Nonprofit · EIN 83-4500026
ART BUSINESS INCUBATOR SOUTH PADRE ISLAND
Tax-exempt · S PADRE ISLE, TX 78597
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $82,320 | $100,217 | -$17,897 | $50,816 | $453 | $50,363 |
| December 31, 2023 | 990 | $128,198 | $136,606 | -$8,408 | $69,751 | $1,492 | $68,259 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $68,490
- Program service revenue
- $18,014
- Net income from sales of inventory
- -$4,184
Expenses
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $4,565
- Occupancy
- $4,512
- Printing, publications and postage
- $536
- Other expenses
- $90,604
Balance sheet and other
- Total assets, start of year
- $69,752
- Total assets, end of year
- $50,816
- Total liabilities, end of year
- $453
- Net assets, end of year
- $50,363
- Cash, savings and investments
- $49,566
- Gross receipts
- $154,227
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOANN EVANS | PRESIDEN | 0 | $0 |
| LORENZO GALVAN | VICE PRESIDENT | 0 | $0 |
| DARLA LAPEYRE | SECRETARY | 0 | $0 |
| ROXANNE RAY | TREASURER | 0 | $0 |
| KARLA SCIMECA | DIRECTOR | 0 | $0 |
| ALEXA RAY | DIRECTOR | 0 | $0 |
| JERRI GARRETT | DIRECTOR | 0 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOANN EVANS | PRESIDENT Trustee or director, Officer | 1 | $0 |
| LORENZO GALVAN | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| DARLA LAPEYRE | SECRETARY Trustee or director, Officer | 1 | $0 |
| ROXANNE RAY | TREASURER Trustee or director, Officer | 1 | $0 |
| KARLA SCIMECA | DIRECTOR Trustee or director | 1 | $0 |
| ALEXA RAY | DIRECTOR Trustee or director | 1 | $0 |
| JERRI GARRETT | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 6801 PADRE BLVD, S PADRE ISLE, TX 78597-7725
- In care of
- % DARLA LAPEYRE
- Mailing address (990-N for 2020)
- 6801 PADRE BLVD, SOUTH PADRE ISLAND TX 78597
- Principal officer (990-N for 2020)
- DARLA LAPEYRE, 6801 PADRE BLVD, SOUTH PADRE ISLAND TX 78597
- Signed the 990-EZ
- JOANN EVANS, PRESIDENT
- Phone
- (956) 761-6805
- Website
- WWW.ABISPI.COM
- Return prepared by
- CARR RIGGS & INGRAM LLC
Mission
THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR EDUCATIONAL, CULTURAL, AND CHARITABLE PURPOSES RELATED TO THE PROMOTION OF AWARENESS, UNDERSTANDING AND APPRECIATION OF THE ARTS TO FACILITATE THE GROWTH OF SOUTH PADRE ISLAND INTO A REGIONAL ARTS DESTINATION BY (I) STRENGTHENING THE ROLE OF THE ARTS IN THE COMMUNITY AND LIVES OF CHILDREN AND YOUTH; (II) OPERATING FACILITIES TO CREATE AN ENVIRONMENT THAT NURTURES LOCAL ARTISTIC TALENT BY EDUCATING ARTISTS IN THE BUSINESS AND OTHER SKILLS NECESSARY TO MAKE THEIR ARTISTRY SELF-SUSTAINING; AND (III) ENRICHING THE LOCAL COMMUNITY THROUGH ART ACTIVITIES.
Program accomplishments
- THE CORPORATION SEEKS TO ENHANCE SOUTH PADRE ISLAND'S ECONOMIC DEVELOPMENT BY TRAINING EMERGING ART ENTREPRENEURS AND SUPPORTING THEIR EFFORTS TO ESTABLISH SELF-SUSTAINING ART BUSINESSES ON THE ISLAND. IT ALSO WORKS TO ENRICH THE COMMUNITY BY PROMOTING AWARENESS, UNDERSTANDING AND APPRECIATION OF ALL THE FINE AND PERFORMING ARTS AVAILABLE IN THE COMMUNITY.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 83-4500026
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2019
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A90)
- Assets (IRS master file)
- $50,816
- Income (IRS master file)
- $154,227
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $82,320 | $100,217 | $50,816 | IRS |
| 990 | December 2023 | $128,198 | $136,606 | $69,751 | XML |
| 990 | December 2022 | $153,618 | $132,568 | $77,566 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-N for 2020 Officer: DARLA LAPEYRE | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: DARLA LAPEYRE | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 83-4500026).
Questions about ART BUSINESS INCUBATOR SOUTH PADRE ISLAND
- What is the EIN of ART BUSINESS INCUBATOR SOUTH PADRE ISLAND?
- The employer identification number (EIN) of ART BUSINESS INCUBATOR SOUTH PADRE ISLAND is 83-4500026.
- Is ART BUSINESS INCUBATOR SOUTH PADRE ISLAND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to ART BUSINESS INCUBATOR SOUTH PADRE ISLAND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ART BUSINESS INCUBATOR SOUTH PADRE ISLAND file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ART BUSINESS INCUBATOR SOUTH PADRE ISLAND due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ART BUSINESS INCUBATOR SOUTH PADRE ISLAND last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who is the principal officer of ART BUSINESS INCUBATOR SOUTH PADRE ISLAND?
- The 990-N for 2020 names DARLA LAPEYRE.
- Who are the officers and directors of ART BUSINESS INCUBATOR SOUTH PADRE ISLAND?
- The 990-EZ for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does ART BUSINESS INCUBATOR SOUTH PADRE ISLAND have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $82,320, expenses of $100,217 and total assets of $50,816 at year end.
Other nonprofits in S PADRE ISLE
- SEA TURTLE INC EIN 74-2042030 · last filed 990 for 2025
- SOUTH PADRE ISLAND HISTORICAL FOUNDATION EIN 80-0325287 · last filed 990 for 2024
- SANDCASTLE ISLAND INC EIN 81-2584362 · last filed 990-EZ for 2025
- SOUTH PADRE ISLAND ART SPACE EIN 27-3434017 · last filed 990-N for 2024
- SHORES FOUNDATION INC EIN 74-3019449 · last filed 990-N for 2023
- SOUTH PADRE ISLAND BIRDING & NATURE CENTER EIN 20-3288155 · last filed 990 for 2024
- FRIENDS OF ANIMAL RESCUE EIN 45-4790821 · last filed 990 for 2024
- SOUTH PADRE ISLAND COMMUNITY FOUNDATION INC EIN 74-2902351 · last filed 990 for 2024
All nonprofits in S PADRE ISLE · Texas · Arts, culture and humanities