Nova Arts Foundation INC FY2020 filing

Tax-deductible

Kailua, HI501(c)(3)EIN 13-2941045Revenue $132K in FY2020

On file with the IRSiona360.comPo Box 670, 96734-0670 · Kailua, HITax-exempt since May 1980Publicly supported — 509(a)(2)

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Dance/art performances to enable a diverse and growing audience to learn and experience the art of dance and its capacity to educate by crossing cultural, spiritual, and economic boundaries.

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

Before you give

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
0 of 6
filings with a surplus
Average deficit $16K a year · 9% of revenue · last 6 filings
Concern: a surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
10 mo
of spending, in cash
Looks good: 9.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $3K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$157K
122% of total assets
Concern: liabilities are 122% of assets; over 80%.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$132K
Spent
$139K
To programs
72%
Net assets
−$28K
By yearFY2020–FY2025
Revenue
$132K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$132K
FY2021$104K
FY2022$188K
FY2023$327K
FY2024$177K
FY2025$193K
Expenses
$139K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$139K
FY2021$142K
FY2022$196K
FY2023$356K
FY2024$182K
FY2025$201K
Net assets
−$28K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020−$28K
FY2021−$66K
FY2022−$75K
FY2023−$63K
FY2024−$67K
FY2025−$75K

From the FY2020 Form 990 · 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 May 1980.

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% · $100K Management & general 28% · $39K Fundraising 0% · $364

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
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
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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

Presents dance and art performances to educate diverse audiences about dance's cultural power.

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Provided by the organization

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1 program · $100K · in their own filed words · FY2020
01

Dance performances, education, and programs designed to enhance the learning and experiencing of the art of dance and helping foster an increased self-awareness and understanding of other people and diverse world cultures.

$100Kprogram 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 · FY2025
Total grants receivedfrom 1 funder$3K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$132K
Ln 12
Gifts and grantsLn 1h$82K
Fees for servicesLn 2g$28K
Other incomeLn 4–11$22K
Money outPt IX
$139K
Ln 25
Programscol B$100K
Managementcol C$39K
Fundraisingcol D$364
Owns and owesPt X
−$28K
net assets · Ln 32
Cash and savingsLn 1–2$113K
Total assetsLn 16$129K
LiabilitiesLn 26$157K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$82K
Fees for servicesLn 2g$28K
Investment incomeLn 3$352
Other incomeLn 4–11$22K
Gains on assetsLn 7$352
Total revenueLn 12$132K
Assets in detailPt X, end of year
CashLn 1$10K
SavingsLn 2$104K
Cash and savings togetherLn 1–2$113K
Other assetsLn 15$100
Total assetsLn 16$129K
LiabilitiesLn 26$157K
Net assetsLn 32−$28K
OperationsPt I, VI
EmployeesI 51
VolunteersI 615
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 FY20End FY20
Cash and savingsLn 1–2$581$113K
Total assetsLn 16$19K$129K
LiabilitiesLn 26$38K$157K
Net assetsLn 32−$19K−$28K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$38K$19K$19K
Other employee benefitsLn 9$10K$5K$5K
Payroll taxesLn 10$11K$5K$5K
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$4K$2K$2K
OccupancyLn 16$40K$40K
TravelLn 17$2K$2K
Conferences, conventions and meetingsLn 19$44$44
InterestLn 20$865$847$9$9
InsuranceLn 23$618$618
Other expenses (24a–d)Ln 24$24K$20K$4K
All other expensesLn 24e$7K$4K$3K$355
Total functional expensesLn 25$139K$100K$39K$364

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $193K$201K−$8K−$75K 990 PDF
FY2024 $177K$182K−$5K−$67K 990 PDF
FY2023 $327K$356K−$29K−$63K 990 PDF
FY2022 $188K$196K−$8K−$75K 990 PDF
FY2021 $104K$142K−$38K−$66K 990 PDF
FY2020 Viewing $132K$139K−$8K−$28K 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 $131,579 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $67,309$81,669
I-9 Program service revenuePrior year $94,526$27,990
I-10 Investment income$352
I-11 Other revenuePrior year $37,399$21,568
I-12 Total revenuePrior year $199,234$131,579
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $58,920$59,417
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $152,141$79,846
I-18 Total expensesPrior year $211,061$139,263
I-19 Revenue less expensesPrior year −$11,827−$7,684
Part VI · Governance 3 of 3 board members independent, 2 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $131,579 across 6 lines filed
VIII-1f All other contributions, gifts and grants$81,669
VIII-1h Total contributions, gifts and grants$81,669
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $27,990$27,990
VIII-7 Net gain or loss on sales of assetsRelated to mission $352$352
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $21,568$21,568
VIII-12 Total revenueRelated to mission $49,910$131,579
Part IX · Statement of functional expenses $139,263 across 12 lines filed
IX-7 Other salaries and wagesPrograms $19,172 · Management $19,173$38,345
IX-9 Other employee benefitsPrograms $5,158 · Management $5,160$10,318
IX-10 Payroll taxesPrograms $5,377 · Management $5,377$10,754
IX-12 Advertising and promotionPrograms $1,434$1,434
IX-13 Office expensesPrograms $1,789 · Management $1,789$3,578
IX-16 OccupancyPrograms $40,192$40,192
IX-17 TravelPrograms $2,016$2,016
IX-19 Conferences, conventions and meetingsManagement $44$44
IX-20 InterestPrograms $847 · Management $9 · Fundraising $9$865
IX-23 InsuranceManagement $618$618
IX-24 Other expenses (24a–d)Programs $20,151 · Management $3,558$23,709
IX-24e All other expensesPrograms $3,562 · Management $3,473 · Fundraising $355$7,390
IX-25 Total functional expensesPrograms $99,698 · Management $39,201 · Fundraising $364$139,263
Part X · Balance sheet $129,424 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $581$9,501
X-2 Savings and temporary cash investments$103,816
X-3 Pledges and grants receivableStart of year $18,276$16,007
X-15 Other assetsStart of year $100$100
X-16 Total assetsStart of year $18,957$129,424
X-17 Accounts payable and accrued expensesStart of year $14,471$5,880
X-19 Deferred revenueStart of year $5,000$17,770
X-24 Unsecured notes and loans payableStart of year $18,654$133,741
X-26 Total liabilitiesStart of year $38,125$157,391
X-32 Total net assets or fund balancesStart of year −$19,168−$27,967
X-33 Total liabilities and net assetsStart of year $18,957$129,424
Part XI · Reconciliation of net assets −$27,967 net assets at year end
XI-1 Total revenue$131,579
XI-2 Total expenses$139,263
XI-3 Revenue less expenses−$7,684
XI-4 Net assets at start of year−$19,168
XI-8 Prior period adjustments−$1,115
XI-10 Net assets at end of year−$27,967

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

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