Queer-Art EIN 37-1705600 Form 990 (PDF) Claim this org

Queer-Art FY2020 filing

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Supports LGBTQ artists and art across generations and disciplines to build a vibrant community. For fiscal year 2020 it reported $549K in revenue, $497K in expenses, and $251K in net assets.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
New York, NY
Website
www.queer-art.org
Filings
5 on file (2020–2020)
Revenue
$549KFY2020
Expenses
$497K
Net assets
$251K
People
5
Filings
5
Updates
0
More identity details & actions ⌄
EIN  37-1705600 Public charity (501(c)(3)) New York, NY
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Size
$1–10M
What they do
Supports LGBTQ artists and art across generations and disciplines to build a vibrant community.
Leadership
Ira Sachs · Treasurer/Founding Directo
Money in and out
$549K revenue, $497K expenses
Bottom line
58% program efficiency
Where the money goes · FY2020
Total revenue
$549K
Pt VIII · Ln 12
Total expenses
$497K
Pt IX · Ln 25
Net assets
$251K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $52K
Where spending went · Part IX cols B–D
Program services $0.58 Management & general $0.33 Fundraising $0.08
Program efficiency
58%
of spending reaches programs
Operating runway
6.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
+10%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$549K
FY2020
Expenses
$497K
FY2020
Total assets
$300K
FY2020
Total liabilities
$49K
FY2020
Total revenue
$549K
Pt VIII · Ln 12
Total expenses
$497K
Pt IX · Ln 25
Net assets
$251K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$52K
Total assetsPt X · Ln 16$300K
Program-expense ratioPt IX · col B58%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 4pending

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CQueer-Art
EINHdr · item D37-1705600
Principal addressHdr · item CNew York, NY
WebsiteHdr · item Jwww.queer-art.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A25)
Ruling yearIRS BMFOct 2014

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1bpending
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
Treasurer/Founding Directo
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

L Marmon’s $71K as Co-Executive Director is at the 12th percentile of top reported officer pay among 3916 $1–10M 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.

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Mission & Programs · Part III

Where the work happens

3 program services account for $288K of program spending, described in the organization's own filed words · FY2020.
01

Queer art awards is an initiative of grants, prizes, and residencies that includes a spectrum of support-monetary and otherwise-for LGBTQ artists. It includes the annual queer art prize awards and a growing number of individual grants, such as the barbara hammer lesbian experimental filmmaking grant.

$144Kprogram expense
02

Queer art presents focuses on audience development for LGBTQ artists through public presentations organized in partnership with co-presenting venues. Included within this initiative is the long-running monthly screening series queer art film at the ifc center in greenwich village, in which a diverse and influential line-up of LGBTQ…

$72Kprogram expense
03

Queer art mentorship is an intergenerational mentorship program that supports a year-long exchange between emerging and established artists working in film, literature, performance, visual art, and curatorial practice. The program supports, on average, 10 new MENTOR/FELLOW pairs each year and culminates in an annual exhibition.

$72Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$543K · 99%
Program service revenue$6K · 1%
Contributions & grants99%$543K
Program service revenue1%$6K
— government grantsLn 1e$88K
Total revenueLn 12$549K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.58 Management & general $0.33 Fundraising $0.08
Program services58%$288K
Management & general33%$166K
Fundraising8%$42K
Total functional expensesLn 25$497K

Balance Sheet

Part X · end of year
CashLn 1$280K
Total assetsLn 16$300K
Total liabilitiesLn 26$49K
Total net assetsLn 32$251K
Months of cash on handcomputed6.8

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $280K · Operating expenses/yr $497K
6.8 months
Where the money goes
Program services
Program services $288K · Total expenses $497K
58%
Management & General
Management & general $166K · Total expenses $497K
33%
Fundraising
Fundraising $42K · Total expenses $497K
8%
Cost to raise $1
Fundraising expense $42K · Solicited contributions $456K
$0.09 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $543K · Total revenue $549K
99%
Government reliance
Government grants $88K · Total revenue $549K
16%
Earned-income share
Program service revenue $6K · Total revenue $549K
1%
Investment reliance
Investment income $0 · Total revenue $549K
0%
Program self-sufficiency
Program service revenue $6K · Total expenses $497K
1%
Growth & trend
Revenue growth (YoY)
This year $549K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $251K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $549K · Expenses $497K
+10%
Liabilities-to-Assets
Total liabilities — · Total assets $300K
Net-asset ratio
Net assets $251K · Total assets $300K
84%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $300K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Ira Sachs · Reported title TREASURER/FOUNDING DIRECTO · Highest reported compensation $0 · Total expenses $497K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $225K · Total expenses $497K
45%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 58%
Overhead ratio 33%
Fundraising cost ratio 8%
Accounting fee ratio 2%

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 · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$2K
Grants paid · 11 grants · $974K · 2020–2024
Unitemized GrantFY2024$31,345
Unitemized GrantFY2023$382,655
Unitemized GrantFY2023$38,250
Unitemized GrantFY2023$24,970
Unitemized GrantFY2022$179,319
Unitemized GrantFY2022$84,000
Unitemized GrantFY2022$18,353
Unitemized GrantFY2021$65,750
Unitemized GrantFY2021$42,821
Unitemized GrantFY2021$23,820
Unitemized GrantFY2020$83,000

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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
FY2024 (Latest)$1.2M revenue · ⤓ 990 PDF
FY2023$918K revenue · ⤓ 990 PDF
FY2022$685K revenue · ⤓ 990 PDF
FY2021$671K revenue · ⤓ 990 PDF
FY2020$549K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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