Civic Intelligence

Encaustic Art Institute

990EZ • Fiscal year 2020 • EIN 27-1162666

Jan 01, 2020 to Dec 31, 2020 • Filed on Mar 31, 2021

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

86th percentile

0.65x

Higher debt load relative to assets than 86% of similar nonprofits.

2020 filings • NTEE A • <$500k nonprofits • Source year 2020

Liabilities / Revenue

87th percentile

0.48x

Higher debt load relative to revenue than 87% of similar nonprofits.

2020 filings • NTEE A • <$500k nonprofits • Source year 2020

Net Margin

40th percentile

-0.8%

Higher net margin than 40% of similar nonprofits.

2020 filings • NTEE A • <$500k nonprofits • Source year 2020

Top Officer Pay

73rd percentile

$0

Higher top officer pay than 73% of similar nonprofits.

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

2020 filings • NTEE A • <$500k nonprofits • Source year 2020

Asset Growth

90th percentile

175%

Faster asset growth than 90% of similar nonprofits.

2020 filings • NTEE A • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

53rd percentile

-19%

Faster revenue growth than 53% of similar nonprofits.

2020 filings • NTEE A • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$57,444

Up $36,586 (+175%) from 2019

Net Assets

Down

$20,244

Down $614 (-2.9%) from 2019

Liabilities

$37,200

No earlier filing loaded for comparison.

Revenue

Down

$78,202

Down $18,302 (-19%) from 2019

Expenses

Down

$78,816

Down $18,807 (-19%) from 2019

Net Income

Up

-$614

Up $505 (+45%) from 2019

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

2020

Assets$57,444
Liabilities$37,200
Net Assets$20,244

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

2020

Revenue$78,202
Expenses$78,816
Net Income-$614
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Mar 31, 2021
Return Version
2020v4.0
Gross Receipts
$78,202
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 inc's mission is: to promote public awareness, understanding and appreciation of encaustic/wax art. We do this by providing exhibit space to professional artists, an online artist exchange of information and technique, and hold workshops for persons of all ages. Due to the pandemic, the eai members gallery and adult workshops and juried national exhibits have gone online. Space for a new physical location is currently being negotiated. 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. The museum of encaustic art will open to the public in may 2021, after being closed due to the pandemic. Interesting and thought-provoking juried exhibitions are fa

Program Services

DescriptionGrantsExpenses
ENCAUSTIC ART INSTITUTE (EAI) CELEBRATED ITS 17TH YEAR ANNIVERSARY AND ACCOMPLISHED ITS LONG-TERM GOAL OF ADDING THE MUSEUM OF ENCAUSTIC ART UNDER THE UMBRELLA OF EAI. HOUSED IN A NEW LOCATION IN 2021, EAI OFFERS 1500 SQUARE FEET OF DEDICATED SPACE FOR THE MUSEUM'S PERMANENT COLLECTION. PAID ATTENDANCE IS NOW IN PLACE. EXPANDED EFFORTS IN MARKETING HAS ALLOWED ATTENDANCE TO GROW AND THE MUSEUM'S PRESENCE IS BEING RECOGNIZED AS THE ONLY ENCAUSTIC/WAX MUSEUM IN AMERICA. ADULT WORKSHOPS ARE BEING FACILITATED THROUGH ZOOM, BECAUSE PANDEMIC REQUIREMENTS PROHIBITED GATHERINGS, THE PUBLIC AT LARGE IS FINDING ITS CONFIDENCE IN MEETING IN SMALL GROUPS. EAI'S MEMBER GALLERY IS CURRENTLY IN STORAGE, AND A PERSISTENT MARKETING AND SOCIAL MEDIA CAMPAIGN BOOSTS THE GALLERY'S ONLINE PRESENCE. NEWLY ALLOCATED SPACE FOR THE GALLERY/WORKSHOPS IS IN NEGOTIATION. 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 UNITED STATES. EAI CONTINUES TO PROVIDE A BI-ANNUAL ONLINE MAGAZINE THAT OFFERS A CONNECTION FOR ENCAUSTIC/WAX ENTHUSIASTS WORLD-WIDE TOGETHER WITH AN EXCHANGE OF INFORMATION FOR WORKING ARTISTS. IT CURRENTLY IS READ IN 44 COUNTRIES. EAI OFFERS SUBSCRIPTION PRICING PLUS VENDOR AND ARTIST ADVERTISING WHICH ALLOWS THE MAGAZINE TO RUN IN THE BLACK. AT EAI, EMERGING AND ESTABLISHED ARTISTS ARE HIGHLY VALUED AND SUPPORTED AS ARE ART ENTHUSIASTS AND STUDENTS OF ENCAUSTIC/WAX ART OF ALL AGES. EAI CONTINUES TO SOLICIT GRANT SUPPORT AND DONATIONS IN ORDER TO MAINTAIN FINANCIAL HEALTH. THE COMMITMENT TO RELOCATE AND EXPAND ONLINE, NEGOTIATE NEW SPACE AGREEMENTS IN AN EVER-MOVING PANDEMIC CIRCUMSTANCES HAS MOTIVATED EAI TO GAIN A BOTTOM LINE BEYOND THE EAI MEMBERSHIP FEES, WORKSHOP FEES, MUSEUM ATTENDANCE, AND SALES OF ARTWORK.-$78,816
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
2021-03-31
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 4,057 office supplies 5,677 credit card fees 1,730 travel 4,675 art supplies 439 instructor fees 4,242 conference sales refunds 13,114 shipping fees 749 artist payments 5,818 non-investment depreciation 165 total 40,666

Form 990-ez, Part II, Line 24

5,588 5,588 less accumulated depreciation 5,368 5,533 total 220 55

Form 990-ez, Part II, Line 26

Eidl loan 0 32,700 ppp 0 4,500

Form 990-ez, Part III

Encaustic art inc's mission is: to promote public awareness, understanding and appreciation of encaustic/wax art. We do this by providing exhibit space to professional artists, an online artist exchange of information and technique, and hold workshops for persons of all ages. Due to the pandemic, the eai members gallery and adult workshops and juried national exhibits have gone online. Space for a new physical location is currently being negotiated. 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. The museum of encaustic art will open to the public in may 2021, after being closed due to the pandemic. Interesting and thought-provoking juried exhibitions are facilitated through the museum, such as 2020's 4th annual global warming is real exhibition.

Form 990-ez, Part III, Line 28

Encaustic art institute (eai) celebrated its 17th year anniversary and accomplished its long-term goal of adding the museum of encaustic art under the umbrella of eai. Housed in a new location in 2021, eai offers 1500 square feet of dedicated space for the museum's permanent collection. Paid attendance is now in place. Expanded efforts in marketing has allowed attendance to grow and the museum's presence is being recognized as the only encaustic/wax museum in america. Adult workshops are being facilitated through zoom, because pandemic requirements prohibited gatherings, the public at large is finding its confidence in meeting in small groups. Eai's member gallery is currently in storage, and a persistent marketing and social media campaign boosts the gallery's online presence. Newly allocated space for the gallery/workshops is in negotiation. 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 united states. Eai continues to provide a bi-annual online magazine that offers a connection for encaustic/wax enthusiasts world-wide together with an exchange of information for working artists. It currently is read in 44 countries. Eai offers subscription pricing plus vendor and artist advertising which allows the magazine to run in the black. At eai, emerging and established artists are highly valued and supported as are art enthusiasts and students of encaustic/wax art of all ages. Eai continues to solicit grant support and donations in order to maintain financial health. The commitment to relocate and expand online, negotiate new space agreements in an ever-moving pandemic circumstances has motivated eai to gain a bottom line beyond the eai membership fees, workshop fees, museum attendance, and sales of artwork.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES ADVERTISING 4,057 OFFICE SUPPLIES 5,677 CREDIT CARD FEES 1,730 TRAVEL 4,675 ART SUPPLIES 439 INSTRUCTOR FEES 4,242 CONFERENCE SALES REFUNDS 13,114 SHIPPING FEES 749 ARTIST PAYMENTS 5,818 NON-INVESTMENT DEPRECIATION 165 TOTAL 40,666
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EIDL LOAN 0 32,700 PPP 0 4,500
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ENCAUSTIC ART INC'S MISSION IS: TO PROMOTE PUBLIC AWARENESS, UNDERSTANDING AND APPRECIATION OF ENCAUSTIC/WAX ART. WE DO THIS BY PROVIDING EXHIBIT SPACE TO PROFESSIONAL ARTISTS, AN ONLINE ARTIST EXCHANGE OF INFORMATION AND TECHNIQUE, AND HOLD WORKSHOPS FOR PERSONS OF ALL AGES. DUE TO THE PANDEMIC, THE EAI MEMBERS GALLERY AND ADULT WORKSHOPS AND JURIED NATIONAL EXHIBITS HAVE GONE ONLINE. SPACE FOR A NEW PHYSICAL LOCATION IS CURRENTLY BEING NEGOTIATED. 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. THE MUSEUM OF ENCAUSTIC ART WILL OPEN TO THE PUBLIC IN MAY 2021, AFTER BEING CLOSED DUE TO THE PANDEMIC. INTERESTING AND THOUGHT-PROVOKING JURIED EXHIBITIONS ARE FACILITATED THROUGH THE MUSEUM, SUCH AS 2020'S 4TH ANNUAL GLOBAL WARMING IS REAL EXHIBITION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ENCAUSTIC ART INSTITUTE (EAI) CELEBRATED ITS 17TH YEAR ANNIVERSARY AND ACCOMPLISHED ITS LONG-TERM GOAL OF ADDING THE MUSEUM OF ENCAUSTIC ART UNDER THE UMBRELLA OF EAI. HOUSED IN A NEW LOCATION IN 2021, EAI OFFERS 1500 SQUARE FEET OF DEDICATED SPACE FOR THE MUSEUM'S PERMANENT COLLECTION. PAID ATTENDANCE IS NOW IN PLACE. EXPANDED EFFORTS IN MARKETING HAS ALLOWED ATTENDANCE TO GROW AND THE MUSEUM'S PRESENCE IS BEING RECOGNIZED AS THE ONLY ENCAUSTIC/WAX MUSEUM IN AMERICA. ADULT WORKSHOPS ARE BEING FACILITATED THROUGH ZOOM, BECAUSE PANDEMIC REQUIREMENTS PROHIBITED GATHERINGS, THE PUBLIC AT LARGE IS FINDING ITS CONFIDENCE IN MEETING IN SMALL GROUPS. EAI'S MEMBER GALLERY IS CURRENTLY IN STORAGE, AND A PERSISTENT MARKETING AND SOCIAL MEDIA CAMPAIGN BOOSTS THE GALLERY'S ONLINE PRESENCE. NEWLY ALLOCATED SPACE FOR THE GALLERY/WORKSHOPS IS IN NEGOTIATION. 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 UNITED STATES. EAI CONTINUES TO PROVIDE A BI-ANNUAL ONLINE MAGAZINE THAT OFFERS A CONNECTION FOR ENCAUSTIC/WAX ENTHUSIASTS WORLD-WIDE TOGETHER WITH AN EXCHANGE OF INFORMATION FOR WORKING ARTISTS. IT CURRENTLY IS READ IN 44 COUNTRIES. EAI OFFERS SUBSCRIPTION PRICING PLUS VENDOR AND ARTIST ADVERTISING WHICH ALLOWS THE MAGAZINE TO RUN IN THE BLACK. AT EAI, EMERGING AND ESTABLISHED ARTISTS ARE HIGHLY VALUED AND SUPPORTED AS ARE ART ENTHUSIASTS AND STUDENTS OF ENCAUSTIC/WAX ART OF ALL AGES. EAI CONTINUES TO SOLICIT GRANT SUPPORT AND DONATIONS IN ORDER TO MAINTAIN FINANCIAL HEALTH. THE COMMITMENT TO RELOCATE AND EXPAND ONLINE, NEGOTIATE NEW SPACE AGREEMENTS IN AN EVER-MOVING PANDEMIC CIRCUMSTANCES HAS MOTIVATED EAI TO GAIN A BOTTOM LINE BEYOND THE EAI MEMBERSHIP FEES, WORKSHOP FEES, MUSEUM ATTENDANCE, AND SALES OF ARTWORK.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III, LINE 28
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ReturnHeader/Filer/BusinessNameControlTxt0ENCA
ReturnHeader/Filer/EIN0271162666
ReturnHeader/Filer/USAddress/AddressLine1Txt018 COUNTY ROAD 55A
ReturnHeader/Filer/USAddress/CityNm0CERRILLOS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NM
ReturnHeader/Filer/USAddress/ZIPCd087010
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0202102134
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SUZANNE SMITH CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03268 CASA RINCONADA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SANTA FE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NM
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd087507
ReturnHeader/PreparerPersonGrp/PhoneNum05054243129
ReturnHeader/PreparerPersonGrp/PreparationDt02021-03-31
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SUZANNE SMITH
ReturnHeader/ReturnTs02021-04-02T19:49:39-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0DOUGLAS
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MEHRENS
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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