US Biennial INC FY2023 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.

501(c)(3) charity; gifts are tax-deductible.
49¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
49%
of spending
49% of spending went to programs.
Pt IX · Ln 25 · col B
1.0 mo
of spending, in cash
Plus $545K in investments, Pt X · Ln 11–13
1.0 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
$24K
3% of total assets
Liabilities are 3% 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
$798K
-9% vs prior year
Spent
$1.2M
To programs
49%
Net assets
$886K
By yearFY2020–FY2024
Revenue
$798K
FY2023▼ -9%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.0M
FY2021$2.3M
FY2022$876K
FY2023$798K
FY2024$3.3M
Expenses
$1.2M
FY2023▼ -15%
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
$886K
FY2023▼ -31%
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 FY2023 Form 990 · figures checked against the IRS filing · see the original

You’re viewing the FY2023 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

49 cents of each dollar spent went to programs.

Program services 49% · $573K Management & general 48% · $567K Fundraising 3% · $33K

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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2 programs · $573K · in their own filed words · FY2023
01

Artists of Public Memory

Artists of Public Memory is a new public art commission that invites Louisiana artists to share their visions of how monuments and collective memories can appear and function in our landscape, society, and public space.

$349Kprogram expense
02

Prospect.6

The Future is Present, The Harbinger is Home is the sixt 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.

$223Kprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$798K
Ln 12
Gifts and grantsLn 1h$740K
Investment incomeLn 3$37K
Other incomeLn 4–11$21K
Money outPt IX
$1.2M
Ln 25
Programscol B$573K
Managementcol C$567K
Fundraisingcol D$33K
Owns and owesPt X
$886K
net assets · Ln 32
Cash and savingsLn 1–2$102K
Total assetsLn 16$910K
LiabilitiesLn 26$24K
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$740K
Government grantsLn 1e$48K
Investment incomeLn 3$37K
Other incomeLn 4–11$21K
Total revenueLn 12$798K
Assets in detailPt X, end of year
CashLn 1$102K
Cash and savings togetherLn 1–2$102K
Pledges and grants receivableLn 3$23K
Inventories for sale or useLn 8$225K
Land, buildings, equipmentLn 10c$14K
InvestmentsLn 11–13$545K
Other assetsLn 15$1K
Total assetsLn 16$910K
LiabilitiesLn 26$24K
Net assetsLn 32$886K
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 FY23End FY23
Cash and savingsLn 1–2$216K$102K
InvestmentsLn 11–13$758K$545K
Land, buildings, equipmentLn 10c$7K$14K
Total assetsLn 16$1.3M$910K
LiabilitiesLn 26$46K$24K
Net assetsLn 32$1.3M$886K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$401K$50K$351K$0
Pension plan contributionsLn 8$17K$0$17K$0
Other employee benefitsLn 9$30K$7K$22K$0
Payroll taxesLn 10$31K$9K$22K$0
Other fees for servicesLn 11g$243K$202K$41K$0
Advertising and promotionLn 12$30K$30K$0$0
Office expensesLn 13$659$0$659$0
OccupancyLn 16$39K$19K$19K$1K
TravelLn 17$168K$61K$75K$32K
InsuranceLn 23$11K$0$11K$0
Other expenses (24a–d)Ln 24$199K$195K$4K$0
All other expensesLn 24e$3K$0$3K$0
Total functional expensesLn 25$1.2M$573K$567K$33K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 13, 2025 $3.3M$4.0M−$702K$171K 990 PDF
FY2023 ViewingFiled 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 FY2023 990
Part I · Summary $798,191 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $980,177$740,171
I-9 Program service revenuePrior year $25,000$0
I-10 Investment incomePrior year $8,998$36,699
I-11 Other revenuePrior year −$137,677$21,321
I-12 Total revenuePrior year $876,498$798,191
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $388,415$478,672
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $988,676$693,943
I-18 Total expensesPrior year $1,377,091$1,172,615
I-19 Revenue less expensesPrior year −$500,593−$374,424
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 $798,191 across 8 lines filed
Lines not itemized here account for $431 of total revenue; see the IRS return.
VIII-1b Membership dues$27,150
VIII-1e Government grants$48,424
VIII-1f All other contributions, gifts and grants$664,597
VIII-1h Total contributions, gifts and grants$740,171
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$0
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $36,699$36,699
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $20,890 · Unrelated business $0 · Excluded from tax $0$20,890
VIII-12 Total revenueRelated to mission $21,321 · Unrelated business $0 · Excluded from tax $36,699$798,191
Part IX · Statement of functional expenses $1,172,615 across 12 lines filed
IX-7 Other salaries and wagesPrograms $49,615 · Management $351,062 · Fundraising $0$400,677
IX-8 Pension plan contributionsPrograms $0 · Management $17,176 · Fundraising $0$17,176
IX-9 Other employee benefitsPrograms $7,462 · Management $22,388 · Fundraising $0$29,850
IX-10 Payroll taxesPrograms $8,671 · Management $22,298 · Fundraising $0$30,969
IX-11g Other fees for servicesPrograms $202,174 · Management $41,016 · Fundraising $0$243,190
IX-12 Advertising and promotionPrograms $30,151 · Management $0 · Fundraising $0$30,151
IX-13 Office expensesPrograms $0 · Management $659 · Fundraising $0$659
IX-16 OccupancyPrograms $18,801 · Management $18,712 · Fundraising $1,053$38,566
IX-17 TravelPrograms $60,967 · Management $75,031 · Fundraising $32,014$168,012
IX-23 InsurancePrograms $0 · Management $10,984 · Fundraising $0$10,984
IX-24 Other expenses (24a–d)Programs $194,762 · Management $4,129 · Fundraising $0$198,891
IX-24e All other expensesPrograms $0 · Management $3,490 · Fundraising $0$3,490
IX-25 Total functional expensesPrograms $572,603 · Management $566,945 · Fundraising $33,067$1,172,615
Part X · Balance sheet $909,799 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $215,923$101,856
X-3 Pledges and grants receivableStart of year $124,456$23,089
X-8 Inventories for sale or useStart of year $225,000$225,000
X-10c Land, buildings and equipment, netStart of year $6,614$13,937
X-11 Publicly traded securitiesStart of year $758,480$544,879
X-15 Other assetsStart of year $1,038$1,038
X-16 Total assetsStart of year $1,331,511$909,799
X-17 Accounts payable and accrued expensesStart of year $46,101$23,739
X-26 Total liabilitiesStart of year $46,101$23,739
X-27 Net assets without donor restrictionsStart of year $430,410$365,616
X-28 Net assets with donor restrictionsStart of year $855,000$520,444
X-32 Total net assets or fund balancesStart of year $1,285,410$886,060
X-33 Total liabilities and net assetsStart of year $1,331,511$909,799
Part XI · Reconciliation of net assets $886,060 net assets at year end
XI-1 Total revenue$798,191
XI-2 Total expenses$1,172,615
XI-3 Revenue less expenses−$374,424
XI-4 Net assets at start of year$1,285,410
XI-10 Net assets at end of year$886,060

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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