Litarts Ri
- Assets
- $201.4k
- Revenue
- $309.4k
- Investments
- $0.0
- Employees
- 3
- Location
- Providence, RI
- Founding
- 07/2019
- Data as of
- 12/2022
- EIN
- 82-4968555
Organization Overview
Litarts Ri is located in Providence, RI. The organization was established in 2019. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2022, Litarts RI employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Litarts RI 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, Litarts RI generated $309.4k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $302.7k during the year ending 12/2022. While expenses have increased by 9.8% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
LITARTS RI, FORMERLY WHAT CHEER WRITERS CLUB, SUPPORTS RHODE ISLAND'S CREATORS OF THE WRITTEN, SPOKEN AND ILLUSTRATED WORD THROUGH COMMUNITY EVENTS, FREE AND LOW-COST BUSINESS SERVICES, AND DISCOUNTED COWORKING SPACE. AS AN UMBRELLA ORGANIZATION, WE SERVE AS A CENTRALIZED COMMUNITY CONNECTING CONTENT CREATORS, FANS AND LITERARY ORGANIZATIONS STATE-WIDE.OUR MISSION IS TO ELEVATE THE CONTENT ARTS IN OUR STATE BY PROVIDING ACCESSIBLE WORKSHOPS AND COMMUNITY GATHERINGS WHERE WRITERS CAN FEEL SUPPORTED AND KNOWN BY FELLOW CREATIVES AND PATRONS OF THE ARTS. IN ADDITION, WE SEEK TO BURNISH RHODE ISLAND'S REPUTATION AS A LITERARY DESTINATIONA PLACE WHERE CONTENT CREATORS THRIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LITARTS RI HOLDS LOW-COST WORKSHOPS THAT OFFER OPPORTUNITIES FOR RI CREATIVES TO EXPLORE ASPECTS OF CREATING LITERATURE AND ART, AS WELL AS DEVELOPING THE SKILLS NEEDED TO PROFESSIONALIZE THAT WORK. WORKSHOPS FOCUS ON PODCAST AND AUDIO TRAINING, PANELS WITH LOCAL AND NATIONAL EXPERTS, AND CRAFT WORKSHOPS WITH LOCAL TEACHING ARTISTS
LITARTS RI OFFERS EVENTS AND SUPPORTIVE INFRASTRUCTURE FOR COMMUNITY MEMBERS TO BOLSTER CONNECTIONS AND BELONGING. THESE INCLUDE ASSISTING IN COMMUNITY LED WRITING GROUPS, LOCAL CREATIVE SHOWCASES, CONVERSATIONS FOR WRITERS OF COLOR, AND LOCAL ORGANIZATIONAL PARTNERSHIPS FOR CO-CREATED PROGRAMMING.
LITARTS RI HAS A SHARED SPACE FOR LOCAL CREATIVES TO UTILIZE AS A PLACE FOR CONVERSATION, STUDY, AND REFLECTION. THE SPACE FUNCTIONS AS A COMMUNITY GATHERING PLACE AS WELL AS A QUIET WORKSPACE FOR CREATIVES TO FOCUS ON THEIR PROJECTS AND ART
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Persson Director | Trustee | 1 | $0 |
Cynthia Holt Director | Trustee | 1 | $0 |
Holly Gaboriault Director | Trustee | 1 | $0 |
Dr Michelle Cruz Director | Trustee | 1 | $0 |
Ana Gonzalez Director | Trustee | 1 | $0 |
Anne Holland President | Officer | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $25,564 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,440 |
| All other contributions, gifts, grants, and similar amounts not included above | $255,746 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $289,750 |
| Total Program Service Revenue | $19,643 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $309,393 |
| 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. | $137,773 |
| Compensation of current officers, directors, key employees. | $30,965 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,380 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,396 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,672 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,993 |
| Advertising and promotion | $1,177 |
| Office expenses | $5,358 |
| Information technology | $6,062 |
| Royalties | $0 |
| Occupancy | $78,903 |
| Travel | $688 |
| 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 | $12,017 |
| Insurance | $2,480 |
| All other expenses | $0 |
| Total functional expenses | $302,703 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $499 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,478 |
| 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 | $183,228 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,237 |
| Total assets | $201,442 |
| Accounts payable and accrued expenses | $6,393 |
| 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 | $2,891 |
| Total liabilities | $9,284 |
| Net assets without donor restrictions | $192,158 |
| 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 | $201,442 |