Artesmiami INC EIN 65-0610039

Artesmiami INC

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Supports and promotes Hispanic artists and cultural organizations to enrich South Florida's culture. For fiscal year 2025 it reported $67K in revenue, $101K in expenses, and $813K in net assets.Pt I

Founded
1995
Type
Public charity (501(c)(3)) · Arts & Culture
Location
Pinecrest, FL
Website
www.artesmiami.org
Filings
6 on file (2020–2025)
Revenue
$67KFY2025
Expenses
$101K
Net assets
$813K
People
18
Filings
6
Updates
0
More identity details & actions ⌄
EIN  65-0610039 Public charity (501(c)(3)) Pinecrest, FL Founded 1995
Form 990 (PDF)
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Size
<$100K
What they do
Supports and promotes Hispanic artists and cultural organizations to enrich South Florida's culture.
Leadership
Carlos Modia · Chairman
Money in and out
$67K revenue, $101K expenses
Bottom line
72% program efficiency
Where the money goes · FY2025
Total revenue
$67K
Pt VIII · Ln 12
Total expenses
$101K
Pt IX · Ln 25
Net assets
$813K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$35K
Where spending went · Part IX cols B–D
Program services $0.72 Management & general $0.28
Program efficiency
72%
of spending reaches programs▼ -2% vs prior filing year
Operating runway
97.2mo
months of highly liquid reserves at operating expense rate▲ +8% vs prior filing year
Surplus margin
-52%
revenue over expenses, this year▲ +64% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$67K
FY2025▲ +59%
Expenses
$101K
FY2025▼ -2%
Total assets
$822K
FY2025▲ +6%
Total liabilities
$9K
FY2025▼ -18%
Total revenue
$67K
Pt VIII · Ln 12
Total expenses
$101K
Pt IX · Ln 25
Net assets
$813K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$35K
Total assetsPt X · Ln 16$822K
Program-expense ratioPt IX · col B72%
Voting members of governing bodyPt I · Ln 318
Independent voting membersPt I · Ln 418
Mission & Programs · Part III

Where the work happens

1 program service account for $73K of program spending, described in the organization's own filed words · FY2025.
01

Increasing awareness and supporting local hispanic artists, art programs, art & cultural exhibitions, concerts, film making, cultural leaders recognition programs and promotions, poetry reading, poetry book sales, and other hispanic heritage cultural events

$73Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CArtesmiami INC
EINHdr · item D65-0610039
Principal addressHdr · item CPinecrest, FL
WebsiteHdr · item Jwww.artesmiami.org
Year of formationHdr · item L1995
State of legal domicileHdr · item MFL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A23)
Ruling yearIRS BMFApr 1996

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a18
Independent voting membersPt VI · Ln 1b18
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
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
Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chairma
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$56K · 84%
Investment income$11K · 16%
Contributions & grants84%$56K
Investment income16%$11K
Total revenueLn 12$67K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.72 Management & general $0.28
Program services72%$73K
Management & general28%$29K
Total functional expensesLn 25$101K

Balance Sheet

Part X · end of year
CashLn 1$281K
Total assetsLn 16$822K
Total liabilitiesLn 26$9K
Total net assetsLn 32$813K
Months of cash on handcomputed33.3

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $821K · Operating expenses/yr $101K
97.2 months
Where the money goes
Program services
Program services $73K · Total expenses $101K
72%
Management & General
Management & general $29K · Total expenses $101K
28%
Fundraising
Fundraising $0 · Total expenses $101K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $39K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $56K · Total revenue $67K
84%
Government reliance
Government grants — · Total revenue $67K
Earned-income share
Program service revenue $0 · Total revenue $67K
0%
Investment reliance
Investment income $11K · Total revenue $67K
+16%
Program self-sufficiency
Program service revenue $0 · Total expenses $101K
0%
Growth & trend
Revenue growth (YoY)
This year $67K · Prior year $42K
+59%
Revenue CAGR
FY2020 $290K · FY2025 $67K
-25%
Net-asset trend (YoY)
End of year $813K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $67K · Expenses $101K
-52%
Liabilities-to-Assets
Total liabilities — · Total assets $822K
Net-asset ratio
Net assets $813K · Total assets $822K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $540K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $822K
66%
People & payroll
Highest Reported Total Compensation
Individual Carlos Modia · Reported title CHAIRMAN · Highest reported compensation $0 · Total expenses $101K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $101K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 72%
Overhead ratio 28%
Revenue growth 59%

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 · this organization's grantmaking
Grants paid · 21 grants · $151K · 2020–2025
Club Expats LLCFY2025$5,075
Marti Productions INCFL · FY2024$5,088
Heberto Padilla FoundationFY2024$5,001
Perez Art MuseumFY2023$12,700
History Miami Willy Chirino 50 YearFY2023$5,260
Marti Productions INCFL · FY2023$5,120
Unitemized GrantFY2022$18,750
Unitemized GrantFY2022$7,500
Unitemized GrantFY2022$7,500
Diario Las AmericasFY2022$7,500
Unitemized GrantFY2022$3,750
Unitemized GrantFY2022$1,875
Unitemized GrantFY2022$500
Perez Art MuseumFY2021$5,064
Unitemized GrantFY2021$2,500
See all 21 grants →

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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
FY2025 (Latest)$67K revenue · viewing · ⤓ 990 PDF
FY2024$42K revenue · ⤓ 990 PDF
FY2023$155K revenue · ⤓ 990 PDF
FY2022$85K revenue · ⤓ 990 PDF
FY2021$258K revenue · ⤓ 990 PDF
FY2020$290K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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