Artisans Asylum Inc
- Assets
- $1.7m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 22
- Location
- Boston, MA
- Founding
- 06/2012
- Data as of
- 06/2022
- EIN
- 27-2604571
Organization Overview
Artisans Asylum Inc is located in Boston, MA. The organization was established in 2012. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 06/2022, Artisans Asylum Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Artisans Asylum 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 06/2022, Artisans Asylum Inc generated $1.0m 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 (6.4%) each year. All expenses for the organization totaled $865.5k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (10.4%) per year over the past 5 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 SUPPORT AND PROMOTE THE TEACHING, LEARNING AND PRACTICE OF FABRICATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ARTISAN'S ASYLUM IS A NON-PROFIT COMMUNITY WORKSHOP IN BOSTON, MASSACHUSETTS. OUR MISSION IS TO SUPPORT AND PROMOTE THE TEACHING, LEARNING AND PRACTICE OF FABRICATION.TO SUPPORT THAT MISSION WE OFFER THE FOLLOWING:SHARED FABRICATION TOOLS AND EQUIPMENT IN ELECTRONICS, ROBOTICS, WOODWORKING, JEWELRY AND METALSMITHING, WELDING, PRECISION MACHINING, RAPID PROTOTYPING, DIGITAL FABRICATION, FIBER ARTS, SCREEN PRINTING AND MORE.A LARGE RANGE OF AFFORDABLE, PUBLICLY-ACCESSIBLE CLASSES OFFERED BY LOCAL ARTISANS, FOCUSING ON EITHER CREATING A FINAL PRODUCT THE STUDENT CAN TAKE HOME AFTER THE CLASS OR GENERAL TRAINING FOR SPECIFIC TOOLS.AFFORDABLE MONTHLY MEMBERSHIPS THAT INCLUDE ACCESS TO OUR FACILITY ON WEEKENDS AND AFTER TYPICAL WORKING HOURS.SPACE AND EQUIPMENT RENTALS TO MONTHLY MEMBERS INTERESTED IN HAVING ACCESS TO DESIGN AND FABRICATION EQUIPMENT WITHOUT HAVING TO INVEST IN CAPITAL EQUIPMENT AND LONG-TERM SPACE LEASES.ON-SITE MATERIAL AND PROJECT STORAGE ALLOWING MEMBERS TO CREATE AND STORE PROJECTS WITHOUT THE HASSLE OF HANDLING MATERIAL AND STORAGE LOGISTICS.HOST AND PROMOTE RELATED EVENTS WITH THE GOAL OF ENCOURAGING FABRICATION COMMUNITIES, SHARES SPACES & CULTURE.
ARTISAN'S ASYLUM IS A NON-PROFIT COMMUNITY WORKSHOP IN BOSTON, MASSACHUSETTS. OUR MISSION IS TO SUPPORT AND PROMOTE THE TEACHING, LEARNING AND PRACTICE OF FABRICATION.TO SUPPORT THAT MISSION WE OFFER THE FOLLOWING:SHARED FABRICATION TOOLS AND EQUIPMENT IN ELECTRONICS, ROBOTICS, WOODWORKING, JEWELRY AND METALSMITHING, WELDING, PRECISION MACHINING, RAPID PROTOTYPING, DIGITAL FABRICATION, FIBER ARTS, SCREEN PRINTING AND MORE.A LARGE RANGE OF AFFORDABLE, PUBLICLY-ACCESSIBLE CLASSES OFFERED BY LOCAL ARTISANS, FOCUSING ON EITHER CREATING A FINAL PRODUCT THE STUDENT CAN TAKE HOME AFTER THE CLASS OR GENERAL TRAINING FOR SPECIFIC TOOLS.AFFORDABLE MONTHLY MEMBERSHIPS THAT INCLUDE ACCESS TO OUR FACILITY ON WEEKENDS AND AFTER TYPICAL WORKING HOURS.SPACE AND EQUIPMENT RENTALS TO MONTHLY MEMBERS INTERESTED IN HAVING ACCESS TO DESIGN AND FABRICATION EQUIPMENT WITHOUT HAVING TO INVEST IN CAPITAL EQUIPMENT AND LONG-TERM SPACE LEASES.ON-SITE MATERIAL AND PROJECT STORAGE ALLOWING MEMBERS TO CREATE AND STORE PROJECTS WITHOUT THE HASSLE OF HANDLING MATERIAL AND STORAGE LOGISTICS.HOST AND PROMOTE RELATED EVENTS WITH THE GOAL OF ENCOURAGING FABRICATION COMMUNITIES, SHARES SPACES & CULTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Derezinski Former Director | Trustee | 1 | $0 |
Pamela Rosario Perez Director | Trustee | 1 | $0 |
Nicholas Warren Former Director | Trustee | 1 | $0 |
Ramesh Advani Director | Trustee | 1 | $0 |
Ariel Matisse President | OfficerTrustee | 1 | $0 |
Romaine Waite Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $325,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $302,252 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $627,252 |
| Total Program Service Revenue | $378,027 |
| Investment income | $4 |
| 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 | $1,099 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,006,679 |
| 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. | $62,284 |
| Compensation of current officers, directors, key employees. | $12,457 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $167,367 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,360 |
| Payroll taxes | $20,250 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $41,639 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $44,170 |
| Advertising and promotion | $173 |
| Office expenses | $89,550 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $293,301 |
| Travel | $3,470 |
| 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 | $21,154 |
| Insurance | $26,269 |
| All other expenses | $0 |
| Total functional expenses | $865,500 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $169,015 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $11,781 |
| Accounts receivable, net | $57,014 |
| 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 | $5,179 |
| Net Land, buildings, and equipment | $1,243,762 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $252,500 |
| Total assets | $1,739,251 |
| Accounts payable and accrued expenses | $69,458 |
| Grants payable | $0 |
| Deferred revenue | $52,862 |
| 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 | $1,227,031 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $241,977 |
| Total liabilities | $1,591,328 |
| Net assets without donor restrictions | -$19,670 |
| Net assets with donor restrictions | $167,593 |
| 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 | $1,739,251 |