Arts Asylum FY2022 filing

Tax-deductible

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

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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.
30¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
30%
of spending
Concern: 30% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 3.8 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
$525K
96% of total assets
Concern: liabilities are 96% of assets; over 80%.
Pt X · Ln 26
Independent board members
7
of 10 voting members
Looks good: 7 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
-39% vs prior year
Spent
$179K
To programs
30%
Net assets
$24K
By yearFY2020–FY2024
Revenue
$164K
FY2022▼ -39%
Revenue by fiscal year
FY2020$164K
FY2021$268K
FY2022$164K
FY2023$293K
FY2024$292K
Expenses
$179K
FY2022▼ -41%
Expenses by fiscal year
FY2020$247K
FY2021$306K
FY2022$179K
FY2023$247K
FY2024$266K
Net assets
$24K
FY2022▼ -38%
Net assets by fiscal year
FY2020$76K
FY2021$39K
FY2022$24K
FY2023$70K
FY2024$96K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 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

30 cents of each dollar spent went to programs.

Program services 30% · $53K Management & general 70% · $126K

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

10 people listed on the 990.

Part VII, Section A · reportable compensation
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Education Director
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$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

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3 programs · $53K · in their own filed words · FY2022
01

Theatre Program

Includes producing and co-producing an annual season of professional quality performances from local talent at accessible and affordable prices. In addition to our own productions, the arts asylum rents our fully-equipped theatre to local companies and organizations.

$32Kprogram expense
02

Education Program

Includes providing theatre arts education at crossroads preparatory academy as part of the school's regular curriculum and contracting with local professionals as faculty.

$15Kprogram expense
03

Outreach Programs

Includes providing visual art works to the public galleries at the antioch branch of the johnson county public library, at the arts asylum's annex gallery at premier financial services in the crossroads, at the community room at pendleton artsblock and quinlan place ousing developments; coordinating arts programming at pendleton…

$6Kprogram expense

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 FY2022 990, line by line.

1The main four
Money inPt VIII
$164K
Ln 12
Fees for servicesLn 2g$112K
Gifts and grantsLn 1h$57K
Money outPt IX
$179K
Ln 25
Programscol B$53K
Managementcol C$126K
Owns and owesPt X
$24K
net assets · Ln 32
Cash and savingsLn 1–2$57K
Total assetsLn 16$549K
LiabilitiesLn 26$525K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$57K
Government grantsLn 1e$3K
Fees for servicesLn 2g$112K
Total revenueLn 12$164K
Assets in detailPt X, end of year
CashLn 1$57K
Cash and savings togetherLn 1–2$57K
Land, buildings, equipmentLn 10c$493K
Total assetsLn 16$549K
LiabilitiesLn 26$525K
Net assetsLn 32$24K
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 FY22End FY22
Cash and savingsLn 1–2$536K$57K
Land, buildings, equipmentLn 10c$37K$493K
Total assetsLn 16$574K$549K
LiabilitiesLn 26$535K$525K
Net assetsLn 32$39K$24K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$6K$6K
Other fees for servicesLn 11g$134K$34K$100K
Advertising and promotionLn 12$2K$2K$425
Office expensesLn 13$3K$3K
OccupancyLn 16$1K$1K$279
Conferences, conventions and meetingsLn 19$171$171
InterestLn 20$15K$15K
Depreciation, depletion and amortizationLn 22$18K$16K$1K
Total functional expensesLn 25$179K$53K$126K$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 Viewing $164K$179K−$15K$24K 990 PDF
FY2021 $268K$306K−$38K$39K 990 PDF
FY2020 $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 FY2022 990 (4 parts)
Part VIII · Statement of revenue $164,434 across 5 lines filed
Lines not itemized here account for −$5,180 of total revenue; see the IRS return.
VIII-1e Government grants$3,320
VIII-1f All other contributions, gifts and grants$54,141
VIII-1h Total contributions, gifts and grants$57,461
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $112,153$112,153
VIII-12 Total revenueRelated to mission $106,973 · Unrelated business $0 · Excluded from tax $0$164,434
Part IX · Statement of functional expenses $179,128 across 8 lines filed
IX-11c Accounting feesManagement $6,350$6,350
IX-11g Other fees for servicesPrograms $33,882 · Management $100,153$134,035
IX-12 Advertising and promotionPrograms $1,700 · Management $425$2,125
IX-13 Office expensesManagement $2,836$2,836
IX-16 OccupancyPrograms $1,118 · Management $279$1,397
IX-19 Conferences, conventions and meetingsPrograms $171$171
IX-20 InterestManagement $14,533$14,533
IX-22 Depreciation, depletion and amortizationPrograms $16,267 · Management $1,414$17,681
IX-25 Total functional expensesPrograms $53,138 · Management $125,990 · Fundraising $0$179,128
Part X · Balance sheet $549,143 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $536,403$56,586
X-10c Land, buildings and equipment, netStart of year $37,277$492,557
X-16 Total assetsStart of year $573,680$549,143
X-17 Accounts payable and accrued expensesStart of year $34,785$24,942
X-26 Total liabilitiesStart of year $534,785$524,942
X-27 Net assets without donor restrictionsStart of year −$75,227$24,201
X-28 Net assets with donor restrictionsStart of year $114,122$0
X-32 Total net assets or fund balancesStart of year $38,895$24,201
X-33 Total liabilities and net assetsStart of year $573,680$549,143
Part XI · Reconciliation of net assets $24,201 net assets at year end
XI-1 Total revenue$164,434
XI-2 Total expenses$179,128
XI-3 Revenue less expenses−$14,694
XI-4 Net assets at start of year$38,895
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$24,201

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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