St Louis Art Place Initiative Inc
- Assets
- $283.4k
- Revenue
- $342.6k
- Investments
- $0.0
- Employees
- 1
- Location
- Saint Louis, MO
- Founding
- 11/2019
- Data as of
- 12/2021
- EIN
- 32-0588841
Organization Overview
St Louis Art Place Initiative Inc is located in Saint Louis, MO. The organization was established in 2019. According to its NTEE Classification (C99) the organization is classified as: Environment N.E.C., under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Louis Art Place Initiative 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 12/2021, St Louis Art Place Initiative Inc generated $342.6k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 16.0% each year . All expenses for the organization totaled $414.7k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ST. LOUIS ART PLACE INITIATIVE IS A COMMUNITY LAND TRUST WITH A MISSION OF BUILDING WEALTH AND EQUITY THROUGH HOMEOWNERSHIP FOR LOW- AND MODERATE-INCOME ARTISTS OF ALL DISCIPLINES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ST. LOUIS ART PLACE INITIATIVE HAS BEEN MAKING CONTINUING EFFORTS TO DEVELOP 26 PARCELS IN THE LOCAL GRAVOIS PARK NEIGHBORHOOD AND THE FORMATION OF A COMMUNITY LAND TRUST TO FURTHER ITS MISSION TO PROVIDE AFFORDABLE HOUSING FOR LOW TO MODERATE INCOME ARTISTS AND HAS STARTED SELLING THE IMPROVED PROPERTIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Pierson Board Member | Trustee | $0 | |
Mk Stallings Board Member | Trustee | $0 | |
Grace Kyung Board Member | Trustee | $0 | |
Nicole Hudson Board Member | Trustee | $0 | |
Phil Minden Board Member | Trustee | $0 | |
Mark Murray Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $167,617 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $167,617 |
| Total Program Service Revenue | $175,000 |
| Investment income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $342,617 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $48,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,200 |
| Payroll taxes | $3,941 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,828 |
| Fees for services: Accounting | $3,811 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $142 |
| Office expenses | $603 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,800 |
| Travel | $10 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,813 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $9,237 |
| Total functional expenses | $414,667 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,149 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $277,912 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $300 |
| Total assets | $283,361 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $111,754 |
| Total liabilities | $111,754 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $171,607 |
| Total liabilities and net assets/fund balances | $283,361 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that St Louis Art Place Initiative Inc has recieved totaling $21,000.
| Awarding Organization | Amount |
|---|---|
Kranzberg Arts Foundation St Louis, MO PURPOSE: PURCHASE HOUSING FOR LOW INCOME ARTISTS | $21,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kansas Association Of Child Care Resource And Referral Agencies Salina, KS | $5,216,379 | $98,524,579 |
Sahara Conservation Fund St Louis, MO | $1,650,804 | $2,366,783 |
Parks Alliance Of Louisville Inc Louisville, KY | $3,804,917 | $4,767,335 |
Dogwood Canyon Foundation Springfield, MO | $39,263,762 | $34,107 |
American Mathematical Association Of Two Year Colleges Inc Memphis, TN | $2,684,131 | $920,073 |
Wdh Foundation-C3 Tr Saint Louis, MO | $38,298,964 | $2,032,305 |
Land Improvement Contractors Of America Inc Lisle, IL | $378,852 | $543,453 |
Inland Rivers Ports And Terminals Inc St Louis, MO | $435,381 | $507,075 |
Fort Campbell Historical Foundation Inc Ft Campbell, KY | $9,850,011 | $365,456 |
Wdh Foundation-C4 Saint Louis, MO | $87,080,899 | $1,816,393 |
St Louis Art Place Initiative Inc Saint Louis, MO | $283,361 | $342,617 |
Grand Island Area Clean Community System Inc Grand Island, NE | $267,697 | $453,618 |