Visual Arts Foundation INC

Tax-deductible

New York, NY501(c)(3)Since 1968Arts & CultureEIN 13-6261474Revenue $516K in FY2025

On file with the IRSvisualartsfoundation.org209 E 23rd St, 10010-3901 · New York, NYTax-exempt since Aug 1968Publicly supported charity — 170(b)(1)(A)(vi)

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The mission is to advance the arts as both an individual vocation and social force. The Foundation supports emerging artists and broadens audiences for their work, fosters a climate that values and seeks understanding of the arts.

501(c)(3) charity; gifts are tax-deductible.
77¢ 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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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
6 of 6
filings with a surplus
Average surplus $374K a year · 54% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Looks good: 4.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $90K
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$1K
0.02% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$516K
-15% vs prior year
Spent
$321K
To programs
77%
Net assets
$5.0M
By yearFY2020–FY2025
Revenue
$516K
FY2025▼ -15%
Tap a bar for its year
Revenue by fiscal year
FY2020$656K
FY2021$1.2M
FY2022$570K
FY2023$604K
FY2024$610K
FY2025$516K
Expenses
$321K
FY2025▼ -7%
Tap a bar for its year
Expenses by fiscal year
FY2020$250K
FY2021$310K
FY2022$312K
FY2023$376K
FY2024$344K
FY2025$321K
Net assets
$5.0M
FY2025-0.02%
Tap a bar for its year
Net assets by fiscal year
FY2020$4.2M
FY2021$5.1M
FY2022$4.2M
FY2023$4.7M
FY2024$5.0M
FY2025$5.0M

From the FY2025 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1968.

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

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $248K Management & general 23% · $73K

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

7 people listed on the 990.

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
See Visual Arts Foundation 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

Supports emerging artists and broadens audiences, fostering understanding and appreciation of the arts.

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Provided by the organization

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1 program · $248K · in their own filed words · FY2025
01

The Foundation provides scholarships, grants and awards for deserving students pursuing courses in the field of art.

$248Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
See all 6 funders →
Grants paid · 5 grants · $1.1M · 2020–2024
Unitemized GrantFY2024$256,850
Unitemized GrantFY2023$254,180
Unitemized GrantFY2022$185,550
Unitemized GrantFY2021$256,579
Unitemized GrantFY2020$183,150

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$516K
Ln 12
Investment incomeLn 3$248K
Gifts and grantsLn 1h$243K
Fees for servicesLn 2g$25K
Money outPt IX
$321K
Ln 25
Programscol B$248K
Managementcol C$73K
Owns and owesPt X
$5.0M
net assets · Ln 32
Cash and savingsLn 1–2$132K
Total assetsLn 16$5.0M
LiabilitiesLn 26$1K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$243K
Fees for servicesLn 2g$25K
Investment incomeLn 3$248K
Gains on assetsLn 7$0
Total revenueLn 12$516K
Assets in detailPt X, end of year
CashLn 1$132K
SavingsLn 2$0
Cash and savings togetherLn 1–2$132K
InvestmentsLn 11–13$2.8M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$2.0M
Total assetsLn 16$5.0M
LiabilitiesLn 26$1K
Net assetsLn 32$5.0M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
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 FY25End FY25
Cash and savingsLn 1–2$136K$132K
InvestmentsLn 11–13$2.9M$2.8M
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$5.0M$5.0M
LiabilitiesLn 26$975$1K
Net assetsLn 32$5.0M$5.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$237K$237K
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$73K$73K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$9K$9K
All other expensesLn 24e$166$166
Total functional expensesLn 25$321K$248K$73K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $516K$321K$195K$5.0M 990 PDF
FY2024 $610K$344K$266K$5.0M 990 PDF
FY2023 $604K$376K$228K$4.7M 990 PDF
FY2022 $570K$312K$257K$4.2M 990 PDF
FY2021 $1.2M$310K$893K$5.1M 990 PDF
FY2020 $656K$250K$407K$4.2M 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 FY2025 990 (6 parts)
Part I · Summary $516,311 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $334,198$243,300
I-9 Program service revenuePrior year $40,820$25,480
I-10 Investment incomePrior year $234,834$247,531
I-11 Other revenue$0
I-12 Total revenuePrior year $609,852$516,311
I-13 Grants and similar amounts paidPrior year $256,850$237,095
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $86,847$83,901
I-18 Total expensesPrior year $343,697$320,996
I-19 Revenue less expensesPrior year $266,155$195,315
Part VI · Governance 7 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
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 $516,311 across 9 lines filed
VIII-1f All other contributions, gifts and grants$243,300
VIII-1h Total contributions, gifts and grants$243,300
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $25,480$25,480
VIII-3 Investment incomeExcluded from tax $247,531$247,531
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $25,480 · Excluded from tax $247,531$516,311
Part IX · Statement of functional expenses $320,996 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individualsPrograms $237,095$237,095
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $72,869$72,869
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsurancePrograms $1,423$1,423
IX-24 Other expenses (24a–d)Programs $9,443$9,443
IX-24e All other expensesPrograms $166$166
IX-25 Total functional expensesPrograms $248,127 · Management $72,869 · Fundraising $0$320,996
Part X · Balance sheet $4,989,076 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $136,420$131,900
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivableStart of year $26,500$50
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securitiesStart of year $2,862,642$2,826,964
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $1,964,038$2,030,162
X-16 Total assetsStart of year $4,989,600$4,989,076
X-17 Accounts payable and accrued expensesStart of year $975$1,208
X-26 Total liabilitiesStart of year $975$1,208
X-27 Net assets without donor restrictionsStart of year $409,245$456,708
X-28 Net assets with donor restrictionsStart of year $4,579,380$4,531,160
X-32 Total net assets or fund balancesStart of year $4,988,625$4,987,868
X-33 Total liabilities and net assetsStart of year $4,989,600$4,989,076
Part XI · Reconciliation of net assets $4,987,868 net assets at year end
XI-1 Total revenue$516,311
XI-2 Total expenses$320,996
XI-3 Revenue less expenses$195,315
XI-4 Net assets at start of year$4,988,625
XI-5 Net unrealized gains (losses) on investments−$170,591
XI-6 Donated services and use of facilities−$25,480
XI-9 Other changes in net assets−$1
XI-10 Net assets at end of year$4,987,868

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

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