Paseo Artists Association Inc
- Assets
- $253.4k
- Revenue
- $474.9k
- Investments
- $0.0
- Employees
- 4
- Location
- Oklahoma City, OK
- Founding
- 06/1989
- Data as of
- 12/2021
- EIN
- 73-1246546
Organization Overview
Paseo Artists Association Inc is located in Oklahoma City, OK. The organization was established in 1989. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Paseo Artists Association Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Paseo Artists Association 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, Paseo Artists Association Inc generated $474.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $381.8k during the year ending 12/2021. While expenses have increased by 13.9% 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
TO PROMOTE ART & ARTISTS IN OKLAHOMA
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PASEO ARTIST ASSOCATION PLANS THE FIRST FRIDAY GALLERY WALK ON THE FIRST FRIDAY OF EACH MONTH. THE PUBLIC ATTENDS AND VISITS ALL THE ART STUDIOS WHERE VARIOUS SNACKS AND REFRESHMENTS ARE SERVED. IT IS A CHANCE TO MEET THE ARTISTS AND VIEW AND PURCHASE THEIR WORK.
THE PASEO ARTISTS ASSOCIATION HOLDS AN ARTS FESTIVAL OPEN TO THE PUBLIC IN MAY. ARTIST'S WORKS ARE FOR SALE AND SHOWN IN BOOTHS. THERE ARE OVER 100 ARTISTS AND TWO STAGES WITH OVER 50 MUSICIANS.
THE PASEO ARTISTS ASSOCIATION HAS TWO ART GALLERIES OPEN TO THE PUBLIC. ART WORK IS DIPLAYED AND IS FOR SALE. THE GALLERY IS ALSO AVAILABLE FOR RENTAL FOR SPECIAL EVENTS AND HAS A GIFT SHOP. THERE ARE ALSO 12 STUDIO SPACES RENTED BY ARTISTS FOR A SMALL FEE.
ALL OTHER ART SHOWS AND SPECIAL EVENTS INCLUDING PAYROLL, INSURANCE, UTILITIES,WASTE MANAGEMENT & OTHER
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margaret A Bleakley Key Employee | Officer | 40 | $61,475 |
Kelley Barnes President | Officer | 3 | $0 |
Bob Mcginley Treasurer | Officer | 2 | $0 |
Lea Morgan Past President | Officer | 1 | $0 |
Angella Elwell Vice President | Officer | 1 | $0 |
Janice Mathews-Gordon Secretary | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $19,765 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $55,052 |
| All other contributions, gifts, grants, and similar amounts not included above | $117,411 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $192,228 |
| Total Program Service Revenue | $282,377 |
| Investment income | $253 |
| 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 | $474,858 |
| 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. | $61,475 |
| Compensation of current officers, directors, key employees. | $12,295 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $45,546 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,123 |
| Payroll taxes | $7,628 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,317 |
| Advertising and promotion | $5,132 |
| Office expenses | $13,537 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $72,950 |
| Travel | $100 |
| 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 | $0 |
| Insurance | $2,966 |
| All other expenses | $21,634 |
| Total functional expenses | $381,752 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100,542 |
| Savings and temporary cash investments | $152,002 |
| 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 | $829 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $253,373 |
| Accounts payable and accrued expenses | $21,584 |
| 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 | $21,584 |
| 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 | $231,789 |
| Total liabilities and net assets/fund balances | $253,373 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Paseo Artists Association Inc has recieved totaling $12,967.
| Awarding Organization | Amount |
|---|---|
Newmans Own Foundation Westport, CT PURPOSE: CHILDREN'S OUTREACH | $5,000 |
E L And Thelma Gaylord Foundation Oklahoma City, OK PURPOSE: GENERAL PURPOSE | $5,000 |
Anne And Henry Zarrow Foundation Tulsa, OK PURPOSE: 15TH ANNUAL PASEO ARTS AWARDS | $1,450 |
American Fidelity Foundation Oklahoma City, OK PURPOSE: OPERATING SUPPORT | $1,000 |
Crowe & Dunlevy Foundation Inc Oklahoma City, OK PURPOSE: DISCRETIONARY USE | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $17 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Master Craftsmen Foundation Kansas City, MO | $0 | $269 |
Dallas Contemporary Dallas, TX | $3,580,432 | $1,729,811 |
Redline Denver, CO | $19,188,382 | $2,483,556 |
National Council On Education For The Ceramic Arts Boulder, CO | $3,277,590 | $1,203,112 |
Cherry Creek Arts Festival Denver, CO | $2,617,133 | $1,539,850 |
Laumeier Sculpture Park St Louis, MO | $5,586,221 | $2,296,143 |
Craft Alliance St Louis, MO | $3,775,459 | $2,483,894 |
Glass Control Inc Emp Ben Tr Lubbock, TX | $187,823 | $1,183,121 |
Ballroom Cultural Arts Foundation Marfa, TX | $1,422,501 | $1,165,140 |
Painting & Decorating Contractors Of America Maryland Heights, MO | $1,053,782 | $1,259,349 |
Gil And Dody Weaver Foundation Dallas, TX | $0 | $964,218 |
Foothills Art Center Inc Golden, CO | $2,162,133 | $1,395,944 |