North Fourth Art Center
- Assets
- $896.7k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 6
- Location
- Albuquerque, NM
- Founding
- 01/1987
- Data as of
- 06/2022
- EIN
- 85-0303750
Organization Overview
North Fourth Art Center is located in Albuquerque, NM. The organization was established in 1987. 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 06/2022, North Fourth Art Center employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Fourth Art Center 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 06/2022, North Fourth Art Center generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.9%) each year. All expenses for the organization totaled $850.1k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (12.2%) per year over the past 6 years. 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
TO CULTIVATE ARTISTIC CREATION AND ECONOMIC DEVELOPMENT IN NEW MEXICO THROUGH A WIDE RANGE OF ART MEDIUMS INCLUDING LIVE PERFORMANCE, FILM & DIGITAL MEDIA, STUDIO ART, AND MORE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THEATER & GALLERY: THE CENTER HAS RE-ESTABLISHED N4TH THEATER AS A VENUE FOR IN-HOUSE PERFORMANCES, ARTS TRAINING, AND PROFESSIONAL PRODUCTIONS, AS WELL AS OFFERING AFFORDABLE THEATER RENTALS TO YOUNG COMPANIES WHICH THEY WOULD NOT OTHERWISE AFFORD. THROUGH ACCESS TO FELLOWSHIPS AND WORKSHOPS, LOCAL AND NATIONAL FESTIVALS, AND BY RE-LAUNCHING THE RESIDENT MIXED ABILITY COMPANY, BUEN VIAJE, THE THEATER PROGRAM HAS PROVIDED OPPORTUNTIES FOR PERFORMERS, WRITERS, PRODUCERS, AND DIRECTORS TO CENTER THEIR WORK IN THE COMMUNITY AND NEW MEXICO'S EXPANDING FILM INDUSTRY. THE GALLERY HAS MOUNTED SIX EXHIBITS IN N4TH GALLERY, ALL EXPLORING DIVERSE ISSUES AND PERSPECTIVES. WITH AN EMPHASIS ON LOCAL ARTISTS AND COMMUNITY RNGAGEMENT, N4TH GALLERY HAS HIGHLIGHTED THE WORK OF UNDERREPRESENTED ARTISTS THROUGH A FOCUS ON INTERNATIONAL ISSUES, THE ENVIRONMENT AND HUMAN INTERACTIONS WITH NATURE
EDUCATION: THE EDUCATION PROGRAM OFFERS ART CLASSES FOR THE COMMUNITY IN A RANGE OF MEDIA FOR DIFFERENT LEVELS OF EXPERIENCE, INCLUDING ONGOING CLASSES FOR ADULTS WITH DISABILITIES. THE PROGRAM ALSO OFFERS THE COMMUNITY AFFORDABLE CLASSROOM SPACE FOR WORKSHOPS, ARTS EVENTS, AND ACTIVITIES
OUTREACH: THE OUTREACH PROGRAM BROUGHT THE ARTS INTO THE COMMUNITIES OF THREE ALBUQUERQUE SCHOOLS BY USING PHOTOGRAPHY AS A TOOL FOR COMMUNITY EMPOWERMENT AND CIVIC ENGAGEMENT. CANDID COMMUNITIES 2022 CULMINATED IN A MULTI-COMMUNITY PHOTOGRAPHY EXHIBITION FOR THE MONTH OF JUNE AT N4TH GALLERY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Teresa Phillips President | OfficerTrustee | 1 | $0 |
Bryn Naranjo Vice President | OfficerTrustee | 1 | $0 |
Michael Tamasi Treasurer | OfficerTrustee | 1 | $0 |
Joe Lujan Member | Trustee | 1 | $0 |
Michael Murphy Member | Trustee | 1 | $0 |
Nkazi Sinandile Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,063,427 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,437 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,067,864 |
| Total Program Service Revenue | $22,674 |
| Investment income | $411 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $17,617 |
| 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 | $3,770 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,112,410 |
| 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. | $118,323 |
| Compensation of current officers, directors, key employees. | $54,396 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $147,759 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $50,909 |
| Payroll taxes | $23,947 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,798 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $277,574 |
| Advertising and promotion | $921 |
| Office expenses | $17,654 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $36,603 |
| Travel | $0 |
| 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 | $111,655 |
| Insurance | $22,862 |
| All other expenses | $34,058 |
| Total functional expenses | $850,063 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $400,023 |
| Savings and temporary cash investments | $387,661 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,421 |
| 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 | $74,523 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $31,075 |
| Total assets | $896,703 |
| Accounts payable and accrued expenses | $47,967 |
| 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 | $249,490 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $297,457 |
| Net assets without donor restrictions | $591,646 |
| Net assets with donor restrictions | $7,600 |
| 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 | $896,703 |