Nu Art Education Inc
- Assets
- $635.5k
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 53
- Location
- Sacramento, CA
- Founding
- 07/2019
- Data as of
- 12/2023
- EIN
- 83-3085880
Organization Overview
Nu Art Education Inc is located in Sacramento, CA. The organization was established in 2019. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2023, Nu Art Education Inc employed 53 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nu Art Education 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 12/2023, Nu Art Education Inc generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 60.4% each year . All expenses for the organization totaled $1.9m during the year ending 12/2023. While expenses have increased by 62.8% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE CORE ARTS EDUCATION TO STUDENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING STUDENTS THEATER ARTS EDUCATIONAL OPPORTUNITIES. ALSO PROVIDING COLLEGE COUNSELING, LIFE SKILLS, AND FINANCIAL LITERACY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martin Noufer Director | OfficerTrustee | 8 | $0 |
Michele Noufer Executive Dir. | Trustee | 40 | $0 |
Adam Ahmed Treasurer | OfficerTrustee | 10 | $0 |
Amber Cosby Director | Trustee | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $705,186 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,887 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $708,073 |
| Total Program Service Revenue | $1,460,998 |
| Investment income | $11,739 |
| 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 | $2,180,810 |
| 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. | $96,395 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,150,565 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $114,966 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $683 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $26,000 |
| Fees for services: Other | $53,725 |
| Advertising and promotion | $27,954 |
| Office expenses | $18,480 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $44,788 |
| Travel | $3,534 |
| 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 | $0 |
| Insurance | $12,147 |
| All other expenses | $98,756 |
| Total functional expenses | $1,893,295 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $634,495 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $225 |
| 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 | $797 |
| Total assets | $635,517 |
| 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 | $0 |
| Other liabilities | $17,554 |
| Total liabilities | $17,554 |
| Net assets without donor restrictions | $617,963 |
| 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 | $635,517 |