Artbeat Inc
- Assets
- -$24.0k
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 4
- Location
- Visalia, CA
- Founding
- Data as of
- 06/2016
- EIN
- 94-3097468
Organization Overview
Artbeat Inc, operating under the name Artbeat Shows, is located in Visalia, CA. As of 06/2016, Artbeat Shows employed 4 individuals. Artbeat Shows is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2016
Describe the Organization's Mission:
Part 3 - Line 1
TO PRESENT THE FINEST CULTURAL ENTERTAINMENT IN THE UNITED STATES WITH AN EYE TO BRINGING THE ARTS TO UNDERSERVED COMMUNITIES , SUCH AS SENIOR CITIZENS, MINORITIES AND GEOGRAPHICALLY REMOTE CITIES THAT DONT HAVE THE MEANS OR KNOWLEDGE TO BRING QUALITY EVENTS TO THEIR COMMUNITES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE FISCAL YEAR, 2014-15, ARTBEAT TOURED LIVE THEATRICAL PRODUCTIONS TO THEATERS IN 24 STATES. SHOWS PRESENTED INCLUDED IN THE MOOD A 1940S PATRIOTIC BIG BAND SONG AND DANCE MUSICAL, IN 58 VENUES. ARTBEAT HAS BEEN TOURING IN THE MOOD FOR THE LAST 8 YEARS INCOME2,599,270 EXPENSE2,639,129 LOSS 39,158
ARTBEAT PRESENTED SERVERAL SMALLER SHOWS, THE RUSSIAN GRAND BALLET, MARIACHI SOL DE MEXICO, SECOND DITY, SLUGGER OTOLLE, COUNT BASSIE ORCHESTRA AND UNDER THE STREET LAMP AT THE FOX THEATRE IN VISALIA CA. NEXT TO THE TULARE SYMPHONY, ARTBEAT BECAME THE MOST ACTIVE USER OF THE VISALIA FOX THEATRE AND THESE SMALL HOME TOWN SHOWS TURN OUT TO BE THE ONLY PROFITABLE SHOWS FOR THE 2015 FISCAL YEAR.
FOREVER TANGO, WHICH IN THE PAST HAD BEEN A VERY PROFITABLE SHOW, ESPECIALLY IN THE SAN FRANCISCO WHERE IN THE LATE 90S IT PLAYED CONTINUOUSLY OVER A TWO-YEAR SPAN FOR 97 WEEKS. THE SHOW HAD RETURN EVERY FOUR OR FIVE YEARS HAVING SUCESSFUL RUNS EACH TIME. HOWEVER, OUR RETURN THIS HOLIDAY SEASON, AS WE HAD IN THE PAST PROVED VERY UNSUCCESSFUL, LOSING OVER 1/2 MILLINON.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Aldag Treasurer | OfficerTrustee | 3 | $0 |
John Duykeres Director | Trustee | 3 | $0 |
Isabel Degadillo Dvalez Director | Trustee | 3 | $0 |
Richard Stewart Director | Trustee | 3 | $0 |
Beverly Hawkins Secretary | OfficerTrustee | 3 | $0 |
Leilani Mccoy Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,000 |
| Total Program Service Revenue | $1,780,529 |
| Investment income | $130 |
| 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 | $1,784,659 |
| 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. | $54,251 |
| Compensation of current officers, directors, key employees. | $5,968 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $71,832 |
| Pension plan accruals and contributions | $4,250 |
| Other employee benefits | $0 |
| Payroll taxes | $10,216 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $590,913 |
| Office expenses | $1,457 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $102,577 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,913 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $276 |
| Insurance | $10,996 |
| All other expenses | $15,723 |
| Total functional expenses | $2,484,940 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$24,373 |
| Savings and temporary cash investments | $0 |
| 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 |
| Net Land, buildings, and equipment | $413 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | -$23,960 |
| Accounts payable and accrued expenses | $545 |
| 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 | $199,546 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $200,091 |
| Unrestricted restricted net Assets | -$224,051 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | -$224,051 |