Using Art to Create a Better World FY2023 filing

Tax-deductible

Fayetteville, AR501(c)(3)Arts & CultureEIN 46-5181948Revenue $251K in FY2023

On file with the IRS12103 Hazel Valley Rd, 72701-3741 · Fayetteville, ARTax-exempt since Sep 2014Publicly supported — 509(a)(2)

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Our mission is to use the vehicle of Art to inspire individuals to be creative, and in turn, to use their creativity to Create a Better World. We offer a venue where the public can appreciate, interact with, Create and support local Art. We are dedicated to promoting the arts and inspiring creativity. Our dream is to ignite the inner flames of creativity in everyone who visits.

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
3 of 5
filings with a surplus
Average deficit $10K a year · 5% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
7 mo
of spending, in cash
Looks good: 6.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $2K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$7K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$251K
+7% vs prior year
Spent
$216K
To programs
81%
Net assets
$128K
By yearFY2020–FY2024
Revenue
$251K
FY2023▲ +7%
Tap a bar for its year
Revenue by fiscal year
FY2020$155K
FY2021$119K
FY2022$235K
FY2023$251K
FY2024$262K
Expenses
$216K
FY2023▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020$193K
FY2021$193K
FY2022$208K
FY2023$216K
FY2024$259K
Net assets
$128K
FY2023▲ +37%
Tap a bar for its year
Net assets by fiscal year
FY2020$141K
FY2021$67K
FY2022$93K
FY2023$128K
FY2024$130K

From the FY2023 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2023 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 Sep 2014.

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

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $176K Management & general 17% · $36K Fundraising 2% · $4K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
President
$0Pt VII · Sec A
See Using Art to Create a Better World 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

Inspires creativity through art, fostering a better world and supporting local artists.

Questions for Using Art to Create a Better World

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Provided by the organization

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1 program · $167K · in their own filed words · FY2023
01

Promoting the arts and inspiring creativity

$167Kprogram 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 1 funder$2K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$251K
Ln 12
Fees for servicesLn 2g$204K
Other incomeLn 4–11$35K
Gifts and grantsLn 1h$12K
Money outPt IX
$216K
Ln 25
Programscol B$176K
Managementcol C$36K
Fundraisingcol D$4K
Owns and owesPt X
$128K
net assets · Ln 32
Cash and savingsLn 1–2$121K
Total assetsLn 16$135K
LiabilitiesLn 26$7K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$12K
Fees for servicesLn 2g$204K
Investment incomeLn 3$432
Other incomeLn 4–11$35K
Total revenueLn 12$251K
Assets in detailPt X, end of year
CashLn 1$121K
Cash and savings togetherLn 1–2$121K
Land, buildings, equipmentLn 10c$11K
Total assetsLn 16$135K
LiabilitiesLn 26$7K
Net assetsLn 32$128K
OperationsPt I, VI
EmployeesI 513
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 FY23End FY23
Cash and savingsLn 1–2$76K$121K
Land, buildings, equipmentLn 10c$20K$11K
Total assetsLn 16$98K$135K
LiabilitiesLn 26$5K$7K
Net assetsLn 32$93K$128K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$98K$72K$23K$3K
Payroll taxesLn 10$8K$6K$2K$267
Accounting feesLn 11c$2K$2K
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$27K$23K$4K
Information technologyLn 14$1K$474$986
OccupancyLn 16$32K$32K
TravelLn 17$313$313
Conferences, conventions and meetingsLn 19$216$216
Depreciation, depletion and amortizationLn 22$9K$9K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$30K$29K$1K
Total functional expensesLn 25$216K$176K$36K$4K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $262K$259K$2K$130K 990 PDF
FY2023 Viewing $251K$216K$35K$128K 990 PDF
FY2022 $235K$208K$26K$93K 990 PDF
FY2021 $119K$193K−$74K$67K 990 PDF
FY2020 $155K$193K−$38K$141K 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 FY2023 990 (6 parts)
Part I · Summary $250,649 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $20,469$12,073
I-9 Program service revenuePrior year $113,871$203,614
I-10 Investment incomePrior year $39$432
I-11 Other revenuePrior year $100,337$34,530
I-12 Total revenuePrior year $234,716$250,649
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $112,281$106,251
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $95,975$109,806
I-18 Total expensesPrior year $208,256$216,057
I-19 Revenue less expensesPrior year $26,460$34,592
Part VI · Governance 5 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-12a Written conflict of interest policyNo
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
Part VIII · Statement of revenue $250,649 across 5 lines filed
Lines not itemized here account for $34,530 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$12,073
VIII-1h Total contributions, gifts and grants$12,073
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $203,614$203,614
VIII-3 Investment incomeRelated to mission $432$432
VIII-12 Total revenueRelated to mission $238,576$250,649
Part IX · Statement of functional expenses $216,057 across 12 lines filed
IX-7 Other salaries and wagesPrograms $71,685 · Management $23,270 · Fundraising $3,452$98,407
IX-10 Payroll taxesPrograms $5,747 · Management $1,830 · Fundraising $267$7,844
IX-11c Accounting feesManagement $2,346$2,346
IX-12 Advertising and promotionPrograms $3,864$3,864
IX-13 Office expensesPrograms $23,351 · Management $3,835$27,186
IX-14 Information technologyPrograms $474 · Management $986$1,460
IX-16 OccupancyPrograms $32,373$32,373
IX-17 TravelPrograms $313$313
IX-19 Conferences, conventions and meetingsManagement $216$216
IX-22 Depreciation, depletion and amortizationPrograms $8,924$8,924
IX-23 InsuranceManagement $2,689$2,689
IX-24 Other expenses (24a–d)Programs $29,141 · Management $1,294$30,435
IX-25 Total functional expensesPrograms $175,872 · Management $36,466 · Fundraising $3,719$216,057
Part X · Balance sheet $135,306 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $75,567$121,373
X-4 Accounts receivableStart of year $1,757$2,077
X-8 Inventories for sale or useStart of year $933$1,000
X-10c Land, buildings and equipment, netStart of year $19,784$10,856
X-16 Total assetsStart of year $98,041$135,306
X-17 Accounts payable and accrued expensesStart of year $1,245$2,667
X-25 Other liabilitiesStart of year $3,338$4,593
X-26 Total liabilitiesStart of year $4,583$7,260
X-27 Net assets without donor restrictionsStart of year $93,458$128,046
X-32 Total net assets or fund balancesStart of year $93,458$128,046
X-33 Total liabilities and net assetsStart of year $98,041$135,306
Part XI · Reconciliation of net assets $128,046 net assets at year end
XI-1 Total revenue$250,649
XI-2 Total expenses$216,057
XI-3 Revenue less expenses$34,592
XI-4 Net assets at start of year$93,458
XI-9 Other changes in net assets−$4
XI-10 Net assets at end of year$128,046

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

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