The Arts Studio DBA Firehouse Art Center

Tax-deductible

Longmont, CO501(c)(3)EIN 74-2380475Revenue $212K in FY2024

On file with the IRSfirehouseart.org667 4th Ave, 80501-5401 · Longmont, COTax-exempt since Oct 1985Publicly supported — 509(a)(2)

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The Firehouse Art Center inspires cultural engagement and human connection by providing life-enhancing experiences through exhibitions, education, and community events.

501(c)(3) charity; gifts are tax-deductible.
52¢ of each $1 spent went to programs.
Run by 110 volunteers and 4 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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FY2024 · 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 2
filings with a surplus
Average surplus $32K a year · 14% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
52%
of spending
Worth a look: 52% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$63K
to officers and key staff · 30% of spending
Worth a look: pay to officers and key staff is 30% of spending; over 20%.
Pt VII · Sec A
Cash reserves
11 mo
of spending, in cash
Looks good: 10.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $18K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$212K
+15% vs prior year
Spent
$212K
To programs
52%
Net assets
$0
By yearFY2020–FY2024
Revenue
$212K
FY2024▲ +15%
Tap a bar for its year
Revenue by fiscal year
FY2020$144K
FY2021$136K
FY2022$242K
FY2023$185K
FY2024$212K
Expenses
$212K
FY2024▲ +19%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021Not on file
FY2022$178K
FY2023Not on file
FY2024$212K
Net assets
$0
FY2024▼ -100%
Tap a bar for its year
Net assets by fiscal year
FY2020$111K
FY2021$121K
FY2022$190K
FY2023$195K
FY2024$0

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1985.

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

Where the money goes

52 cents of each dollar spent went to programs.

Program services 52% · $111K Management & general 21% · $44K Fundraising 27% · $57K

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; $63K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$62,693Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021
E Waterman$62,693$55,019$49,808$45,109

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.

See The Arts Studio DBA Firehouse Art Center 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 15aYes

Programs and updates

Inspires cultural engagement and connection through art exhibitions, education, and community events.

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Provided by the organization

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3 programs · $52K · in their own filed words · FY2024
01

The Firehouse's education programs span all age groups and interests. Summer includes classes for children during their school break, both at our facility and the BoCo Farmer's Market. Our adult education consists of all different media and ability levels.

$29Kprogram expense
02

The Firehouse Artwalk/Summer on the Streets are public art engagements that enrich the downtown Longmont art experience, providing an opportunity for artists and the public to interact in an annual festival setting.

$19Kprogram expense
03

The Firehouse's Artist Members and Ceramics Members have access to classes, equipment, and public exposure that elevate their artistic offerings and build community. Our offerings are both traditional and progressive, ensuring that all artist members receive value.

$4Kprogram 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 4 funders$18K
See all 4 funders →
Grants paid · 1 grant · $22K · 2022–2022

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$212K
Ln 12
Gifts and grantsLn 1h$103K
Fees for servicesLn 2g$83K
Other incomeLn 4–11$25K
Money outPt IX
$212K
Ln 25
Programscol B$111K
Managementcol C$44K
Fundraisingcol D$57K
Owns and owesPt X
$0
net assets · Ln 32
Cash and savingsLn 1–2$193K
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$103K
Government grantsLn 1e$82K
Noncash giftsLn 1g$0
Fees for servicesLn 2g$83K
Investment incomeLn 3$415
Other incomeLn 4–11$25K
Gains on assetsLn 7$0
Total revenueLn 12$212K
Assets in detailPt X, end of year
CashLn 1$147K
SavingsLn 2$46K
Cash and savings togetherLn 1–2$193K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$46K
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 54
VolunteersI 6110
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 FY24End FY24
Cash and savingsLn 1–2$160K$193K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$46K$46K
Total assetsLn 16$209K$243K
LiabilitiesLn 26$15K$15K
Net assetsLn 32$195K$228K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$8K$8K
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$63K$21K$21K$21K
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$17K$16K$2K$0
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$738$369$369$0
Payroll taxesLn 10$7K$1K$4K$1K
Management feesLn 11a$715$250$465$0
Legal feesLn 11b$0$0$0
Accounting feesLn 11c$7K$0$7K$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$3K$3K
Investment management feesLn 11f$0$0$0$0
Other fees for servicesLn 11g$0$0$0$0
Advertising and promotionLn 12$9K$4K$0$4K
Office expensesLn 13$13K$4K$4K$4K
Information technologyLn 14$765$255$255$255
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$13K$4K$4K$4K
TravelLn 17$0$0$0$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$0$0$0$0
InterestLn 20$0$0$0$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$0$0$0$0
InsuranceLn 23$2K$794$794$794
Other expenses (24a–d)Ln 24$68K$50K$0$18K
Total functional expensesLn 25$212K$111K$44K$57K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $212K$212K$0$0 990 PDF
FY2023 $185K$195K 990 PDF
FY2022 $242K$178K$64K$190K 990 PDF
FY2021 $136K$121K 990 PDF
FY2020 $144K$111K 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 FY2024 990 (6 parts)
Part I · Summary $211,916 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $156,232$103,430
I-9 Program service revenuePrior year $10,348$83,266
I-10 Investment incomePrior year $307$415
I-11 Other revenuePrior year $17,754$24,805
I-12 Total revenuePrior year $184,641$211,916
I-13 Grants and similar amounts paidPrior year $0$7,572
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $81,306$87,763
I-16a Professional fundraising feesPrior year $36,330$3,000
I-17 Other expensesPrior year $61,392$113,581
I-18 Total expensesPrior year $179,028$211,916
I-19 Revenue less expensesPrior year $5,613$0
Part VI · Governance 8 of 8 board members independent, 3 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $245,120 across 13 lines filed
Lines not itemized here account for $55,193 of total revenue; see the IRS return.
VIII-1a Federated campaigns$0
VIII-1b Membership dues$12,403
VIII-1d Related organizations$0
VIII-1e Government grants$82,031
VIII-1f All other contributions, gifts and grants$8,996
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$103,430
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $73,691$73,691
VIII-3 Investment incomeExcluded from tax $415$415
VIII-6 Net rental income or loss$12,391
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $116,470 · Unrelated business $0 · Excluded from tax $415$245,120
Part IX · Statement of functional expenses $211,916 across 30 lines filed
IX-1 Grants to domestic organizationsPrograms $7,572$7,572
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $20,898 · Management $20,898 · Fundraising $20,897$62,693
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $15,634 · Management $1,737 · Fundraising $0$17,371
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $369 · Management $369 · Fundraising $0$738
IX-10 Payroll taxesPrograms $1,392 · Management $4,177 · Fundraising $1,392$6,961
IX-11a Management feesPrograms $250 · Management $465 · Fundraising $0$715
IX-11b Legal feesPrograms $0 · Management $0$0
IX-11c Accounting feesPrograms $0 · Management $6,665 · Fundraising $0$6,665
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $3,000$3,000
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $0$0
IX-12 Advertising and promotionPrograms $4,438 · Management $0 · Fundraising $4,438$8,876
IX-13 Office expensesPrograms $4,320 · Management $4,320 · Fundraising $4,320$12,960
IX-14 Information technologyPrograms $255 · Management $255 · Fundraising $255$765
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $4,320 · Management $4,320 · Fundraising $4,320$12,960
IX-17 TravelPrograms $0 · Management $0 · Fundraising $0$0
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $0 · Fundraising $0$0
IX-20 InterestPrograms $0 · Management $0 · Fundraising $0$0
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $0 · Fundraising $0$0
IX-23 InsurancePrograms $794 · Management $794 · Fundraising $794$2,382
IX-24 Other expenses (24a–d)Programs $50,293 · Management $0 · Fundraising $17,965$68,258
IX-25 Total functional expensesPrograms $110,535 · Management $44,000 · Fundraising $57,381$211,916
Part X · Balance sheet $242,886 assets, 22 lines filed
X-1 Cash, non-interest-bearingStart of year $14,550$147,100
X-2 Savings and temporary cash investmentsStart of year $145,142$46,270
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $3,733$3,733
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $45,783$45,783
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-16 Total assetsStart of year $209,208$242,886
X-17 Accounts payable and accrued expensesStart of year $14,668$15,015
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $14,668$15,015
X-27 Net assets without donor restrictionsStart of year $194,540$227,871
X-32 Total net assets or fund balancesStart of year $194,540$227,871
X-33 Total liabilities and net assetsStart of year $209,208$242,886
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$211,916
XI-2 Total expenses$211,916
XI-3 Revenue less expenses$0
XI-8 Prior period adjustments$126
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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