Cue Art Foundation FY2020 filing

Tax-deductible

New York, NY501(c)(3)Arts & CultureEIN 54-2064462Revenue $679K in FY2020

On file with the IRScueartfoundation.org137 W 25th St, 10001-7200 · New York, NYTax-exempt since Nov 2003Publicly supported charity — 170(b)(1)(A)(vi)

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Non-profit forum for contemporary Art and under-recognized artists.

501(c)(3) charity; gifts are tax-deductible.
66¢ of each $1 spent went to programs.
$87K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2020 · 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 $26K a year · 4% 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
66%
of spending
Fine: 66% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$87K
to officers and key staff · 13% of spending
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $225K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$180K
11% of total assets
Looks good: liabilities are 11% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 16 voting members
Looks good: 15 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$679K
Spent
$653K
To programs
66%
Net assets
$1.5M
By yearFY2020–FY2024
Revenue
$679K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$679K
FY2021$889K
FY2022$689K
FY2023$600K
FY2024$297K
Expenses
$653K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$653K
FY2021$841K
FY2022$720K
FY2023$548K
FY2024$524K
Net assets
$1.5M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$1.5M
FY2021$1.5M
FY2022$1.5M
FY2023$1.6M
FY2024$1.3M

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 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 Nov 2003.

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

Where the money goes

66 cents of each dollar spent went to programs.

Program services 66% · $430K Management & general 20% · $131K Fundraising 14% · $93K

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

16 people listed on the 990; $87K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$87,376Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Jinny Khanduja’s $110K as Executive Direc is at the 92nd percentile of top reported officer pay among 2216 $100K–1M 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.

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Jinny Khanduja$110,000$110,000$78,692——
Corina Larkin———$87,811$87,376
Amanda Adams-Louis$17,650$17,050$17,244——
Corina Larkin Former——$8,769——
Lilly Wei——$1,250——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 15aYes

Programs and updates

Showcases contemporary art and supports under-recognized artists.

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Provided by the organization

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3 programs · $387K · in their own filed words · FY2020
01

Exhibitions Program

Cue's exhibition program presents new and exceptionally strong work by emerging and under-recognized artists from across the united states, while providing these artists with exposure and resources to help them forward their artistic career.

$221Kprogram expense
02

Cue Teen Collective

The cue teen collective is a free, year-long after school program for nyc high school students who are interested in exploring careers in the fine arts. Participants meet on wednesday afternoons from october through may to investigate the contemporary art world, develop professional skills, and produce artwork for a group exhibition in…

$94Kprogram expense
03

Meeting Artists' Needs (man)

Is a series of professional development seminars and critical discourse panels and discussions that provide emerging professional artists and arts workers of all ages with a set of durable arts management skills as well as insight into pressing topics in the field.

$72Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 2 funders$225K
Grants paid · 3 grants · $253K · 2020–2022
Unitemized GrantFY2022$103,466
Unitemized GrantFY2021$97,025
Unitemized GrantFY2020$52,600

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$679K
Ln 12
Gifts and grantsLn 1h$658K
Other incomeLn 4–11$14K
Fees for servicesLn 2g$7K
Money outPt IX
$653K
Ln 25
Programscol B$430K
Managementcol C$131K
Fundraisingcol D$93K
Owns and owesPt X
$1.5M
net assets · Ln 32
Cash and savingsLn 1–2$123K
Total assetsLn 16$1.7M
LiabilitiesLn 26$180K
PeoplePt VI, VII
16
listed · VII A
PaidVII A1
Voting boardVI 1a16
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$658K
Government grantsLn 1e$105K
Fundraising eventsLn 1c$121K
Fees for servicesLn 2g$7K
Investment incomeLn 3$56
Other incomeLn 4–11$14K
Total revenueLn 12$679K
Assets in detailPt X, end of year
CashLn 1$123K
Cash and savings togetherLn 1–2$123K
Land, buildings, equipmentLn 10c$1.2M
Total assetsLn 16$1.7M
LiabilitiesLn 26$180K
Net assetsLn 32$1.5M
OperationsPt I, VI
EmployeesI 58
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$69K$123K
Land, buildings, equipmentLn 10c$1.3M$1.2M
Total assetsLn 16$1.5M$1.7M
LiabilitiesLn 26$57K$180K
Net assetsLn 32$1.5M$1.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$53K$53K
Pay of current officers, directors and key staffLn 5$110K$55K$22K$33K
Other salaries and wagesLn 7$194K$116K$41K$37K
Other employee benefitsLn 9$18K$10K$4K$4K
Payroll taxesLn 10$25K$14K$5K$6K
Accounting feesLn 11c$35K$35K
Other fees for servicesLn 11g$33K$27K$4K$2K
Advertising and promotionLn 12$779$750$29
Office expensesLn 13$8K$6K$1K$1K
OccupancyLn 16$30K$24K$4K$3K
TravelLn 17$631$631
Depreciation, depletion and amortizationLn 22$55K$44K$7K$5K
InsuranceLn 23$7K$5K$1K$227
Other expenses (24a–d)Ln 24$83K$74K$7K$3K
All other expensesLn 24e$304$281$11$12
Total functional expensesLn 25$653K$430K$131K$93K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $297K$524K−$227K$1.3M 990 PDF
FY2023 $600K$548K$52K$1.6M 990 PDF
FY2022 $689K$720K−$31K$1.5M 990 PDF
FY2021 $889K$841K$48K$1.5M 990 PDF
FY2020 Viewing $679K$653K$26K$1.5M 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 FY2020 990 (6 parts)
Part I · Summary $679,097 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $631,590$657,919
I-9 Program service revenuePrior year $26,250$6,688
I-10 Investment incomePrior year $28$56
I-11 Other revenuePrior year −$22,653$14,434
I-12 Total revenuePrior year $635,215$679,097
I-13 Grants and similar amounts paidPrior year $67,128$52,600
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $307,887$347,379
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $235,330$253,432
I-18 Total expensesPrior year $610,345$653,411
I-19 Revenue less expensesPrior year $24,870$25,686
Part VI · Governance 15 of 16 board members independent, no flags
VI-1a Voting members of the governing body16
VI-1b Independent voting members15
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $679,097 across 10 lines filed
Lines not itemized here account for $28,200 of total revenue; see the IRS return.
VIII-1b Membership dues$860
VIII-1c Fundraising events$121,400
VIII-1e Government grants$104,600
VIII-1f All other contributions, gifts and grants$431,059
VIII-1h Total contributions, gifts and grants$657,919
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $6,688$6,688
VIII-3 Investment incomeExcluded from tax $56$56
VIII-8 Net income from fundraising eventsExcluded from tax −$37,431−$37,431
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $23,665$23,665
VIII-12 Total revenueRelated to mission $6,688 · Unrelated business $0 · Excluded from tax $14,490$679,097
Part IX · Statement of functional expenses $653,411 across 15 lines filed
IX-2 Grants to domestic individualsPrograms $52,600$52,600
IX-5 Pay of current officers, directors and key staffPrograms $54,810 · Management $21,923 · Fundraising $32,885$109,618
IX-7 Other salaries and wagesPrograms $116,262 · Management $41,140 · Fundraising $36,744$194,146
IX-9 Other employee benefitsPrograms $10,351 · Management $3,797 · Fundraising $4,101$18,249
IX-10 Payroll taxesPrograms $14,388 · Management $5,279 · Fundraising $5,699$25,366
IX-11c Accounting feesManagement $35,245$35,245
IX-11g Other fees for servicesPrograms $26,787 · Management $4,210 · Fundraising $1,531$32,528
IX-12 Advertising and promotionPrograms $750 · Management $29$779
IX-13 Office expensesPrograms $5,839 · Management $1,345 · Fundraising $1,316$8,500
IX-16 OccupancyPrograms $24,198 · Management $3,598 · Fundraising $2,683$30,479
IX-17 TravelPrograms $631$631
IX-22 Depreciation, depletion and amortizationPrograms $43,752 · Management $6,505 · Fundraising $4,851$55,108
IX-23 InsurancePrograms $5,143 · Management $1,369 · Fundraising $227$6,739
IX-24 Other expenses (24a–d)Programs $73,795 · Management $6,557 · Fundraising $2,767$83,119
IX-24e All other expensesPrograms $281 · Management $11 · Fundraising $12$304
IX-25 Total functional expensesPrograms $429,587 · Management $131,008 · Fundraising $92,816$653,411
Part X · Balance sheet $1,675,037 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $69,382$122,696
X-4 Accounts receivableStart of year $177,392$310,138
X-9 Prepaid expenses and deferred chargesStart of year $3,703$32,903
X-10c Land, buildings and equipment, netStart of year $1,256,877$1,209,300
X-16 Total assetsStart of year $1,507,354$1,675,037
X-17 Accounts payable and accrued expensesStart of year $56,721$30,449
X-26 Total liabilitiesStart of year $56,721$180,449
X-27 Net assets without donor restrictionsStart of year $1,303,026$1,271,588
X-28 Net assets with donor restrictionsStart of year $147,607$223,000
X-32 Total net assets or fund balancesStart of year $1,450,633$1,494,588
X-33 Total liabilities and net assetsStart of year $1,507,354$1,675,037
Part XI · Reconciliation of net assets $1,494,588 net assets at year end
XI-1 Total revenue$679,097
XI-2 Total expenses$653,411
XI-3 Revenue less expenses$25,686
XI-4 Net assets at start of year$1,450,633
XI-6 Donated services and use of facilities$18,269
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,494,588

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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