Bare Hands Gallery INC FY2021 filing

Tax-deductible

Birmingham, AL501(c)(3)Arts & CultureEIN 20-1162009Revenue $155K in FY2021

On file with the IRSbarehandsinc.orgPo Box 130335, 35213-0335 · Birmingham, ALTax-exempt since Jul 2022Publicly supported — 509(a)(2)

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Bare Hands, INC. Is a community supported, arts organization dedicated to cultivating creativity and innovation in metro birmingham and the surrounding region by creating opportunities and favorable environments in which artists and audiences play an active role in the creative process and cultural dialogues. Supporting alabama contemporary arts and culture

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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 4
filings with a surplus
Average surplus $18K a year · 6% 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
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
20 mo
of spending, in cash
Looks good: 19.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$155K
Spent
$127K
To programs
100%
Net assets
$208K
By yearFY2021–FY2024
Revenue
$155K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$155K
FY2022$230K
FY2023$339K
FY2024$412K
Expenses
$127K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$127K
FY2022$232K
FY2023$344K
FY2024$362K
Net assets
$208K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$208K
FY2022$191K
FY2023$192K
FY2024$241K

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Exemption reinstated (2021-05-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Jul 2022.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $127K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

13 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Volunteer Co
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Aimee Castro’s $53K as Executive Director is at the 47th 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.

See Bare Hands Gallery 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

Cultivates creativity and innovation through active artist and audience participation in arts and culture.

Provided by the organization

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1 program · $127K · in their own filed words · FY2021
01

Bare hands, inc. Is a community supported, arts organization dedicated to cultivating creativity and innovation in metro birmingham and the surrounding region by creating opportunities and favorable environments in which artists and audiences play an active role in the creative process and cultural dialogues.

$127Kprogram 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 · FY2023
Total grants receivedfrom 1 funder$5K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$155K
Ln 12
Gifts and grantsLn 1h$155K
Investment incomeLn 3$39
Money outPt IX
$127K
Ln 25
Programscol B$127K
Owns and owesPt X
$208K
net assets · Ln 32
Cash and savingsLn 1–2$208K
Total assetsLn 16$208K
LiabilitiesLn 26$0
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$155K
Investment incomeLn 3$39
Total revenueLn 12$155K
Assets in detailPt X, end of year
CashLn 1$102K
SavingsLn 2$106K
Cash and savings togetherLn 1–2$208K
Total assetsLn 16$208K
LiabilitiesLn 26$0
Net assetsLn 32$208K
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 FY21End FY21
Cash and savingsLn 1–2$180K$208K
Total assetsLn 16$180K$208K
LiabilitiesLn 26$0$0
Net assetsLn 32$180K$208K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$3K$3K
Advertising and promotionLn 12$117$117
Office expensesLn 13$7K$7K
InsuranceLn 23$250$250
Other expenses (24a–d)Ln 24$117K$117K
Total functional expensesLn 25$127K$127K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $412K$362K$49K$241K 990 PDF
FY2023 $339K$344K−$5K$192K 990 PDF
FY2022 $230K$232K−$2K$191K 990 PDF
FY2021 Viewing $155K$127K$28K$208K 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 FY2021 990 (6 parts)
Part I · Summary $155,338 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $69,575$155,299
I-9 Program service revenue$0
I-10 Investment incomePrior year $1,331$39
I-11 Other revenue$0
I-12 Total revenuePrior year $70,906$155,338
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $102,770$127,134
I-18 Total expensesPrior year $102,770$127,134
I-19 Revenue less expensesPrior year −$31,864$28,204
Part VI · Governance 13 of 13 board members independent, 4 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
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 $155,338 across 4 lines filed
VIII-1f All other contributions, gifts and grants$155,299
VIII-1h Total contributions, gifts and grants$155,299
VIII-3 Investment incomeRelated to mission $39$39
VIII-12 Total revenueRelated to mission $39$155,338
Part IX · Statement of functional expenses $127,134 across 5 lines filed
IX-11b Legal feesPrograms $2,555$2,555
IX-12 Advertising and promotionPrograms $117$117
IX-13 Office expensesPrograms $7,160$7,160
IX-23 InsurancePrograms $250$250
IX-24 Other expenses (24a–d)Programs $117,052$117,052
IX-25 Total functional expensesPrograms $127,134 · Management $0 · Fundraising $0$127,134
Part X · Balance sheet $208,207 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $34,172$102,338
X-2 Savings and temporary cash investmentsStart of year $145,831$105,869
X-16 Total assetsStart of year $180,003$208,207
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $180,003$208,207
X-33 Total liabilities and net assetsStart of year $180,003$208,207
Part XI · Reconciliation of net assets $208,207 net assets at year end
XI-1 Total revenue$155,338
XI-2 Total expenses$127,134
XI-3 Revenue less expenses$28,204
XI-4 Net assets at start of year$180,003
XI-10 Net assets at end of year$208,207

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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