Artisans Asylum INC EIN 27-2604571 Form 990 (PDF) Claim this org

Artisans Asylum INC FY2022 filing

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Promotes and supports teaching, learning, and practicing fabrication. For fiscal year 2022 it reported $978K in revenue, $848K in expenses, and $136K in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Boston, MA
Website
www.artisansasylum.com
Filings
6 on file (2020–2022)
Revenue
$978KFY2022
Expenses
$848K
Net assets
$136K
People
34
Filings
6
Updates
0
More identity details & actions ⌄
EIN  27-2604571 Public charity (501(c)(3)) Boston, MA
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →
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Figures match the IRS filing checked 9/4/26 · see original: IRS
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Size
$1–10M
What they do
Promotes and supports teaching, learning, and practicing fabrication.
Leadership
Lars Hasselblad Torres · Former Executive Director/CEO · $84K
Money in and out
$978K revenue, $848K expenses
Bottom line
68% program efficiency
Where the money goes · FY2022
Total revenue
$978K
Pt VIII · Ln 12
Total expenses
$848K
Pt IX · Ln 25
Net assets
$136K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $130K
Where spending went · Part IX cols B–D
Program services $0.68 Management & general $0.32 Fundraising $0.04
Program efficiency
68%
of spending reaches programs
Operating runway
2.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
+13%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$978K
FY2022▼ -28%
Expenses
$848K
FY2022▼ -40%
Total assets
$1.5M
FY2022▲ +576%
Total liabilities
$1.4M
FY2022▲ +534%
Total revenue
$978K
Pt VIII · Ln 12
Total expenses
$848K
Pt IX · Ln 25
Net assets
$136K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$130K
Total assetsPt X · Ln 16$1.5M
Program-expense ratioPt IX · col B68%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CArtisans Asylum INC
EINHdr · item D27-2604571
Principal addressHdr · item CBoston, MA
WebsiteHdr · item Jwww.artisansasylum.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P20)
Ruling yearIRS BMFJun 2012

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
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 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Former Executive Director/CEO
$83,839Pt VII · Sec A
Former Executive Director/CEO
$83,839Pt VII · Sec A
Former Director
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Former Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Carol Ward’s $60K as Executive Di is at the 7th percentile of top reported officer pay among 3868 $1–10M human services 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 · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Lars Hasselblad Torres$83,839$101,960$84,960
Carol Ward$60,000
Elizabeth Masek$59,947
Lars Torres$17,365

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

2 program services account for $1.1M of program spending, described in the organization's own filed words · FY2021.
01

Artisan's asylum is a non-profit community workshop in boston, massachusetts. Our mission is to support and promote the teaching, learning and practice of FABRICATION.TO support that mission we offer the following:shared fabrication tools and equipment in electronics, robotics, woodworking, jewelry and metalsmithing, welding, precision…

$574Kprogram expense
02

Artisan's asylum is a non-profit community workshop in boston, massachusetts. Our mission is to support and promote the teaching, learning and practice of FABRICATION.TO support that mission we offer the following:shared fabrication tools and equipment in electronics, robotics, woodworking, jewelry and metalsmithing, welding, precision…

$564Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$609K · 62%
Program service revenue$361K · 37%
Other revenue$7K · 1%
Contributions & grants62%$609K
Program service revenue37%$361K
Other revenue1%$7K
Investment income$3
— government grantsLn 1e$325K
Total revenueLn 12$978K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.68 Management & general $0.32 Fundraising $0.04
Program services68%$574K
Management & general32%$267K
Fundraising4%$35K
Total functional expensesLn 25$848K

Balance Sheet

Part X · end of year
CashLn 1$185K
Total assetsLn 16$1.5M
Total liabilitiesLn 26$1.4M
Total net assetsLn 32$136K
Months of cash on handcomputed2.6

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $185K · Operating expenses/yr $848K
2.6 months
Where the money goes
Program services
Program services $574K · Total expenses $848K
68%
Management & General
Management & general $240K · Total expenses $848K
28%
Fundraising
Fundraising $34K · Total expenses $848K
4%
Cost to raise $1
Fundraising expense (3-yr avg) $39K · Solicited contributions (3-yr avg) $266K
$0.15 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $609K · Total revenue $978K
62%
Government reliance
Government grants $325K · Total revenue $978K
33%
Earned-income share
Program service revenue $361K · Total revenue $978K
37%
Investment reliance
Investment income $3 · Total revenue $978K
<0.01%
Program self-sufficiency
Program service revenue $361K · Total expenses $848K
43%
Growth & trend
Revenue growth (YoY)
This year $978K · Prior year $1.4M
-28%
Net-asset trend (YoY)
End of year $136K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $978K · Expenses $848K
+13%
Liabilities-to-Assets
Total liabilities — · Total assets $1.5M
Net-asset ratio
Net assets $136K · Total assets $1.5M
9%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.5M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Pamela Rosario Perez · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $848K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $266K · Total expenses $848K
31%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 68%
Overhead ratio 32%
Fundraising cost ratio 6%
Revenue growth -28%
Accounting fee ratio 5%

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 · funders on record
Grants received · FY2024
Greater HorizonsFY2024$100K
Total grants receivedfrom 5 funders$288K
See all 5 funders →

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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
FY2025 (Latest)$2.0M revenue · ⤓ 990 PDF
FY2024$2.0M revenue · ⤓ 990 PDF
FY2023$1.4M revenue · ⤓ 990 PDF
FY2022$978K revenue · viewing · ⤓ 990 PDF
FY2021$1.4M revenue · ⤓ 990 PDF
FY2020$1.6M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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