Upstairs Artspace FY2020 filing

Tax-deductible

Tryon, NC501(c)(3)Arts & CultureEIN 58-1379476Revenue $138K in FY2020

On file with the IRSupstairsartspace.orgPo Box 553, 28782-0553 · Tryon, NCTax-exempt since Feb 1980Publicly supported charity — 170(b)(1)(A)(vi)

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Develop and conduct activities that will enhance and foster knowledge of and appreciation for the creative pross of contemporary art

501(c)(3) charity; gifts are tax-deductible.
19¢ of each $1 spent went to programs.
$21K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $10K a year · 7% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
19%
of spending
Concern: 19% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$21K
to officers and key staff · 24% of spending
Worth a look: pay to officers and key staff is 24% of spending; over 20%.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $79K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$12K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$138K
Spent
$86K
To programs
19%
Net assets
$469K
By yearFY2020–FY2025
Revenue
$138K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$138K
FY2021$121K
FY2022$151K
FY2023$97K
FY2024$121K
FY2025$152K
Expenses
$86K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$86K
FY2021$105K
FY2022$86K
FY2023$142K
FY2024$129K
FY2025$174K
Net assets
$469K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$469K
FY2021$485K
FY2022$550K
FY2023$505K
FY2024$496K
FY2025$475K

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 (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1980.

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

Where the money goes

19 cents of each dollar spent went to programs.

Program services 19% · $17K Management & general 81% · $70K

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

8 people listed on the 990; $21K paid to officers and key staff.

Part VII, Section A · reportable compensation
Gallery Manager
$21,080Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Merry Beth Noble’s $21K as Gallery Manager is at the 16th 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.

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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
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Promotes understanding and appreciation of contemporary art through engaging activities.

Questions for Upstairs Artspace

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Provided by the organization

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1 program · $17K · in their own filed words · FY2020
01

Art education for the public and provide a contemporary art gallery

$17Kprogram 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 · FY2025
Total grants receivedfrom 1 funder$79K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$138K
Ln 12
Gifts and grantsLn 1h$121K
Fees for servicesLn 2g$17K
Money outPt IX
$86K
Ln 25
Programscol B$17K
Managementcol C$70K
Owns and owesPt X
$469K
net assets · Ln 32
Cash and savingsLn 1–2$21K
Total assetsLn 16$481K
LiabilitiesLn 26$12K
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$121K
Fees for servicesLn 2g$17K
Total revenueLn 12$138K
Assets in detailPt X, end of year
CashLn 1$21K
Cash and savings togetherLn 1–2$21K
Land, buildings, equipmentLn 10c$458K
Total assetsLn 16$481K
LiabilitiesLn 26$12K
Net assetsLn 32$469K
OperationsPt I, VI
EmployeesI 51
VolunteersI 64
Fiscal year endsHeaderDecember
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 FY20End FY20
Cash and savingsLn 1–2$5K$21K
Land, buildings, equipmentLn 10c$438K$458K
Total assetsLn 16$444K$481K
LiabilitiesLn 26$28K$12K
Net assetsLn 32$417K$469K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$21K$0$21K$0
Payroll taxesLn 10$2K$0$2K$0
Accounting feesLn 11c$4K$0$4K$0
Other fees for servicesLn 11g$4$0$4$0
Advertising and promotionLn 12$7K$6K$1K$0
Office expensesLn 13$3K$200$3K$0
Information technologyLn 14$603$0$603$0
OccupancyLn 16$9K$0$9K$0
InterestLn 20$3K$0$3K$0
Depreciation, depletion and amortizationLn 22$19K$0$19K$0
InsuranceLn 23$5K$0$5K$0
All other expensesLn 24e$13K$10K$3K$0
Total functional expensesLn 25$86K$17K$70K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $152K$174K−$21K$475K 990 PDF
FY2024 $121K$129K−$9K$496K 990 PDF
FY2023 $97K$142K−$45K$505K 990 PDF
FY2022 $151K$86K$65K$550K 990 PDF
FY2021 $121K$105K$16K$485K 990 PDF
FY2020 Viewing $138K$86K$52K$469K 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 $138,267 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $42,957$121,040
I-9 Program service revenuePrior year $21,390$17,227
I-10 Investment income$0
I-11 Other revenuePrior year $645$0
I-12 Total revenuePrior year $64,992$138,267
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $19,035$23,137
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $70,163$63,260
I-18 Total expensesPrior year $89,198$86,397
I-19 Revenue less expensesPrior year −$24,206$51,870
Part VI · Governance 7 of 7 board members independent, 3 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
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 $138,267 across 5 lines filed
VIII-1b Membership dues$3,985
VIII-1f All other contributions, gifts and grants$117,055
VIII-1h Total contributions, gifts and grants$121,040
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$17,227
VIII-12 Total revenueRelated to mission $17,227 · Unrelated business $0 · Excluded from tax $0$138,267
Part IX · Statement of functional expenses $86,397 across 12 lines filed
IX-7 Other salaries and wagesPrograms $0 · Management $21,460 · Fundraising $0$21,460
IX-10 Payroll taxesPrograms $0 · Management $1,677 · Fundraising $0$1,677
IX-11c Accounting feesPrograms $0 · Management $3,754 · Fundraising $0$3,754
IX-11g Other fees for servicesPrograms $0 · Management $4 · Fundraising $0$4
IX-12 Advertising and promotionPrograms $6,247 · Management $1,135 · Fundraising $0$7,382
IX-13 Office expensesPrograms $200 · Management $2,621 · Fundraising $0$2,821
IX-14 Information technologyPrograms $0 · Management $603 · Fundraising $0$603
IX-16 OccupancyPrograms $0 · Management $9,013 · Fundraising $0$9,013
IX-20 InterestPrograms $0 · Management $3,071 · Fundraising $0$3,071
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $18,858 · Fundraising $0$18,858
IX-23 InsurancePrograms $0 · Management $4,828 · Fundraising $0$4,828
IX-24e All other expensesPrograms $10,376 · Management $2,550 · Fundraising $0$12,926
IX-25 Total functional expensesPrograms $16,823 · Management $69,574 · Fundraising $0$86,397
Part X · Balance sheet $480,611 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $5,192$21,412
X-4 Accounts receivableStart of year $1,228$1,500
X-10c Land, buildings and equipment, netStart of year $437,914$457,699
X-16 Total assetsStart of year $444,334$480,611
X-17 Accounts payable and accrued expensesStart of year $936$2,152
X-24 Unsecured notes and loans payable$8,698
X-26 Total liabilitiesStart of year $27,564$11,971
X-27 Net assets without donor restrictionsStart of year $416,770$468,640
X-32 Total net assets or fund balancesStart of year $416,770$468,640
X-33 Total liabilities and net assetsStart of year $444,334$480,611
Part XI · Reconciliation of net assets $468,640 net assets at year end
XI-1 Total revenue$138,267
XI-2 Total expenses$86,397
XI-3 Revenue less expenses$51,870
XI-4 Net assets at start of year$416,770
XI-10 Net assets at end of year$468,640

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

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