Accounts payable and accrued expenses | $30,768 |
| 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 | $30,768 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $821,970 |
| Total liabilities and net assets/fund balances | $852,738 |
Grants Awarded
Over the last fiscal year, Artesmiami Inc has awarded $29,101 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Miami, FL PURPOSE: To support arts programs | $11,601 |
LIBRA LIBRA SAGITARIO LLC PURPOSE: Documentary film Hispanic Celebrity | $10,000 |
Miami, FL PURPOSE: To support activities & exhibitions | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Shearim Corp Miami, FL | $110,292 | $3,846,481 |
New Era Culture & Education Center Inc Miramar, FL | $789,322 | $2,032,523 |
Latino Leadership Inc Orlando, FL | $711,924 | $1,637,613 |
Souls Grown Deep Community Partnership Inc Atlanta, GA | $880,696 | $744,221 |
National Black Arts Festival Inc Atlanta, GA | $1,026,989 | $1,260,210 |
Florida Education Association Altamonte Springs, FL | $560,283 | $488,881 |
Georgia Nihongo Gakko Inc Mableton, GA | $743,833 | $554,885 |
Kirby Family Farm Williston, FL | $5,815,422 | $492,608 |
Alliance Francaise Of Atlanta Inc Atlanta, GA | $569,418 | $608,131 |
Friends Of Goethe Inc Atlanta, GA | $351,250 | $557,862 |
Centro Cultural Espanol De Cooperacion Iberoamericana Inc Miami, FL | $443,362 | $551,333 |
Philippine Cultural Foundation Inc Tampa, FL | $1,277,183 | $484,563 |