Some Serious Business Inc
- Assets
- $194.1k
- Revenue
- $32.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Abiquiu, NM
- Founding
- 11/1976
- Data as of
- 06/2023
- EIN
- 95-3070641
Organization Overview
Some Serious Business Inc is located in Abiquiu, NM. The organization was established in 1976. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Some Serious Business 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 06/2023, Some Serious Business Inc generated $32.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (13.3%) each year. All expenses for the organization totaled $97.9k during the year ending 06/2023. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PRODUCES CULTURAL EVENTS, EXHIBITIONS, AND PERFORMANCES FOR THE PUBLIC BOTH NEW MEXICO AND THROUGHOUT THE U.S.. IN ADDITION, ITS PROGRAMSSB AWAYPROVIDES ARTISTS RESIDENCIES AND RETREATS IN DIVERSE LOCATIONS INCLUDING NEW MEXICO, ITALY, AND HAWAII. SSB IS ALSO ENGAGED IN SUPPORTING RESEARCH AND DESIGN OF A SCHOLARLY ORAL/SOCIAL HISTORY OF A CULTURAL LANDMARK OF THE EAST VILLAGE IN THE EARLY 80S, THE PYRAMID COCKTAIL LOUNGE. DURING THE FISCAL YEAR THE ORGANIZATION HOSTED RESIDENCIES FOR 6 ARTS, SPONSORED 2 PREMIERES, CONTRIBUTED TO ONE, AND FUNDED ONE MUSICIAN/COMPOSER TO ATTEND THE WORLD OF MUSIC, ARTS AND DANCE TO PERFORM A CONCERT. TOTAL ATTENDANCE OF ALL EVENTS WAS APPROXIMATELY 820.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Martin Treasurer | 35 | $24,000 | |
Danielle Lesniewski President | 3 | $0 | |
Jane Friedman Trustee | 3 | $0 | |
Julie Carnahan Secretary | 3 | $0 | |
Mary Leigh Cherry Trustee | 3 | $0 | |
Amanda Stark Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $32,362 |
| Interest on Savings | $253 |
| Dividends & Interest | $0 |
| 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 | $32,615 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $24,000 |
| Other employee salaries and wages | $27,273 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,479 |
| Depreciation | $708 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $9,863 |
| Printing and publications | $107 |
| Other expenses | $21,975 |
| Total operating and administrative expenses | $91,237 |
| Contributions, gifts, grants paid | $6,650 |
| Total expenses and disbursements | $97,887 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,165 |
| Savings and temporary cash investments | $172,944 |
| 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 | $12,849 |
| Other assets | $2,141 |
| Total assets | $194,099 |
| Accounts payable and accrued expenses | $0 |
| 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 | $1,243 |
| Total liabilities | $1,243 |
Grants Awarded
Over the last fiscal year, Some Serious Business Inc has awarded $6,650 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
LAURA MEGA PURPOSE: GRANT FOR INDIVIDUAL'S INSTALLATION IN "DREAMERS". | $500 |
NEW MEXICO WOMENORG PURPOSE: NEWMEXICOWOMEN.ORG (NMW.O) IS LOCATED IN NEW MEXICO AND WORKS TO ADVANCE OPPORTUNITIES FOR WOMEN | $50 |
DELBERT ANDERSON PURPOSE: SOME SERIOUS BUSINESS AWAY GRANT & PERFORMANCE WITH NORTHERN YOUTH PROJECT | $206 |
STREETS HERIONES LLC PURPOSE: GRANT FOR DOCUMENTARY"STREET HERONINES" | $1,000 |
ALGIS NORVILA PURPOSE: PHOTO LICENSE WE STARTED A NIGHTCLUB | $300 |
CHRISTEN CLIFFORD PURPOSE: ARTIST GRANT | $300 |