HOT SHOPS ART FOUNDATION

EIN: 611937628 501(c)(3)

OMAHA, NE

Total Revenue
$1,570,671
Total Expenses
$1,118,021
Total Assets
$2,196,913
Net Assets
$1,414,546
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
NE
Principal Officer
KIM SELLMEYER
Phone
4023426452
Tax Period
2025-01-01 to 2025-12-31

HOT SHOPS ART FOUNDATION, founded in 2019, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2025. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $453K, a strong 29% operating margin.

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.

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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 (2025)

Revenue Breakdown

Contributions & Grants $722,033
Program Service Revenue $848,638
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,570,671

Expense Breakdown

Grants Paid $0
Salaries & Benefits $301,444
Fundraising Expenses $30,144
Program Expenses $782,614
Other Expenses $816,577
TOTAL EXPENSES $1,118,021

Year-over-Year Comparison

2025 2024 Change
Revenue $1,570,671 $1,348,561 +0.2%
Expenses $1,118,021 $832,157 +0.3%
Net Income $452,650 $516,404 -0.1%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
12
Independent Members
10
Employees
12
Volunteers
25

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
4
$88,548
Total Directors
12
$114,953
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DOUG BISSON DIRECTOR 1.00
Director
$0 $0 $0
BILL KENEDY DIRECTOR AND TREASURER 1.00
Officer Director
$0 $0 $0
KIM SELLMEYER EXECUTIVE DIRECTOR 10.00
Officer Director
$88,548 $0 $88,548
TIM BARRY DIRECTOR 1.00
Director
$26,405 $0 $26,405
BJ REED PRESIDENT 1.00
Officer Director
$0 $0 $0
MICHAEL PALLESEN SECRETARY 1.00
Officer Director
$0 $0 $0
ROBB STEFFES DIRECTOR 1.00
Director
$0 $0 $0
ANNE BRANIGAN DIRECTOR 1.00
Director
$0 $0 $0
TERESA GLEASON DIRECTOR 1.00
Director
$0 $0 $0
TAMMMY WILLIAMS DIRECTOR 1.00
Director
$0 $0 $0
WINSLEY DURAND DIRECTOR 1.00
Director
$0 $0 $0
SHAWNEQUA LINDER DIRECTOR 1.00
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
2025 $1,570,671 $1,118,021 $2,196,913 $452,650
2024 $1,348,561 $832,157 $1,792,648 $516,404
2023 $955,211 $687,710 $1,286,046 $267,501
2022 $415,417 $348,122 $1,039,837 $67,295
2021 $216,837 $126,318 $115,597 $90,519
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