School Arts Initiative Charitable Foundation
- Assets
- $10.0k
- Revenue
- $95.3k
- Investments
- $3.2k
- Employees
- 0
- Location
- Driftwood, TX
- Founding
- 01/2020
- Data as of
- 12/2022
- EIN
- 84-3036680
Organization Overview
School Arts Initiative Charitable Foundation is located in Driftwood, TX. The organization was established in 2020. According to its NTEE Classification (A01) the organization is classified as: Alliances & Advocacy, 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. School Arts Initiative Charitable Foundation 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, School Arts Initiative Charitable Foundation generated $95.3k in total revenue. All expenses for the organization totaled $96.7k during the year ending 12/2022. While expenses have increased by 131.4% 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE SEEK TO IDENTIFY RESOURCES FOR THE BENEFIT OF PUBLIC SCHOOL DISTRICT'S FINE ARTS PROGRAM. ALSO WE DO RESEARCH ON THE IMPORTANCE OF COMMUNITY BUILDING SCHOOL ARTS ACTIVITIES WHICH KEEP STUDENT'S IN SCHOOL. AND WE GENERALLY ADVOCATE FOR THE FINE ARTS IN PUBLIC EDUCATION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phillip Sandifer President | 40 | $0 | |
Rene Sandifer Director | 0 | $0 | |
Charmaine Sandifer Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $95,287 |
| Interest on Savings | $0 |
| Dividends & Interest | $40 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $95,327 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $78,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $6,100 |
| Interest | $0 |
| Taxes | $6,900 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $501 |
| Printing and publications | $0 |
| Other expenses | $1,367 |
| Total operating and administrative expenses | $93,932 |
| Contributions, gifts, grants paid | $2,731 |
| Total expenses and disbursements | $96,663 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,740 |
| Savings and temporary cash investments | $37 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,013 |
| Accounts payable and accrued expenses | $3,236 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,236 |
Grants Awarded
Over the last fiscal year, School Arts Initiative Charitable Foundation has awarded $2,731 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
LEADER ISD PURPOSE: GRANT TO LEANDER ISD FINE ARTS DEPARTMENT | $316 |
EANES ISD PURPOSE: GRANT TO EANES ISD FINE ARTS PROGRAM | $153 |
HUTTO ISD PURPOSE: GRANT TO HUTTO ISD FINE ARTS PROGRAM | $173 |
AUSTIN ISD PURPOSE: GRANT TO AUSTIN ISD FINE ARTS DEPARTMENT | $690 |
ROUND ROCK ISD PURPOSE: GRANT TO ROUND ROCK ISD FINE ARTS DEPARTMENT | $400 |
MANOR ISD PURPOSE: CONTRIBUTION TO FINE ARTS DEPARTMENT | $296 |