CARPE ARTISTA INC

EIN: 452479668 501(c)(3) Arts, Culture & Humanities

SMYRNA, TN

Total Revenue
$724,892
Total Expenses
$856,395
Total Assets
$327,595
Net Assets
$-596,201
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
TN
Tax Period
2023-01-01 to 2023-12-31

CARPE ARTISTA INC, founded in 2011, is a small nonprofit in the Arts, Culture & Humanities sector that reported $725K in total revenue in fiscal year 2023. Expenses of $856K exceeded revenue, resulting in a 18% operating deficit.

Mission

TRANSFORMING CULTURES GLOBALLY BY DEVELOPING LOCAL ARTS COMMUNITIES THROUGH THE NURTURING OF YOUNG CREATIVES TO REACH THEIR FULL POTENTIAL IN FOUR CORE VALUES: CHARACTER, CALLING, CRAFT, AND COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $354,525 Revenue: $385,500

CARPE ACADEMY PROVIDES ARTISTIC TRAINING AND LEADERSHIP DEVELOPMENT THROUGH AWARD-WINNING CAMPS, ONGOING CLASSES, AND PRIVATE INSTRUCTION USING INTERACTIVE TEACHING METHODS IN VISUAL ARTS, MUSIC, AND...

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CARPE ACADEMY PROVIDES ARTISTIC TRAINING AND LEADERSHIP DEVELOPMENT THROUGH AWARD-WINNING CAMPS, ONGOING CLASSES, AND PRIVATE INSTRUCTION USING INTERACTIVE TEACHING METHODS IN VISUAL ARTS, MUSIC, AND THEATER. WITH OUR FOCUS ON THESE CORE VALUES CHARACTER, CRAFT, CALLING AND COMMUNITY CARPE ARTISTA SEEKS TO ASSIST CREATIVES IN REACHING THEIR FULL POTENTIAL. NEWLY IN DEVELOPMENT, THE ACADEMY PROGRAM HAS BEEN EXPANDED BY ADDING A BRANCH OF CAREER TRAINING CALLED C3T CARPE CREATIVE CAREER TRAINING. CARPE ARTISTA WILL PARTNER WITH THE RUTHERFORD COUNTY SCHOOL BOARD, TO PILOT THIS PROGRAM. C3T WILL PROVIDE STUDENTS WITH OPPORTUNITIES TO EARN CTE CERTIFICATIONS THAT WILL PREPARE THEM FOR FUTURE CAREER DEVELOPMENT IN THE ARTS. PLANS INCLUDE PARTNERING WITH THE TENNESSEE STATE EDUCATION DEPARTMENT TO SOLIDIFY THE PROGRAMS INCLUSION IN TENNESSEE STATE SCHOOLS.APPROXIMATELY 400 STUDENTS BENEFITED IN 2022.

Program 2
Expenses: $298,385 Revenue: $20,292

CARPE ARTISTA ENGAGES IN COMMUNITY DEVELOPMENT EFFORTS THROUGH ORGANIZING EVENTS THAT BRING AWARENESS TO THE ECONOMIC AND INNOVATION BENEFITS OF A THRIVING ARTISTIC COMMUNITY. THESE EVENTS ENGAGE...

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CARPE ARTISTA ENGAGES IN COMMUNITY DEVELOPMENT EFFORTS THROUGH ORGANIZING EVENTS THAT BRING AWARENESS TO THE ECONOMIC AND INNOVATION BENEFITS OF A THRIVING ARTISTIC COMMUNITY. THESE EVENTS ENGAGE LOCAL BUSINESSES AND INDUSTRY TO PARTNER FOR CULTURAL DEVELOPMENT, WHILE STRIVING TO PROMOTE THE CREATIVE ARTS WITHIN THE COMMUNITY. CARPE ARTISTA COORDINATES FESTIVALS, CONCERTS, SHOWS, FARMERS MARKETS, AND OTHER PUBLIC CULTURAL EVENTS APPROXIMATELY 20,000 PEOPLE BENEFITED IN 2022

Program 3
Expenses: $77,208 Revenue: $43,922

CARPE ARTISTA PROVIDES A JOB TRAINING PROGRAM THROUGH THE DAILY OPERATION OF CARPE CAFE, A COFFEE SHOP LOCATED IN SMYRNAS HISTORIC DEPOT DISTRICT. THIS PROGRAM OFFERS HIGH SCHOOL AND COLLEGE AGE...

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CARPE ARTISTA PROVIDES A JOB TRAINING PROGRAM THROUGH THE DAILY OPERATION OF CARPE CAFE, A COFFEE SHOP LOCATED IN SMYRNAS HISTORIC DEPOT DISTRICT. THIS PROGRAM OFFERS HIGH SCHOOL AND COLLEGE AGE STUDENTS THE OPPORTUNITY FOR HANDS-ON TRAINING TO FURTHER THEIR EDUCATIONAL AND CAREER OBJECTIVES. THE CAFE INCORPORATES ARTS EDUCATION WITH LIVE MUSIC PERFORMANCES, STUDIO SPACE FOR VISUAL ART DISPLAYS, AND PERIODIC ARTS INSTRUCTION. APPROXIMATELY 16,000 PEOPLE BENEFITED IN 2022.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $204,590
Program Service Revenue $449,714
Investment Income $0
Other Revenue $70,588
TOTAL REVENUE $724,892

Expense Breakdown

Grants Paid $0
Salaries & Benefits $144,967
Fundraising Expenses $48,209
Program Expenses $730,118
Other Expenses $711,428
TOTAL EXPENSES $856,395

Year-over-Year Comparison

2023 2022 Change
Revenue $724,892 $724,497 +0.0%
Expenses $856,395 $958,010 -0.1%
Net Income $-131,503 $-233,513 -0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANDRE SWAUNCY DIRECTOR 2.00
Director
$0 $0 $0
CORINNE MORSE DIRECTOR 2.00
Director
$0 $0 $0
AARON CONKLIN DIRECTOR 2.00
Director
$0 $0 $0
TERRY WILLIAMS DIRECTOR 2.00
Director
$0 $0 $0
ADAM MCOWEN DIRECTOR 2.00
Director
$0 $0 $0
PATRICK BEAUCHENE DIRECTOR 2.00
Director
$0 $0 $0
WALTER ALLEY DIRECTOR 2.00
Director
$0 $0 $0
RON ALLEY CEO 65.00
Officer Director
$0 $0 $0
SUSAL GULLEY SECTREASURER 0.00
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $724,892 $856,395 $327,595 $-131,503
2022 $724,497 $958,010 $379,875 $-233,513
2021 $679,117 $725,905 $478,362 $-46,788
2020 $367,192 $534,462 $324,393 $-167,270
2019 $380,957 $367,176 $343,875 $13,781
2018 $340,143 $339,011 $308,745 $1,132
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