US Biennial INC

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Prospect New Orleans is a citywide contemporary art triennial. Every three years, we bring new art to an old city by inviting artists from all over the world to create projects in a wide variety of venues spread throughout New Orleans. Each iteration of Prospect is organized by a leading voice in the curatorial field. For residents and visitors alike, Prospect is an invitation to experience the city through the eyes of artists.

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $109K a year · 6% of revenue · last 5 filings
A surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
81%
of spending
81% of spending went to programs.
Pt IX · Ln 25 · col B
0.5 mo
of spending, in cash
0.5 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
12
named funders · $2.4M
12 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$327K
66% of total assets
Liabilities are 66% of assets.
Pt X · Ln 26
Independent board members
19
of 19 voting members
19 of 19 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$3.3M
+314% vs prior year
Spent
$4.0M
To programs
81%
Net assets
$171K
By yearFY2020–FY2024
Revenue
$3.3M
FY2024▲ +314%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.0M
FY2021$2.3M
FY2022$876K
FY2023$798K
FY2024$3.3M
Expenses
$4.0M
FY2024▲ +241%
Tap a bar for its year
Expenses by fiscal year
FY2020$684K
FY2021$2.6M
FY2022$1.4M
FY2023$1.2M
FY2024$4.0M
Net assets
$171K
FY2024▼ -81%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.1M
FY2021$1.8M
FY2022$1.3M
FY2023$886K
FY2024$171K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2007.

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

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $3.2M Management & general 18% · $724K Fundraising 1% · $45K

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

19 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See US Biennial INC executive salaries →

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 15aYes

Programs and updates

Brings global contemporary art to New Orleans every three years through artist projects.

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1 program · $3.2M · in their own filed words · FY2024
01

Prospect.6

The Future is Present, The Harbinger is Home is the sixth edition of Prospect New Orleans, continuing its legacy as the longest-running, citywide contemporary art triennial, Prospect.6 features the work of 51 artists spanning approximately 20 venues and unconventional spaces.

$3.2Mprogram 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 · FY2024
See all 12 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$3.3M
Ln 12
Gifts and grantsLn 1h$3.2M
Fees for servicesLn 2g$106K
Investment incomeLn 3$46K
Money outPt IX
$4.0M
Ln 25
Programscol B$3.2M
Managementcol C$724K
Fundraisingcol D$45K
Owns and owesPt X
$171K
net assets · Ln 32
Cash and savingsLn 1–2$160K
Total assetsLn 16$499K
LiabilitiesLn 26$327K
PeoplePt VI, VII
19
listed · VII A
PaidVII A0
Voting boardVI 1a19
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.2M
Government grantsLn 1e$132K
Fees for servicesLn 2g$106K
Investment incomeLn 3$46K
Gains on assetsLn 7$0
Total revenueLn 12$3.3M
Assets in detailPt X, end of year
CashLn 1$160K
Cash and savings togetherLn 1–2$160K
Accounts receivableLn 4$45K
Inventories for sale or useLn 8$225K
Land, buildings, equipmentLn 10c$16K
InvestmentsLn 11–13$51K
Other assetsLn 15$1K
Total assetsLn 16$499K
LiabilitiesLn 26$327K
Net assetsLn 32$171K
OperationsPt I, VI
EmployeesI 57
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$102K$160K
InvestmentsLn 11–13$545K$51K
Land, buildings, equipmentLn 10c$14K$16K
Total assetsLn 16$910K$499K
LiabilitiesLn 26$24K$327K
Net assetsLn 32$886K$171K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of officers and key staff (Part IX, line 5)Ln 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$634K$187K$447K
Pension plan contributionsLn 8$24K$24K
Other employee benefitsLn 9$53K$13K$40K
Payroll taxesLn 10$49K$14K$36K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$282K$178K$104K
Advertising and promotionLn 12$159K$159K
Office expensesLn 13$1K$1K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$53K$25K$25K$3K
TravelLn 17$267K$204K$20K$42K
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$11K$11K
Other expenses (24a–d)Ln 24$2.5M$2.5M$6K
All other expensesLn 24e$10K$10K
Total functional expensesLn 25$4.0M$3.2M$724K$45K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Nov 13, 2025 $3.3M$4.0M−$702K$171K 990 PDF
FY2023Filed with the IRS May 8, 2025 $798K$1.2M−$374K$886K 990 PDF
FY2022Filed with the IRS Nov 15, 2023 $876K$1.4M−$501K$1.3M 990 PDF
FY2021Filed with the IRS Nov 15, 2022 $2.3M$2.6M−$286K$1.8M 990 PDF
FY2020Filed with the IRS Feb 11, 2022 $2.0M$684K$1.3M$2.1M 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2024 990
Part I · Summary $3,301,087 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $740,171$3,234,531
I-9 Program service revenuePrior year $0$106,211
I-10 Investment incomePrior year $36,699$46,043
I-11 Other revenuePrior year $21,321−$85,698
I-12 Total revenuePrior year $798,191$3,301,087
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 $447,703$761,342
I-16a Professional fundraising feesPrior year $33,067$0
I-17 Other expensesPrior year $691,845$3,241,732
I-18 Total expensesPrior year $1,172,615$4,003,074
I-19 Revenue less expensesPrior year −$374,424−$701,987
Part VI · Governance 19 of 19 board members independent, no flags
VI-1a Voting members of the governing body19
VI-1b Independent voting members19
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $3,301,087 across 11 lines filed
VIII-1b Membership dues$9,125
VIII-1e Government grants$132,000
VIII-1f All other contributions, gifts and grants$3,093,406
VIII-1h Total contributions, gifts and grants$3,234,531
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $106,211$106,211
VIII-3 Investment incomeExcluded from tax $46,043$46,043
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−$85,698
VIII-12 Total revenueRelated to mission $106,211 · Excluded from tax $46,043$3,301,087
Part IX · Statement of functional expenses $4,003,074 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of officers and key staff (Part IX, line 5)$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $187,308 · Management $446,790$634,098
IX-8 Pension plan contributionsManagement $24,432$24,432
IX-9 Other employee benefitsPrograms $13,338 · Management $40,012$53,350
IX-10 Payroll taxesPrograms $13,849 · Management $35,613$49,462
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $177,858 · Management $103,804$281,662
IX-12 Advertising and promotionPrograms $159,480$159,480
IX-13 Office expensesManagement $1,404$1,404
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $25,100 · Management $25,099 · Fundraising $2,528$52,727
IX-17 TravelPrograms $204,083 · Management $20,169 · Fundraising $42,287$266,539
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 InsuranceManagement $10,557$10,557
IX-24 Other expenses (24a–d)Programs $2,453,356 · Management $6,318$2,459,674
IX-24e All other expensesManagement $9,689$9,689
IX-25 Total functional expensesPrograms $3,234,372 · Management $723,887 · Fundraising $44,815$4,003,074
Part X · Balance sheet $498,528 assets, 30 lines filed
X-1 Cash, non-interest-bearingStart of year $101,856$160,461
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $23,089$45,270
X-5 Loans to officers and key peopleStart of year $0$0
X-6 Loans to other insidersStart of year $0$0
X-7 Notes and loans receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $225,000$225,000
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $13,937$16,075
X-11 Publicly traded securitiesStart of year $544,879$50,684
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $1,038$1,038
X-16 Total assetsStart of year $909,799$498,528
X-17 Accounts payable and accrued expensesStart of year $23,739$327,306
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-21 Escrow or custodial accountsStart of year $0$0
X-22 Loans from officers and insidersStart of year $0$0
X-23 Secured mortgages and notes payableStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $23,739$327,306
X-27 Net assets without donor restrictionsStart of year $365,616$171,222
X-28 Net assets with donor restrictionsStart of year $520,444$0
X-32 Total net assets or fund balancesStart of year $886,060$171,222
X-33 Total liabilities and net assetsStart of year $909,799$498,528
Part XI · Reconciliation of net assets $171,222 net assets at year end
XI-1 Total revenue$3,301,087
XI-2 Total expenses$4,003,074
XI-3 Revenue less expenses−$701,987
XI-4 Net assets at start of year$886,060
XI-8 Prior period adjustments−$12,851
XI-10 Net assets at end of year$171,222

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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