Carpenter Art Garden
- Assets
- $869.5k
- Revenue
- $582.6k
- Investments
- $0.0
- Employees
- 19
- Location
- Memphis, TN
- Founding
- 08/2017
- Data as of
- 07/2023
- EIN
- 82-2322015
Organization Overview
Carpenter Art Garden is located in Memphis, TN. The organization was established in 2017. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 07/2023, Carpenter Art Garden employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carpenter Art Garden 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 07/2023, Carpenter Art Garden generated $582.6k 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 (8.9%) each year. All expenses for the organization totaled $490.2k during the year ending 07/2023. 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
THE MISSION OF THE CARPENTER ART GARDEN IS TO WORK WITH CHILDREN AND FAMILIES OF UNDER RESOURCED NEIGHBORHOODS TO PROMOTE EACH CHILD'S CREATIVE POTENTIAL AND SELF-WORTH THROUGH EXPOSURE TO ARTISTIC, EDUCATIONAL, AND VOCATIONAL PROGRAMS. THE GARDEN'S VISION IS TO EMPOWER THESE CHILDREN TO CREATE THEIR BEST FUTURES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ART GARDEN***THE GARDEN IS A CREATIVE SPACE WHERE CHILDREN GATHER EACH TUESDAY TO CREATE ART, EXPERIENCE PERFORMANCES AND BUILD RELATIONSHIPS WITH ONE ANOTHER, STAFF, AND VOLUNTEERS. ESTIMATED INDIVIDUALS SERVED 200
ART EDUCATION***SMALL GROUP ART AND MUSIC CLASSES TAUGHT BY LOCAL AND NATIONAL ARTISTS, ART IMMERSION FIELD TRIPS THAT INSPIRE CREATIVE EXPLORATION, AND ACCESS TO OPPORTUNITIES THAT INCREASE ART AWARENESS. ESTIMATED INDIVIUDALS SERVED 125
ART INTERVENTION***CARPENTER ART GARDEN'S ART INTERVENTIONS INSPIRE COMMUNITY TRANSFORMATION AND PROVIDES TOOLS FOR EDUCATION, HEALTHY LIVING, COMMUNITY BUILDING, EMPLOYMENT, AND LEADERSHIP DEVELOPMENT. ESTIMATED INDIVIDUALS SERVED 100
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Megan Hoover Director | Trustee | 1 | $0 |
Andrea Morales Director | Trustee | 1 | $0 |
Danny Valle Director | Trustee | 1 | $0 |
Anna Vescovo Secretary | OfficerTrustee | 1 | $0 |
Dr Rush Waller President | OfficerTrustee | 1 | $0 |
Michael Stewart Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $62,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $504,463 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $566,463 |
| Total Program Service Revenue | $0 |
| Investment income | $8,602 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$700 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $8,210 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $582,575 |
| 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. | $79,426 |
| Compensation of current officers, directors, key employees. | $12,708 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $188,407 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $25,020 |
| Payroll taxes | $22,770 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,068 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,115 |
| Fees for services: Other | $46,256 |
| Advertising and promotion | $3,244 |
| Office expenses | $4,873 |
| Information technology | $12,388 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $11,202 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,782 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,969 |
| Insurance | $7,245 |
| All other expenses | $15,040 |
| Total functional expenses | $490,234 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $591,978 |
| Savings and temporary cash investments | $0 |
| 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 | $5,930 |
| Net Land, buildings, and equipment | $150,772 |
| Investments—publicly traded securities | $120,777 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $869,457 |
| Accounts payable and accrued expenses | $3,641 |
| 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 | $3,641 |
| Net assets without donor restrictions | $609,344 |
| Net assets with donor restrictions | $256,472 |
| 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 | $869,457 |