Civic Intelligence

Encaustic Art Institute

990EZ • Fiscal year 2015 • EIN 27-1162666

Jan 01, 2015 to Dec 31, 2015 • Filed on Mar 24, 2016

18 County Road 55ACerrillos, NM 87010

(505) 424-6487

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2015

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2015

Net Margin

69th percentile

12%

Higher net margin than 69% of similar nonprofits.

2015 filings • NTEE A • <$500k nonprofits • Source year 2015

Top Officer Pay

70th percentile

$0

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • NTEE A • <$500k nonprofits • Source year 2015

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Assets

$10,038

No earlier filing loaded for comparison.

Net Assets

$10,038

No earlier filing loaded for comparison.

Liabilities

-

No earlier filing loaded for comparison.

Revenue

$81,275

No earlier filing loaded for comparison.

Expenses

$71,237

No earlier filing loaded for comparison.

Net Income

$10,038

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60K$40K$20K$0-$20KAssets 2015: $10,038Net Assets 2015: $10,0382015Assets 2016: $5,312Net Assets 2016: $5,3122016Assets 2017: $8,998Net Assets 2017: $8,9982017Assets 2018: $15,224Net Assets 2018: $15,2242018Assets 2019: $20,858Net Assets 2019: $20,8582019Assets 2020: $57,444Liabilities 2020: $37,200Net Assets 2020: $20,2442020Assets 2021: $43,236Liabilities 2021: $32,700Net Assets 2021: $10,5362021Assets 2022: $29,105Liabilities 2022: $32,700Net Assets 2022: -$3,5952022Assets 2023: $12,080Liabilities 2023: $31,020Net Assets 2023: -$18,9402023Assets 2024: $17,362Liabilities 2024: $31,020Net Assets 2024: -$13,6582024

Highlighted filing

2015

Assets$10,038
Liabilities-
Net Assets$10,038

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$150K$100K$50K$0-$50KRevenue 2015: $81,275Expenses 2015: $71,237Net Income 2015: $10,0382015Revenue 2016: $64,987Expenses 2016: $69,713Net Income 2016: -$4,7262016Revenue 2017: $84,729Expenses 2017: $81,043Net Income 2017: $3,6862017Revenue 2018: $103,640Expenses 2018: $97,414Net Income 2018: $6,2262018Revenue 2019: $96,504Expenses 2019: $97,623Net Income 2019: -$1,1192019Revenue 2020: $78,202Expenses 2020: $78,816Net Income 2020: -$6142020Revenue 2021: $51,916Expenses 2021: $61,624Net Income 2021: -$9,7082021Revenue 2022: $64,017Expenses 2022: $78,148Net Income 2022: -$14,1312022Revenue 2023: $59,595Expenses 2023: $74,940Net Income 2023: -$15,3452023Revenue 2024: $40,445Expenses 2024: $35,163Net Income 2024: $5,2822024

Highlighted filing

2015

Revenue$81,275
Expenses$71,237
Net Income$10,038
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Mar 24, 2016
Return Version
2015v2.1
Gross Receipts
$81,275
Mission and Program Overview

Mission

Promote public awareness, understanding, and appreciation of encaustic art. Also, offer space and programs for children and professional encaustic artists, to exchange information and technique for working with wax. And, provide all encaustic artists with a place to display and sell their art. The museum of encaustic art aims to grow america's largest, most extensive, and best represented encaustic art collection. The collection includes several categories of encaustic art, such as encaustic painting, encaustic with paper and photography, encaustic with mixed media, encaustic sculpture, encaustic monotypes, and cold wax. We intend to draw attention of this medium to the public at large through enticing exhibits, tours/hands-on demonstrations, and collaboratively working with other community organizations.

Encaustic art incs mission is: to promote public awareness, understanding and appreciation of encaustic/wax art. We do this by providing exhibit space to professional artists, and online artist exchange of information and technique, and hold workshops for persons of all ages.

Program Services

DescriptionGrantsExpenses
ENCAUSTIC ART INSTITUTE (EAI) CELEBRATED ITS 10TH YEAR ANNIVERSARY AND ACCOMPLISHED ITS LONG TERM GOAL OF MOVING ITS' GALLERY AND HEADQUARTERS TO SANTA FE, NM. WITH THIS MOVE, EAI MEMBERSHIP GREW, VISITORS GREW AND INVOLVEMENT WITHIN THE COMMUNITY EXPANDED. THE EAI GALLERY IS NOW DOUBLED IN SPACE AND IS ABLE TO SHOWCASE MORE ARTWORK AS WELL AS PROVIDING A SPACE EXCLUSIVE FOR WORKSHOPS AND DEMONSTRATIONS. EAI MEETS A COMMUNITY NEED BY INTRODUCING A NEW MEDIUM TO THE SCHOOL ARTS CURRICULUM IN ORDER TO REVITALIZE THE ART-MAKING EXPERIENCE AND PROVIDE NEW OPPORTUNITIES FOR CREATIVE EXPLORATION AND PROBLEM SOLVING USING THE INSTANT EFFECTS OF WAX. THIS EXPERIENCE IS BROADENED WITH A DISCUSSION OF THE HISTORY OF THIS UNIQUE MEDIUM, WHICH IS THE SECOND OLDEST ART FORM IN HUMAN HISTORY. EAI CONTINUES TO PROVIDE A FREE ONLINE MAGAZINE BI-ANNUALLY, PROVIDING A CONNECTION FOR ENCAUSTIC/WAX ENTHUSIASTS WORLD-WIDE, AND AN EXCHANGE OF INFORMATION FOR WORKING ARTISTS. AT EAI, BOTH EMERGING AND ESTABLISHED ARTISTS ARE EQUALLY VALUED AND SUPPORTED, AS ARE ART ENTHUSIASTS AND STUDENTS OF ENCAUSTIC ART, FROM YOUTH TO ADULTS. EAI ALSO BEGAN SOLICITING GRANT SUPPORT FOR THE FIRST TIME IN 2015, AS WELL AS DONATIONS IN ORDER TO MAINTAIN FINANCIAL HEALTH. THE COMMITMENT TO HIGHER RENT, AND HIGHER OPERATING COSTS HAS MOTIVATED EAI TO GAIN A BOTTOM-LINE BEYOND THE MEMBERSHIP FEES AND SALES OF ARTWORK. WITH THE MOVE, EAI ALSO EXPANDED IT'S HOURS FROM WEEKENDS ONLY TO 5 DAYS A WEEK AND OPEN 11 MONTHS OUT OF THE YEAR. CONSEQUENTLY, EAI SUCCESSFULLY WORKED TO CREATE A LARGER VOLUNTEER STAFF TO HELP WITH THE ADDED HOURS, AND ADDED SHOWINGS AND EVENTS HELD DURING THE YEAR.-$71,237
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
DOUGLAS MEHRENSDirector-$0--
Filing and Contact Details

Filer

Filer Name
Encaustic Art Inc
EIN
27-1162666
Address
18 COUNTY ROAD 55A, CERRILLOS, NM 87010

Signing Officer

Name
Douglas Mehrens
Title
Director
Signed
2016-03-24
Discuss with paid preparer
Yes

Preparer

Firm
Suzanne Smith CPA Pc
Address
3268 CASA RINCONADA, SANTA FE, NM 87507
Preparer
Suzanne Smith
Phone
5054243129
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 10

St elizabeth shelter 100 804 alarid street santa fe nm 87505 art smart 945 1516 pacheco street santa fe nm 87505 art smart 200 1516 pacheco street santa fe nm 87505

Form 990-ez, Part I, Line 16

Expenses advertising 6,792 moving expenses 6,484 office supplies 1,775 telephone 1,971 travel 3,224 art supplies 933 gala event expenses 3,485 grant writer fees 2,106 iea membership 75 juried exhibition costs 4,010 paypal fees 1,008 sponsorship dinners 751 non-investment depreciation 2,979 total 35,593

Form 990-ez, Part II, Line 24

Signs & graphics 0 1,496 less accumulated depreciation 0 898 paintings 0 761 less accumulated depreciation 0 457 computer equipment & software 0 2,706 less accumulated depreciation 0 1,624 total 0 1,984

Form 990-ez, Part III

Encaustic art incs mission is: to promote public awareness, understanding and appreciation of encaustic/wax art. We do this by providing exhibit space to professional artists, and online artist exchange of information and technique, and hold workshops for persons of all ages.

Form 990-ez, Part III, Line 28

Encaustic art institute (eai) celebrated its 10th year anniversary and accomplished its long term goal of moving its' gallery and headquarters to santa fe, nm. With this move, eai membership grew, visitors grew and involvement within the community expanded. The eai gallery is now doubled in space and is able to showcase more artwork as well as providing a space exclusive for workshops and demonstrations. Eai meets a community need by introducing a new medium to the school arts curriculum in order to revitalize the art-making experience and provide new opportunities for creative exploration and problem solving using the instant effects of wax. This experience is broadened with a discussion of the history of this unique medium, which is the second oldest art form in human history. Eai continues to provide a free online magazine bi-annually, providing a connection for encaustic/wax enthusiasts world-wide, and an exchange of information for working artists. At eai, both emerging and established artists are equally valued and supported, as are art enthusiasts and students of encaustic art, from youth to adults. Eai also began soliciting grant support for the first time in 2015, as well as donations in order to maintain financial health. The commitment to higher rent, and higher operating costs has motivated eai to gain a bottom-line beyond the membership fees and sales of artwork. With the move, eai also expanded it's hours from weekends only to 5 days a week and open 11 months out of the year. Consequently, eai successfully worked to create a larger volunteer staff to help with the added hours, and added showings and events held during the year.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ST ELIZABETH SHELTER 100 804 ALARID STREET SANTA FE NM 87505 ART SMART 945 1516 PACHECO STREET SANTA FE NM 87505 ART SMART 200 1516 PACHECO STREET SANTA FE NM 87505
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ENCAUSTIC ART INCS MISSION IS: TO PROMOTE PUBLIC AWARENESS, UNDERSTANDING AND APPRECIATION OF ENCAUSTIC/WAX ART. WE DO THIS BY PROVIDING EXHIBIT SPACE TO PROFESSIONAL ARTISTS, AND ONLINE ARTIST EXCHANGE OF INFORMATION AND TECHNIQUE, AND HOLD WORKSHOPS FOR PERSONS OF ALL AGES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ENCAUSTIC ART INSTITUTE (EAI) CELEBRATED ITS 10TH YEAR ANNIVERSARY AND ACCOMPLISHED ITS LONG TERM GOAL OF MOVING ITS' GALLERY AND HEADQUARTERS TO SANTA FE, NM. WITH THIS MOVE, EAI MEMBERSHIP GREW, VISITORS GREW AND INVOLVEMENT WITHIN THE COMMUNITY EXPANDED. THE EAI GALLERY IS NOW DOUBLED IN SPACE AND IS ABLE TO SHOWCASE MORE ARTWORK AS WELL AS PROVIDING A SPACE EXCLUSIVE FOR WORKSHOPS AND DEMONSTRATIONS. EAI MEETS A COMMUNITY NEED BY INTRODUCING A NEW MEDIUM TO THE SCHOOL ARTS CURRICULUM IN ORDER TO REVITALIZE THE ART-MAKING EXPERIENCE AND PROVIDE NEW OPPORTUNITIES FOR CREATIVE EXPLORATION AND PROBLEM SOLVING USING THE INSTANT EFFECTS OF WAX. THIS EXPERIENCE IS BROADENED WITH A DISCUSSION OF THE HISTORY OF THIS UNIQUE MEDIUM, WHICH IS THE SECOND OLDEST ART FORM IN HUMAN HISTORY. EAI CONTINUES TO PROVIDE A FREE ONLINE MAGAZINE BI-ANNUALLY, PROVIDING A CONNECTION FOR ENCAUSTIC/WAX ENTHUSIASTS WORLD-WIDE, AND AN EXCHANGE OF INFORMATION FOR WORKING ARTISTS. AT EAI, BOTH EMERGING AND ESTABLISHED ARTISTS ARE EQUALLY VALUED AND SUPPORTED, AS ARE ART ENTHUSIASTS AND STUDENTS OF ENCAUSTIC ART, FROM YOUTH TO ADULTS. EAI ALSO BEGAN SOLICITING GRANT SUPPORT FOR THE FIRST TIME IN 2015, AS WELL AS DONATIONS IN ORDER TO MAINTAIN FINANCIAL HEALTH. THE COMMITMENT TO HIGHER RENT, AND HIGHER OPERATING COSTS HAS MOTIVATED EAI TO GAIN A BOTTOM-LINE BEYOND THE MEMBERSHIP FEES AND SALES OF ARTWORK. WITH THE MOVE, EAI ALSO EXPANDED IT'S HOURS FROM WEEKENDS ONLY TO 5 DAYS A WEEK AND OPEN 11 MONTHS OUT OF THE YEAR. CONSEQUENTLY, EAI SUCCESSFULLY WORKED TO CREATE A LARGER VOLUNTEER STAFF TO HELP WITH THE ADDED HOURS, AND ADDED SHOWINGS AND EVENTS HELD DURING THE YEAR.
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