Artmorpheus INC EIN 45-3209966 Form 990 (PDF) Claim this org

Artmorpheus INC FY2023 filing

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Empowers artists and entrepreneurs to build sustainable careers and boost community vibrancy. For fiscal year 2023 it reported $295K in revenue, $175K in expenses, and $343K in net assets.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
Dorchester, MA
Website
www.artmorpheus.org
Filings
6 on file (2019–2023)
Revenue
$295KFY2023
Expenses
$175K
Net assets
$343K
People
3
Filings
6
Updates
0
More identity details & actions ⌄
EIN  45-3209966 Public charity (501(c)(3)) Dorchester, MA
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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Size
<$100K
What they do
Empowers artists and entrepreneurs to build sustainable careers and boost community vibrancy.
Leadership
Francesca Scire-Scappuzzo · Secretary and Director
Money in and out
$295K revenue, $175K expenses
Bottom line
95% program efficiency
Where the money goes · FY2023
Total revenue
$295K
Pt VIII · Ln 12
Total expenses
$175K
Pt IX · Ln 25
Net assets
$343K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $120K
Where spending went · Part IX cols B–D
Program services $0.95 Management & general $0.05 Fundraising $0.01
Program efficiency
95%
of spending reaches programs
Operating runway
22.7mo
months of highly liquid reserves at operating expense rate
Surplus margin
+41%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$295K
FY2023▲ +32%
Expenses
$175K
FY2023▲ +9%
Total assets
$343K
FY2023▲ +54%
Total liabilities
$0
FY2023
Total revenue
$295K
Pt VIII · Ln 12
Total expenses
$175K
Pt IX · Ln 25
Net assets
$343K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$120K
Total assetsPt X · Ln 16$343K
Program-expense ratioPt IX · col B95%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CArtmorpheus INC
EINHdr · item D45-3209966
Principal addressHdr · item CDorchester, MA
WebsiteHdr · item Jwww.artmorpheus.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A25)
Ruling yearIRS BMFJun 2012

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Secretary and Director
$0Pt VII · Sec A
Treasurer and Director
$0Pt VII · Sec A
President and Director
$0Pt VII · Sec A

Marea Parker’s $32K as President is at the 88th percentile of top reported officer pay among 250 <$100K arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2021FY2020FY2019
Marea Parker$31,900$49,450$8,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

1 program service account for $166K of program spending, described in the organization's own filed words · FY2022.
01

To support artists and creative entrepreneurs to build dynamic, sustainable practice & businesses and maximize their impact, boosting cultural, economic & social vibrancy in communities

$166Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$270K · 92%
Program service revenue$25K · 8%
Contributions & grants92%$270K
Program service revenue8%$25K
Total revenueLn 12$295K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.95 Management & general $0.05 Fundraising $0.01
Program services95%$166K
Management & general5%$8K
Fundraising1%$1K
Total functional expensesLn 25$175K

Balance Sheet

Part X · end of year
CashLn 1$331K
Total assetsLn 16$343K
Total liabilitiesLn 26$0
Total net assetsLn 32$343K
Months of cash on handcomputed22.7

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $331K · Operating expenses/yr $175K
22.7 months
Where the money goes
Program services
Program services $166K · Total expenses $175K
95%
Management & General
Management & general $8K · Total expenses $175K
5%
Fundraising
Fundraising $1K · Total expenses $175K
0.7%
Cost to raise $1
Fundraising expense (2-yr avg) $1K · Solicited contributions (2-yr avg) $239K
$0.01 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $270K · Total revenue $295K
92%
Government reliance
Government grants — · Total revenue $295K
Earned-income share
Program service revenue $25K · Total revenue $295K
8%
Investment reliance
Investment income $0 · Total revenue $295K
0%
Program self-sufficiency
Program service revenue $25K · Total expenses $175K
14%
Growth & trend
Revenue growth (YoY)
This year $295K · Prior year $224K
+32%
Revenue CAGR
FY2018 $158K · FY2022 $295K
+17%
Net-asset trend (YoY)
End of year $343K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $295K · Expenses $175K
+41%
Liabilities-to-Assets
Total liabilities — · Total assets $343K
Net-asset ratio
Net assets $343K · Total assets $343K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $343K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Francesca Scire-Scappuzzo · Reported title SECRETARY AND DIRECTOR · Highest reported compensation $0 · Total expenses $175K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $7K · Total expenses $175K
4%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 95%
Overhead ratio 5%
Fundraising cost ratio 0.5%
Revenue growth 32%
Accounting fee ratio 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$7K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$53K revenue · ⤓ 990 PDF
FY2023$295K revenue · viewing · ⤓ 990 PDF
FY2022$224K revenue · ⤓ 990 PDF
FY2021$172K revenue · ⤓ 990 PDF
FY2020$102K revenue · ⤓ 990 PDF
FY2019$158K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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