Artworks Community Arts Education Center Inc
- Assets
- $6.4m
- Revenue
- $4.2m
- Investments
- $6.1m
- Employees
- 2
- Location
- Russell Springs, KY
- Founding
- 12/2016
- Data as of
- 12/2022
- EIN
- 81-4625860
Organization Overview
Artworks Community Arts Education Center Inc is located in Russell Springs, KY. The organization was established in 2016. As of 12/2022, Artworks Community Arts Education Center Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Artworks Community Arts Education Center 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 12/2022, Artworks Community Arts Education Center Inc generated $4.2m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 15.1% each year . All expenses for the organization totaled $237.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
ARTWORKS IS COMMITTED TO PROVIDING ALL PEOPLE IN OUR COMMUNITY WITH QUALITY ARTS EDUCATION. THROUGH DANCE, THEATRE, MUSIC AND VISUAL ARTS, LED BY PASSIONATE AND QUALIFIED INSTRUCTORS, WE AIM TO CULTIVATE IMAGINATION AND INGENUITY AND TO NUTURE CREATIVE EXPRESSION, INSPIRING OUR CHILDREN AND CITIZENS TO REACH THEIR FULL POTENTIAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cheryl Adams President | 10 | $0 | |
Donnie Wilkerson Vice Preside | 2 | $0 | |
Marissa Ramsey Director | 40 | $45,467 | |
Moriah Painter Secretary | 2 | $0 | |
Kasey Hoskins Director | 2 | $0 | |
John Adams Treasurer | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,071,407 |
| Interest on Savings | $0 |
| Dividends & Interest | $72,503 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$10,123 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $64,093 |
| Total Revenue | $4,197,880 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $45,467 |
| Other employee salaries and wages | $85,153 |
| Pension plans, employee benefits | $13,517 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $499 |
| Occupancy | $35,657 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $28,518 |
| Total operating and administrative expenses | $237,399 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $237,399 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $58,560 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $4,941 |
| Other assets | $233,248 |
| Total assets | $6,372,973 |
| Accounts payable and accrued expenses | $54,574 |
| Grants payable | $0 |
| Deferred revenue | $400,566 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $455,140 |