ARTZ FOR THE HARP CORPORATION

EIN: 474954271 501(c)(3) Arts, Culture & Humanities

Powder Springs, GA

Total Revenue
$255,695
Total Expenses
$249,348
Total Assets
$6,347
Net Assets
$6,347
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
GA
Principal Officer
Lyrika Holmes
Phone
6789022789
Tax Period
2023-01-01 to 2023-12-31

ARTZ FOR THE HARP CORPORATION, founded in 2015, is a small nonprofit in the Arts, Culture & Humanities sector that reported $256K in total revenue in fiscal year 2023.

Mission

Artz for the Harp is a nonprofit organization that provide music instruments for lessons and arts enrichment and arts therapy programming to those who need us most throughout Georgia and the southeast. We provide subsidized rates, sliding scales and scholarships to those in need during our fall and spring programs afterschool and during our summer arts enrichment camps. We have also expanded to provide transportation for students in need at no additional cost to the parents, and afterschool childcare options. With our programs we have reduced or eliminated the primary barriers such as high cost lessons, lack of transportation to programs, and the high market cost associated with purchasing or renting an instrument. We provide all instruments and instructional materials, transportation and high quality arts programming to youth throughout Georgia and our senior citizen populations.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $46,100
Program Service Revenue $209,595
Investment Income $0
Other Revenue $0
TOTAL REVENUE $255,695

Expense Breakdown

Grants Paid $0
Salaries & Benefits $179,420
Fundraising Expenses $0
Program Expenses $249,348
Other Expenses $69,928
TOTAL EXPENSES $249,348

Year-over-Year Comparison

2023 2022 Change
Revenue $255,695 $255,695 N/A
Expenses $249,348 $249,348 N/A
Net Income $6,347 $6,347 N/A
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
N/A
Employees
N/A
Volunteers
8

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
0
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dr Andrea Mayfield Board President 10
Director
$0 $0 $0
Dion Holmes Board Vice President 10
Director
$0 $0 $0
Deja Holmes Board Secretary 10.00
Director
$0 $0 $0
Tanisha Ward Board Member 5
Director
$0 $0 $0
Sherman Greer Board Treasurer 10
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
2023 $255,695 $249,348 $6,347 $6,347
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