Arts Asylum FY2020 filing

Tax-deductible

Kansas City, MO501(c)(3)Arts & CultureEIN 27-3791414

The arts asylum was created to provide space and assistance to artists of all varieties. This is accomplished through the offering of gallery space to both create and share at affordable rates, studios for artists, the james and marjorie theater for live performances and events, and ongoing programming, and assistance from our team.

501(c)(3) charity; gifts are tax-deductible.
67¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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
2 of 5
filings with a surplus
Average deficit $13K a year · 5% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
67%
of spending
Fine: 67% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 4.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $24K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$148K
66% of total assets
Worth a look: liabilities are 66% of assets; over 65%.
Pt X · Ln 26
Independent board members
8
of 10 voting members
Looks good: 8 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$164K
Spent
$247K
To programs
67%
Net assets
$76K
By yearFY2020–FY2024
Revenue
$164K
FY2020
Revenue by fiscal year
FY2020$164K
FY2021$268K
FY2022$164K
FY2023$293K
FY2024$292K
Expenses
$247K
FY2020
Expenses by fiscal year
FY2020$247K
FY2021$306K
FY2022$179K
FY2023$247K
FY2024$266K
Net assets
$76K
FY2020
Net assets by fiscal year
FY2020$76K
FY2021$39K
FY2022$24K
FY2023$70K
FY2024$96K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 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 Apr 2013.

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

Where the money goes

67 cents of each dollar spent went to programs.

Program services 67% · $166K Management & general 33% · $81K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Executive Di
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Education Di
$0Pt VII · Sec A
See Arts Asylum executive salaries →

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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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers affordable gallery, studio, and theater space, plus programming and team assistance, for artists.

Provided by the organization

This section is blank until Arts Asylum claims this page.

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3 program services account for $152K of program spending, described in the organization's own filed words · FY2020.
01

Studio Program

Providing affordable artist studio space for greater kansas city with building amenities such as access to open areas, meeting space, conference room, media equipment and free secure parking.

$133Kprogram expense
02

Crossroads High School (chs)

Providing local charter school with visual and performing arts classes during their school day on a bi-weekly basis with working professional actors, directors, and visual artists.

$15Kprogram expense
03

Outreach Programs

Include providing work from our studio artists to the public galleries in two branches of the johnson county public library; at the art asylum annex at premier financial services in the crossroads, and the community room at pendleton artsblock; coordinating arts programming at pendleton artsblock; hosting weekly podcasts on kojh 104.7…

$5Kprogram 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 · FY2024
Total grants receivedfrom 2 funders$24K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$164K
Ln 12
Fees for servicesLn 2g$133K
Gifts and grantsLn 1h$31K
Money outPt IX
$247K
Ln 25
Programscol B$166K
Managementcol C$81K
Owns and owesPt X
$76K
net assets · Ln 32
Cash and savingsLn 1–2$88K
Total assetsLn 16$225K
LiabilitiesLn 26$148K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$31K
Government grantsLn 1e$31K
Fees for servicesLn 2g$133K
Total revenueLn 12$164K
Assets in detailPt X, end of year
CashLn 1$88K
Cash and savings togetherLn 1–2$88K
Land, buildings, equipmentLn 10c$136K
Total assetsLn 16$225K
LiabilitiesLn 26$148K
Net assetsLn 32$76K
OperationsPt I, VI
EmployeesI 50
VolunteersI 618
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$22K$88K
Land, buildings, equipmentLn 10c$147K$136K
Total assetsLn 16$169K$225K
LiabilitiesLn 26$9K$148K
Net assetsLn 32$160K$76K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Advertising and promotionLn 12$2K$392$2K
Office expensesLn 13$16K$12K$3K
OccupancyLn 16$191K$153K$38K
Conferences, conventions and meetingsLn 19$27K$27K
Depreciation, depletion and amortizationLn 22$11K$11K
Total functional expensesLn 25$247K$166K$81K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $292K$266K$26K$96K 990 PDF
FY2023 $293K$247K$46K$70K 990 PDF
FY2022 $164K$179K−$15K$24K 990 PDF
FY2021 $268K$306K−$38K$39K 990 PDF
FY2020 Viewing $164K$247K−$83K$76K 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 FY2020 990 (4 parts)
Part VIII · Statement of revenue $163,573 across 4 lines filed
VIII-1e Government grants$30,678
VIII-1h Total contributions, gifts and grants$30,678
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $132,895$132,895
VIII-12 Total revenueRelated to mission $132,895$163,573
Part IX · Statement of functional expenses $246,909 across 5 lines filed
IX-12 Advertising and promotionPrograms $392 · Management $2,052$2,444
IX-13 Office expensesPrograms $12,406 · Management $3,101$15,507
IX-16 OccupancyPrograms $152,789 · Management $38,197$190,986
IX-19 Conferences, conventions and meetingsManagement $26,935$26,935
IX-22 Depreciation, depletion and amortizationManagement $11,037$11,037
IX-25 Total functional expensesPrograms $165,587 · Management $81,322 · Fundraising $0$246,909
Part X · Balance sheet $224,702 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $21,589$88,452
X-10c Land, buildings and equipment, netStart of year $147,287$136,250
X-16 Total assetsStart of year $168,876$224,702
X-17 Accounts payable and accrued expensesStart of year $9,093$2,855
X-24 Unsecured notes and loans payable$145,400
X-26 Total liabilitiesStart of year $9,093$148,255
X-27 Net assets without donor restrictionsStart of year $159,783$76,447
X-32 Total net assets or fund balancesStart of year $159,783$76,447
X-33 Total liabilities and net assetsStart of year $168,876$224,702
Part XI · Reconciliation of net assets $76,447 net assets at year end
XI-1 Total revenue$163,573
XI-2 Total expenses$246,909
XI-3 Revenue less expenses−$83,336
XI-4 Net assets at start of year$159,783
XI-10 Net assets at end of year$76,447

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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