Obsidian Art Space Inc
- Assets
- $36.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Houston, TX
- Founding
- 09/2012
- Data as of
- 12/2020
- EIN
- 27-2427181
Organization Overview
Obsidian Art Space Inc is located in Houston, TX. The organization was established in 2012. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2020, Obsidian Art Space Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Obsidian Art Space 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 12/2020, Obsidian Art Space Inc generated $22.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (24.8%) each year. All expenses for the organization totaled $36.6k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (15.8%) per year over the past 5 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
2020
Describe the Organization's Program Activity:
Part 3
NO SHOWS IN 2020 DUE TO COVID-19 PANDEMIC. NO PAYMENTS TO ARTISTS, STAFF OR CONTRACT SERVICES IN 2020.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shelly Immel Treasurer | 2 | $0 | |
Tom Stell Pres/exec Direc | 40 | $0 | |
Michael Jayson Director | 1 | $0 | |
Saul Valentin Director | 1 | $0 | |
Lauren Walstad Hardy Director/sec | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,991 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $21,991 |
| 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 | $29,400 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $7,182 |
| Total expenses | $36,582 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $15,280 |
| Other assets | $0 |
| Total assets | $36,279 |
| Total liabilities | $136 |
| Net assets or fund balances | $36,143 |