Bo Art Inc
- Assets
- $14.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Hilton Head, SC
- Founding
- 05/2019
- Data as of
- 12/2021
- EIN
- 83-2579189
Organization Overview
Bo Art Inc is located in Hilton Head, SC. The organization was established in 2019. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bo 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 12/2021, Bo Art Inc generated $12.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (57.4%) each year. All expenses for the organization totaled $9.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (54.6%) per year over the past 2 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
BO ART RENTS STUDIO SPACE TO 6 ARTISTS AT ITS STUDIO FACILITY THAT PROVIDES A WELCOMING MAKER SPACE FOR MULTIPLE ARTISTIC MEDIUMS SUCH AS DRAWING, PAINTING, POTTERY, TEXTILES, AND FUSED GLASS. THE STUDIO CONTAINS GALLERY SPACE FOR THE SALE OF THE ARTISTS' WORKS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Blake Shattuck President | 4 | $0 | |
Jane Joseph Secretary | 3 | $0 | |
Eleanor Desole Director | 3 | $0 | |
Kathy Jackson Treasurer | 3 | $0 | |
Ellen Difazio Director | 3 | $0 | |
Bobbie Fertig Director | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,000 |
| Total Program Service Revenue | $8,600 |
| Membership dues | $0 |
| Investment income | $13 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1,500 |
| Total Revenue | $12,064 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $6,918 |
| Printing, publications, postage, and shipping | $88 |
| Other expenses | $2,581 |
| Total expenses | $9,587 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $14,255 |
| Other assets | $0 |
| Total assets | $14,255 |
| Total liabilities | $22 |
| Net assets or fund balances | $14,233 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Spoleto Festival U S A Charleston, SC | $23,626,585 | $7,325,323 |
John C Campbell Folk School Brasstown, NC | $20,488,128 | $4,524,565 |
Arts Center Of Coastal Carolina Hilton Head Island, SC | $10,441,766 | $4,547,581 |
Cafe 1040 Inc Alpharetta, GA | $1,445,364 | $4,184,740 |
Safe States Alliance Atlanta, GA | $855,123 | $2,462,301 |
Artsnow Inc Atlanta, GA | $4,742,407 | $2,526,341 |
Lake City Creative Alliance Lake City, SC | $2,218,618 | $313,280 |
Spruill Center For The Arts Inc Atlanta, GA | $6,437,897 | $2,168,968 |
Atlanta Dogwood Festival Inc Atlanta, GA | $455,416 | $1,726,662 |
Leaf Community Arts Asheville, NC | $3,845,862 | $2,454,886 |
Greenville Arts Festival Greenville, SC | $414,917 | $1,429,371 |
Thomasville Cultural Center Inc Thomasville, GA | $2,261,384 | $1,406,934 |