Big Medium EIN 26-1347501 Form 990 (PDF) Claim this org

Big Medium FY2023 filing

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Connects artists and audiences through citywide artistic experiences. For fiscal year 2023 it reported $574K in revenue, $614K in expenses, and $-820 in net assets.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
Austin, TX
Website
www.bigmedium.org
Filings
5 on file (2020–2023)
Revenue
$574KFY2023
Expenses
$614K
Net assets
$-820
People
14
Filings
5
Updates
0
More identity details & actions ⌄
EIN  26-1347501 Public charity (501(c)(3)) Austin, TX
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Connects artists and audiences through citywide artistic experiences.
Leadership
Shea Little · Executive Director · $77K
Money in and out
$574K revenue, $614K expenses
Bottom line
61% program efficiency
Where the money goes · FY2023
Total revenue
$574K
Pt VIII · Ln 12
Total expenses
$614K
Pt IX · Ln 25
Net assets
$-820
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$40K
Where spending went · Part IX cols B–D
Program services $0.61 Management & general $0.25 Fundraising $0.14
Program efficiency
61%
of spending reaches programs
Operating runway
0.5mo
months of highly liquid reserves at operating expense rate
Surplus margin
-7%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$574K
FY2023▼ -27%
Expenses
$614K
FY2023▼ -17%
Total assets
$93K
FY2023▼ -9%
Total liabilities
$93K
FY2023▲ +49%
Total revenue
$574K
Pt VIII · Ln 12
Total expenses
$614K
Pt IX · Ln 25
Net assets
$-820
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$40K
Total assetsPt X · Ln 16$93K
Program-expense ratioPt IX · col B61%
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 412

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBig Medium
EINHdr · item D26-1347501
Principal addressHdr · item CAustin, TX
WebsiteHdr · item Jwww.bigmedium.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A200)
Ruling yearIRS BMFJul 2008

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a13
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$76,792Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Shea Little’s $86K as Executive Director is at the 80th percentile of top reported officer pay among 2212 $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.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Shea Little$86,200$76,792$70,549$68,392$67,392

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

1 program service account for $373K of program spending, described in the organization's own filed words · FY2023.
01

Big medium produces the austin studio tour, the texas biennial, and presents innovative exhibitions throughout the year in the big medium gallery. Big medium also provides affordable studio space to artists, and partners with various organizations in texas to help foster the arts and facilitate an inclusive cultural dialogue between…

$373Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$394K · 69%
Program service revenue$178K · 31%
Contributions & grants69%$394K
Program service revenue31%$178K
Other revenue$2K
— government grantsLn 1e$98K
Total revenueLn 12$574K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.61 Management & general $0.25 Fundraising $0.14
Program services61%$373K
Management & general25%$155K
Fundraising14%$86K
Total functional expensesLn 25$614K

Balance Sheet

Part X · end of year
CashLn 1$26K
Total assetsLn 16$93K
Total liabilitiesLn 26$93K
Total net assetsLn 32$-820
Months of cash on handcomputed0.5

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $26K · Operating expenses/yr $614K
0.5 months
Where the money goes
Program services
Program services $373K · Total expenses $614K
61%
Management & General
Management & general $155K · Total expenses $614K
25%
Fundraising
Fundraising $86K · Total expenses $614K
14%
Cost to raise $1
Fundraising expense (3-yr avg) $115K · Solicited contributions (3-yr avg) $299K
$0.38 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $394K · Total revenue $574K
69%
Government reliance
Government grants $98K · Total revenue $574K
17%
Earned-income share
Program service revenue $178K · Total revenue $574K
31%
Investment reliance
Investment income $0 · Total revenue $574K
0%
Program self-sufficiency
Program service revenue $178K · Total expenses $614K
29%
Growth & trend
Revenue growth (YoY)
This year $574K · Prior year $785K
-27%
Net-asset trend (YoY)
End of year $-820 · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $574K · Expenses $614K
-7%
Liabilities-to-Assets
Total liabilities — · Total assets $93K
Net-asset ratio
Net assets $-820 · Total assets $93K
-0.9%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $93K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Shea Little · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $77K · Total expenses $614K
13%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $321K · Total expenses $614K
52%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 61%
Overhead ratio 25%
Fundraising cost ratio 22%
Revenue growth -27%
Legal fee ratio 0.3%
Accounting fee ratio 0.9%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 3 funders →
Grants paid · 7 grants · $237K · 2020–2024
Unitemized GrantFY2024$6,000
Unitemized GrantFY2022$9,490
Unitemized GrantFY2021$51,463
Unitemized GrantFY2020$140,210
Shiny ObjectFY2020$15,032
Northern-SouthernFY2020$7,529
Printaustin CollectiveTX · FY2020$7,241

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$273K revenue · ⤓ 990 PDF
FY2023$574K revenue · viewing · ⤓ 990 PDF
FY2022$785K revenue · ⤓ 990 PDF
FY2021$612K revenue · ⤓ 990 PDF
FY2020$761K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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