The Walter Hive
- Assets
- $529.5k
- Revenue
- $28.7k
- Investments
- $0.0
- Employees
- 5
- Location
- Phoenix, AZ
- Founding
- 07/2019
- Data as of
- 12/2021
- EIN
- 82-3747637
Organization Overview
The Walter Hive is located in Phoenix, AZ. The organization was established in 2019. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Walter Hive employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Walter Hive 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, Walter Hive generated $28.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (54.1%) each year.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
EMPOWERMENT THROUGH THE CREATIVE EXPRESSION OF ART AND TECHNOLOGY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WALTER HIVE PROVIDES EDUCATIONAL PROGRAMS AND DIRECT SERVICES TO ASSIST OUR COMMUNITY PARTNERS TO SERVE THE POPULATIONS WHO ARE MOST AT RISK IN UNDERSERVED COMMUNITIES. WE ALSO PARTNER WITH THOSE ORGANIZATIONS WHO ADDRESS THE NEEDS OF INDIVIDUALS WHO HAVE A CHRONIC ILLNESS OR PHYSICAL DISABILITY. OUR COMMITMENT IS TO INVEST OVER 50 OF OUR OPERATING BUDGET TO PROVIDE THESE NECESSARY PROGRAMS WHICH IMPACT THE ARIZONA COMMUNITY. OUR PRIMARY GOAL WITH THESE POPULATIONS IS POSITIVE OUTCOMES FOR BUILDING RESILIENCE FOR THE CHRONICALLY ILL AND MENTORSHIP IN DEVELOPING THE SKILLS FOR CAREER EXPLORATION THROUGH ARTS AND STEM EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Mccoy Executive Director | Officer | 40 | $67,154 |
Jennifer Erickson Treasurer Secretary | OfficerTrustee | 5 | $0 |
Mary Strawn MD Chair, Founder, President | OfficerTrustee | 10 | $0 |
F Scott Saladino CFO | Officer | 5 | $0 |
Anita Lang Director | Trustee | 2 | $0 |
Dave Edwards MD Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,527 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,527 |
| Total Program Service Revenue | $10,665 |
| Investment income | $0 |
| 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 | $1,520 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $28,712 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $74,543 |
| Compensation of current officers, directors, key employees. | $11,181 |
| Compensation to disqualified persons | $34,124 |
| Other salaries and wages | $93,168 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,811 |
| Payroll taxes | $15,787 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $24,507 |
| Advertising and promotion | $3,541 |
| Office expenses | $2,765 |
| Information technology | $1,597 |
| Royalties | $0 |
| Occupancy | $34,747 |
| Travel | $1,749 |
| 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 | $4,500 |
| Insurance | $8,393 |
| All other expenses | $0 |
| Total functional expenses | $321,178 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $529,546 |
| 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 | $0 |
| 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 | $529,546 |
| Accounts payable and accrued expenses | $0 |
| 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 | $36,500 |
| Other liabilities | $10 |
| Total liabilities | $36,510 |
| Net assets without donor restrictions | $493,036 |
| 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 | $529,546 |
Grants Awarded
Over the last fiscal year, The Walter Hive has awarded $12,250 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Phoenix, AZ PURPOSE: Program support | $12,000 |
OTHERS UNDER 5K | | | $250 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that The Walter Hive has recieved totaling $1,699.
| Awarding Organization | Amount |
|---|---|
Harnisch Family Foundation Inc New York, NY PURPOSE: CHARITABLE | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $699 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Academy Of Mathematics & Science South Inc Tucson, AZ | $124,208,680 | $62,725,140 |
Artnow Fondation San Francisco, CA | $0 | $214,158 |
Lazy Mf Trust Irvine, CA | $2,742,949 | $392,168 |
Anderson Ranch Arts Foundation Snowmass Village, CO | $19,349,000 | $7,444,141 |
Thru Guidance Ministries Los Angeles, CA | $2,841,551 | $7,857,035 |
Inner-City Arts Los Angeles, CA | $18,610,203 | $5,566,146 |
House Of Blues Music Forward Foundation Beverly Hills, CA | $3,094,278 | $3,522,048 |
School Of Arts And Culture At Mhp San Jose, CA | $8,721,548 | $4,861,362 |
Wayne Thiebaud Foundation Sacramento, CA | $135,503,481 | $2,669,000 |
California Jazz Conservatory Inc Berkeley, CA | $7,248,479 | $2,565,384 |
Arts For Healing And Justice Network Long Beach, CA | $3,982,925 | $3,271,300 |
Art Students League Of Denver Denver, CO | $2,150,049 | $2,289,374 |