Using Art to Create a Better World EIN 46-5181948 Form 990 (PDF) Claim this org

Using Art to Create a Better World

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Inspires creativity through art, fostering a better world and supporting local artists. For fiscal year 2024 it reported $262K in revenue, $259K in expenses, and $130K in net assets.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
Fayetteville, AR
Filings
5 on file (2020–2024)
Revenue
$262KFY2024
Expenses
$259K
Net assets
$130K
People
3
Filings
5
Updates
0
More identity details & actions ⌄
EIN  46-5181948 Public charity (501(c)(3)) Fayetteville, AR
Form 990 (PDF)
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Size
$100K–1M
What they do
Inspires creativity through art, fostering a better world and supporting local artists.
Leadership
James Ulick · President
Money in and out
$262K revenue, $259K expenses
Bottom line
79% program efficiency
Where the money goes · FY2024
Total revenue
$262K
Pt VIII · Ln 12
Total expenses
$259K
Pt IX · Ln 25
Net assets
$130K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $2K
Where spending went · Part IX cols B–D
Program services $0.79 Management & general $0.19 Fundraising $0.02
Program efficiency
79%
of spending reaches programs▼ -2% vs prior filing year
Operating runway
6.1mo
months of highly liquid reserves at operating expense rate▼ -9% vs prior filing year
Surplus margin
+0.9%
revenue over expenses, this year▼ -94% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$262K
FY2024▲ +4%
Expenses
$259K
FY2024▲ +20%
Total assets
$132K
FY2024▼ -2%
Total liabilities
$2K
FY2024▼ -70%
Total revenue
$262K
Pt VIII · Ln 12
Total expenses
$259K
Pt IX · Ln 25
Net assets
$130K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$2K
Total assetsPt X · Ln 16$132K
Program-expense ratioPt IX · col B79%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

1 program service account for $206K of program spending, described in the organization's own filed words · FY2024.
01

Promoting the arts and inspiring creativity

$206Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CUsing Art to Create a Better World
EINHdr · item D46-5181948
Principal addressHdr · item CFayetteville, AR
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MAR
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A25)
Ruling yearIRS BMFSep 2014

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aNo
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
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Program service revenue$219K · 84%
Other revenue$22K · 8%
Contributions & grants$19K · 7%
Investment income$2K · 1%
Program service revenue84%$219K
Other revenue8%$22K
Contributions & grants7%$19K
Investment income1%$2K
Total revenueLn 12$262K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.79 Management & general $0.19 Fundraising $0.02
Program services79%$206K
Management & general19%$48K
Fundraising2%$5K
Total functional expensesLn 25$259K

Balance Sheet

Part X · end of year
CashLn 1$131K
Total assetsLn 16$132K
Total liabilitiesLn 26$2K
Total net assetsLn 32$130K
Months of cash on handcomputed6.1

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $131K · Operating expenses/yr $259K
6.1 months
Where the money goes
Program services
Program services $206K · Total expenses $259K
79%
Management & General
Management & general $48K · Total expenses $259K
19%
Fundraising
Fundraising $5K · Total expenses $259K
2%
Cost to raise $1
Fundraising expense (3-yr avg) $5K · Solicited contributions (3-yr avg) $17K
$0.31 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $19K · Total revenue $262K
7%
Government reliance
Government grants — · Total revenue $262K
Earned-income share
Program service revenue $219K · Total revenue $262K
84%
Investment reliance
Investment income $2K · Total revenue $262K
+0.6%
Program self-sufficiency
Program service revenue $219K · Total expenses $259K
84%
Growth & trend
Revenue growth (YoY)
This year $262K · Prior year $251K
+4%
Revenue CAGR
FY2020 $155K · FY2024 $262K
+14%
Net-asset trend (YoY)
End of year $130K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $262K · Expenses $259K
+0.9%
Liabilities-to-Assets
Total liabilities — · Total assets $132K
Net-asset ratio
Net assets $130K · Total assets $132K
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $132K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual James Ulick · Reported title President · Highest reported compensation $0 · Total expenses $259K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $140K · Total expenses $259K
54%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 79%
Overhead ratio 19%
Fundraising cost ratio 27%
Revenue growth 4%
Legal fee ratio 0.1%
Accounting fee ratio 0.9%

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 · FY2024
Total grants receivedfrom 1 funder$2K

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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)$262K revenue · viewing · ⤓ 990 PDF
FY2023$251K revenue · ⤓ 990 PDF
FY2022$235K revenue · ⤓ 990 PDF
FY2021$119K revenue · ⤓ 990 PDF
FY2020$155K 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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