Glasstire FY2021 filing

Tax-deductible

Houston, TX501(c)(3)Arts & CultureEIN 04-3691617

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Glasstire is online magazine for visual art in Texas.

501(c)(3) charity; gifts are tax-deductible.
72¢ of each $1 spent went to programs.
$71K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $81K a year · 16% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$71K
to officers and key staff · 19% of spending
Fine: pay to officers and key staff is 19% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
10 mo
of spending, in cash
Looks good: 10.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $184K
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$39K
10% of total assets
Looks good: liabilities are 10% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$467K
+6% vs prior year
Spent
$375K
To programs
72%
Net assets
$348K
By yearFY2020–FY2024
Revenue
$467K
FY2021▲ +6%
Revenue by fiscal year
FY2020$440K
FY2021$467K
FY2022$523K
FY2023$570K
FY2024$556K
Expenses
$375K
FY2021▼ -2%
Expenses by fiscal year
FY2020$384K
FY2021$375K
FY2022$406K
FY2023$466K
FY2024$521K
Net assets
$348K
FY2021▲ +36%
Net assets by fiscal year
FY2020$256K
FY2021$348K
FY2022$465K
FY2023$569K
FY2024$604K

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2002.

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

Where the money goes

72 cents of each dollar spent went to programs.

Program services 72% · $271K Management & general 21% · $80K Fundraising 7% · $25K

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

12 people listed on the 990; $71K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director / Publisher
$57,850Pt VII · Sec A
Board Member
$13,500Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Brandon Zech’s $78K as Executive Dir / Publisher is at the 73rd percentile of top reported officer pay among 2215 $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 · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Brandon Zech$77,773$75,167$65,285$57,850$51,700
Rainey Knudson——$5,500$13,500—

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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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 15aYes

Programs and updates

Covers Texas visual art through an online magazine.

Provided by the organization

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1 program service account for $271K of program spending, described in the organization's own filed words · FY2021.
01

Glasstire is an award-winning online art magazine. We cover visual art throughout the state of Texas with original writing, videos, and podcasts. Our archive includes over 30,000 articles and events from the past 20 years.With an audience of hundreds of thousands readers annually, we are the publication of record for visual art in Texas.

$271Kprogram expense

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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 · FY2024
See all 6 funders →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$467K
Ln 12
Gifts and grantsLn 1h$421K
Fees for servicesLn 2g$59K
Investment incomeLn 3$3
Money outPt IX
$375K
Ln 25
Programscol B$271K
Managementcol C$80K
Fundraisingcol D$25K
Owns and owesPt X
$348K
net assets · Ln 32
Cash and savingsLn 1–2$325K
Total assetsLn 16$387K
LiabilitiesLn 26$39K
PeoplePt VI, VII
12
listed · VII A
PaidVII A2
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$421K
Government grantsLn 1e$75K
Noncash giftsLn 1g$55K
Fundraising eventsLn 1c$55K
Fees for servicesLn 2g$59K
Investment incomeLn 3$3
Total revenueLn 12$467K
Assets in detailPt X, end of year
CashLn 1$291K
SavingsLn 2$35K
Cash and savings togetherLn 1–2$325K
Land, buildings, equipmentLn 10c$2K
Total assetsLn 16$387K
LiabilitiesLn 26$39K
Net assetsLn 32$348K
OperationsPt I, VI
EmployeesI 55
VolunteersI 611
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$288K$325K
Land, buildings, equipmentLn 10c$3K$2K
Total assetsLn 16$337K$387K
LiabilitiesLn 26$82K$39K
Net assetsLn 32$256K$348K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$71K$37K$23K$12K
Other salaries and wagesLn 7$124K$100K$16K$8K
Payroll taxesLn 10$14K$9K$3K$1K
Accounting feesLn 11c$5K$5K
Other fees for servicesLn 11g$6K$6K
Advertising and promotionLn 12$6K$6K
Office expensesLn 13$21K$21K
Information technologyLn 14$35K$35K
TravelLn 17$9K$9K
Depreciation, depletion and amortizationLn 22$1K$1K
InsuranceLn 23$506$506
Other expenses (24a–d)Ln 24$82K$79K$4K
Total functional expensesLn 25$375K$271K$80K$25K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $556K$521K$34K$604K 990 PDF
FY2023 $570K$466K$104K$569K 990 PDF
FY2022 $523K$406K$117K$465K 990 PDF
FY2021 Viewing $467K$375K$92K$348K 990 PDF
FY2020 $440K$384K$56K$256K 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 FY2021 990 (4 parts)
Part VIII · Statement of revenue $466,683 across 9 lines filed
VIII-1c Fundraising events$55,230
VIII-1e Government grants$74,906
VIII-1f All other contributions, gifts and grants$290,556
VIII-1g Noncash contributions (included above)$55,230
VIII-1h Total contributions, gifts and grants$420,692
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $59,001$59,001
VIII-3 Investment incomeExcluded from tax $3$3
VIII-8 Net income from fundraising eventsExcluded from tax −$13,013−$13,013
VIII-12 Total revenueRelated to mission $59,001 · Unrelated business $0 · Excluded from tax −$13,010$466,683
Part IX · Statement of functional expenses $374,793 across 12 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $36,640 · Management $23,140 · Fundraising $11,570$71,350
IX-7 Other salaries and wagesPrograms $100,393 · Management $15,793 · Fundraising $7,897$124,083
IX-10 Payroll taxesPrograms $9,450 · Management $2,979 · Fundraising $1,489$13,918
IX-11c Accounting feesManagement $5,130$5,130
IX-11g Other fees for servicesManagement $5,720$5,720
IX-12 Advertising and promotionManagement $5,625$5,625
IX-13 Office expensesManagement $21,299$21,299
IX-14 Information technologyPrograms $34,857$34,857
IX-17 TravelPrograms $8,867$8,867
IX-22 Depreciation, depletion and amortizationPrograms $1,128$1,128
IX-23 InsurancePrograms $506$506
IX-24 Other expenses (24a–d)Programs $78,737 · Fundraising $3,573$82,310
IX-25 Total functional expensesPrograms $270,578 · Management $79,686 · Fundraising $24,529$374,793
Part X · Balance sheet $386,693 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $254,893$290,577
X-2 Savings and temporary cash investmentsStart of year $33,119$34,622
X-3 Pledges and grants receivableStart of year $45,847$57,502
X-9 Prepaid expenses and deferred chargesStart of year $330$1,919
X-10c Land, buildings and equipment, netStart of year $3,201$2,073
X-16 Total assetsStart of year $337,390$386,693
X-17 Accounts payable and accrued expensesStart of year $3,712$6,926
X-19 Deferred revenueStart of year $39,051$32,250
X-26 Total liabilitiesStart of year $81,763$39,176
X-32 Total net assets or fund balancesStart of year $255,627$347,517
X-33 Total liabilities and net assetsStart of year $337,390$386,693
Part XI · Reconciliation of net assets $347,517 net assets at year end
XI-1 Total revenue$466,683
XI-2 Total expenses$374,793
XI-3 Revenue less expenses$91,890
XI-4 Net assets at start of year$255,627
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$347,517

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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