Civic Intelligence

Hot Shops Art Foundation

EIN 61-1937628 • 501(c)3 • Omaha, NE

Profile

The hot shops foundation provides informal art education programs and instruction to children and adults through art classes, workshops, camps, lectures, demonstrations and exhibits. In addition, the foundation promotes appreciation for and understanding of a variety of visual art forms and how they are created by providing direct access to a unique collaborative living artistic environment at the hot shops art center.

1301 Nicholas StreetOmaha, NE 68102

www.hotshopsartcenter.org

Siviq Scores

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

Liabilities / Assets

91st percentile

0.83x

Higher debt load relative to assets than 91% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

93rd percentile

2.07x

Higher debt load relative to revenue than 93% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

69th percentile

16%

Higher net margin than 69% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

99th percentile

551%

Faster asset growth than 99% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2022

Revenue Growth

96th percentile

178%

Faster revenue growth than 96% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2022

Assets

Up

$1,792,648

Up $506,602 (+39%) from 2023

Liabilities

Down

$830,752

Down $9,802 (-1.2%) from 2023

Net Assets

Up

$961,896

Up $516,404 (+116%) from 2023

Revenue

Up

$1,348,561

Up $393,350 (+41%) from 2023

Expenses

Up

$832,157

Up $144,447 (+21%) from 2023

Net Income

Up

$516,404

Up $248,903 (+93%) from 2023

Trend Graphs

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2020: $24,504Liabilities 2020: $4,327Net Assets 2020: $20,1772020Assets 2021: $115,597Liabilities 2021: $4,901Net Assets 2021: $110,6962021Assets 2022: $1,039,837Liabilities 2022: $861,846Net Assets 2022: $177,9912022Assets 2023: $1,286,046Liabilities 2023: $840,554Net Assets 2023: $445,4922023Assets 2024: $1,792,648Liabilities 2024: $830,752Net Assets 2024: $961,8962024

Highlighted filing

2024

Assets$1,792,648
Liabilities$830,752
Net Assets$961,896

Operations Trend

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

$1.5M$1.0M$500K$0Revenue 2020: $53,819Expenses 2020: $33,642Net Income 2020: $20,1772020Revenue 2021: $216,837Expenses 2021: $126,318Net Income 2021: $90,5192021Revenue 2022: $415,417Expenses 2022: $348,122Net Income 2022: $67,2952022Revenue 2023: $955,211Expenses 2023: $687,710Net Income 2023: $267,5012023Revenue 2024: $1,348,561Expenses 2024: $832,157Net Income 2024: $516,4042024

Highlighted filing

2024

Revenue$1,348,561
Expenses$832,157
Net Income$516,404

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 21, 2025
Return Version
2024v5.1
Gross Receipts
$1,348,561
Mission and Program Overview

Mission

The hot shops foundation provides informal art education programs and instruction to children and adults through art classes, workshops, camps, lectures, demonstrations and exhibits. In addition, the foundation promotes appreciation for and understanding of a variety of visual art forms and how they are created by providing direct access to a unique collaborative living artistic environment at the hot shops art center.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$824,963$1,044,588▲ $219,625
Cash and Non-Interest-Bearing Accounts$444,716$736,257▲ $291,541
Accounts Receivable$15,306$5,105▼ $10,201
Total Assets$1,286,046$1,792,648▲ $506,602
Other Assets Total$1,061$6,698▲ $5,637
Liabilities
Other Liabilities$460,454$472,704▲ $12,250
Mortgage Notes Payable Secured by Investment Property$376,294$355,932▼ $20,362
Accounts Payable and Accrued Expenses$3,806$2,116▼ $1,690
Total Liabilities$840,554$830,752▼ $9,802
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$445,492$740,183▲ $294,691
Net Assets With Donor Restrictions-$221,713-
Total Net Assets Fund Balance$445,492$961,896▲ $516,404
Total Liabilities and Net Assets / Fund Balance$1,286,046$1,792,648▲ $506,602

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$479,687$33,441$513,128
Land$330,872-$330,872
Other Land Buildings$205,313-$205,313
Equipment$28,716$55,629$84,345
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Kim SellmeyerExecutive DirectorPT$84,341$84,341
Tim BarryDirector-$28,717$28,717
Rowena CageDirector-$512$512

Board Members and Trustees

NameTitle
Bj ReedPresident
Anne BraniganDirector
Doug BissonDirector
Frederick M StilwillDirector
Jason FischerDirector
Robb SteffesDirector
Tammmy WilliamsDirector
Teresa GleasonDirector
Bill KenedyDirector and Treasurer
Michael PallesenSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$537,465
Program Service Revenue
$811,096
Investment Income
$0
Other Revenue
$0
All Other Contributions
$537,465
Change in Net Assets
$516,404
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$565,053
Salaries, Compensation, and Employee Benefits$264,104
Total Fundraising Expense$26,410
Grants and Similar Amounts Paid$3,000
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$105,374$30,107$15,053$150,534
Current Officers, Directors, Trustees, and Key Employees$79,499$22,714$11,357$113,570
Depreciation Depletion$43,931$18,827-$62,758
Interest$24,389$10,452-$34,841
Insurance$20,537$8,802-$29,339
Other Expenses$19,428$8,326-$27,754
Office Expenses$13,793$5,911-$19,704
All Other Expenses$9,986$4,279-$14,265
Fees for Services Legal$5,594$2,398-$7,992
Fees for Services Accounting$3,582$1,535-$5,117
Grants to Domestic Orgs$3,000--$3,000
Advertising$1,260$540-$1,800
Total Functional Expenses$583,411$222,336$26,410$832,157
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Kim SellmeyerExecutive DirectorAdvisory ServicesNo$84,341
Tim BarryContract EducatorINSTRUCTOR FOR WORKSHOPS $28,070, INTEREST INCOME $647No$28,717
Cline Williamsmichael PallesenProfessional Services - LegalLegal ServicesNo$7,992
Bill KenedyProfessional Services - AccountingAccounting/tax HelpNo$5,117
Edward FennellFormer OfficerInterest IncomeNo$4,305
Leslie J BruningFormer OfficerInterest IncomeNo$1,367
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliates$459,326
Square Tips Payable$13,378
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
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

Three members of the board are partners in guild by association llc, which owned the building the hot shops art foundation resides in. Those three members resigned their positions on the board in may 2022, prior to the purchase of the building. One member was subsequently voted back on the board following the building purchase.

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

The document will be posted in a google drive and a link emailed to the board for a chance to review

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

Prior to board or committee action on a contract or transaction involving a potential conflict of interest, the responsible person having a conflict of interest shall inform the chairperson and/or board via phone, e-mail, in person or in writing describing the manner and the nature of the conflict of interest, and shall disclose therein all facts and circumstances material to the conflict of interest. Such disclosure shall be reflected in the minutes of the meeting

Form 990, Part VI, Section B, Line 15

We reviewed the nonprofit association of the midlands salary report to determine fair compensation

Form 990, Part VI, Section C, Line 19

All documents available upon request

Filing and Contact Details

Filer

Filer Name
Hot Shops Art Foundation
EIN
61-1937628
Phone
4023426452
Address
1301 NICHOLAS STREET, OMAHA, NE 68102

Signing Officer

Name
Kim Sellmeyer
Title
Director
Phone
4024746900
Signed
2025-04-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kim Sellmeyer
Formed
2019
Legal Domicile
Ne
Voting Board Members
13
Independent Board Members
11
Employees
9
Volunteers
20

Preparer

Firm
Lutz and Company Pc
Address
13616 CALIFORNIA ST STE 300, OMAHA, NE 68154-5336
Preparer
Hannah Goscha
Phone
4024968800
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt38326
IRS990/OtherExpensesGrp/ProgramServicesAmt0157980
IRS990/OtherExpensesGrp/ProgramServicesAmt170067
IRS990/OtherExpensesGrp/ProgramServicesAmt224991
IRS990/OtherExpensesGrp/ProgramServicesAmt319428
IRS990/OtherExpensesGrp/TotalAmt0225686
IRS990/OtherExpensesGrp/TotalAmt1100096
IRS990/OtherExpensesGrp/TotalAmt235701
IRS990/OtherExpensesGrp/TotalAmt327754
IRS990/OtherLiabilitiesGrp/BOYAmt0460454
IRS990/OtherLiabilitiesGrp/EOYAmt0472704
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt015053
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt030107
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0105374
IRS990/OtherSalariesAndWagesGrp/TotalAmt0150534
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0KIM SELLMEYER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611610
IRS990/ProgramServiceRevenueGrp/BusinessCd1611610
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM SERVICE REVENU
IRS990/ProgramServiceRevenueGrp/Desc1RESIDENCY FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0428184
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1382912
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0428184
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1382912
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0230109
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0588
IRS990/PYInvestmentIncomeAmt079
IRS990/PYOtherExpensesAmt0477727
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0725023
IRS990/PYRevenuesLessExpensesAmt0267501
IRS990/PYSalariesCompEmpBnftPaidAmt0209395
IRS990/PYTotalExpensesAmt0687710
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0955211
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0516404
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0811096
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0537465
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0230109
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0126815
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0182877
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt050085
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01127351
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt079
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt079
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0811096
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0725023
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0285696
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt033960
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt03734
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01859509
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt079
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt079
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt02906
IRS990ScheduleA/OtherIncome509Grp/TotalAmt02906
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportTotal509Amt02986860
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01348561
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0955132
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0412511
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0216837
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt053819
IRS990ScheduleA/Total509Grp/TotalAmt02986860
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01348561
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0955211
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0415417
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0216837
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt053819
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02989845
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/BuildingsGrp/BookValueAmt0479687
IRS990ScheduleD/BuildingsGrp/DepreciationAmt033441
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0513128
IRS990ScheduleD/EquipmentGrp/BookValueAmt028716
IRS990ScheduleD/EquipmentGrp/DepreciationAmt055629
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt084345
IRS990ScheduleD/LandGrp/BookValueAmt0330872
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0330872
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0205313
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0205313
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt013378
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1459326
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SQUARE TIPS PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO AFFILIATES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01044588
IRS990ScheduleD/TotalLiabilityAmt0472704
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0TIM BARRY
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1CLINE WILLIAMSMICHAEL PALLESEN
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm2BILL KENEDY
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm3KIM SELLMEYER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm4EDWARD FENNELL
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm5LESLIE J BRUNING
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0CONTRACT EDUCATOR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1PROFESSIONAL SERVICES - LEGAL
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt2PROFESSIONAL SERVICES - ACCOUNTING
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt3EXECUTIVE DIRECTOR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt4FORMER OFFICER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt5FORMER OFFICER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd10
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd20
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd30
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd40
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd50
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt028717
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt17992
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt25117
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt384341
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt44305
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt51367
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0INSTRUCTOR FOR WORKSHOPS $28,070, INTEREST INCOME $647
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1LEGAL SERVICES
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc2ACCOUNTING/TAX HELP
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc3ADVISORY SERVICES
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc4INTEREST INCOME
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc5INTEREST INCOME
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THREE MEMBERS OF THE BOARD ARE PARTNERS IN GUILD BY ASSOCIATION LLC, WHICH OWNED THE BUILDING THE HOT SHOPS ART FOUNDATION RESIDES IN. THOSE THREE MEMBERS RESIGNED THEIR POSITIONS ON THE BOARD IN MAY 2022, PRIOR TO THE PURCHASE OF THE BUILDING. ONE MEMBER WAS SUBSEQUENTLY VOTED BACK ON THE BOARD FOLLOWING THE BUILDING PURCHASE.

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