Artsmart
- Assets
- $1.7m
- Revenue
- $218.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Santa Fe, NM
- Founding
- 03/1997
- Data as of
- 12/2020
- EIN
- 74-2810762
Organization Overview
Artsmart is located in Santa Fe, NM. The organization was established in 1997. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Artsmart 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, Artsmart generated $218.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (15.2%) each year. All expenses for the organization totaled $283.3k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (8.2%) per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
ARTSMART IS DEDICATED TO THE URGENT NEED FOR SCHOOL CHILDREN IN SANTA FE TO RECEIVE ART EDUCATION AND ART SUPPLIES IN ADDITION, ARTSMART IS PROVIDING ART EDUCATION TO CHILDREN AGES 8 THROUGH 18. THIS PROGRAM PROVIDES OPPORTUNITIES FOR SELF EXPRESSION NOT FOUND IN OTHER SETTINGS OR PUBLIC SCHOOLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ARTSMART IS DEDICATED TO THE URGENT NEED FOR SCHOOL CHILDREN IN SANTA FE TO RECEIVE ART EDUCATION AND ART SUPPLIES. IN ADDITION, ARTSMART IS PROVIDING ART EDUCATION TO CHILDREN AGES 8 THROUGH 18. THIS PROGRAM PROVIDES OPPORTUNITIES FOR SELF-EXPRESSION NOT FOUND IN OTHER SETTINGS OR PUBLIC SCHOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amanda Thomas Executive Director | Officer | 40 | $56,632 |
Patrick Gendron President | OfficerTrustee | 5 | $0 |
Bill Baker Vice President | OfficerTrustee | 5 | $0 |
Susan Mcgarry Secretary | OfficerTrustee | 5 | $0 |
Linda Vieira Treasurer | OfficerTrustee | 5 | $0 |
Connie Axton Development | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $13,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $86,015 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $99,515 |
| Total Program Service Revenue | $40,001 |
| Investment income | $28,309 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $9,132 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $41,720 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $218,677 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $16,916 |
| 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 | $130,127 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $17,581 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $29,053 |
| Fees for services: Accounting | $4,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,003 |
| Office expenses | $1,816 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $43 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11,039 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $29,430 |
| Insurance | $0 |
| All other expenses | $164 |
| Total functional expenses | $283,291 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $256,132 |
| Savings and temporary cash investments | $458,340 |
| 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 | $997,566 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $3,118 |
| Other assets | $0 |
| Total assets | $1,715,156 |
| Accounts payable and accrued expenses | $3,097 |
| Grants payable | $0 |
| Deferred revenue | $17,500 |
| 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 | $343,699 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $56,300 |
| Total liabilities | $420,596 |
| Net assets without donor restrictions | $836,220 |
| Net assets with donor restrictions | $458,340 |
| 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 | $1,715,156 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Artsmart has recieved totaling $20,101.
| Awarding Organization | Amount |
|---|---|
Santa Fe Community Foundation Santa Fe, NM PURPOSE: GENERAL OPERATING SUPPORT | $18,500 |
Nancy Ann Mellen Foundation East Haven, CT PURPOSE: UNRESTRICTED | $1,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $101 |
Endowment Analysis
| Beg. Balance | $414,586 |
| Other Expense | $16,565 |
| Ending Balance | $458,340 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Education Service Center Region Xiii Austin, TX | $57,202,932 | $81,882,395 |
Life School Of Dallas Red Oak, TX | $119,776,308 | $72,202,880 |
Classical Academy Colorado Springs, CO | $97,154,437 | $39,391,484 |
Austin Achieve Public Schools Inc Austin, TX | $59,873,760 | $31,154,261 |
Spectrum Healthcare Group Inc Cottonwood, AZ | $17,862,058 | $29,292,227 |
National Math And Science Initiative Inc Dallas, TX | $26,216,573 | $26,013,416 |
Wayside Schools Austin, TX | $44,220,999 | $24,827,897 |
Heritage Hall Oklahoma City, OK | $29,893,924 | $20,863,460 |
Arizona Agribusiness & Equine Center Phoenix, AZ | $41,363,992 | $18,352,142 |
Austin Trinity School Austin, TX | $48,197,793 | $16,908,197 |
Arlington Classics Academy Arlington, TX | $32,317,939 | $15,087,121 |
Northwest Christian School Phoenix, AZ | $14,587,608 | $15,711,697 |