Arts Project INC EIN 82-4865346

Arts Project INC

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Empowering Baltimore youth through arts programs that build creativity, confidence, and leadership. For fiscal year 2024 it reported $111K in revenue, $85K in expenses, and $33K in net assets.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
Baltimore, MD
Website
www.theartsprojectinc.org
Filings
1 on file (2024–2024)
Revenue
$111KFY2024
Expenses
$85K
Net assets
$33K
People
6
Filings
1
Updates
0
More identity details & actions ⌄
EIN  82-4865346 Public charity (501(c)(3)) Baltimore, MD
Form 990 (PDF)
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Size
$100K–1M
What they do
Empowering Baltimore youth through arts programs that build creativity, confidence, and leadership.
Leadership
Andrea N Kennedy · Executive Director · $24K
Money in and out
$111K revenue, $85K expenses
Bottom line
46% program efficiency
Where the money goes · FY2024
Total revenue
$111K
Pt VIII · Ln 12
Total expenses
$85K
Pt IX · Ln 25
Net assets
$33K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $26K
Where spending went · Part IX cols B–D
Program services $0.46 Management & general $0.52 Fundraising $0.02
Program efficiency
46%
of spending reaches programs
Operating runway
5.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
+23%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total revenue
$111K
Pt VIII · Ln 12
Total expenses
$85K
Pt IX · Ln 25
Net assets
$33K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$26K
Total assetsPt X · Ln 16$37K
Program-expense ratioPt IX · col B46%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

3 program services account for $30K of program spending, described in the organization's own filed words · FY2024.
01

Create 4 Spring Break (C4SB) launched in 2018, is a 5-day arts immersion camp for Baltimore youth ages 6-11. Each spring, 20-40 participants attend full-day art classes that build creativity, confidence, and a love for the arts, culminating in a community showcase where youth present their work.

$12Kprogram expense
02

Program Partnership with Rise Arts Center

In partnership with RISE Arts Center of Baltimore, TAP provided music direction and arts integration for the Summer Performing Arts Program at Eubie Blake Jazz & Cultural Arts Center. Over five weeks, 18 youth ages 6-17, including youth of color and youth with ASD and other intellectual disabilities, engaged in music, drama, dance…

$11Kprogram expense
03

School Partnerships (Choir Club & Afterschool Programs) Art Club at Lakeland Elementary - Weekly club for approx. 25 K-2 students (predominately Hispanic) held 20 sessions annually. Focuses on visual art, creative expression, and confidence building. Choir Club at Southwest Public Charter School - Choir for approx.

$8Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CArts Project INC
EINHdr · item D82-4865346
Principal addressHdr · item CBaltimore, MD
WebsiteHdr · item Jwww.theartsprojectinc.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMD
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A20)
Ruling yearIRS BMFJun 2018

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
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
Executive Director
$24,475Pt VII · Sec A
Board Secretary
$1,050Pt VII · Sec A
Board President
$0Pt VII · Sec A
Board Vice President
$0Pt VII · Sec A
Board Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Andrea N Kennedy’s $24K as Executive Director is at the 20th percentile of top reported officer pay among 2213 $100K–1M 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.

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Statement of Revenue

Part VIII
Contributions & grants$62K · 56%
Program service revenue$48K · 44%
Contributions & grants56%$62K
Program service revenue44%$48K
— government grantsLn 1e$50K
Total revenueLn 12$111K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.46 Management & general $0.52 Fundraising $0.02
Program services46%$39K
Management & general52%$44K
Fundraising2%$1K
Total functional expensesLn 25$85K

Balance Sheet

Part X · end of year
CashLn 1$37K
Total assetsLn 16$37K
Total liabilitiesLn 26$4K
Total net assetsLn 32$33K
Months of cash on handcomputed5.3

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $37K · Operating expenses (Pt IX) $85K · Less non-cash grants $7K · Cash operating expenses/yr $78K
5.8 months
Where the money goes
Program services
Program services $39K · Total expenses $85K
46%
Management & General
Management & general $44K · Total expenses $85K
52%
Fundraising
Fundraising $1K · Total expenses $85K
2%
Cost to raise $1
Fundraising expense $1K · Solicited contributions $12K
$0.12 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $62K · Total revenue $111K
56%
Government reliance
Government grants $50K · Total revenue $111K
45%
Earned-income share
Program service revenue $48K · Total revenue $111K
44%
Investment reliance
Investment income $0 · Total revenue $111K
0%
Program self-sufficiency
Program service revenue $48K · Total expenses $85K
57%
Growth & trend
Revenue growth (YoY)
This year $111K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $33K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $111K · Expenses $85K
+23%
Liabilities-to-Assets
Total liabilities — · Total assets $37K
Net-asset ratio
Net assets $33K · Total assets $37K
88%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $37K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Andrea N Kennedy · Reported title Executive Director · Highest reported compensation $24K · Total expenses $85K
29%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $26K · Total expenses $85K
30%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 46%
Overhead ratio 52%
Fundraising cost ratio 2%
Accounting fee ratio 11%

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$150K

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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)$111K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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