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Lynn Arts INC FY2020 filing

Tax-deductible

Lynn, MA501(c)(3)Arts & CultureEIN 04-3171413Revenue $139K in FY2020

On file with the IRSlynnarts.org590 Washington St, 01901-1406 · Lynn, MATax-exempt since Jul 1993Publicly supported charity — 170(b)(1)(A)(vi)

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Promotion of the Arts in Lynn and greater boston

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 6
filings with a surplus
Average surplus $34K a year · 14% of revenue · last 6 filings
Worth a look: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 5.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $250K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$181K
19% of total assets
Looks good: liabilities are 19% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$139K
Spent
$183K
To programs
90%
Net assets
$770K
By yearFY2020–FY2025
Revenue
$139K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$139K
FY2021$142K
FY2022$145K
FY2023$141K
FY2024$675K
FY2025$213K
Expenses
$183K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$183K
FY2021$177K
FY2022$209K
FY2023$226K
FY2024$216K
FY2025$242K
Net assets
$770K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$770K
FY2021$735K
FY2022$671K
FY2023$587K
FY2024$1.0M
FY2025$1.0M

From the FY2020 Form 990 (year ending June 2020) · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 1993.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $164K Management & general 6% · $10K Fundraising 5% · $8K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Steve Walsh
Director
$0Pt VII · Sec A
See Lynn Arts INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Promotes arts in Lynn and Greater Boston through various programs and events.

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Provided by the organization

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1 program · $164K · in their own filed words · FY2019
01

Lynn arts, inc. Is dedicated to promoting cultural activity in the city of lynn, as well as encouraging community interest and involvement in the arts in the greater boston area.

$164Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Klarman Family FoundationFY2023$250K
Total grants receivedfrom 1 funder$250K

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$139K
Ln 12
Fees for servicesLn 2g$138K
Gifts and grantsLn 1h$1K
Money outPt IX
$183K
Ln 25
Programscol B$164K
Managementcol C$10K
Fundraisingcol D$8K
Owns and owesPt X
$770K
net assets · Ln 32
Cash and savingsLn 1–2$90K
Total assetsLn 16$951K
LiabilitiesLn 26$181K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1K
Fees for servicesLn 2g$138K
Total revenueLn 12$139K
Assets in detailPt X, end of year
CashLn 1$90K
Cash and savings togetherLn 1–2$90K
Land, buildings, equipmentLn 10c$854K
Other assetsLn 15$2K
Total assetsLn 16$951K
LiabilitiesLn 26$181K
Net assetsLn 32$770K
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$87K$90K
Land, buildings, equipmentLn 10c$907K$854K
Total assetsLn 16$997K$951K
LiabilitiesLn 26$184K$181K
Net assetsLn 32$813K$770K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Office expensesLn 13$114$92$11$11
OccupancyLn 16$32K$25K$3K$3K
InterestLn 20$2K$2K$208$208
Depreciation, depletion and amortizationLn 22$52K$51K$2K
InsuranceLn 23$7K$6K$691$691
Other expenses (24a–d)Ln 24$77K$71K$3K$3K
All other expensesLn 24e$12K$10K$1K$1K
Total functional expensesLn 25$183K$164K$10K$8K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $213K$242K−$29K$1.0M 990 PDF
FY2024 $675K$216K$459K$1.0M 990 PDF
FY2023 $141K$226K−$85K$587K 990 PDF
FY2022 $145K$209K−$64K$671K 990 PDF
FY2021 $142K$177K−$34K$735K 990 PDF
FY2020 Viewing $139K$183K−$43K$770K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $139,493 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $6,315$1,030
I-9 Program service revenuePrior year $130,267$138,463
I-10 Investment incomePrior year $1$0
I-11 Other revenue$0
I-12 Total revenuePrior year $136,583$139,493
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $168,331$182,599
I-18 Total expensesPrior year $168,331$182,599
I-19 Revenue less expensesPrior year −$31,748−$43,106
Part VI · Governance 4 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $139,493 across 4 lines filed
VIII-1f All other contributions, gifts and grants$1,030
VIII-1h Total contributions, gifts and grants$1,030
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Excluded from tax $138,463$138,463
VIII-12 Total revenueExcluded from tax $138,463$139,493
Part IX · Statement of functional expenses $182,599 across 7 lines filed
IX-13 Office expensesPrograms $92 · Management $11 · Fundraising $11$114
IX-16 OccupancyPrograms $25,413 · Management $3,177 · Fundraising $3,177$31,767
IX-20 InterestPrograms $1,666 · Management $208 · Fundraising $208$2,082
IX-22 Depreciation, depletion and amortizationPrograms $50,770 · Management $1,570$52,340
IX-23 InsurancePrograms $5,529 · Management $691 · Fundraising $691$6,911
IX-24 Other expenses (24a–d)Programs $70,649 · Management $3,236 · Fundraising $3,236$77,121
IX-24e All other expensesPrograms $9,948 · Management $1,158 · Fundraising $1,158$12,264
IX-25 Total functional expensesPrograms $164,067 · Management $10,051 · Fundraising $8,481$182,599
Part X · Balance sheet $950,971 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $86,803$90,135
X-4 Accounts receivableStart of year $1,376$4,838
X-10c Land, buildings and equipment, netStart of year $906,742$854,402
X-15 Other assetsStart of year $1,596$1,596
X-16 Total assetsStart of year $996,517$950,971
X-19 Deferred revenueStart of year $65,817$69,353
X-24 Unsecured notes and loans payableStart of year $45,000$45,000
X-25 Other liabilitiesStart of year $7,643$7,884
X-26 Total liabilitiesStart of year $183,839$181,399
X-27 Net assets without donor restrictionsStart of year $812,678$769,572
X-32 Total net assets or fund balancesStart of year $812,678$769,572
X-33 Total liabilities and net assetsStart of year $996,517$950,971
Part XI · Reconciliation of net assets $769,572 net assets at year end
XI-1 Total revenue$139,493
XI-2 Total expenses$182,599
XI-3 Revenue less expenses−$43,106
XI-4 Net assets at start of year$812,678
XI-10 Net assets at end of year$769,572

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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