Supports and presents innovative art, music, and media, expanding boundaries through exhibitions, performances, and archives.
For fiscal year 2024 it reported $238K in revenue, $249K in expenses, and $-686K in net assets.Pt I
Where the money goes · FY2024
Total revenue
$238K
Pt VIII · Ln 12
Total expenses
$249K
Pt IX · Ln 25
Net assets
$-686K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$11K
Where spending went · Part IX cols B–D
80%
20%
Program services $0.80 Management & general $0.20
Program efficiency
80%
of spending reaches programs▲ +8% vs prior filing year
Operating runway
0.4mo
months of highly liquid reserves at operating expense rate▼ -69% vs prior filing year
Surplus margin
-5%
revenue over expenses, this year▲ +46% vs prior filing year
Summary of the Filing
Part I · fiscal year 2024 · Form 990
Revenue
$238K
FY2024▼ -30%
$341K$170K$0
FY2020FY2024
Expenses
$249K
FY2024▼ -33%
$370K$185K$0
FY2020FY2024
Total assets
$21K
FY2024▼ -61%
$322K$161K$0
FY2020FY2024
Total liabilities
$707K
FY2024▼ -3%
$767K$384K$0
FY2020FY2024
Total revenue
$238K
Pt VIII · Ln 12
Total expenses
$249K
Pt IX · Ln 25
Net assets
$-686K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$11K
Total assetsPt X · Ln 16$21K
Program-expense ratioPt IX · col B80%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49
Mission & Programs · Part III
Where the work happens
1 program service account for $201K of program spending, described in the organization's own filed words · FY2024.
01
The foundation is dedicated to creative work in music, visual arts and other media and to the presentation of major extended installations that expand traditional boundaries of the arts. The foundations activities include performances, exhibitions, film, video and radio presentations, teaching, research and publications.
Jung Hee Choi’s $65K as Vice President
is at the 59th 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 · 1 named individual · Part VII
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.
Individual Jung Hee Choi · Reported title Vice President · Highest reported compensation $65K · Total expenses $249K
26%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $127K · Total expenses $249K
51%
Peer comparison
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
Metric
This org
Peer median
Percentile
Program ratio
80%
—
—
Overhead ratio
20%
—
—
Revenue growth
-30%
—
—
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.
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Sources
Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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