Civic Intelligence

African American Atelier Inc

EIN 56-1721902 • 501(c)3 • Greensboro, NC

Profile

To provide a setting for both the artist and the public to come together and pursue an interest in african american art.

200 North Davie StreetGreensboro, NC 27401-2813

www.africanamericanatelier.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

78th percentile

0.06x

Higher debt load relative to assets than 78% of similar nonprofits.

NTEE Z • <$500k nonprofits • Source year 2024

Liabilities / Revenue

70th percentile

0.02x

Higher debt load relative to revenue than 70% of similar nonprofits.

NTEE Z • <$500k nonprofits • Source year 2024

Net Margin

29th percentile

-16%

Higher net margin than 29% of similar nonprofits.

NTEE Z99Z • <$500k nonprofits • Source year 2024

Top Officer Pay

82nd percentile

$0

Higher top officer pay than 82% of similar nonprofits.

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

NTEE Z99Z • <$500k nonprofits • Source year 2024

Asset Growth

13th percentile

-38%

Faster asset growth than 13% of similar nonprofits.

NTEE Z99Z • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

36th percentile

-16%

Faster revenue growth than 36% of similar nonprofits.

NTEE Z • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Down

$26,818

Down $16,741 (-38%) from 2023

Liabilities

Up

$1,668

Up $46 (+2.8%) from 2023

Net Assets

Down

$25,150

Down $16,787 (-40%) from 2023

Revenue

Down

$102,890

Down $19,074 (-16%) from 2023

Expenses

Up

$119,677

Up $28,048 (+31%) from 2023

Net Income

Down

-$16,787

Down $47,122 (-155%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60K$40K$20K$0Assets 2012: $19,445Liabilities 2012: $1,755Net Assets 2012: $17,6902012Assets 2013: $39,403Liabilities 2013: $8,010Net Assets 2013: $31,3932013Assets 2014: $25,981Liabilities 2014: $3,742Net Assets 2014: $22,2392014Assets 2015: $25,447Liabilities 2015: $1,932Net Assets 2015: $23,5152015Assets 2016: $40,119Liabilities 2016: $986Net Assets 2016: $39,1332016Assets 2017: $23,747Liabilities 2017: $3,194Net Assets 2017: $20,5532017Assets 2018: $18,276Liabilities 2018: $1,172Net Assets 2018: $17,1042018Assets 2019: $15,349Liabilities 2019: $1,153Net Assets 2019: $14,1962019Assets 2020: $24,042Liabilities 2020: $10,132Net Assets 2020: $13,9102020Assets 2021: $13,072Liabilities 2021: $1,061Net Assets 2021: $12,0112021Assets 2022: $12,119Liabilities 2022: $517Net Assets 2022: $11,6022022Assets 2023: $43,559Liabilities 2023: $1,622Net Assets 2023: $41,9372023Assets 2024: $26,818Liabilities 2024: $1,668Net Assets 2024: $25,1502024

Highlighted filing

2024

Assets$26,818
Liabilities$1,668
Net Assets$25,150

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150K$100K$50K$0-$50KRevenue 2012: $113,292Expenses 2012: $116,322Net Income 2012: -$3,0302012Revenue 2013: $118,493Expenses 2013: $110,545Net Income 2013: $7,9482013Revenue 2014: $95,529Expenses 2014: $98,958Net Income 2014: -$3,4292014Revenue 2015: $87,206Expenses 2015: $83,430Net Income 2015: $3,7762015Revenue 2016: $91,998Expenses 2016: $76,381Net Income 2016: $15,6172016Revenue 2017: $70,431Expenses 2017: $89,011Net Income 2017: -$18,5802017Revenue 2018: $68,046Expenses 2018: $71,496Net Income 2018: -$3,4502018Revenue 2019: $66,584Expenses 2019: $69,492Net Income 2019: -$2,9082019Revenue 2020: $70,508Expenses 2020: $70,794Net Income 2020: -$2862020Revenue 2021: $64,853Expenses 2021: $76,052Net Income 2021: -$11,1992021Revenue 2022: $81,207Expenses 2022: $81,616Net Income 2022: -$4092022Revenue 2023: $121,964Expenses 2023: $91,629Net Income 2023: $30,3352023Revenue 2024: $102,890Expenses 2024: $119,677Net Income 2024: -$16,7872024

Highlighted filing

2024

Revenue$102,890
Expenses$119,677
Net Income-$16,787

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.27$0.02$0.25$1.03$1.20$0.17
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.44$0.02$0.42$1.22$0.92$0.30
2022Detailed filing. Detailed filing data is available for this year.$0.12$0.01$0.12$0.81$0.82$0.00
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.13$0.01$0.12$0.65$0.76$0.11
2020Detailed filing. Detailed filing data is available for this year.$0.24$0.10$0.14$0.71$0.71$0.00
2019Detailed filing. Detailed filing data is available for this year.$0.15$0.01$0.14$0.67$0.69$0.03
2018Detailed filing. Detailed filing data is available for this year.$0.18$0.01$0.17$0.68$0.71$0.03
2017Detailed filing. Detailed filing data is available for this year.$0.24$0.03$0.21$0.70$0.89$0.19
2016Detailed filing. Detailed filing data is available for this year.$0.40$0.01$0.39$0.92$0.76$0.16
2015Summary only. Only limited summary data is available for this year.$0.25$0.02$0.24$0.87$0.83$0.04
2014Summary only. Only limited summary data is available for this year.$0.26$0.04$0.22$0.96$0.99$0.03
2013Summary only. Only limited summary data is available for this year.$0.39$0.08$0.31$1.18$1.11$0.08
2012Summary only. Only limited summary data is available for this year.$0.19$0.02$0.18$1.13$1.16$0.03
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 13, 2023
Return Version
2021v4.2
Gross Receipts
$81,207
Mission and Program Overview

Mission

To provide a setting for both the artist and the public to come together and pursue an interest in african american art.

Balance Sheet Detail
LineBeginningEndChange
Assets
Inventories for Sale or Use$6,927$6,927→ $0
Accounts Receivable$3,500$3,500→ $0
Land, Buildings, and Equipment, Net$2,117$1,349▼ $768
Cash and Non-Interest-Bearing Accounts$519$334▼ $185
Savings and Temporary Cash Investments$9$9→ $0
Total Assets$13,072$12,119▼ $953
Liabilities
Accounts Payable and Accrued Expenses$1,061--
Other Liabilities-$517-
Total Liabilities$1,061$517▼ $544
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$7,011$11,602▲ $4,591
Net Assets With Donor Restrictions$5,000--
Total Net Assets Fund Balance$12,011$11,602▼ $409
Total Liabilities and Net Assets / Fund Balance$13,072$12,119▼ $953

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$1,217$14,149$15,366
Equipment$132$2,838$2,970
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$81,207
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$7,251
Change in Net Assets
$-409
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$63,193
Other Expenses$18,423
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$58,651--$58,651
Fees for Services Other$10,437--$10,437
Payroll Taxes$4,542--$4,542
All Other Expenses$1,354--$1,354
Insurance$1,018--$1,018
Depreciation Depletion$766--$766
Occupancy$680--$680
Office Expenses$603--$603
Advertising$328--$328
Other Expenses$105--$105
Total Functional Expenses$81,616$0$0$81,616
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Employees Withholdings$268
Accrued Payroll Taxes$249
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

The organization reviews the form 990 at the quarterly meeting immediately following its completion.

Governing documents etc available to public Part VI line 19

The organizations financial statements are included as a part of any fundraising request or application. They are also available from the organization upon request.

Filing and Contact Details

Filer

Filer Name
African American Atelier Inc
EIN
56-1721902
Address
200 NORTH DAVIE STREET, GREENSBORO, NC 27401-2813

Signing Officer

Name
Bettye Young-stewart
Title
Treasurer
Phone
3362074400
Signed
2023-05-13
Discuss with paid preparer
Yes

Organization Details

Formed
1990
Legal Domicile
Nc
Voting Board Members
11
Independent Board Members
11
Employees
5
Volunteers
11

Preparer

Firm
Michael L Dunn CPA Pa
Address
PO BOX 4431, GREENSBORO, NC 27404
Preparer
Michael L Dunn CPA
Phone
3362743882
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

Organization received forgiveness of a paycheck protection loan in the amount of 9,300

List of other fees for services expenses Part IX line 11G

Legal & professional fees paid to ashley griffin in the amount of $2,661.75; gwendolyn poole in the amount of $150; melt creative group in the amount of $3,000; michael l dunn, cpa, pa in the amount of $3,525; and the ups store in the amount of $25.

Raw XML AppendixShowing 400 of 421 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.

Path#Value
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IRS990/ActivityOrMissionDesc0TO PROVIDE A SETTING FOR BOTH THE ARTIST AND THE PUBLIC TO COME TOGETHER AND PURSUE AN INTEREST IN AFRICAN AMERICAN ART.
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt066920
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt067710
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IRS990ScheduleD/TotalLiabilityAmt0517
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION REVIEWS THE FORM 990 AT THE QUARTERLY MEETING IMMEDIATELY FOLLOWING ITS COMPLETION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATIONS FINANCIAL STATEMENTS ARE INCLUDED AS A PART OF ANY FUNDRAISING REQUEST OR APPLICATION. THEY ARE ALSO AVAILABLE FROM THE ORGANIZATION UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ORGANIZATION RECEIVED FORGIVENESS OF A PAYCHECK PROTECTION LOAN IN THE AMOUNT OF 9,300
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3LEGAL & PROFESSIONAL FEES PAID TO ASHLEY GRIFFIN IN THE AMOUNT OF $2,661.75; GWENDOLYN POOLE IN THE AMOUNT OF $150; MELT CREATIVE GROUP IN THE AMOUNT OF $3,000; MICHAEL L DUNN, CPA, PA IN THE AMOUNT OF $3,525; AND THE UPS STORE IN THE AMOUNT OF $25.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Explanation of other changes in net assets or fund balances Part XI line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3List of other fees for services expenses Part IX line 11g
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IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
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IRS990/UponRequestInd0X
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IRS990/WebsiteAddressTxt0WWW.AFRICANAMERICANATELIER.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd000
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BETTYE YOUNG-STEWART
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum03362074400
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-05-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0AFRICAN AMERICAN ATELIER INC
ReturnHeader/Filer/BusinessNameControlTxt0AFRI

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