Artequity Community
- Assets
- $1.6m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 9
- Location
- Pasadena, CA
- Founding
- 06/2019
- Data as of
- 06/2023
- EIN
- 83-1936722
Organization Overview
Artequity Community is located in Pasadena, CA. The organization was established in 2019. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, Artequity Community employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Artequity Community 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 06/2023, Artequity Community generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 13.5% each year . All expenses for the organization totaled $951.2k during the year ending 06/2023. While expenses have increased by 10.6% per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
LAUNCHED IN 2015 AS A NATIONAL INITIATIVE, ARTEQUITY PROVIDES TOOLS, RESOURCES, AND TRAINING AT THE INTERSECTION OF ART AND ACTIVISM. WITH OVER 5,000 INDIVIDUALS TRAINED AND A GROWING ALUMNI COMMUNITY, ARTEQUITY IS BUILDING A BROAD BASE OF INDIVIDUALS AND ORGANIZATIONS WHO ARE STRATEGICALLY POISED TO CREATE AND SUSTAIN A CULTURE OF EQUITY, INCLUSION, AND JUSTICE THROUGH ARTS AND CULTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NATIONAL INITIATIVES: DEVELOPING/LAUNCHING EQUITY-BASED TRAINING, RESOURCES, AND PROGRAMMING FOR A DIVERSE COMMUNITY OF LEADERS AND ARTISTS IN THE ARTS SECTOR.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carmen Morgan Executive Dir. | OfficerTrustee | 40 | $74,529 |
Nijeul Xaviere Porter Vice President | Trustee | 5 | $8,884 |
Tiffany Joy Wilhelm Treasurer | Trustee | 5 | $293 |
Shannon Kelli Brunette President | Trustee | 5 | $0 |
Melissa Kievman Secretary | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $49,666 |
| Government grants | $14,985 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,145,383 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,210,034 |
| Total Program Service Revenue | $7,035 |
| 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 | $1,217,069 |
| 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. | $83,706 |
| Compensation of current officers, directors, key employees. | $23,824 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $322,457 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,070 |
| Payroll taxes | $32,755 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,439 |
| Fees for services: Accounting | $27,309 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $149,491 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $4,648 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $151,459 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $50,122 |
| Interest | $2,003 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,051 |
| All other expenses | $724 |
| Total functional expenses | $951,215 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,032,147 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $525,488 |
| 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 | $1,905 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,559,540 |
| Accounts payable and accrued expenses | $47,351 |
| 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 | $47,351 |
| Net assets without donor restrictions | $1,271,362 |
| Net assets with donor restrictions | $240,827 |
| 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 | $1,559,540 |