Artist Incubation Inc
- Assets
- $69.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Guymon, OK
- Founding
- 10/2006
- Data as of
- 12/2023
- EIN
- 71-0890460
Organization Overview
Artist Incubation Inc is located in Guymon, OK. The organization was established in 2006. According to its NTEE Classification (A51) the organization is classified as: Art Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Artist Incubation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Artist Incubation 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, Artist Incubation Inc generated $59.6k 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 (6.6%) each year. All expenses for the organization totaled $50.8k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (7.1%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE A NEW ECONOMY AND CULTURE BASED ON ART WHICH INCLUDES THE STUDENTS AT OKLAHOMA PANHANDLE STATE UNIVERSITY AND OTHER LOCAL ARTISTS
Describe the Organization's Program Activity:
Part 3
SEE ATTACHMENT 2
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marsha Strong Vice President | 0 | $0 | |
Brenda Neville Director | 0 | $0 | |
Jim Quimby President | 0 | $0 | |
Samuel Ortiz Director | 0 | $0 | |
Kevin Wales Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,650 |
| Total Program Service Revenue | $7,037 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $16,877 |
| Total Revenue | $59,564 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $2,502 |
| Professional fees and other payments to independent contractors | $18,884 |
| Occupancy, rent, utilities, and maintenance | $8,142 |
| Printing, publications, postage, and shipping | $4,410 |
| Other expenses | $16,877 |
| Total expenses | $50,815 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $56,317 |
| Other assets | $0 |
| Total assets | $69,789 |
| Total liabilities | $0 |
| Net assets or fund balances | $69,789 |