International Porcelain Artists And Teachers Inc
- Assets
- $717.0k
- Revenue
- $118.2k
- Investments
- $0.0
- Employees
- 3
- Location
- Grapevine, TX
- Founding
- 12/1968
- Data as of
- 12/2021
- EIN
- 73-6120804
Organization Overview
International Porcelain Artists And Teachers Inc, operating under the name And Teachers Inc, is located in Grapevine, TX. The organization was established in 1968. As of 12/2021, And Teachers Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. And Teachers 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, And Teachers Inc generated $118.2k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $93.7k 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
EXCHANGE THOUGHTS AND IDEAS WITH ARTISTS HAVING SIMILAR INTERESTS. MAINTAIN A MUSEUM DEDICATED TO THE PURPOSE OF PROMOTING THE PORCELAIN ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONVENTIONS: IPAT PROVIDES VARIOUS CONVENTIONS, WORKSHOPS AND SCHOOLS TO ENCOURAGE PASSION ABOUT ARTS. IPAT, INC. SHALL HOLD IN EACH EVEN NUMBERED YEAR AN INTERNATIONAL CONVENTION (BIENNIAL) FOR THE PURPOSE OF PROMOTING THE PORCELAIN ARTS AND DISPLAYING AND EXHIBITING PORCELAIN ART WORKS (EXCLUDING ANY WORK DONE WITH DECALS). PROCEEDS FROM CONVENTIONS, SHALL AFTER ALL PAYMENTS OF ALL COSTS AND EXPENSES, BE APPLIED TO EDUCATIONAL PROJECTS AND MUSEUM PROJECTS.
MAGAZINES AND CERTIFICATIONS: THE PORCELAIN ARTIST MAGAZINE IS THE LARGEST AND MOST COMPREHENSIVE PORCELAIN ART MAGAZINE IN THE WORLD. IPAT CERTIFICATIONS RANGE FROM AMATEUR ARTIST, WHICH ADULTS AND CHILDREN CAN ATTAIN AS BEGINNING ARTISTS, PROGRESS UP THROUGH CERTIFIED ARTIST OR CERTIFIED TEACHER, AND FURTHER INTO A GRADUATE PROGRAM OF MASTER ARTIST OR MASTER TEACHER, TECHNIQUES AROUND THE WORLD, ADVANCED MASTER ARTIST OR ADVANCED MASTER TEACHER AND PORTRAIT CERTIFICATION. EACH WORKBOOK REQUIRES SPECIFIC TASKS WITH A GRADUAL LEARNING EXPERIENCE.
MUSEUM PROJECTS: IPAT'S MUSEUM HAS BEEN IN EXISTENCE FOR OVER 50+ YEARS. IT WAS FIRST LOCATED IN DALLAS THEN MOVED TO GRAPEVINE IN THE 1990'S. IT FEATURES PORCELAIN ART FROM ALL OVER THE WORLD IN VARIOUS STYLES AND TECHNIQUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tana Parks Chairman Of The Board, 1st | OfficerTrustee | 20 | $0 |
Cynthia Pinnell Historian | OfficerTrustee | 2 | $0 |
Kim Miles Recording Secretary | OfficerTrustee | 2 | $0 |
Eloise Pino Correspondence Secretary | OfficerTrustee | 2 | $0 |
Suzanne Painter President | OfficerTrustee | 2 | $0 |
Anna Marie Skonieczny Vice President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $47,254 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,159 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $56,413 |
| Total Program Service Revenue | $51,667 |
| Investment income | $1,931 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,519 |
| 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 | $118,186 |
| 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 | $27,173 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,679 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $6,116 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,132 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,834 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $93,730 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $101,262 |
| Savings and temporary cash investments | $402,610 |
| 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 | $16,512 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $193,733 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,882 |
| Total assets | $716,999 |
| Accounts payable and accrued expenses | $20,230 |
| 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 | $0 |
| Total liabilities | $20,230 |
| Net assets without donor restrictions | $673,745 |
| Net assets with donor restrictions | $23,024 |
| 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 | $716,999 |
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