Wassaic Project INC

Tax-deductible

Wassaic, NY501(c)(3)Arts & CultureEIN 27-2691962

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A contemporary arts organization that uses art and arts education to foster positive social change, build local pride, and nurture partnerships between artists and our community.

501(c)(3) charity; gifts are tax-deductible.
71¢ of each $1 spent went to programs.
$220K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $307K a year · 24% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
71%
of spending
Fine: 71% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$220K
to officers and key staff · 17% of spending
Fine: pay to officers and key staff is 17% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 8.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $11K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$812K
30% of total assets
Looks good: liabilities are 30% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.5M
-0.5% vs prior year
Spent
$1.3M
To programs
71%
Net assets
$1.9M
By yearFY2020–FY2024
Revenue
$1.5M
FY2024▼ -0.5%
Revenue by fiscal year
FY2020$734K
FY2021$1.4M
FY2022$1.2M
FY2023$1.5M
FY2024$1.5M
Expenses
$1.3M
FY2024▲ +31%
Expenses by fiscal year
FY2020$761K
FY2021$679K
FY2022$1.1M
FY2023$1.0M
FY2024$1.3M
Net assets
$1.9M
FY2024▲ +28%
Net assets by fiscal year
FY2020$93K
FY2021$798K
FY2022$928K
FY2023$1.5M
FY2024$1.9M

From the FY2024 Form 990 (year ending March 2024) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2012.

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

Where the money goes

71 cents of each dollar spent went to programs.

Program services 71% · $936K Management & general 19% · $247K Fundraising 11% · $142K

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

20 people listed on the 990; $220K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$73,167Pt VII · Sec A
$73,167Pt VII · Sec A
Co-Director
$73,167Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Bowen Barnett-Zunino$73,167$66,000$62,010$58,275$54,000
Jeff Barnett-Winsby$73,167$66,000$62,010$58,275$54,000
Eve Biddle$73,167$66,000$62,010$58,275$54,000

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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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Uses art and education to create positive social change and build community pride.

Provided by the organization

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3 program services account for $801K of program spending, described in the organization's own filed words · FY2023.
01

Educationproduces and provides educational programs, including tours, lessons, lectures, and workshops to educate students and the general public about contemporary fine and performing arts.

$330Kprogram expense
02

Exhibitionsproduces, curates, and hosts year-round exhibitions of contemporary art. The organization's exhibitions are open weekends, by appointment, and are free of charge to the general public in a rural community underserved by the arts.

$267Kprogram expense
03

Public programmingproduces and hosts community programs and seasonal events of contemporary art and performance in the hamlet of wassaic. The programs and events are mostly free of charge and open to the general public in a rural community underserved by the arts.

$204Kprogram expense

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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 · FY2025
Total grants receivedfrom 1 funder$11K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.5M
Ln 12
Gifts and grantsLn 1h$1.2M
Fees for servicesLn 2g$330K
Investment incomeLn 3$7K
Money outPt IX
$1.3M
Ln 25
Programscol B$936K
Managementcol C$247K
Fundraisingcol D$142K
Owns and owesPt X
$1.9M
net assets · Ln 32
Cash and savingsLn 1–2$915K
Total assetsLn 16$2.7M
LiabilitiesLn 26$812K
PeoplePt VI, VII
20
listed · VII A
PaidVII A3
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.2M
Government grantsLn 1e$329K
Fundraising eventsLn 1c$151K
Fees for servicesLn 2g$330K
Investment incomeLn 3$7K
Other incomeLn 4–11$6K
Total revenueLn 12$1.5M
Assets in detailPt X, end of year
CashLn 1$910K
SavingsLn 2$5K
Cash and savings togetherLn 1–2$915K
Land, buildings, equipmentLn 10c$1.5M
Total assetsLn 16$2.7M
LiabilitiesLn 26$812K
Net assetsLn 32$1.9M
OperationsPt I, VI
EmployeesI 511
VolunteersI 60
Fiscal year endsHeaderMarch
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$834K$915K
Land, buildings, equipmentLn 10c$1.3M$1.5M
Total assetsLn 16$2.3M$2.7M
LiabilitiesLn 26$795K$812K
Net assetsLn 32$1.5M$1.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$247K$185K$32K$30K
Other salaries and wagesLn 7$288K$240K$8K$40K
Other employee benefitsLn 9$21K$17K$1K$3K
Payroll taxesLn 10$43K$34K$3K$6K
Accounting feesLn 11c$20K$20K
Other fees for servicesLn 11g$395K$251K$140K$5K
Advertising and promotionLn 12$6K$2K$5K
Office expensesLn 13$63K$41K$6K$17K
OccupancyLn 16$54K$32K$22K
TravelLn 17$30K$23K$4K$3K
InterestLn 20$16K$13K$1K$2K
Depreciation, depletion and amortizationLn 22$26K$21K$2K$3K
InsuranceLn 23$36K$29K$3K$5K
Other expenses (24a–d)Ln 24$78K$50K$249$28K
Total functional expensesLn 25$1.3M$936K$247K$142K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.5M$1.3M$206K$1.9M 990 PDF
FY2023 $1.5M$1.0M$524K$1.5M 990 PDF
FY2022 $1.2M$1.1M$130K$928K 990 PDF
FY2021 $1.4M$679K$705K$798K 990 PDF
FY2020 $734K$761K−$27K$93K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $1,530,234 across 9 lines filed
VIII-1c Fundraising events$150,757
VIII-1e Government grants$329,269
VIII-1f All other contributions, gifts and grants$707,459
VIII-1h Total contributions, gifts and grants$1,187,485
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $299,622 · Unrelated business $30,618$330,240
VIII-3 Investment incomeExcluded from tax $6,721$6,721
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $5,788$5,788
VIII-12 Total revenueRelated to mission $299,622 · Unrelated business $30,618 · Excluded from tax $12,509$1,530,234
Part IX · Statement of functional expenses $1,324,562 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $185,400 · Management $32,136 · Fundraising $29,664$247,200
IX-7 Other salaries and wagesPrograms $239,720 · Management $8,165 · Fundraising $40,449$288,334
IX-9 Other employee benefitsPrograms $16,659 · Management $1,133 · Fundraising $2,775$20,567
IX-10 Payroll taxesPrograms $34,220 · Management $3,209 · Fundraising $5,646$43,075
IX-11c Accounting feesManagement $19,900$19,900
IX-11g Other fees for servicesPrograms $251,064 · Management $139,659 · Fundraising $4,718$395,441
IX-12 Advertising and promotionPrograms $1,705 · Management $4,511$6,216
IX-13 Office expensesPrograms $40,884 · Management $5,558 · Fundraising $16,719$63,161
IX-16 OccupancyPrograms $31,596 · Management $22,446$54,042
IX-17 TravelPrograms $22,557 · Management $4,303 · Fundraising $3,481$30,341
IX-20 InterestPrograms $12,988 · Management $1,218 · Fundraising $2,143$16,349
IX-22 Depreciation, depletion and amortizationPrograms $20,700 · Management $1,942 · Fundraising $3,416$26,058
IX-23 InsurancePrograms $28,546 · Management $2,677 · Fundraising $4,711$35,934
IX-24 Other expenses (24a–d)Programs $49,625 · Management $249 · Fundraising $28,070$77,944
IX-25 Total functional expensesPrograms $935,664 · Management $247,106 · Fundraising $141,792$1,324,562
Part X · Balance sheet $2,686,533 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $834,451$910,448
X-2 Savings and temporary cash investments$5,030
X-3 Pledges and grants receivableStart of year $152,633$199,330
X-4 Accounts receivable$18,125
X-9 Prepaid expenses and deferred charges$7,353
X-10c Land, buildings and equipment, netStart of year $1,276,645$1,546,247
X-16 Total assetsStart of year $2,263,729$2,686,533
X-17 Accounts payable and accrued expensesStart of year $46,626$37,978
X-19 Deferred revenue$23,000
X-25 Other liabilitiesStart of year $3,665$6,445
X-26 Total liabilitiesStart of year $795,241$812,373
X-27 Net assets without donor restrictionsStart of year $1,116,998$1,236,881
X-28 Net assets with donor restrictionsStart of year $351,490$637,279
X-32 Total net assets or fund balancesStart of year $1,468,488$1,874,160
X-33 Total liabilities and net assetsStart of year $2,263,729$2,686,533
Part XI · Reconciliation of net assets $1,874,160 net assets at year end
XI-1 Total revenue$1,530,234
XI-2 Total expenses$1,324,562
XI-3 Revenue less expenses$205,672
XI-4 Net assets at start of year$1,468,488
XI-8 Prior period adjustments$200,000
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,874,160

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

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