Civic Intelligence

Arte Inc.

990 • Fiscal year 2016 • EIN 54-2138181

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 15, 2017

19 grand avenueNew Haven, CT 06513

(203) 469-4536

Siviq Scores

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

Liabilities / Assets

68th percentile

0.03x

Higher debt load relative to assets than 68% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

66th percentile

0.01x

Higher debt load relative to revenue than 66% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

47th percentile

1.8%

Higher net margin than 47% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

96th percentile

$69,962

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 26.9% of source-year revenue.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

16th percentile

-27%

Faster asset growth than 16% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

93rd percentile

103%

Faster revenue growth than 93% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Down

$134,563

Down $50,819 (-27%) from 2015

Net Assets

Up

$130,967

Up $4,666 (+3.7%) from 2015

Liabilities

Down

$3,596

Down $55,485 (-94%) from 2015

Revenue

Up

$259,914

Up $131,899 (+103%) from 2015

Expenses

Up

$255,248

Up $143,870 (+129%) from 2015

Net Income

Down

$4,666

Down $11,971 (-72%) from 2015

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2011: $126,064Liabilities 2011: $02011Assets 2012: $86,613Liabilities 2012: $02012Assets 2013: $107,944Liabilities 2013: $02013Assets 2014: $116,123Liabilities 2014: $6,4592014Assets 2015: $185,382Liabilities 2015: $59,081Net Assets 2015: $126,3012015Assets 2016: $134,563Liabilities 2016: $3,596Net Assets 2016: $130,9672016Assets 2017: $93,357Liabilities 2017: $9,386Net Assets 2017: $83,9712017Assets 2018: $135,544Liabilities 2018: $246Net Assets 2018: $135,2982018Assets 2019: $151,717Liabilities 2019: $857Net Assets 2019: $150,8602019Assets 2020: $200,290Liabilities 2020: $24,846Net Assets 2020: $175,4442020Assets 2021: $258,188Liabilities 2021: $4,287Net Assets 2021: $253,9012021Assets 2022: $353,608Liabilities 2022: $2,759Net Assets 2022: $350,8492022Assets 2023: $398,628Liabilities 2023: $3,075Net Assets 2023: $395,5532023Assets 2024: $507,876Liabilities 2024: $3,827Net Assets 2024: $504,0492024

Highlighted filing

2016

Assets$134,563
Liabilities$3,596
Net Assets$130,967

Operations Trend

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

$400K$200K$0-$200KRevenue 2011: $120,915Expenses 2011: $79,261Net Income 2011: $41,6542011Revenue 2012: $73,577Expenses 2012: $113,028Net Income 2012: -$39,4512012Revenue 2013: $129,978Expenses 2013: $108,647Net Income 2013: $21,3312013Revenue 2014: $104,512Expenses 2014: $102,792Net Income 2014: $1,7202014Revenue 2015: $128,015Expenses 2015: $111,378Net Income 2015: $16,6372015Revenue 2016: $259,914Expenses 2016: $255,248Net Income 2016: $4,6662016Revenue 2017: $99,624Expenses 2017: $146,620Net Income 2017: -$46,9962017Revenue 2018: $344,693Expenses 2018: $293,366Net Income 2018: $51,3272018Revenue 2019: $207,104Expenses 2019: $191,542Net Income 2019: $15,5622019Revenue 2020: $152,110Expenses 2020: $127,526Net Income 2020: $24,5842020Revenue 2021: $281,557Expenses 2021: $203,100Net Income 2021: $78,4572021Revenue 2022: $266,555Expenses 2022: $169,607Net Income 2022: $96,9482022Revenue 2023: $257,827Expenses 2023: $213,123Net Income 2023: $44,7042023Revenue 2024: $363,919Expenses 2024: $255,423Net Income 2024: $108,4962024

Highlighted filing

2016

Revenue$259,914
Expenses$255,248
Net Income$4,666
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 15, 2017
Return Version
2016v3.0
Gross Receipts
$259,914
Mission and Program Overview

Mission

Arte inc. Is a non-profit organization dedicated to promoting latino art, culture and talent.

Develop and promote Latino Art, Culture & Education. Youth & Family Programs, Scholarships, Cultural Events, Exhibits & Activities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$51,092$92,592▲ $41,500
Accounts Receivable-$21,534-
Cash and Non-Interest-Bearing Accounts$132,522$19,195▼ $113,327
Land, Buildings, and Equipment, Net$1,768$1,242▼ $526
Total Assets$185,382$134,563▼ $50,819
Liabilities
Deferred Revenue$56,896--
Accounts Payable and Accrued Expenses$2,185$3,596▲ $1,411
Total Liabilities$59,081$3,596▼ $55,485
Net Assets / Fund Balance
Unrestricted Net Assets$111,301$130,967▲ $19,666
Temporarily Rstr Net Assets$15,000$0▼ $15,000
Total Net Assets Fund Balance$126,301$130,967▲ $4,666
Total Liabilities and Net Assets / Fund Balance$185,382$134,563▼ $50,819

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,242$5,924$7,166
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
david grecoexecutive directorFT$69,962$69,962

Board Members and Trustees

NameTitle
Daniel DiazChairman
aida casanovavice chairperson
Luiz Casanovaboard member
dr abie benitezboard member
dr madeline negronboard member
richard stephensboard member
myrna rosasecretary
lissette Andinotreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$231,314
Program Service Revenue
$28,500
Investment Income
$0
Other Revenue
$100
All Other Contributions
$17,498
Change in Net Assets
$4,666
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$152,637
Salaries, Compensation, and Employee Benefits$97,111
Grants and Similar Amounts Paid$5,500
Total Fundraising Expense$4,847
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$55,970$10,494$3,498$69,962
Fees for Services Other$68,840--$68,840
Travel$29,940$3,327-$33,267
Other Salaries and Wages$20,000--$20,000
Occupancy$12,627$1,403-$14,030
Payroll Taxes$6,024$844$281$7,149
Fees for Services Accounting-$6,593-$6,593
Grants to Domestic Orgs$5,500--$5,500
Insurance$1,732$192-$1,924
Office Expenses$1,508$166-$1,674
Other Expenses$1,439$160-$1,599
Information Technology$1,208$134-$1,342
Advertising--$1,025$1,025
Conferences and Meetings-$614-$614
Depreciation Depletion$474$53-$527
All Other Expenses$343$43$43$429
Total Functional Expenses$226,378$24,023$4,847$255,248
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 2

daniel diaz, the chairperson, is married to david greco, the executive director. aida casanova, the vice chairperson, is married to Luiz Casanova, a board member. myrna rosa, the secretary, is the sister of maria rosa, the program director.

Form 990, Part VI, Section A, line 8B

there are no committees other than the board of directors.

Form 990, Part VI, Section B, line 11B

The Board of Directors has not yet adopted a policy for review of the Form 990.

Form 990, Part VI, Section B, line 12C

discussed annually at board meeting.

Form 990, Part VI, Section C, line 19

upon request.

Filing and Contact Details

Filer

Filer Name
Arte Inc
EIN
54-2138181
Phone
2034694536
Address
19 grand avenue, NEW HAVEN, CT 06513

Signing Officer

Name
David S Greco
Title
Executive Director
Phone
2034694536
Signed
2017-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David S Greco
Formed
2004
Legal Domicile
Ct
Voting Board Members
8
Independent Board Members
8
Employees
2
Volunteers
21

Preparer

Firm
Carter Hayes Associates Pc
Address
1952 WHITNEY AVENUE, HAMDEN, CT 06517
Preparer
David a Scaramozza
Phone
2032873990
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

consultants: Program service expenses 68,840. Management and general expenses 0. Fundraising expenses 0. Total expenses 68,840.

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IRS990/Desc0ARTE SERVED OVER 3400 PERSONS IN THE COMMUNITY THROUGH ITS EDUCATIONAL, CULTURAL AND ARTS PROGRAMS FOR INNER-CITY AND UNDER-SERVED YOUTH. THESE PROGRAMS TOOK PLACE DURING THE SCHOOL YEAR. A TOTAL OF TWENTY THREE DIFFERENT PROGRAMS TOOK PLACE. ARTE PAID FOR THE INSTRUCTORS AND ALL OF THE SUPPLIES. ARTE HIRED YOUTH TO WORK AS STUDENT HELPERS FOR THESE AFTERSCHOOL PROGRAMS. ARTE CONTINUED ITS THIRD GROUP OF STUDENTS IN ITS SLATE PROGRAM TEACHING MIDDLE SCHOOL STUDENTS LIFE AND SOCIAL SKILLS. ARTE RUNS CULTURAL PROGRAMS AND EVENTS YEAR ROUND. THESE EVENTS AND ACTIVITIES INCLUDED SEVERAL LATINO VISUAL ARTS EXHIBITS, DANCE LESSONS, FAMILY ARTS WORKSHOPS, COOKING LESSONS, FORUMS, COLLEGE BOUND ROAD TRIPS, COLLEGE READINESS PROGRAM AND MUCH MORE. DURING HISPANIC HERITAGE MONTH ARTE DEVELOPS AND CURATES EXHIBITS SHOWCASING LATINO CULTURE. ARTE ALSO AWARDED SCHOLARSHIPS FOR ITS TWELFTH YEAR.
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IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt028600
IRS990/SavingsAndTempCashInvstGrp/BOYAmt051092
IRS990/SavingsAndTempCashInvstGrp/EOYAmt092592
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0231314
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0105864
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt060774
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt075224
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt043087
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0516263
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0100
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0250
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0250
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0600
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0197916
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.32860
IRS990ScheduleA/PublicSupportPY170Pct00.50730
IRS990ScheduleA/PublicSupportTotal170Amt0169826
IRS990ScheduleA/SubstantialContributorsTotAmt0346437
IRS990ScheduleA/ThirtyThrPctSuprtTestsPY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0231314
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0105864
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt060774
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt075224
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt043087
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0516263
IRS990ScheduleA/TotalSupportAmt0516863
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01242
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt05924
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt07166
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01242
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0daniel diaz, the chairperson, is married to david greco, the executive director. aida casanova, the vice chairperson, is married to Luiz Casanova, a board member. myrna rosa, the secretary, is the sister of maria rosa, the program director.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1there are no committees other than the board of directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Board of Directors has not yet adopted a policy for review of the Form 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3discussed annually at board meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5consultants: Program service expenses 68,840. Management and general expenses 0. Fundraising expenses 0. Total expenses 68,840.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, line 11g
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CT
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt015000
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0185382
IRS990/TotalAssetsEOYAmt0134563
IRS990/TotalAssetsGrp/BOYAmt0185382
IRS990/TotalAssetsGrp/EOYAmt0134563
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0231314
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt04847
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt024023
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0226378
IRS990/TotalFunctionalExpensesGrp/TotalAmt0255248
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt059081
IRS990/TotalLiabilitiesEOYAmt03596
IRS990/TotalLiabilitiesGrp/BOYAmt059081
IRS990/TotalLiabilitiesGrp/EOYAmt03596
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0126301
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0130967
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0226378
IRS990/TotalProgramServiceRevenueAmt028500
IRS990/TotalReportableCompFromOrgAmt069962
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt028600
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0259914
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt021
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0185382
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0134563
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt03327
IRS990/TravelGrp/ProgramServicesAmt029940
IRS990/TravelGrp/TotalAmt033267
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0111301
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0130967
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt019 GRAND AVENUE
IRS990/USAddress/CityNm0NEW HAVEN
IRS990/USAddress/StateAbbreviationCd0CT
IRS990/USAddress/ZIPCd006513
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0www.arte-inc.com
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID S GRECO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum02034694536
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ARTE INC
ReturnHeader/Filer/BusinessNameControlTxt0ARTE
ReturnHeader/Filer/EIN0542138181
ReturnHeader/Filer/PhoneNum02034694536
ReturnHeader/Filer/USAddress/AddressLine1Txt019 grand avenue
ReturnHeader/Filer/USAddress/CityNm0NEW HAVEN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CT
ReturnHeader/Filer/USAddress/ZIPCd006513
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId030AA6434B4614B525EADFF8397BD2F91A5C293E9

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.08$0.04$5.04$3.64$2.55$1.08
2023Detailed filing. Detailed filing data is available for this year.$3.99$0.03$3.96$2.58$2.13$0.45
2022Detailed filing. Detailed filing data is available for this year.$3.54$0.03$3.51$2.67$1.70$0.97
2021Detailed filing. Detailed filing data is available for this year.$2.58$0.04$2.54$2.82$2.03$0.78
2020Detailed filing. Detailed filing data is available for this year.$2.00$0.25$1.75$1.52$1.28$0.25
2019Detailed filing. Detailed filing data is available for this year.$1.52$0.01$1.51$2.07$1.92$0.16
2018Detailed filing. Detailed filing data is available for this year.$1.36$0.00$1.35$3.45$2.93$0.51
2017Summary only. Only limited summary data is available for this year.$0.93$0.09$0.84$1.00$1.47$0.47
2016Detailed filing. Detailed filing data is available for this year.$1.35$0.04$1.31$2.60$2.55$0.05
2015Detailed filing. Detailed filing data is available for this year.$1.85$0.59$1.26$1.28$1.11$0.17
2014Summary only. Only limited summary data is available for this year.$1.16$0.06$1.05$1.03$0.02
2013Summary only. Only limited summary data is available for this year.$1.08$0.00$1.30$1.09$0.21
2012Summary only. Only limited summary data is available for this year.$0.87$0.00$0.74$1.13$0.39
2011Summary only. Only limited summary data is available for this year.$1.26$0.00$1.21$0.79$0.42