Art Equals Inc
- Assets
- $16.6k
- Revenue
- $32.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Covington, KY
- Founding
- Data as of
- 12/2022
- EIN
- 86-2083108
Organization Overview
Art Equals Inc is located in Covington, KY. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Art Equals 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, Art Equals Inc generated $32.9k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 55.5% each year . All expenses for the organization totaled $18.2k during the year ending 12/2022. While expenses have increased by 19.6% per year over the past 2 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE COMMUNITY BASED ART EVENTS ACTIVITIES AND FREE ART PACKETS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charlotte Reed Executive Director | 40 | $0 | |
Mark Reed Financial Secretary | 4 | $0 | |
Jennifer Holladay Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $32,274 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $605 |
| Total Revenue | $32,879 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $5,164 |
| Travel, conferences, and meetings | $653 |
| Printing and publications | $1,628 |
| Other expenses | $3,060 |
| Total operating and administrative expenses | $18,158 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $18,158 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,981 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $575 |
| Total assets | $16,556 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |