Sequential Artists Workshop EIN 27-3180354 Form 990 (PDF) Claim this org

Sequential Artists Workshop FY2024 filing

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Educates and supports visual storytellers in cartooning, comic art, and literacy. For fiscal year 2024 it reported $400K in revenue, $390K in expenses, and $199K in net assets.Pt I

Founded
2010
Type
Public charity (501(c)(3)) · Arts & Culture
Location
Gainesville, FL
Website
www.sequentialartistsworkshop.org
Filings
6 on file (2020–2024)
Revenue
$400KFY2024
Expenses
$390K
Net assets
$199K
People
8
Filings
6
Updates
0
More identity details & actions ⌄
EIN  27-3180354 Public charity (501(c)(3)) Gainesville, FL Founded 2010
Form 990 (PDF)
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Size
$100K–1M
What they do
Educates and supports visual storytellers in cartooning, comic art, and literacy.
Leadership
Tom Hart · Executive Director · $56K
Money in and out
$400K revenue, $390K expenses
Bottom line
82% program efficiency
Where the money goes · FY2024
Total revenue
$400K
Pt VIII · Ln 12
Total expenses
$390K
Pt IX · Ln 25
Net assets
$199K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $9K
Where spending went · Part IX cols B–D
Program services $0.82 Management & general $0.17 Fundraising $0.01
Program efficiency
82%
of spending reaches programs
Operating runway
6.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
+2%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$400K
FY2024▲ +1%
Expenses
$390K
FY2024▲ +17%
Total assets
$199K
FY2024▲ +3%
Total liabilities
$0
FY2024
Total revenue
$400K
Pt VIII · Ln 12
Total expenses
$390K
Pt IX · Ln 25
Net assets
$199K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$9K
Total assetsPt X · Ln 16$199K
Program-expense ratioPt IX · col B82%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSequential Artists Workshop
EINHdr · item D27-3180354
Principal addressHdr · item CGainesville, FL
Year of formationHdr · item L2010
State of legal domicileHdr · item MFL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A25)
Ruling yearIRS BMFNov 2013

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
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
Executive Director
$56,454Pt VII · Sec A
Director
$8,156Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Tom Hart’s $61K as Executive Director is at the 57th percentile of top reported officer pay among 2215 $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 · 2 named individuals · Part VII

NameFY2025FY2024FY2021FY2020
Tom Hart$61,436$56,454$40,600$33,000
Rob Clough$8,156

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

3 program services account for $317K of program spending, described in the organization's own filed words · FY2024.
01

Provided online assistance, courses, curriculum exploration in comics, graphic novels, visual storytelling and drawing.

$298Kprogram expense
02

Provide in-person instruction in comics, graphic novels, visual storytelling, writing and drawing, and drawing and art facilities including art space, tools and supplies and printing facilities.

$14Kprogram expense
03

Provide services and consulting to public agencies

$5Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$375K · 94%
Contributions & grants$23K · 6%
Investment income$2K · 1%
Program service revenue94%$375K
Contributions & grants6%$23K
Investment income1%$2K
Total revenueLn 12$400K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.82 Management & general $0.17 Fundraising $0.01
Program services82%$318K
Management & general17%$68K
Fundraising1%$4K
Total functional expensesLn 25$390K

Balance Sheet

Part X · end of year
CashLn 1$127K
Total assetsLn 16$199K
Total liabilitiesLn 26$0
Total net assetsLn 32$199K
Months of cash on handcomputed3.9

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $199K · Operating expenses/yr $390K
6.1 months
Where the money goes
Program services
Program services $318K · Total expenses $390K
82%
Management & General
Management & general $68K · Total expenses $390K
17%
Fundraising
Fundraising $4K · Total expenses $390K
1%
Cost to raise $1
Fundraising expense (3-yr avg) $4K · Solicited contributions (3-yr avg) $17K
$0.25 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $23K · Total revenue $400K
6%
Government reliance
Government grants $0 · Total revenue $400K
0%
Earned-income share
Program service revenue $375K · Total revenue $400K
94%
Investment reliance
Investment income $2K · Total revenue $400K
+0.6%
Program self-sufficiency
Program service revenue $375K · Total expenses $390K
96%
Growth & trend
Revenue growth (YoY)
This year $400K · Prior year $395K
+1%
Revenue CAGR
FY2020 $189K · FY2024 $400K
+21%
Net-asset trend (YoY)
End of year $199K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $400K · Expenses $390K
+2%
Liabilities-to-Assets
Total liabilities — · Total assets $199K
Net-asset ratio
Net assets $199K · Total assets $199K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $72K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $199K
36%
People & payroll
Highest Reported Total Compensation
Individual Tom Hart · Reported title Executive Director · Highest reported compensation $56K · Total expenses $390K
14%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $163K · Total expenses $390K
42%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 82%
Overhead ratio 17%
Fundraising cost ratio 20%
Revenue growth 1%
Investment management fee ratio 0.6%
Legal fee ratio 0%
Accounting fee ratio 3%
Fundraising fee ratio 0%

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 · FY2022
Total grants receivedfrom 1 funder$17

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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)$447K revenue · ⤓ 990 PDF
FY2024$400K revenue · viewing · ⤓ 990 PDF
FY2023$395K revenue · ⤓ 990 PDF
FY2022$282K revenue · ⤓ 990 PDF
FY2021$200K revenue · ⤓ 990 PDF
FY2020$189K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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