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    <Timestamp>2012-11-15T13:07:27-08:00</Timestamp>
    <TaxPeriodEndDate>2011-12-31</TaxPeriodEndDate>
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        <BusinessNameLine1>BREHM HAVEL &amp; COMPANY LLP</BusinessNameLine1>
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      <PreparerFirmUSAddress>
        <AddressLine1>7809 BROADWAY ST</AddressLine1>
        <City>SAN ANTONIO</City>
        <State>TX</State>
        <ZIPCode>782092558</ZIPCode>
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    <ReturnType>990EZ</ReturnType>
    <TaxPeriodBeginDate>2011-01-01</TaxPeriodBeginDate>
    <Filer>
      <EIN>010758596</EIN>
      <Name>
        <BusinessNameLine1>ARTEMIS INSTITUTE</BusinessNameLine1>
      </Name>
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      <Phone>4062201099</Phone>
      <USAddress>
        <AddressLine1>3556 BEAR CANYON ROAD</AddressLine1>
        <City>BOZEMAN</City>
        <State>MT</State>
        <ZIPCode>59715</ZIPCode>
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    </Filer>
    <Officer>
      <Name>LORI RYKER</Name>
      <Title>Executive Director</Title>
      <DateSigned>2012-11-15</DateSigned>
      <AuthorizeThirdParty>true</AuthorizeThirdParty>
    </Officer>
    <Preparer>
      <Name>GAYLE L HAVEL</Name>
      <Phone>2105767001</Phone>
    </Preparer>
    <TaxYear>2011</TaxYear>
    <BuildTS>2016-02-24 21:20:13Z</BuildTS>
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      <WebSite>WWW.ARTEMISINSTITUTE.ORG</WebSite>
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      <GrossReceipts>137000</GrossReceipts>
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      <ContributionsGiftsGrantsEtc>25055</ContributionsGiftsGrantsEtc>
      <ProgramServiceRevenue>102245</ProgramServiceRevenue>
      <GrossAmountFromSaleOfAssets>9700</GrossAmountFromSaleOfAssets>
      <CostOtherBasisAndSalesExpenses>1688</CostOtherBasisAndSalesExpenses>
      <GainOrLossFromSaleOfAssets>8012</GainOrLossFromSaleOfAssets>
      <FundraisingGrossIncome>0</FundraisingGrossIncome>
      <SpecialEventsDirectExpenses>0</SpecialEventsDirectExpenses>
      <CostOfGoodsSold>0</CostOfGoodsSold>
      <TotalRevenue>135312</TotalRevenue>
      <GrantsAndSimilarAmountsPaid>4000</GrantsAndSimilarAmountsPaid>
      <SalariesOtherCompEmplBenefits>54871</SalariesOtherCompEmplBenefits>
      <FeesAndOthPymtToIndContractors>1895</FeesAndOthPymtToIndContractors>
      <OccupancyRentUtilitiesAndMaint>16057</OccupancyRentUtilitiesAndMaint>
      <PrintingPublicationsPostage>403</PrintingPublicationsPostage>
      <OtherExpensesTotal>56291</OtherExpensesTotal>
      <TotalExpenses>133517</TotalExpenses>
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      <PrimaryExemptPurpose>EDUCATIONAL</PrimaryExemptPurpose>
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        <DescriptionProgramServiceAccom>ARTEMIS INSTITUTE RELOCATED ITS REMOTE STUDIO PROGRAM TO JACKSON HOLE, WYOMING AND OFFERED TWO REMOTE STUDIO PROGRAMS IN THE SUMMER AND FALL. THE INSTITUTE COORDINATED PROJECTS WITH THE JACKSON HOLE ART INITIATIVE. THE EXECUTIVE DIRECTOR, LORI RYKER, LECTURED AT THE FOLLOWING UNIVERSITIES: LSU, ULL, TULANE, UTSA AND TX A&amp;M. ADDITIONALLY, LORI SPOKE AT THE AIA WYOMING ANNUAL MEETING, AND THE AIA WOMEN'S SUMMIT.</DescriptionProgramServiceAccom>
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          <AddressLine1>2440 ORRINGTON AVE</AddressLine1>
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        <PersonName>VAL MARTINEZ</PersonName>
        <AddressUS>
          <AddressLine1>115 WINDSOR</AddressLine1>
          <City>CHAPEL HILL</City>
          <State>NC</State>
          <ZIPCode>27516</ZIPCode>
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        <Title>Secretary</Title>
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        <PersonName>BARBARA MCILHANY</PersonName>
        <AddressUS>
          <AddressLine1>221 WARING WELFARE RD</AddressLine1>
          <City>BOERNE</City>
          <State>TX</State>
          <ZIPCode>78006</ZIPCode>
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        <Title>Treasurer</Title>
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        <PersonName>LORI RYKER</PersonName>
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          <AddressLine1>3556 BEAR CANYON ROAD</AddressLine1>
          <City>BOZEMAN</City>
          <State>MT</State>
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        <Title>Executive Direc</Title>
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        <Compensation>47667</Compensation>
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      <TransactionWithControlEntity>false</TransactionWithControlEntity>
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      <EngageInLobbyingActivities>false</EngageInLobbyingActivities>
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      <PartVIAHghstPaidCntrctProfSer>NONE</PartVIAHghstPaidCntrctProfSer>
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        <Total>0</Total>
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      <TotalSupport>250920</TotalSupport>
      <GrossReceiptsFromAdmissionsEtc>227450</GrossReceiptsFromAdmissionsEtc>
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      <PublicSupportPertcentPriorYear>1.00000</PublicSupportPertcentPriorYear>
      <ThirtyThreePercntTestsCY170>X</ThirtyThreePercntTestsCY170>
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      <LoanTable>
        <NamePerson>LORI RYKER</NamePerson>
        <PurposeOfLoan>-WORKING CAPITAL</PurposeOfLoan>
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        <BalanceDue>4740</BalanceDue>
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        <Identifier>Form 990-EZ, Part II, Line 26.1</Identifier>
        <ReturnReference>Total Liabilities.1</ReturnReference>
        <Explanation>CREDIT CARDS &amp; PR TAXES PAYABLE - Beginning $905 CREDIT CARDS &amp; PR TAXES PAYABLE - Ending $2440</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990-EZ, Part II, Line 26.1006</Identifier>
        <ReturnReference>Total Liabilities.1006</ReturnReference>
        <Explanation>Payable to Officers, Directors, Etc. - Beginning $4740 Payable to Officers, Directors, Etc. - Ending $4740</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990-EZ, Part II, Line 24.1</Identifier>
        <ReturnReference>Other Assets.1</ReturnReference>
        <Explanation>LOAN REC-STUDIO.BNA - Beginning $467 LOAN REC-STUDIO.BNA - Ending $467</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990-EZ, Part II, Line 24.1003</Identifier>
        <ReturnReference>Other Assets.1003</ReturnReference>
        <Explanation>Machinery and Equipment - Beginning $1473 Machinery and Equipment - Ending $6035</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990-EZ, Part II, Line 24.1002</Identifier>
        <ReturnReference>Other Assets.1002</ReturnReference>
        <Explanation>Furniture and Fixtures - Beginning $2392 Furniture and Fixtures - Ending $2182</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990-EZ, Part II, Line 24.1001</Identifier>
        <ReturnReference>Other Assets.1001</ReturnReference>
        <Explanation>Automobiles - Beginning $4100 Automobiles - Ending $8871</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990-EZ, Part I, Line 16.18</Identifier>
        <ReturnReference>Other Expenses.18</ReturnReference>
        <Explanation>MISCELLANEOUS $15</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
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        <ReturnReference>Other Expenses.17</ReturnReference>
        <Explanation>FINES,PENALTIES,JUDGEMENTS $21</Explanation>
      </GeneralExplanation>
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        <ReturnReference>Other Expenses.16</ReturnReference>
        <Explanation>BANK SERVICE FEES $73</Explanation>
      </GeneralExplanation>
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        <ReturnReference>Other Expenses.15</ReturnReference>
        <Explanation>LICENSE &amp; PERMITS $80</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
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        <ReturnReference>Other Expenses.14</ReturnReference>
        <Explanation>BUSINESS EXP-OTHER $110</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
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        <ReturnReference>Other Expenses.13</ReturnReference>
        <Explanation>BOOKS, SUBS, REFERENCE $161</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990-EZ, Part I, Line 16.12</Identifier>
        <ReturnReference>Other Expenses.12</ReturnReference>
        <Explanation>COMPUTER SERVICES $258</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
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        <ReturnReference>Other Expenses.11</ReturnReference>
        <Explanation>AUTO REGISTRATION $376</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
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        <ReturnReference>Other Expenses.9</ReturnReference>
        <Explanation>REPAIRS &amp; MAINTENANCE $994</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
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        <ReturnReference>Other Expenses.8</ReturnReference>
        <Explanation>AUTO REPAIRS $1017</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990-EZ, Part I, Line 16.7</Identifier>
        <ReturnReference>Other Expenses.7</ReturnReference>
        <Explanation>SUPPLIES $1652</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
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        <ReturnReference>Other Expenses.6</ReturnReference>
        <Explanation>MEALS &amp; ENTERTAINMENT $2041</Explanation>
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      <GeneralExplanation>
        <Identifier>Form 990-EZ, Part I, Line 16.5</Identifier>
        <ReturnReference>Other Expenses.5</ReturnReference>
        <Explanation>EQUIPMENT RENT $2482</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990-EZ, Part I, Line 16.4</Identifier>
        <ReturnReference>Other Expenses.4</ReturnReference>
        <Explanation>TELEPHONE $4659</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
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        <ReturnReference>Other Expenses.3</ReturnReference>
        <Explanation>CASH STIPENDS $6075</Explanation>
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      <GeneralExplanation>
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        <ReturnReference>Other Expenses.2</ReturnReference>
        <Explanation>PROJECT MATERIALS &amp; SUPPLIES $7726</Explanation>
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      <GeneralExplanation>
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        <ReturnReference>Other Expenses.1</ReturnReference>
        <Explanation>CONTRACT LABOR $9530</Explanation>
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      <GeneralExplanation>
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        <ReturnReference>Other Expenses.1012</ReturnReference>
        <Explanation>Insurance $5384</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
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        <ReturnReference>Other Expenses.1009</ReturnReference>
        <Explanation>Depreciation $5162</Explanation>
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        <Explanation>Conferences, Conventions, and Meetings $141</Explanation>
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      <GeneralExplanation>
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