Artsworcester EIN 04-2768202

Artsworcester

EIN  04-2768202 Public charity (501(c)(3)) Worcester, MA
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Size
$100K–1M
What they do
Showcases art through public exhibitions and programs.
Leadership
Juliet Feibel · Executive Director · $85K
Money in and out
$749K revenue, $526K expenses
Bottom line
63% program efficiency

Showcases art through public exhibitions and programs. For fiscal year 2025 it reported $749K in revenue, $526K in expenses, and $2.0M in net assets.Pt I

Where the money goes · FY2025
Total revenue
$749K
Pt VIII · Ln 12
Total expenses
$526K
Pt IX · Ln 25
Net assets
$2.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $223K
Where spending went · Part IX cols B–D
Program services $0.63 Management & general $0.18 Fundraising $0.19
Program efficiency
63%
of spending reaches programs▲ +7% vs prior filing year
Operating runway
19.6mo
months of highly liquid reserves at operating expense rate▼ -2% vs prior filing year
Surplus margin
+30%
revenue over expenses, this year▲ +131% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$749K
FY2025▲ +39%
Expenses
$526K
FY2025▲ +12%
Total assets
$2.3M
FY2025▲ +21%
Total liabilities
$306K
FY2025▲ +41%
Total revenue
$749K
Pt VIII · Ln 12
Total expenses
$526K
Pt IX · Ln 25
Net assets
$2.0M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$223K
Total assetsPt X · Ln 16$2.3M
Program-expense ratioPt IX · col B63%
Voting members of governing bodyPt I · Ln 315
Independent voting membersPt I · Ln 415
Mission & Programs · Part III

Where the work happens

1 program service account for $333K of program spending, described in the organization's own filed words · FY2024.
01

The purpose is to provide exhibition and sales opportunities to member artists, offer professional development training, and cultivate audience and collectors. To benefit our members, residents and local business through exhibition programs.

$333Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CArtsworcester
EINHdr · item D04-2768202
Principal addressHdr · item CWorcester, MA
WebsiteHdr · item Jartsworcester.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A250)
Ruling yearIRS BMFMay 1987

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a15
Independent voting membersPt VI · Ln 1b15
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Director
$85,000Pt VII · Sec A
Associate Director
$60,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director, President
$0Pt VII · Sec A

Juliet Feibel’s $85K as Executive Director is at the 79th percentile of top reported officer pay among 2212 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Juliet Feibel$85,000$77,184$80,153$78,709$69,231$75,000
Alice Dillon$60,000$58,131$53,296$40,937$29,597
Allie Heimos$50,481$49,443$39,462$29,445
Katherine Rasche$21,664

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$639K · 85%
Program service revenue$74K · 10%
Investment income$27K · 4%
Other revenue$9K · 1%
Contributions & grants85%$639K
Program service revenue10%$74K
Investment income4%$27K
Other revenue1%$9K
Total revenueLn 12$749K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.63 Management & general $0.18 Fundraising $0.19
Program services63%$333K
Management & general18%$95K
Fundraising19%$98K
Total functional expensesLn 25$526K

Balance Sheet

Part X · end of year
CashLn 1$862K
Total assetsLn 16$2.3M
Total liabilitiesLn 26$306K
Total net assetsLn 32$2.0M
Months of cash on handcomputed19.6

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $862K · Operating expenses/yr $526K
19.6 months
Where the money goes
Program services
Program services $333K · Total expenses $526K
63%
Management & General
Management & general $95K · Total expenses $526K
18%
Fundraising
Fundraising $98K · Total expenses $526K
19%
Cost to raise $1
Fundraising expense (3-yr avg) $74K · Solicited contributions (3-yr avg) $461K
$0.16 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $639K · Total revenue $749K
85%
Government reliance
Government grants — · Total revenue $749K
Earned-income share
Program service revenue $74K · Total revenue $749K
10%
Investment reliance
Investment income $27K · Total revenue $749K
+4%
Program self-sufficiency
Program service revenue $74K · Total expenses $526K
14%
Growth & trend
Revenue growth (YoY)
This year $749K · Prior year $541K
+39%
Revenue CAGR
FY2019 $484K · FY2024 $749K
+9%
Net-asset trend (YoY)
End of year $2.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $749K · Expenses $526K
+30%
Liabilities-to-Assets
Total liabilities — · Total assets $2.3M
Net-asset ratio
Net assets $2.0M · Total assets $2.3M
87%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $2.3M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Juliet Feibel · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $85K · Total expenses $526K
16%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $283K · Total expenses $526K
54%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 63%
Overhead ratio 18%
Fundraising cost ratio 15%
Revenue growth 39%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$1K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$749K revenue · viewing · ⤓ 990 PDF
FY2024$541K revenue · ⤓ 990 PDF
FY2023$386K revenue · ⤓ 990 PDF
FY2022$379K revenue · ⤓ 990 PDF
FY2021$362K revenue · ⤓ 990 PDF
FY2020$484K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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