New Spire Arts INC

Frederick, MDUnknown exempt organization EIN 46-3479474Revenue −$14K in FY2023Latest return filed May 28, 2024

On file with the IRSnewspirearts.com15 W Patrick St · Frederick, MD

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New Spire Arts inspires creative engagement from all facets of the community by providing programming and education in, about, and through the performing Arts.

Run by 7 volunteers and 6 employees.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 4
filings with a surplus
Average deficit $52K a year · 24% of revenue · last 4 filings
Concern: a surplus in 0 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Named funders
1
named funder · $36
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
−$14K
-165% vs prior year
Spent
$8K
To programs
0%
Net assets
$0
By yearFY2020–FY2023
Revenue
−$14K
FY2023▼ -165%
Tap a bar for its year
Revenue by fiscal year
FY2020$367K
FY2021$240K
FY2022$232K
FY2023$22K
FY2023−$14K
Expenses
$8K
FY2023▼ -86%
Tap a bar for its year
Expenses by fiscal year
FY2020$387K
FY2021$310K
FY2022$317K
FY2023$55K
FY2023$8K
Net assets
$0
FY2023▼ -100%
Tap a bar for its year
Net assets by fiscal year
FY2020$210K
FY2021$140K
FY2022$55K
FY2023$22K
FY2023$0

From the FY2023 Form 990 (year ending September 2023) · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023.

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

Where the money goes

What each dollar paid for.

Management & general 100% · $8K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation
Board Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See New Spire Arts INC executive salaries →

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

Inspires creative engagement through performing arts programming and education for the whole community.

Questions for New Spire Arts INC

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1 program · in their own filed words · FY2023
01

There are no program service accomplishments to report.

Pt IX · col B

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 · FY2023
Total grants receivedfrom 1 funder$36

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
−$14K
Ln 12
Money outPt IX
$8K
Ln 25
Managementcol C$8K
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gains on assetsLn 7−$14K
Total revenueLn 12−$14K
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 56
VolunteersI 67
Fiscal year endsHeaderSeptember
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 FY23End FY23
Cash and savingsLn 1–2$18K$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$14K$0
Total assetsLn 16$33K$0
LiabilitiesLn 26$11K$0
Net assetsLn 32$22K$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$3K$3K
Office expensesLn 13$4K$4K
Other expenses (24a–d)Ln 24$335$335
Total functional expensesLn 25$8K$0$8K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023Filed with the IRS May 29, 2024 $22K$55K−$33K$22K 990 PDF
FY2022Filed with the IRS Oct 14, 2022 $232K$317K−$85K$55K 990 PDF
FY2021Filed with the IRS May 2, 2022 $240K$310K−$70K$140K 990 PDF
FY2020Filed with the IRS Mar 18, 2022 $367K$387K−$21K$210K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary −$14,378 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $5,952$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $10−$14,378
I-11 Other revenuePrior year $16,069$0
I-12 Total revenuePrior year $22,031−$14,378
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $15,845$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $39,039$7,567
I-18 Total expensesPrior year $54,884$7,567
I-19 Revenue less expensesPrior year −$32,853−$21,945
Part VI · Governance 6 of 6 board members independent, 3 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue −$14,378 across 2 lines filed
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$14,378−$14,378
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax −$14,378−$14,378
Part IX · Statement of functional expenses $7,567 across 3 lines filed
IX-11c Accounting feesManagement $3,400$3,400
IX-13 Office expensesManagement $3,832$3,832
IX-24 Other expenses (24a–d)Management $335$335
IX-25 Total functional expensesPrograms $0 · Management $7,567 · Fundraising $0$7,567
Part X · Balance sheet $0 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $16,475$0
X-2 Savings and temporary cash investmentsStart of year $1,351$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $1,000$0
X-10c Land, buildings and equipment, netStart of year $14,378$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $33,204$0
X-25 Other liabilitiesStart of year $6,049$0
X-26 Total liabilitiesStart of year $11,259$0
X-27 Net assets without donor restrictionsStart of year $21,945$0
X-32 Total net assets or fund balancesStart of year $21,945$0
X-33 Total liabilities and net assetsStart of year $33,204$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue−$14,378
XI-2 Total expenses$7,567
XI-3 Revenue less expenses−$21,945
XI-4 Net assets at start of year$21,945
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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