Arts Power INC FY2021 filing

Tax-deductible

Cedar Grove, NJ501(c)(3)Arts & CultureEIN 59-2292246Revenue $324K in FY2021

On file with the IRSartspower.orgPo Box 383, 07009-0383 · Cedar Grove, NJTax-exempt since May 1993Publicly supported — 509(a)(2)

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The primary mission of artspower is to improve the lives of young people with compelling, literature-based, professional theatre that challenges their intellect, encourages compassion and understanding and ignites their desire to read.

501(c)(3) charity; gifts are tax-deductible.
72¢ of each $1 spent went to programs.
$23K 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

FY2021 · 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
2 of 4
filings with a surplus
Average deficit $21K a year · 6% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$23K
to officers and key staff · 10% of spending
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 4.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $14K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$208K
151% of total assets
Concern: liabilities are 151% of assets; over 80%.
Pt X · Ln 26
Independent board members
3
of 5 voting members
Looks good: 3 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
$324K
-54% vs prior year
Spent
$226K
To programs
72%
Net assets
−$70K
By yearFY2020–FY2024
Revenue
$324K
FY2021▼ -54%
Tap a bar for its year
Revenue by fiscal year
FY2020$701K
FY2021$324K
FY2023$216K
FY2024$58K
Expenses
$226K
FY2021▼ -67%
Tap a bar for its year
Expenses by fiscal year
FY2020$694K
FY2021$226K
FY2023$396K
FY2024$66K
Net assets
−$70K
FY2021▲ +58%
Tap a bar for its year
Net assets by fiscal year
FY2020−$168K
FY2021−$70K
FY2023$23K
FY2024$15K

From the FY2021 Form 990 (year ending June 2021) · see the original

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You’re viewing the FY2021 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 May 1993.

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

Where the money goes

72 cents of each dollar spent went to programs.

Program services 72% · $164K Management & general 19% · $44K Fundraising 8% · $19K

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

5 people listed on the 990; $23K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Co Director
$12,300Pt VII · Sec A
Co Director
$10,900Pt VII · Sec A
Board Presid
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Mark Blackman’s $115K as Co Director is at the 99th percentile of top reported officer pay among 250 <$100K 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 · 2 named individuals · Part VII

NameFY2023FY2021FY2020
Mark Blackman$114,600$12,300$51,500
Gary Blackman$114,600$10,900$49,300

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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Brings literature-based theatre to young people, sparking imagination and a love for reading.

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Provided by the organization

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1 program · $164K · in their own filed words · FY2020
01

Professional musical and dramatic theatre performances for young family audiences.

$164Kprogram 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 · FY2021
Total grants receivedfrom 1 funder$14K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$324K
Ln 12
Gifts and grantsLn 1h$233K
Fees for servicesLn 2g$76K
Other incomeLn 4–11$15K
Money outPt IX
$226K
Ln 25
Programscol B$164K
Managementcol C$44K
Fundraisingcol D$19K
Owns and owesPt X
−$70K
net assets · Ln 32
Cash and savingsLn 1–2$78K
Total assetsLn 16$138K
LiabilitiesLn 26$208K
PeoplePt VI, VII
5
listed · VII A
PaidVII A2
Voting boardVI 1a5
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$233K
Government grantsLn 1e$175K
Fees for servicesLn 2g$76K
Other incomeLn 4–11$15K
Total revenueLn 12$324K
Assets in detailPt X, end of year
CashLn 1$78K
Cash and savings togetherLn 1–2$78K
Land, buildings, equipmentLn 10c$53K
Other assetsLn 15$4K
Total assetsLn 16$138K
LiabilitiesLn 26$208K
Net assetsLn 32−$70K
OperationsPt I, VI
EmployeesI 532
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$17K$78K
Land, buildings, equipmentLn 10c$61K$53K
Total assetsLn 16$90K$138K
LiabilitiesLn 26$258K$208K
Net assetsLn 32−$168K−$70K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$23K$10K$6K$6K
Other salaries and wagesLn 7$34K$15K$10K$9K
Pension plan contributionsLn 8$300$81$72$147
Payroll taxesLn 10$7K$7K$205$137
Accounting feesLn 11c$6K$6K
Other fees for servicesLn 11g$44K$43K$878
Advertising and promotionLn 12$5K$4K$878
Office expensesLn 13$15K$11K$4K$64
RoyaltiesLn 15$10K$10K
OccupancyLn 16$32K$21K$11K
TravelLn 17$181$130$33$18
InterestLn 20$4K$3K$338$338
Depreciation, depletion and amortizationLn 22$17K$17K
InsuranceLn 23$17K$14K$2K$2K
Other expenses (24a–d)Ln 24$9K$6K$3K$678
All other expensesLn 24e$1K$1K
Total functional expensesLn 25$226K$164K$44K$19K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $58K$66K−$8K$15K 990 PDF
FY2023 $216K$396K−$180K$23K 990 PDF
FY2022 Not on file
FY2021 Viewing $324K$226K$98K−$70K 990 PDF
FY2020 $701K$694K$7K−$168K 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 FY2021 990 (6 parts)
Part I · Summary $324,016 revenue, 12 lines filed
I-8 Contributions and grants$233,157
I-9 Program service revenue$76,112
I-10 Investment income$0
I-11 Other revenue$14,747
I-12 Total revenue$324,016
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$64,429
I-16a Professional fundraising fees$0
I-17 Other expenses$161,852
I-18 Total expenses$226,281
I-19 Revenue less expenses$97,735
Part VI · Governance 3 of 5 board members independent, 2 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $324,016 across 6 lines filed
VIII-1e Government grants$174,540
VIII-1f All other contributions, gifts and grants$58,617
VIII-1h Total contributions, gifts and grants$233,157
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $76,112$76,112
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $14,747$14,747
VIII-12 Total revenueRelated to mission $90,859$324,016
Part IX · Statement of functional expenses $226,281 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $10,440 · Management $6,496 · Fundraising $6,264$23,200
IX-7 Other salaries and wagesPrograms $15,338 · Management $9,544 · Fundraising $9,203$34,085
IX-8 Pension plan contributionsPrograms $81 · Management $72 · Fundraising $147$300
IX-10 Payroll taxesPrograms $6,502 · Management $205 · Fundraising $137$6,844
IX-11c Accounting feesManagement $6,500$6,500
IX-11g Other fees for servicesPrograms $43,028 · Management $878$43,906
IX-12 Advertising and promotionPrograms $4,284 · Management $878$5,162
IX-13 Office expensesPrograms $11,332 · Management $3,671 · Fundraising $64$15,067
IX-15 RoyaltiesPrograms $9,926$9,926
IX-16 OccupancyPrograms $21,049 · Management $10,843$31,892
IX-17 TravelPrograms $130 · Management $33 · Fundraising $18$181
IX-20 InterestPrograms $3,078 · Management $338 · Fundraising $338$3,754
IX-22 Depreciation, depletion and amortizationPrograms $17,355$17,355
IX-23 InsurancePrograms $13,807 · Management $1,726 · Fundraising $1,726$17,259
IX-24 Other expenses (24a–d)Programs $5,903 · Management $2,780 · Fundraising $678$9,361
IX-24e All other expensesPrograms $1,489$1,489
IX-25 Total functional expensesPrograms $163,742 · Management $43,964 · Fundraising $18,575$226,281
Part X · Balance sheet $138,048 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $16,836$78,360
X-9 Prepaid expenses and deferred chargesStart of year $1,510$2,296
X-10c Land, buildings and equipment, netStart of year $61,393$53,092
X-15 Other assetsStart of year $4,300$4,300
X-16 Total assetsStart of year $89,604$138,048
X-17 Accounts payable and accrued expensesStart of year $118,698$71,690
X-19 Deferred revenueStart of year $60,300$35,000
X-24 Unsecured notes and loans payableStart of year $78,755$101,772
X-26 Total liabilitiesStart of year $257,753$208,462
X-27 Net assets without donor restrictionsStart of year −$195,399−$102,664
X-28 Net assets with donor restrictionsStart of year $27,250$32,250
X-32 Total net assets or fund balancesStart of year −$168,149−$70,414
X-33 Total liabilities and net assetsStart of year $89,604$138,048
Part XI · Reconciliation of net assets −$70,414 net assets at year end
XI-1 Total revenue$324,016
XI-2 Total expenses$226,281
XI-3 Revenue less expenses$97,735
XI-4 Net assets at start of year−$168,149
XI-10 Net assets at end of year−$70,414

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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