Artwaves
- Assets
- $529.4k
- Revenue
- $81.4k
- Investments
- $0.0
- Employees
- 1
- Location
- Bar Harbor, ME
- Founding
- 10/2017
- Data as of
- 12/2020
- EIN
- 82-1844074
Organization Overview
Artwaves is located in Bar Harbor, ME. The organization was established in 2017. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Artwaves 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, Artwaves generated $81.4k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 17.4% each year . All expenses for the organization totaled $68.0k during the year ending 12/2020. While expenses have increased by 20.6% per year over the past 4 years. They've been increasing with an increasing level of total revenue. 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
ARTWAVES SERVES AS A CENTER OF LEARNING, ENGAGEMENT AND COMMUNITY FOR INDIVIDUALS AT EVERY SKILL LEVEL TO EXPERIENCE AND CREATE ART.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ARTWAVES SERVES AS A CENTER OF LEARNING, ENGAGEMENT AND COMMUNITY FOR INDIVIDUALS AT EVERY SKILL LEVEL TO EXPERIENCE AND CREATE ART.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donna Domiano Vice Preside | OfficerTrustee | 6 | $0 |
Julie Meltzer President | OfficerTrustee | 20 | $0 |
Jenna Jandreau Secretary | OfficerTrustee | 2 | $0 |
Margaret Beaulieu Board Member | Trustee | 10 | $0 |
Liz Cutler Board Member | Trustee | 7 | $0 |
David Lamon Treasurer | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $52,543 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,389 |
| 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 | $81,414 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $15,934 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,804 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,637 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,965 |
| Advertising and promotion | $778 |
| Office expenses | $2,095 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,406 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $13,942 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,811 |
| Insurance | $4,638 |
| All other expenses | $0 |
| Total functional expenses | $68,010 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,858 |
| Savings and temporary cash investments | $5,525 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $14,988 |
| Other assets | $0 |
| Total assets | $529,427 |
| 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 | $122,441 |
| Secured mortgages and notes payable | $388,104 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $510,545 |
| 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 |
| Total liabilities and net assets/fund balances | $18,882 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Artwaves has recieved totaling $16,005.
| Awarding Organization | Amount |
|---|---|
Onion Foundation Wayne, ME PURPOSE: GENERAL PURPOSE | $11,000 |
Bangor Savings Bank Foundation Bangor, ME PURPOSE: GENERAL OPERATING SUPPORT | $4,000 |
Fore River Foundation Portland, ME PURPOSE: UNRESTRICTED | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Gallery Inc Lebanon, NH | $6,063,802 | $1,233,461 |
Cobscook Community Learning Center Trescott, ME | $3,718,978 | $1,225,738 |
Waterfall Arts Belfast, ME | $1,786,226 | $827,974 |
Arts In Reach-Encouraging Growth Through The Arts Portsmouth, NH | $413,495 | $458,459 |
Fiddlehead Center For The Arts Scarborough, ME | $112,291 | $267,546 |
Peacock Players Inc Nashua, NH | $365,140 | $189,037 |
Celebration Barn Theater South Paris, ME | $618,112 | $274,113 |
Illustration Institute Portland, ME | $1,033,085 | $146,402 |
Bridgton Art Guild Inc Bridgton, ME | $81,166 | $133,191 |
North Country Studio Workshops Inc North Hampton, NH | $164,810 | $0 |
Littleton Studio School Littleton, NH | $134,274 | $0 |
La Arts Lewiston, ME | $253,734 | $173,144 |