Artist Incubation Inc
- Assets
- $53.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Guymon, OK
- Founding
- 10/2006
- Data as of
- 12/2021
- 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 12/2021, 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 12/2021, Artist Incubation Inc generated $56.3k 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 (9.0%) each year. All expenses for the organization totaled $50.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.2%) 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
2021
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 |
|---|---|---|---|
Brenda Neville Director | 4 | $0 | |
Jim Quimby President | 4 | $0 | |
Marsha Strong Vice President | 4 | $0 | |
Kevin Wales Director | 4 | $0 | |
Samuel Ortiz Director | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $43,682 |
| Total Program Service Revenue | $12,588 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $56,270 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $13,999 |
| Professional fees and other payments to independent contractors | $9,721 |
| Occupancy, rent, utilities, and maintenance | $7,991 |
| Printing, publications, postage, and shipping | $7,224 |
| Other expenses | $11,109 |
| Total expenses | $50,044 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $40,402 |
| Other assets | $0 |
| Total assets | $53,874 |
| Total liabilities | $0 |
| Net assets or fund balances | $53,874 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Artist Incubation Inc has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Robert C & Mary E Lolmaugh Trust Foundation Wichita, KS PURPOSE: OPERATIONS EXPENSE | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Aspen Art Museum Aspen, CO | $45,036,257 | $9,544,522 |
Philbrook Museum Of Art Inc Tulsa, OK | $69,878,004 | $10,854,241 |
Georgia Okeeffe Museum Santa Fe, NM | $164,315,725 | $8,795,076 |
Nasher Foundation 101796 Forney, TX | $126,332,669 | $7,023,937 |
Contemporary Austin Museum Inc Austin, TX | $24,172,925 | $7,689,663 |
Oklahoma City Museum Of Art Oklahoma City, OK | $47,340,772 | $7,968,737 |
Mca Denver Denver, CO | $23,563,221 | $5,372,838 |
Chinati Foundation Marfa, TX | $22,539,497 | $3,562,112 |
Clyfford Still Museum Denver, CO | $20,985,352 | $4,386,446 |
Kemper Museum Operating Foundation Kansas City, MO | $21,285,156 | $4,170,305 |
Contemporary Arts Museum Houston Houston, TX | $15,488,500 | $3,325,689 |
Site Santa Fe Santa Fe, NM | $20,776,808 | $1,925,368 |