Topaz Arts INC

Tax-deductible

Woodside, NY501(c)(3)Since 2000EducationEIN 13-4137551Revenue $294K in FY2025

On file with the IRStopazarts.orgPo Box 770150, 11377-0150 · Woodside, NYTax-exempt since Apr 2001Publicly supported charity — 170(b)(1)(A)(vi)

Tell your story. Claim this org

Topaz Arts fosters the creative process, encouraging new works of diverse artists and provides public programs for contemporary performing and visual Arts. Maintaining a 2,500 sq. Fe. Multidisciplinary Arts center in woodside, queens which includes a dance rehearsal studio and gallery, Topaz Arts provides affordable space, technical support, residencies and presentation opportunities, enabling artists to realize their projects and the process shared with audiences.

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
$154K 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

FY2025 · 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
2 of 4
filings with a surplus
Average surplus $49K a year · 17% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$154K
to officers and key staff · 48% of spending
Top officer’s pay higher than 69% of similar orgs
Concern: pay to officers and key staff is 48% of spending; over 30%.
Pt VII · Sec A
Cash reserves
10 mo
of spending, in cash
Looks good: 10.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $22K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$883K
184% of total assets
Concern: liabilities are 184% of assets; over 80%.
Pt X · Ln 26
Independent board members
3
of 5 voting members
Looks good: 3 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$294K
+40% vs prior year
Spent
$320K
To programs
84%
Net assets
−$402K
By yearFY2020–FY2025
Revenue
$294K
FY2025▲ +40%
Tap a bar for its year
Revenue by fiscal year
FY2020$120K
FY2021$117K
FY2022$390K
FY2023$260K
FY2024$210K
FY2025$294K
Expenses
$320K
FY2025▲ +19%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021Not on file
FY2022$150K
FY2023$219K
FY2024$269K
FY2025$320K
Net assets
−$402K
FY2025▼ -7%
Tap a bar for its year
Net assets by fiscal year
FY2020−$598K
FY2021−$598K
FY2022−$358K
FY2023−$317K
FY2024−$376K
FY2025−$402K

From the FY2025 Form 990 (year ending June 2025) · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2001.

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

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $271K Management & general 9% · $30K Fundraising 6% · $20K

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

Something off? Claim to fix it

Who runs it and what they're paid

5 people listed on the 990; $154K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$77,000Pt VII · Sec A
Vice President/Treasurer
$77,000Pt VII · Sec A
Chairperson
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Todd B Richmond’s $77K as President is at the 69th percentile of top reported officer pay among 1612 $100K–1M education 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 · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Todd B Richmond$77,000$60,000$48,333———
Paz Tanjuaquio$77,000$60,000$48,333$37,400$28,800$16,256
Todd Richmond———$37,400$28,800$16,256

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.

See Topaz Arts INC executive salaries →

On this list? Claim this org

Something off? Claim to fix it

Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Supports artists by providing space, resources, and opportunities to create and share new performing and visual arts.

Questions for Topaz Arts INC

Tap to ask. Topaz Arts INC sees how many people are interested.

Your first name shows with your question. Topaz Arts INC answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $271K · in their own filed words · FY2024
01

Topaz Arts

Artist services is an ongoing program which serves the nyc artist community with affordable space for dance rehearsals, technical support, and showings - enabling artists to realize their projects for public PRESENTATIONS.TOPAZ arts' visual arts program hosts exhibitions focusing on new work by professional artists, from the established…

$271Kprogram 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 · FY2024
Total grants receivedfrom 2 funders$22K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$294K
Ln 12
Gifts and grantsLn 1h$277K
Fees for servicesLn 2g$12K
Investment incomeLn 3$5K
Money outPt IX
$320K
Ln 25
Programscol B$271K
Managementcol C$30K
Fundraisingcol D$20K
Owns and owesPt X
−$402K
net assets · Ln 32
Cash and savingsLn 1–2$272K
Total assetsLn 16$480K
LiabilitiesLn 26$883K
PeoplePt VI, VII
5
listed · VII A
PaidVII A2
Voting boardVI 1a5
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$277K
Government grantsLn 1e$158K
Fees for servicesLn 2g$12K
Investment incomeLn 3$5K
Total revenueLn 12$294K
Assets in detailPt X, end of year
CashLn 1$49K
SavingsLn 2$222K
Cash and savings togetherLn 1–2$272K
Land, buildings, equipmentLn 10c$157K
Other assetsLn 15$150
Total assetsLn 16$480K
LiabilitiesLn 26$883K
Net assetsLn 32−$402K
OperationsPt I, VI
EmployeesI 52
VolunteersI 60
Fiscal year endsHeaderJune
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 FY25End FY25
Cash and savingsLn 1–2$323K$272K
Land, buildings, equipmentLn 10c$163K$157K
Total assetsLn 16$502K$480K
LiabilitiesLn 26$878K$883K
Net assetsLn 32−$376K−$402K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$198K$169K$15K$15K
Payroll taxesLn 10$13K$11K$952$952
Accounting feesLn 11c$9K$9K
Advertising and promotionLn 12$395$395
Office expensesLn 13$3K$3K$245$245
TravelLn 17$13K$13K
Conferences, conventions and meetingsLn 19$3K$3K
Depreciation, depletion and amortizationLn 22$6K$5K$453$453
InsuranceLn 23$9K$8K$684$684
Other expenses (24a–d)Ln 24$56K$50K$4K$2K
All other expensesLn 24e$10K$8K$626$626
Total functional expensesLn 25$320K$271K$30K$20K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $294K$320K−$26K−$402K 990 PDF
FY2024 $210K$269K−$59K−$376K 990 PDF
FY2023 $260K$219K$41K−$317K 990 PDF
FY2022 $390K$150K$240K−$358K 990 PDF
FY2021 $117K−$598K 990 PDF
FY2020 $120K−$598K 990 PDF

More to add? Claim this org

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 FY2025 990 (6 parts)
Part I · Summary $294,094 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $189,333$277,373
I-9 Program service revenuePrior year $17,192$11,921
I-10 Investment incomePrior year $836$4,800
I-11 Other revenuePrior year $2,376$0
I-12 Total revenuePrior year $209,737$294,094
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $169,431$211,243
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $99,361$108,927
I-18 Total expensesPrior year $268,792$320,170
I-19 Revenue less expensesPrior year −$59,055−$26,076
Part VI · Governance 3 of 5 board members independent, 3 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $294,094 across 6 lines filed
VIII-1e Government grants$157,752
VIII-1f All other contributions, gifts and grants$119,621
VIII-1h Total contributions, gifts and grants$277,373
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $11,921$11,921
VIII-3 Investment incomeExcluded from tax $4,800$4,800
VIII-12 Total revenueRelated to mission $11,921 · Unrelated business $0 · Excluded from tax $4,800$294,094
Part IX · Statement of functional expenses $320,170 across 11 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $168,895 · Management $14,786 · Fundraising $14,786$198,467
IX-10 Payroll taxesPrograms $10,872 · Management $952 · Fundraising $952$12,776
IX-11c Accounting feesManagement $8,598$8,598
IX-12 Advertising and promotionPrograms $395$395
IX-13 Office expensesPrograms $2,794 · Management $245 · Fundraising $245$3,284
IX-17 TravelPrograms $12,858$12,858
IX-19 Conferences, conventions and meetingsPrograms $2,989$2,989
IX-22 Depreciation, depletion and amortizationPrograms $5,178 · Management $453 · Fundraising $453$6,084
IX-23 InsurancePrograms $7,813 · Management $684 · Fundraising $684$9,181
IX-24 Other expenses (24a–d)Programs $50,372 · Management $3,627 · Fundraising $1,930$55,929
IX-24e All other expensesPrograms $8,357 · Management $626 · Fundraising $626$9,609
IX-25 Total functional expensesPrograms $270,523 · Management $29,971 · Fundraising $19,676$320,170
Part X · Balance sheet $480,459 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $122,347$49,431
X-2 Savings and temporary cash investmentsStart of year $200,638$222,407
X-3 Pledges and grants receivableStart of year $15,760$51,132
X-10c Land, buildings and equipment, netStart of year $163,423$157,339
X-15 Other assetsStart of year $150$150
X-16 Total assetsStart of year $502,318$480,459
X-17 Accounts payable and accrued expensesStart of year $13,226$17,443
X-25 Other liabilitiesStart of year $865,227$865,227
X-26 Total liabilitiesStart of year $878,453$882,670
X-27 Net assets without donor restrictionsStart of year −$408,460−$438,696
X-28 Net assets with donor restrictionsStart of year $32,325$36,485
X-32 Total net assets or fund balancesStart of year −$376,135−$402,211
X-33 Total liabilities and net assetsStart of year $502,318$480,459
Part XI · Reconciliation of net assets −$402,211 net assets at year end
XI-1 Total revenue$294,094
XI-2 Total expenses$320,170
XI-3 Revenue less expenses−$26,076
XI-4 Net assets at start of year−$376,135
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$402,211

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.