Hallwalls INC FY2021 filing

Buffalo, NY · Public charity (501(c)(3)) · Since 1974 · Arts & Culture

✓ Tax-deductible Latest data FY2021
Revenue
$471K
▲ +61% vs prior year
Spent
$422K
To programs
73%
Net assets
$440K
By yearFY2020–FY2024
Revenue
$471K
FY2021▲ +61%
Revenue by fiscal year
FY2020$293K
FY2021$471K
FY2022$448K
FY2023$393K
FY2024$455K
FY2024$494K
Expenses
$422K
FY2021▲ +2%
Expenses by fiscal year
FY2020$414K
FY2021$422K
FY2022$445K
FY2023$440K
FY2024$447K
FY2024$512K
Net assets
$440K
FY2021▲ +24%
Net assets by fiscal year
FY2020$355K
FY2021$440K
FY2022$401K
FY2023$370K
FY2024$378K
FY2024$360K
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Form 990 for the fiscal year ending August 2021 (IRS tax year 2020).

Status and standing

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Foundation funders?
4 funders, incl. Network for Good INC
$67K in the latest grant year.
Spent on programs?
73% to programs
Form 990 Part IX, latest filing.
Size and trend
$100K–1M
↑ +61% vs prior year
Legal name (IRS)Hdr · item CHallwalls INC
EINHdr · item D16-1104232
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFMay 1978
Year of formationHdr · item L1974
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CBuffalo, NY
NTEE classificationIRS BMFArts & Culture (A650)

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.73 Management & general $0.20 Fundraising $0.08
Program services73%$307K
Management & general20%$82K
Fundraising8%$32K
Total functional expensesLn 25$422K

Financial health

Program efficiency
73%
of spending reaches programs
Operating runway
9.5mo
months of highly liquid reserves at operating expense rate
Surplus margin
+10%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$596K
FY2021▲ +5%
Total assets by fiscal year
FY2020$567K
FY2021$596K
FY2022$552K
FY2023$452K
FY2024$461K
FY2024$512K
Total liabilities
$156K
FY2021▼ -26%
Total liabilities by fiscal year
FY2020$212K
FY2021$156K
FY2022$151K
FY2023$81K
FY2024$83K
FY2024$152K
Revenue less expensesPt I · Ln 19$49K
Total assetsPt X · Ln 16$596K
Program-expense ratioPt IX · col B73%
Voting members of governing bodyPt I · Ln 319
Independent voting membersPt I · Ln 419

Balance Sheet

Part X · end of year
CashLn 1$63K
Total assetsLn 16$596K
Total liabilitiesLn 26$156K
Total net assetsLn 32$440K
Months of cash on handcomputed1.8

Statement of Revenue

Part VIII
Contributions & grants$360K · 76%
Other revenue$80K · 17%
Program service revenue$15K · 3%
Investment income$16K · 3%
Contributions & grants76%$360K
Other revenue17%$80K
Program service revenue3%$15K
Investment income3%$16K
— government grantsLn 1e$192K
Total revenueLn 12$471K

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $335K · Operating expenses/yr $422K
9.5 months
Where the money goes
Program services
Program services $307K · Total expenses $422K
73%
Management & General
Management & general $82K · Total expenses $422K
20%
Fundraising
Fundraising $32K · Total expenses $422K
8%
Cost to raise $1
Fundraising expense (2-yr avg) $23K · Solicited contributions (2-yr avg) $162K
$0.14 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $360K · Total revenue $471K
76%
Government reliance
Government grants $192K · Total revenue $471K
41%
Earned-income share
Program service revenue $15K · Total revenue $471K
3%
Investment reliance
Investment income $16K · Total revenue $471K
+3%
Program self-sufficiency
Program service revenue $15K · Total expenses $422K
4%
Growth & trend
Revenue growth (YoY)
This year $471K · Prior year $293K
+61%
Net-asset trend (YoY)
End of year $440K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $471K · Expenses $422K
+10%
Liabilities-to-Assets
Total liabilities — · Total assets $596K
—
Net-asset ratio
Net assets $440K · Total assets $596K
74%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $271K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $596K
46%
People & payroll
Highest Reported Total Compensation
Individual Edmund J Cardoni · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $48K · Total expenses $422K
11%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $214K · Total expenses $422K
51%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 73%——
Overhead ratio 20%——
Fundraising cost ratio 9%——
Revenue growth 61%——

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.

Leadership and pay

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Executive Director
$47,568Pt VII · Sec A
Deputy Dir of Development
$11,863Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Parrish Gibbons’s $60K as Executive Dir. is at the 55th 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 · 3 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Parrish Gibbons$60,292—————
Edmund J Cardoni—$50,500$50,500$50,500$47,568$50,500
Polly Little-Lavatelli————$11,863$34,094

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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Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a19
Independent voting membersPt VI · Ln 1b19
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Mission and programs

Supports artists creating new, challenging, and diverse global art, making it accessible to the public.

Provided by the organization

This section is blank until Hallwalls INC claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $307K of program spending, described in the organization's own filed words · FY2020.
01

See schedule ohallwalls is a multidisciplinary contemporary arts center of national and international reputation serving audiences in buffalo erie county and other western new york counties.

$307Kprogram expense

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Funders

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 4 funders$67K
See all 4 funders →

Filing history

YearRevenueExpensesChangeFiling
FY2024 $455K$447K+16% 990 PDF
FY2023 $393K$440K-12% 990 PDF
FY2022 $448K$445K-5% 990 PDF
FY2021 Viewing $471K$422K+61% 990 PDF
FY2020 $293K$414K 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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