Artsquest Foundation FY2022 filing

Tax-deductible

Bethlehem, PA501(c)(3)Arts & CultureEIN 20-0652958Revenue $79K in FY2022

On file with the IRSartsquest.org25 W 3rd St Ste 300, 18015-1238 · Bethlehem, PATax-exempt since Jun 2004Supporting organization — 509(a)(3)

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To collect and manage donations and to support Artsquest and their programs.

501(c)(3) charity; gifts are tax-deductible.
30¢ of each $1 spent went to programs.
$101K 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

FY2022 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $788K a year · 133% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
30%
of spending
Concern: 30% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$101K
to officers and key staff · 48% of spending
Concern: pay to officers and key staff is 48% of spending; over 30%.
Pt VII · Sec A
Cash reserves
17 mo
of spending, in cash
Looks good: 17.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $42K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$2.6M
21% of total assets
Looks good: liabilities are 21% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$79K
-76% vs prior year
Spent
$211K
To programs
30%
Net assets
$9.6M
By yearFY2020–FY2024
Revenue
$79K
FY2022▼ -76%
Tap a bar for its year
Revenue by fiscal year
FY2020$730K
FY2021$329K
FY2022$79K
FY2023$292K
FY2024$1.5M
Expenses
$211K
FY2022▼ -41%
Tap a bar for its year
Expenses by fiscal year
FY2020$166K
FY2021$356K
FY2022$211K
FY2023$5.8M
FY2024$330K
Net assets
$9.6M
FY2022▼ -9%
Tap a bar for its year
Net assets by fiscal year
FY2020$10.7M
FY2021$10.5M
FY2022$9.6M
FY2023$4.4M
FY2024$6.1M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2004.

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

Where the money goes

30 cents of each dollar spent went to programs.

Program services 30% · $62K Management & general 12% · $26K Fundraising 58% · $122K

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

10 people listed on the 990; $101K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$100,860Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Selena L Lavonier’s $110K as Executive Director is at the 40th percentile of top reported officer pay among 3924 $1–10M 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 · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Selena L Lavonier$109,619$121,880$100,860$107,345$27,352
Jane George————$44,048

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 Artsquest Foundation 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

Collects and manages donations to support arts programs.

Questions for Artsquest Foundation

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Provided by the organization

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1 program · $62K · in their own filed words · FY2022
01

To develop a planned giving program to support artsquest; encourage long-term financial support for artsquest; manage and invest the funds contributed to the foundation; make donations to artsquest to support its programs.

$62Kprogram 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
Total grants receivedfrom 3 funders$42K
See all 3 funders →
Grants paid · 2 grants · $11.3M · 2023–2023
ArtsquestPA · FY2023$5,634,704
ArtsquestPA · FY2023$5,634,704

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$79K
Ln 12
Gifts and grantsLn 1h$141K
Investment incomeLn 3$106K
Money outPt IX
$211K
Ln 25
Programscol B$62K
Managementcol C$26K
Fundraisingcol D$122K
Owns and owesPt X
$9.6M
net assets · Ln 32
Cash and savingsLn 1–2$300K
Total assetsLn 16$12.2M
LiabilitiesLn 26$2.6M
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$141K
Noncash giftsLn 1g$2K
Fundraising eventsLn 1c$17K
Investment incomeLn 3$106K
Gains on assetsLn 7−$126K
Total revenueLn 12$79K
Assets in detailPt X, end of year
CashLn 1$300K
Cash and savings togetherLn 1–2$300K
InvestmentsLn 11–13$3.7M
Other assetsLn 15$8.2M
Total assetsLn 16$12.2M
LiabilitiesLn 26$2.6M
Net assetsLn 32$9.6M
OperationsPt I, VI
EmployeesI 51
VolunteersI 60
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 FY22End FY22
Cash and savingsLn 1–2$285K$300K
InvestmentsLn 11–13$4.3M$3.7M
Total assetsLn 16$13.3M$12.2M
LiabilitiesLn 26$2.7M$2.6M
Net assetsLn 32$10.5M$9.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$113K$113K
Payroll taxesLn 10$8K$8K
Accounting feesLn 11c$400$400
Investment management feesLn 11f$23K$23K
Office expensesLn 13$679$679
Payments to affiliatesLn 21$62K$62K
Other expenses (24a–d)Ln 24$3K$1K$2K
Total functional expensesLn 25$211K$62K$26K$122K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.5M$330K$1.2M$6.1M 990 PDF
FY2023 $292K$5.8M−$5.5M$4.4M 990 PDF
FY2022 Viewing $79K$211K−$132K$9.6M 990 PDF
FY2021 $329K$356K−$28K$10.5M 990 PDF
FY2020 $730K$166K$564K$10.7M 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 FY2022 990 (6 parts)
Part I · Summary $79,021 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $136,866$140,906
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $204,900−$19,970
I-11 Other revenuePrior year −$13,195−$41,915
I-12 Total revenuePrior year $328,571$79,021
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 $156,051$120,423
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $200,442$90,108
I-18 Total expensesPrior year $356,493$210,531
I-19 Revenue less expensesPrior year −$27,922−$131,510
Part VI · Governance 8 of 8 board members independent, 3 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $79,021 across 9 lines filed
VIII-1c Fundraising events$17,006
VIII-1f All other contributions, gifts and grants$123,900
VIII-1g Noncash contributions (included above)$2,083
VIII-1h Total contributions, gifts and grants$140,906
VIII-3 Investment incomeExcluded from tax $105,740$105,740
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$125,710−$125,710
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax −$41,915−$41,915
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax −$61,885$79,021
Part IX · Statement of functional expenses $210,531 across 7 lines filed
IX-5 Pay of current officers, directors and key staffFundraising $112,708$112,708
IX-10 Payroll taxesFundraising $7,715$7,715
IX-11c Accounting feesManagement $400$400
IX-11f Investment management feesManagement $23,499$23,499
IX-13 Office expensesManagement $679$679
IX-21 Payments to affiliatesPrograms $62,333$62,333
IX-24 Other expenses (24a–d)Management $1,175 · Fundraising $2,022$3,197
IX-25 Total functional expensesPrograms $62,333 · Management $25,753 · Fundraising $122,445$210,531
Part X · Balance sheet $12,167,473 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $285,199$299,712
X-3 Pledges and grants receivableStart of year $60,000$35,000
X-4 Accounts receivableStart of year $8,500$0
X-11 Publicly traded securitiesStart of year $4,445,162$3,820,252
X-12 Other securitiesStart of year −$124,665−$166,580
X-15 Other assetsStart of year $8,587,862$8,179,089
X-16 Total assetsStart of year $13,262,058$12,167,473
X-17 Accounts payable and accrued expensesStart of year $22,110$8,097
X-25 Other liabilitiesStart of year $2,724,139$2,592,594
X-26 Total liabilitiesStart of year $2,746,249$2,600,691
X-27 Net assets without donor restrictionsStart of year $8,981,943$8,307,569
X-28 Net assets with donor restrictionsStart of year $1,533,866$1,259,213
X-32 Total net assets or fund balancesStart of year $10,515,809$9,566,782
X-33 Total liabilities and net assetsStart of year $13,262,058$12,167,473
Part XI · Reconciliation of net assets $9,566,782 net assets at year end
XI-1 Total revenue$79,021
XI-2 Total expenses$210,531
XI-3 Revenue less expenses−$131,510
XI-4 Net assets at start of year$10,515,809
XI-5 Net unrealized gains (losses) on investments−$554,061
XI-9 Other changes in net assets−$263,456
XI-10 Net assets at end of year$9,566,782

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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