Art Colony Association Inc
- Assets
- $419.0k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 3
- Location
- Houston, TX
- Founding
- 05/2002
- Data as of
- 12/2023
- EIN
- 74-1874580
Organization Overview
Art Colony Association Inc is located in Houston, TX. The organization was established in 2002. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Art Colony Association Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Art Colony 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 12/2023, Art Colony Association Inc generated $1.2m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Art Colony Association Inc has awarded 48 individual grants totaling $535,722. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND PRODUCE HIGH QUALITY FINE ART FESTIVALS TO INTRODUCE AND PROMOTE ART AND ARTISTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BAYOU CITY ART FESTIVAL MEMORIAL PARK IS HELD EACH YEAR IN LATE MARCH IN HOUSTON'S MEMORIAL PARK. THE FESTIVAL IS BUILT ON TWO INNER LOOPS. THE PARK IS FIVE MILES FROM DOWNTOWN AND TWO MILES FROM THE GALLERIA AREA. THE FESTIVAL IS THE ONLY PUBLIC EVENT HELD IN THE PARK OTHER THAN HOUSTON RODEO ACCESS. SHUTTLE RIDES MAKE TRANSPORTATION TO AND FROM THE FESTIVAL EASY AND CONVENIENT.
BAYOU CITY ART FESTIVAL DOWNTOWN IS HELD EACH YEAR DURING THE SECOND WEEKEND OF OCTOBER. THE DOWNTOWN SKYLINE SERVES AS A BACKGROUND FOR ART, MUSIC, INTERACTIVE ACTIVITIES AND A CREATIVE ZONE FOR CHILDREN. THE FESTIVAL IS SHOWCASED ON ALLEN PARKWAY & SAM HOUSTON PARK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Pede President | OfficerTrustee | 2 | $0 |
Allen Brivic Vice President | OfficerTrustee | 2 | $0 |
Obes Nwabara Secretary | OfficerTrustee | 2 | $0 |
Michel Muylle Treasurer | OfficerTrustee | 2 | $0 |
Rodney Butler Director | Trustee | 1 | $0 |
Kyle Carter Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $20,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $209,914 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $229,914 |
| Total Program Service Revenue | $995,037 |
| Investment income | $9,540 |
| 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 | $5,259 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,239,750 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $86,239 |
| 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. | $98,646 |
| Compensation of current officers, directors, key employees. | $23,868 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $50,847 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $240 |
| Payroll taxes | $8,792 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,376 |
| Advertising and promotion | $220,955 |
| Office expenses | $30,352 |
| Information technology | $4,429 |
| Royalties | $0 |
| Occupancy | $43,403 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $591 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,708 |
| Insurance | $9,110 |
| All other expenses | $0 |
| Total functional expenses | $1,242,381 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5 |
| Savings and temporary cash investments | $384,457 |
| 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 | $19,042 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $15,449 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $418,953 |
| Accounts payable and accrued expenses | $2,500 |
| Grants payable | $0 |
| Deferred revenue | $17,650 |
| 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 | $20,150 |
| Net assets without donor restrictions | $398,803 |
| 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 | $418,953 |
Grants Awarded
Over the last fiscal year, Art Colony Association Inc has awarded $77,214 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
HOUSTON CIVIC EVENTS INC PURPOSE: Parks program | $21,857 |
MEMORIAL PARK CONSERVANCY PURPOSE: General support | $11,923 |
SPACETAKER DBA FRESH ARTS PURPOSE: General support | $8,000 |
CITY OF HOUSTON - PARKS & REC DEPT PURPOSE: Parks program | $9,934 |
THE WOMEN'S FUND FOR HEALTH EDUCATION & RESEARCH PURPOSE: General support | $6,000 |
MUSEUM OF FINE ARTS HOUSTON PURPOSE: Program support | $7,500 |