Art in the Loop Foundation FY2022 filing

Tax-deductible

Kansas City, MO501(c)(3)Arts & CultureEIN 20-2468361Revenue $67K in FY2022

On file with the IRSartintheloop.comC/O Sara Welch 1201 Walnut, 64106-0000 · Kansas City, MOTax-exempt since May 2005Publicly supported charity — 170(b)(1)(A)(vi)

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Commission public artwork

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

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 surplus $5K a year · 7% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
20 mo
of spending, in cash
Looks good: 20.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $10K
Fine: 2 funders name 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
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
$67K
+14% vs prior year
Spent
$62K
To programs
78%
Net assets
$129K
By yearFY2020–FY2024
Revenue
$67K
FY2022▲ +14%
Tap a bar for its year
Revenue by fiscal year
FY2020$65K
FY2021$58K
FY2022$67K
FY2023$72K
FY2024$131K
Expenses
$62K
FY2022▼ -4%
Tap a bar for its year
Expenses by fiscal year
FY2020$80K
FY2021$65K
FY2022$62K
FY2023$75K
FY2024$86K
Net assets
$129K
FY2022▲ +6%
Tap a bar for its year
Net assets by fiscal year
FY2020$127K
FY2021$121K
FY2022$129K
FY2023$123K
FY2024$164K

From the FY2022 Form 990 · 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 May 2005.

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

Where the money goes

78 cents of each dollar spent went to programs.

Program services 78% · $49K Management & general 22% · $13K

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

8 people listed on the 990.

Part VII, Section A · reportable compensation
President & Director
$0Pt VII · Sec A
Vice President & Dir.
$0Pt VII · Sec A
Secretary & Director
$0Pt VII · Sec A
Treasurer & Director
$0Pt VII · Sec A
Vice President & Dir.
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Art in the Loop 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

Art in the Loop Foundation is an arts and culture nonprofit based in Kansas City, MO.

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Provided by the organization

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1 program · $49K · in their own filed words · FY2022
01

Grants to artists to complete artwork for display in the downtown area of Kansas City, Missouri

$49Kprogram 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 2 funders$10K
Grants paid · 2 grants · $93K · 2020–2021
Unitemized GrantFY2021$46,630
Unitemized GrantFY2020$46,630

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$67K
Ln 12
Gifts and grantsLn 1h$67K
Investment incomeLn 3$42
Money outPt IX
$62K
Ln 25
Programscol B$49K
Managementcol C$13K
Owns and owesPt X
$129K
net assets · Ln 32
Cash and savingsLn 1–2$106K
Total assetsLn 16$129K
LiabilitiesLn 26$0
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$67K
Government grantsLn 1e$30K
Investment incomeLn 3$42
Total revenueLn 12$67K
Assets in detailPt X, end of year
SavingsLn 2$106K
Cash and savings togetherLn 1–2$106K
Total assetsLn 16$129K
LiabilitiesLn 26$0
Net assetsLn 32$129K
OperationsPt I, VI
EmployeesI 50
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$105K$106K
Total assetsLn 16$121K$129K
LiabilitiesLn 26$0$0
Net assetsLn 32$121K$129K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$13K$13K
Other salaries and wagesLn 7$0$0$0$0
Legal feesLn 11b$2K$2K$0$0
Accounting feesLn 11c$2K$2K$0$0
Office expensesLn 13$12K$0$12K$0
InsuranceLn 23$5K$4K$905$0
Other expenses (24a–d)Ln 24$28K$28K$569$0
Total functional expensesLn 25$62K$49K$13K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $131K$86K$45K$164K 990 PDF
FY2023 $72K$75K−$2K$123K 990 PDF
FY2022 Viewing $67K$62K$5K$129K 990 PDF
FY2021 $58K$65K−$6K$121K 990 PDF
FY2020 $65K$80K−$15K$127K 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 $66,662 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $58,204$66,620
I-9 Program service revenue$0
I-10 Investment incomePrior year $34$42
I-11 Other revenue$0
I-12 Total revenuePrior year $58,238$66,662
I-13 Grants and similar amounts paidPrior year $11,550$12,800
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $12,000$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $41,042$49,313
I-18 Total expensesPrior year $64,592$62,113
I-19 Revenue less expensesPrior year −$6,354$4,549
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 $66,662 across 5 lines filed
VIII-1e Government grants$30,427
VIII-1f All other contributions, gifts and grants$36,193
VIII-1h Total contributions, gifts and grants$66,620
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $42$42
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $42$66,662
Part IX · Statement of functional expenses $62,113 across 7 lines filed
IX-2 Grants to domestic individualsPrograms $12,800$12,800
IX-7 Other salaries and wagesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $1,821 · Management $0 · Fundraising $0$1,821
IX-11c Accounting feesPrograms $2,131 · Management $0 · Fundraising $0$2,131
IX-13 Office expensesPrograms $0 · Management $12,000 · Fundraising $0$12,000
IX-23 InsurancePrograms $4,123 · Management $905 · Fundraising $0$5,028
IX-24 Other expenses (24a–d)Programs $27,764 · Management $569 · Fundraising $0$28,333
IX-25 Total functional expensesPrograms $48,639 · Management $13,474 · Fundraising $0$62,113
Part X · Balance sheet $128,618 assets, 8 lines filed
X-2 Savings and temporary cash investmentsStart of year $105,317$106,321
X-4 Accounts receivableStart of year $11,831$18,100
X-9 Prepaid expenses and deferred chargesStart of year $3,830$4,197
X-16 Total assetsStart of year $120,978$128,618
X-17 Accounts payable and accrued expensesStart of year $0$0
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $120,978$128,618
X-33 Total liabilities and net assetsStart of year $120,978$128,618
Part XI · Reconciliation of net assets $128,618 net assets at year end
XI-1 Total revenue$66,662
XI-2 Total expenses$62,113
XI-3 Revenue less expenses$4,549
XI-4 Net assets at start of year$120,978
XI-10 Net assets at end of year$128,618

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

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