Imagine Art Inc
- Assets
- $413.3k
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 77
- Location
- Austin, TX
- Founding
- 10/2001
- Data as of
- 09/2023
- EIN
- 74-3010913
Organization Overview
Imagine Art Inc is located in Austin, TX. The organization was established in 2001. 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 09/2023, Imagine Art Inc employed 77 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Imagine Art 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 09/2023, Imagine Art Inc generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 17.3% each year . All expenses for the organization totaled $2.5m during the year ending 09/2023. While expenses have increased by 19.1% per year over the past 4 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
WE LEVERAGE ART AND PLACE; EMPOWERING ARTISTS WITH DISABILITIES WHO BECOME CREATIVE CATALYSTS FOR CHANGING SYSTEM OF DAY HABILITATION; LONG-TERM CARE, PEER SUPPORT, AND AFFORDABLE HOUSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LONG TERM CARE WAIVER: PROGRAM PROVIDES GROUP HOMES AND IN-HOME ASSISTANCE TO INDIVIDUALS WITH INTELLECTUAL DEVELOPMENT DISABILITIES WHO ARE OPTING OUT OF INSTITUTIONAL PLACEMENT AND CHOOSING COMMUNITY-BASED SERVICES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rick Wells Board Chair | OfficerTrustee | 4 | $0 |
Janet Sibert Vice Chair | OfficerTrustee | 4 | $0 |
Mike Meleski Treasurer | OfficerTrustee | 4 | $0 |
Cori Sophia Ponce Secretary | OfficerTrustee | 4 | $0 |
Kristin Weber Board Member | Trustee | 4 | $0 |
Thalia Baudin Board Member | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $61,500 |
| Related organizations | $0 |
| Government grants | $549,465 |
| All other contributions, gifts, grants, and similar amounts not included above | $48,091 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $659,056 |
| Total Program Service Revenue | $1,609,991 |
| Investment income | $18 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $82,968 |
| 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 | $3,227 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,412,430 |
| 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. | $67,761 |
| Compensation of current officers, directors, key employees. | $8,047 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $809,793 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,082 |
| Payroll taxes | $84,274 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,555 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,050,246 |
| Advertising and promotion | $0 |
| Office expenses | $68,862 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $189,456 |
| Travel | $6,175 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $104 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $497 |
| Insurance | $8,590 |
| All other expenses | $12,348 |
| Total functional expenses | $2,470,121 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $84,747 |
| Savings and temporary cash investments | $5,121 |
| Pledges and grants receivable | $50,325 |
| Accounts receivable, net | $99,077 |
| 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 | $2,600 |
| Net Land, buildings, and equipment | $7,449 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $163,992 |
| Total assets | $413,311 |
| Accounts payable and accrued expenses | $100,384 |
| Grants payable | $0 |
| Deferred revenue | $52,808 |
| 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 | $138,449 |
| Total liabilities | $291,641 |
| Net assets without donor restrictions | $121,670 |
| 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 | $413,311 |