US Biennial INC FY2021 filing

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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.

Form 990 Part I, line 1, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 20-8374608) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
85¢ 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
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
85%
of spending
85% of spending went to programs.
Pt IX · Ln 25 · col B
4.3 mo
of spending, in cash
4.3 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
$149K
8% of total assets
Liabilities are 8% 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
$2.3M
+16% vs prior year
Spent
$2.6M
To programs
85%
Net assets
$1.8M
By yearFY2020–FY2024
Revenue
$2.3M
FY2021▲ +16%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.0M
FY2021$2.3M
FY2022$876K
FY2023$798K
FY2024$3.3M
Expenses
$2.6M
FY2021▲ +283%
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
$1.8M
FY2021▼ -16%
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 FY2021 Form 990 · figures checked against the IRS filing · see the original

You’re viewing the FY2021 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 Aug 2007.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $2.2M Management & general 11% · $276K Fundraising 5% · $119K

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 · $2.2M · in their own filed words · FY2021
01

Prospect.5

Yesterday we said tomorrow is the fifth edition of Prospect New Orleans, a citywide art exhibition. Inspired by New Orleans jazz musician Christian Scott aTunde Adjuahs 2010 album Yesterday You Said Tomorrow, the title of the exhibition centers the unspoken present, the place where past and future come together, and where other courses…

Form 990 Part III, line 4, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 20-8374608) · Dispute this line
$2.2Mprogram 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 FY2021 990, line by line.

1The main four
Money inPt VIII
$2.3M
Ln 12
Gifts and grantsLn 1h$2.3M
Other incomeLn 4–11$31K
Fees for servicesLn 2g$2K
Money outPt IX
$2.6M
Ln 25
Programscol B$2.2M
Managementcol C$276K
Fundraisingcol D$119K
Owns and owesPt X
$1.8M
net assets · Ln 32
Cash and savingsLn 1–2$933K
Total assetsLn 16$1.9M
LiabilitiesLn 26$149K
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$2.3M
Government grantsLn 1e$12K
Fees for servicesLn 2g$2K
Investment incomeLn 3−$518
Other incomeLn 4–11$31K
Total revenueLn 12$2.3M
Assets in detailPt X, end of year
CashLn 1$933K
Cash and savings togetherLn 1–2$933K
Pledges and grants receivableLn 3$245K
Inventories for sale or useLn 8$225K
Prepaid expenses and deferred chargesLn 9$4K
Land, buildings, equipmentLn 10c$7K
InvestmentsLn 11–13$499K
Other assetsLn 15$1K
Total assetsLn 16$1.9M
LiabilitiesLn 26$149K
Net assetsLn 32$1.8M
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 FY21End FY21
Cash and savingsLn 1–2$1.6M$933K
InvestmentsLn 11–13$499K
Land, buildings, equipmentLn 10c$5K$7K
Total assetsLn 16$2.1M$1.9M
LiabilitiesLn 26$2K$149K
Net assetsLn 32$2.1M$1.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$440K$210K$152K$78K
Other employee benefitsLn 9$39K$19K$14K$7K
Payroll taxesLn 10$33K$16K$11K$6K
Accounting feesLn 11c$16K$0$16K$0
Advertising and promotionLn 12$119K$118K$0$950
Office expensesLn 13$28K$0$28K$0
OccupancyLn 16$55K$35K$19K$0
TravelLn 17$130K$94K$21K$15K
Other expenses (24a–d)Ln 24$1.8M$1.7M$14K$13K
Total functional expensesLn 25$2.6M$2.2M$276K$119K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled 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
FY2021 ViewingFiled 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 FY2021 990
Part I · Summary $2,330,262 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,944,751$2,296,916
I-9 Program service revenuePrior year $58,275$2,454
I-10 Investment income−$518
I-11 Other revenuePrior year $1,575$31,410
I-12 Total revenuePrior year $2,004,601$2,330,262
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $252,658$512,645
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $431,027$2,104,030
I-18 Total expensesPrior year $683,685$2,616,675
I-19 Revenue less expensesPrior year $1,320,916−$286,413
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 $2,330,262 across 9 lines filed
Lines not itemized here account for −$141,078 of total revenue; see the IRS return.
VIII-1b Membership dues$2,750
VIII-1e Government grants$12,062
VIII-1f All other contributions, gifts and grants$2,282,104
VIII-1h Total contributions, gifts and grants$2,296,916
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$2,454
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax −$518−$518
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $128,648$128,648
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $43,840 · Unrelated business $0 · Excluded from tax $0$43,840
VIII-12 Total revenueRelated to mission −$94,784 · Unrelated business $0 · Excluded from tax $128,130$2,330,262
Part IX · Statement of functional expenses $2,616,675 across 9 lines filed
IX-7 Other salaries and wagesPrograms $210,331 · Management $152,200 · Fundraising $77,885$440,416
IX-9 Other employee benefitsPrograms $18,739 · Management $13,560 · Fundraising $6,939$39,238
IX-10 Payroll taxesPrograms $15,756 · Management $11,401 · Fundraising $5,834$32,991
IX-11c Accounting feesPrograms $0 · Management $16,500 · Fundraising $0$16,500
IX-12 Advertising and promotionPrograms $117,641 · Management $0 · Fundraising $950$118,591
IX-13 Office expensesPrograms $0 · Management $27,576 · Fundraising $0$27,576
IX-16 OccupancyPrograms $35,365 · Management $19,392 · Fundraising $0$54,757
IX-17 TravelPrograms $94,233 · Management $21,383 · Fundraising $14,735$130,351
IX-24 Other expenses (24a–d)Programs $1,729,183 · Management $14,072 · Fundraising $13,000$1,756,255
IX-25 Total functional expensesPrograms $2,221,248 · Management $276,084 · Fundraising $119,343$2,616,675
Part X · Balance sheet $1,914,538 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $1,566,114$933,237
X-3 Pledges and grants receivableStart of year $295,105$245,028
X-8 Inventories for sale or useStart of year $225,000$225,000
X-9 Prepaid expenses and deferred chargesStart of year $4,139$4,139
X-10c Land, buildings and equipment, netStart of year $4,679$6,614
X-11 Publicly traded securities$499,482
X-15 Other assets$1,038
X-16 Total assetsStart of year $2,096,506$1,914,538
X-17 Accounts payable and accrued expensesStart of year $1,570$149,237
X-26 Total liabilitiesStart of year $1,570$149,237
X-27 Net assets without donor restrictionsStart of year $1,852,674$1,365,301
X-28 Net assets with donor restrictionsStart of year $242,262$400,000
X-32 Total net assets or fund balancesStart of year $2,094,936$1,765,301
X-33 Total liabilities and net assetsStart of year $2,096,506$1,914,538
Part XI · Reconciliation of net assets $1,765,301 net assets at year end
XI-1 Total revenue$2,330,262
XI-2 Total expenses$2,616,675
XI-3 Revenue less expenses−$286,413
XI-4 Net assets at start of year$2,094,936
XI-10 Net assets at end of year$1,765,301

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

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