Liabilities / Assets
100th percentile
Higher debt load relative to assets than 100% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
369.25x
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on this filing.
Net Margin
Score unavailable
Net margin requires both revenue and expenses on this filing.
Top Officer Pay
78th percentile
Higher top officer pay than 78% of similar nonprofits.
Asset Growth
95th percentile
Faster asset growth than 95% of similar nonprofits.
Revenue Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Balance Sheet
Assets
Up$150
Up $100 (+200%) from 2022
Net Assets
Up-$55,238
Up $100 (+0.2%) from 2022
Liabilities
Flat$55,388
Flat from 2022
Revenue And Expenses
Revenue
$0
No earlier filing loaded for comparison.
Expenses
$0
No earlier filing loaded for comparison.
Net Income
$0
No earlier filing loaded for comparison.
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Sep 1, 2022 to Aug 31, 2023
- Signed
- Feb 25, 2024
- Return Version
- 2022v5.0
- Gross Receipts
- $0
Mission and Program Overview
Mission
Private International Education for the Arts K thru 12. Grades K - 5 are local and within a bussing system. Grades 6 - 12 are domestic and international.
Local, domestic and international education for the Fine Arts grades K - 12 including Math, Science, and Technology as arts with full accreditation curriculum content.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| 2022 - 2023 has been filled with infra-structure finalization of a start-up budget as well as a budgetary time-line, student population limits k - 12 but also includes a campus daycare for faculty and staff, required faculty and staff, daily and weekly class and campus schedule, preliminary security and technology needs and requirements, campus building platts completed, properties for campuses determined and budgeted, and an early administration personnell selection. A year of minutia and detail now organized. No small task. Curriculum details for both the Fine Arts and the Math, Sciences, and Technologies campuses sufficient to meet and surpass accreditation. To date self funded by the President. | $0 | $0 |
| Persons benefited will a comprehensive educational experience in both core subjects and content as well as discipline subjects and content for students and faculty. Making a better world by educating students according to their individual abilities and passions. Excelling the human condition. Thus far, self funded by the President. | $0 | $0 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Ruthanne Christensen | Chairperson Of The Board Of Directors | FT | $0 | - | - |
| Tony Wegener | Member Of The Board Of Directors | PT | $0 | - | - |
| Harold Oaks | Board Member | PT | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Petras Arts
- EIN
- 26-4128859
- Phone
- 8016807534
- Address
- 1579 N 50 W, Orem, UT 84057
Signing Officer
- Name
- Ruthanne Christensen
- Title
- President, CEO
- Phone
- 8016807534
- Signed
- 2024-02-25
Supplemental Narrative
Additional Explanations
Form 990-EZ, Part II, Line 26
“Unpaid balance on architectural services rendered held over until funding was/is completed as agreed upon before services were rendered. Funding has been delayed and has not been completed to this date.”
Form 990-EZ, Part III, Line (28-31)
“Schedule O. Funding has been international in source and affected by global chaos and disruptions. Funding has not yet been realized but the Vision is being kept alive personally by the President who maintains all records, all organizational state dues, and all other legal obligations to maintain the 501c3 status.”
Form 990-EZ, Part V, Line 44D
“All funding has been from international sources and has been met with extreme difficulty remaining yet to be realized due to global political and financial chaos.”
Raw XML Appendix171 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | Member of the Board of Directors |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | Board Member |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 0 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 0 |
| IRS990EZ/OtherRevenueTotalAmt | 0 | 0 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | Local, domestic and international education for the Fine Arts grades K - 12 including Math, Science, and Technology as arts with full accreditation curriculum content. |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 0 |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | 2022 - 2023 has been filled with infra-structure finalization of a start-up budget as well as a budgetary time-line, student population limits k - 12 but also includes a campus daycare for faculty and staff, required faculty and staff, daily and weekly class and campus schedule, preliminary security and technology needs and requirements, campus building platts completed, properties for campuses determined and budgeted, and an early administration personnell selection. A year of minutia and detail now organized. No small task. Curriculum details for both the Fine Arts and the Math, Sciences, and Technologies campuses sufficient to meet and surpass accreditation. To date self funded by the President. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 1 | Persons benefited will a comprehensive educational experience in both core subjects and content as well as discipline subjects and content for students and faculty. Making a better world by educating students according to their individual abilities and passions. Excelling the human condition. Thus far, self funded by the President. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 1 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 1 | 0 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 0 |
| IRS990EZ/SaleOfAssetsGrossAmt | 0 | 0 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | 0 |
| IRS990EZ/SpecialEventsDirectExpensesAmt | 0 | 0 |
| IRS990EZ/SpecialEventsNetIncomeLossAmt | 0 | 0 |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | UT |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 55388 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 55388 |
| IRS990EZ/TanningServicesProvidedInd | 0 | 0 |
| IRS990EZ/TaxImposedOnOrganizationMgrAmt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4911Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4912Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4955Amt | 0 | 0 |
| IRS990EZ/TaxReimbursedByOrganizationAmt | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 0 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 0 |
| IRS990EZ/TotalRevenueAmt | 0 | 0 |
| IRS990EZ/TransactionWithControlEntInd | 0 | 0 |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 0 | This Project was organized and verified by the IRS as a private educational institution with all funding coming from a public organization whose funding support was international. Recent years of geo-political financial turmoil, funding has been delayed. The project is waiting for the completion of funding and has received no finding wither publicly or privately to date. |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 0 | Schedule A, Part I, Line 10 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 0 |
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| IRS990ScheduleA/PrivateFoundation170Ind | 0 | X |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
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| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.00 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 0 |
| IRS990ScheduleA/SubstantialContributorsTotAmt | 0 | 0 |
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| IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Unpaid balance on architectural services rendered held over until funding was/is completed as agreed upon before services were rendered. Funding has been delayed and has not been completed to this date. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Schedule O. Funding has been international in source and affected by global chaos and disruptions. Funding has not yet been realized but the Vision is being kept alive personally by the President who maintains all records, all organizational state dues, and all other legal obligations to maintain the 501c3 status. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | All funding has been from international sources and has been met with extreme difficulty remaining yet to be realized due to global political and financial chaos. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990-EZ, Part II, Line 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990-EZ, Part III, Line (28-31) |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990-EZ, Part V, Line 44d |
| ReasonableCauseExplanation/ExplanationTxt | 0 | N/A |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd | 0 | AAL2 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/LastSubmissionRqrOOBCd | 0 | 1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd | 0 | 11 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd | 0 | 0 |
| ReturnHeader/BuildTS | 0 | 2023-04-26 12:10:37Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | Ruthanne Christensen |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | President, CEO |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 8016807534 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2024-02-25 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | PETRAS ARTS |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | PETR |
| ReturnHeader/Filer/EIN | 0 | 264128859 |
| ReturnHeader/Filer/PhoneNum | 0 | 8016807534 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 1579 N 50 W |
| ReturnHeader/Filer/USAddress/CityNm | 0 | Orem |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | UT |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 84057 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | 1 |
| ReturnHeader/ReturnTs | 0 | 2024-02-28T11:28:38-07:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | Ruthanne |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | Christensen |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2022-09-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2023-08-31 |
| ReturnHeader/TaxYr | 0 | 2022 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $150
- Liabilities
- $55,388
- Net assets
- -$55,238
- Revenue
- $0
- Expenses
- $0
- Net income
- $0