Civic Intelligence

Encaustic Art Institute

990EZ • Fiscal year 2018 • EIN 27-1162666

Jan 01, 2018 to Dec 31, 2018 • Filed on Feb 27, 2019

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 2018

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2018

Net Margin

57th percentile

6.0%

Higher net margin than 57% of similar nonprofits.

2018 filings • NTEE A • <$500k nonprofits • Source year 2018

Top Officer Pay

71st percentile

$0

Higher top officer pay than 71% of similar nonprofits.

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

2018 filings • NTEE A • <$500k nonprofits • Source year 2018

Asset Growth

86th percentile

69%

Faster asset growth than 86% of similar nonprofits.

2018 filings • NTEE A • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

72nd percentile

22%

Faster revenue growth than 72% of similar nonprofits.

2018 filings • NTEE A • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Up

$15,224

Up $6,226 (+69%) from 2017

Net Assets

Up

$15,224

Up $6,226 (+69%) from 2017

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Up

$103,640

Up $18,911 (+22%) from 2017

Expenses

Up

$97,414

Up $16,371 (+20%) from 2017

Net Income

Up

$6,226

Up $2,540 (+69%) from 2017

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

2018

Assets$15,224
Liabilities-
Net Assets$15,224

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

2018

Revenue$103,640
Expenses$97,414
Net Income$6,226
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Feb 27, 2019
Return Version
2018v3.1
Gross Receipts
$103,640
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. Museum of encaustic art's mission is: the goal of the museum of encaustic art is to grow the largest, most extensive, and best represented encaustic art collection in america. This includes at least four 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 publicly display this collection in the same facility as the gallery for the encaustic art institute. Interesting and thought-provoking juried exhibitions are facilitated through the museum, such as 2017's global warming is real exhibition.

Program Services

DescriptionGrantsExpenses
ENCAUSTIC ART INSTITUTE (EAI) CELEBRATED ITS 15TH YEAR ANNIVERSARY ACCOMPLISHED ITS LONG TERM GOAL OF ADDING UNDER THE UMBRELLA OF EAI - THE MUSEUM OF ENCAUSTIC ART. HOUSED WITHIN THE SAME BUILDING, EAI NOW OFFERS 1500 SQUARE FEET OF DEDICATED SPACE FOR THE MUSEUM'S PERMANENT COLLECTION. PAID ATTENDANCE IS NOW IN PLACE. WITH EXPANDED EFFORTS IN MARKETING, ATTENDANCE HAS GROWN AND THE MUSEUM'S PRESENCE IS BEING RECOGNIZED. AN ADDED CHILDREN'S WORKSHOP AREA WAS CREATED, OFFERING FREE CHILDREN WORKSHOPS AGE 7-14, WHILE ADDING NEW INSTRUCTORS FOR THE EXISTING ADULT WORKSHOPS OFFERED. EAI STILL 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 UNIQUE MEDIUM IS THE SECOND OLDEST ART FROM IN HUMAN HISTORY AND CURRENTLY THE FASTEST GROWING MEDIUM IN THE US. EAI CONTINUES TO PROVIDE AN ONLINE MAGAZINE BI-ANNUALLY, PROVIDING A CONNECTION FOR ENCAUSTIC/WAX ENTHUSIASTS WORLD-WIDE, AND AN EXCHANGE OF INFORMATION FOR WORKING ARTISTS. IT CURRENTLY IS READ IN 22 COUNTRIES. IN 2016, EAI OPTED TO START SUBSCRIPTION PRICING - CHARGING FOR THE MAGAZINE THAT BEGAN AS FREE. AT EAI, BOTH EMERGING AND ESTABLISHED ARTISTS ARE EQUALLY VALUED AND SUPPORTED, AS ARE ART ENTHUSIASTS AND STUDENTS OF ENCAUSTIC/WAX ART, FROM YOUTH TO ADULTS. EAI CONTINUES TO SOLICIT GRANT SUPPORT, 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 EAI MEMBERSHIP FEES, WORKSHOP FEES, MUSEUM ATTENDANCE, AND SALES OF ARTWORK. IN 2017 THE MUSEUM OF ENCAUSTIC ART EXTENDED ITS HOURS TO 6 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.-$97,414
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
2019-02-27
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 16

Expenses advertising 6,882 office supplies 1,789 1099 form preparation fees 75 travel 7,245 art supplies 5,565 artists/teachers 12,347 grant writer fees 259 memberships 259 non-investment depreciation 529 total 34,950

Form 990-ez, Part II, Line 24

5,313 5,513 less accumulated depreciation 4,448 4,977 total 865 536

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. Museum of encaustic art's mission is: the goal of the museum of encaustic art is to grow the largest, most extensive, and best represented encaustic art collection in america. This includes at least four 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 publicly display this collection in the same facility as the gallery for the encaustic art institute. Interesting and thought-provoking juried exhibitions are facilitated through the museum, such as 2017's global warming is real exhibition.

Form 990-ez, Part III, Line 28

Encaustic art institute (eai) celebrated its 15th year anniversary accomplished its long term goal of adding under the umbrella of eai - the museum of encaustic art. Housed within the same building, eai now offers 1500 square feet of dedicated space for the museum's permanent collection. Paid attendance is now in place. With expanded efforts in marketing, attendance has grown and the museum's presence is being recognized. An added children's workshop area was created, offering free children workshops age 7-14, while adding new instructors for the existing adult workshops offered. Eai still 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 unique medium is the second oldest art from in human history and currently the fastest growing medium in the us. Eai continues to provide an online magazine bi-annually, providing a connection for encaustic/wax enthusiasts world-wide, and an exchange of information for working artists. It currently is read in 22 countries. In 2016, eai opted to start subscription pricing - charging for the magazine that began as free. At eai, both emerging and established artists are equally valued and supported, as are art enthusiasts and students of encaustic/wax art, from youth to adults. Eai continues to solicit grant support, 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 eai membership fees, workshop fees, museum attendance, and sales of artwork. In 2017 the museum of encaustic art extended its hours to 6 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/ExplanationTxt2ENCAUSTIC 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. MUSEUM OF ENCAUSTIC ART'S MISSION IS: THE GOAL OF THE MUSEUM OF ENCAUSTIC ART IS TO GROW THE LARGEST, MOST EXTENSIVE, AND BEST REPRESENTED ENCAUSTIC ART COLLECTION IN AMERICA. THIS INCLUDES AT LEAST FOUR 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 PUBLICLY DISPLAY THIS COLLECTION IN THE SAME FACILITY AS THE GALLERY FOR THE ENCAUSTIC ART INSTITUTE. INTERESTING AND THOUGHT-PROVOKING JURIED EXHIBITIONS ARE FACILITATED THROUGH THE MUSEUM, SUCH AS 2017'S GLOBAL WARMING IS REAL EXHIBITION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ENCAUSTIC ART INSTITUTE (EAI) CELEBRATED ITS 15TH YEAR ANNIVERSARY ACCOMPLISHED ITS LONG TERM GOAL OF ADDING UNDER THE UMBRELLA OF EAI - THE MUSEUM OF ENCAUSTIC ART. HOUSED WITHIN THE SAME BUILDING, EAI NOW OFFERS 1500 SQUARE FEET OF DEDICATED SPACE FOR THE MUSEUM'S PERMANENT COLLECTION. PAID ATTENDANCE IS NOW IN PLACE. WITH EXPANDED EFFORTS IN MARKETING, ATTENDANCE HAS GROWN AND THE MUSEUM'S PRESENCE IS BEING RECOGNIZED. AN ADDED CHILDREN'S WORKSHOP AREA WAS CREATED, OFFERING FREE CHILDREN WORKSHOPS AGE 7-14, WHILE ADDING NEW INSTRUCTORS FOR THE EXISTING ADULT WORKSHOPS OFFERED. EAI STILL 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 UNIQUE MEDIUM IS THE SECOND OLDEST ART FROM IN HUMAN HISTORY AND CURRENTLY THE FASTEST GROWING MEDIUM IN THE US. EAI CONTINUES TO PROVIDE AN ONLINE MAGAZINE BI-ANNUALLY, PROVIDING A CONNECTION FOR ENCAUSTIC/WAX ENTHUSIASTS WORLD-WIDE, AND AN EXCHANGE OF INFORMATION FOR WORKING ARTISTS. IT CURRENTLY IS READ IN 22 COUNTRIES. IN 2016, EAI OPTED TO START SUBSCRIPTION PRICING - CHARGING FOR THE MAGAZINE THAT BEGAN AS FREE. AT EAI, BOTH EMERGING AND ESTABLISHED ARTISTS ARE EQUALLY VALUED AND SUPPORTED, AS ARE ART ENTHUSIASTS AND STUDENTS OF ENCAUSTIC/WAX ART, FROM YOUTH TO ADULTS. EAI CONTINUES TO SOLICIT GRANT SUPPORT, 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 EAI MEMBERSHIP FEES, WORKSHOP FEES, MUSEUM ATTENDANCE, AND SALES OF ARTWORK. IN 2017 THE MUSEUM OF ENCAUSTIC ART EXTENDED ITS HOURS TO 6 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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ReturnHeader/PreparerPersonGrp/PreparationDt02019-02-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SUZANNE SMITH
ReturnHeader/ReturnTs02019-03-05T21:28:51-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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