Bo Art Inc
- Assets
- $11.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Hilton Head Island, SC
- Founding
- 05/2019
- Data as of
- 12/2022
- EIN
- 83-2579189
Organization Overview
Bo Art Inc is located in Hilton Head Island, SC. The organization was established in 2019. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, 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. Bo Art 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 12/2022, Bo Art Inc generated $22.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (23.9%) each year. All expenses for the organization totaled $25.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (14.0%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
28 BO ART RENTS STUDIO SPACE TO UP TO 9 ARTISTS AT ITS STUDIO FACILITY THAT PROVIDES A WELCOMING MAKER SPACE FOR MULTIPLE ARTISTIC MEDIUMS SUCH AS DRAWING, PAINTING, POTTERY, TEXTILES, AND FUSED GLASS. THE STUDIO CONTAINS GALLERY SPACE FOR THE SALE OF THE ARTISTS' WORKS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Blake Shattuck President | 3 | $0 | |
Jane Joseph Secretary | 3 | $0 | |
Kathy Jackson Treasurer | 3 | $0 | |
Eleanor Desole Director | 2 | $0 | |
Jennifer Winzeler Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $750 |
| Total Program Service Revenue | $20,574 |
| Membership dues | $0 |
| Investment income | $11 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $22,241 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $749 |
| Occupancy, rent, utilities, and maintenance | $23,272 |
| Printing, publications, postage, and shipping | $56 |
| Other expenses | $1,427 |
| Total expenses | $25,504 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $10,996 |
| Other assets | $0 |
| Total assets | $10,996 |
| Total liabilities | $25 |
| Net assets or fund balances | $10,971 |