Metropolitan Arts Institute
- Assets
- $3.7m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 30
- Location
- Phoenix, AZ
- Founding
- 06/1999
- Data as of
- 06/2022
- EIN
- 86-0917789
Organization Overview
Metropolitan Arts Institute is located in Phoenix, AZ. The organization was established in 1999. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Metropolitan Arts Institute employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Metropolitan Arts Institute 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 06/2022, Metropolitan Arts Institute generated $2.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $2.4m during the year ending 06/2022. While expenses have increased by 2.5% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION - THE SCHOOL IS DEDICATED TO PROVIDING STUDENTS WHO DEMONSTRATE DESIRE, INTEREST, AND TALENT IN THE ARTS WITH THE OPPORTUNITY TO PURSUE A RIGOROUS ACADEMIC PROGRAM OF INSTRUCTION WITH INDIVIDUALIZED PERFORMANCE BASED ASSESSMENT ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOOL PROVIDES INTEGRATED ACADEMIC AND ARTISITIC EDUCATIONAL PROGRAMS TO APPROXIMATELY 250 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Baker President | OfficerTrustee | 40 | $141,492 |
John Perovich President El | Trustee | 40 | $75,413 |
Jenny Quinn Academic Dir | Officer | 40 | $68,095 |
Nicole Olson Director | Trustee | 40 | $66,318 |
Nicholas Mcentire Business Man | Officer | 40 | $32,146 |
Shelby Maticic Director | Trustee | 1 | $3,675 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,708,337 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,222 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,719,559 |
| Total Program Service Revenue | $55,410 |
| Investment income | $1,893 |
| 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 | $2,768,436 |
| 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. | $387,139 |
| Compensation of current officers, directors, key employees. | $50,999 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $941,528 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $284,957 |
| Payroll taxes | $101,643 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $35,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $176,163 |
| Advertising and promotion | $0 |
| Office expenses | $125,837 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $215,461 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11,247 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $110,728 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,390,503 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200 |
| Savings and temporary cash investments | $2,151,215 |
| Pledges and grants receivable | $119,933 |
| Accounts receivable, net | $71 |
| 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 | $20,396 |
| Net Land, buildings, and equipment | $1,392,322 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,035 |
| Total assets | $3,709,172 |
| Accounts payable and accrued expenses | $76,457 |
| Grants payable | $0 |
| Deferred revenue | $27,485 |
| 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 | $107,259 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $25,197 |
| Total liabilities | $236,398 |
| Net assets without donor restrictions | $3,441,003 |
| Net assets with donor restrictions | $31,771 |
| 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 | $3,709,172 |