Bluseed Studios INC: FY2023 Nonprofit Profile & Form 990 (EIN 80-0030909)

Revenue by fiscal year
FY2020	$95K
FY2021	$90K
FY2022	$116K
FY2023	$115K
FY2024	$172K
FY2025	$53K

Expenses by fiscal year
FY2020	$88K
FY2021	$91K
FY2022	$121K
FY2023	$153K
FY2024	$176K
FY2025	$62K

Net assets by fiscal year
FY2020	$100K
FY2021	$99K
FY2022	$94K
FY2023	$56K
FY2024	$53K
FY2025	$44K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2007.

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

Where the money goes

6 cents of each dollar spent went to programs.

94%

Program services 6% · $9K Management & general 94% · $144K

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

6 people listed on the 990.

Part VII, Section A · reportable compensation

Mark Kurtz

President

$0Pt VII · Sec A

Katherine Levin-Lau

Board Member

$0Pt VII · Sec A

Lisa Meissner

Board Member

$0Pt VII · Sec A

Jill Michalsky

Vice Preside

$0Pt VII · Sec A

Jennifer Ward

Treasurer

$0Pt VII · Sec A

Krystal

Board Member

$0Pt VII · Sec A

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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

Promotes art and art education for all.

Questions for Bluseed Studios INC

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Provided by the organization

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1 program · $9K · in their own filed words · FY2023

01

To promote art and art education

$9Kprogram 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

Paypal Charitable Giving FundFY2024$16K

Anantaa-Om FoundationFY2024$10K

Cloudslitter FoundationFY2024$6K

Glenn and Carol Pearsall Adirondack Foundation INCFY2024$2K

Total grants receivedfrom 4 funders$34K

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By the numbers

The FY2023 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$115K

Ln 12

Gifts and grantsLn 1h$92K

Other incomeLn 4–11$15K

Fees for servicesLn 2g$8K

Money outPt IX

$153K

Ln 25

Programscol B$9K

Managementcol C$144K

Owns and owesPt X

$56K

net assets · Ln 32

Cash and savingsLn 1–2$6K

Total assetsLn 16$271K

LiabilitiesLn 26$215K

PeoplePt VI, VII

6

listed · VII A

PaidVII A0

Voting boardVI 1a6

IndependentVI 1b6

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$92K

Government grantsLn 1e$44K

Fees for servicesLn 2g$8K

Investment incomeLn 3$1

Other incomeLn 4–11$15K

Total revenueLn 12$115K

Assets in detailPt X, end of year

CashLn 1$6K

Cash and savings togetherLn 1–2$6K

Land, buildings, equipmentLn 10c$266K

Total assetsLn 16$271K

LiabilitiesLn 26$215K

Net assetsLn 32$56K

OperationsPt I, VI

EmployeesI 52

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

Line	Start FY23	End FY23
Cash and savingsLn 1–2	$16K	$6K
Land, buildings, equipmentLn 10c	$273K	$266K
Total assetsLn 16	$293K	$271K
LiabilitiesLn 26	$199K	$215K
Net assetsLn 32	$94K	$56K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$26K		$26K
Payroll taxesLn 10	$780		$780
Accounting feesLn 11c	$2K		$2K
Other fees for servicesLn 11g	$1K	$750	$660
Advertising and promotionLn 12	$7K		$7K
Office expensesLn 13	$3K	$564	$2K
Information technologyLn 14	$2K		$2K
OccupancyLn 16	$18K		$18K
TravelLn 17	$329	$254	$75
InterestLn 20	$9K		$9K
Depreciation, depletion and amortizationLn 22	$8K		$8K
InsuranceLn 23	$7K		$7K
Other expenses (24a–d)Ln 24	$65K	$6K	$60K
All other expensesLn 24e	$3K	$2K	$1K
Total functional expensesLn 25	$153K	$9K	$144K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$53K	$62K	−$9K	$44K	990 PDF
FY2024	$172K	$176K	−$4K	$53K	990 PDF
FY2023 Viewing	$115K	$153K	−$38K	$56K	990 PDF
FY2022	$116K	$121K	−$5K	$94K	990 PDF
FY2021	$90K	$91K	−$536	$99K	990 PDF
FY2020	$95K	$88K	$7K	$100K	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2023 990 (6 parts)

Part I · Summary $114,837 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $95,832$91,669

I-9 Program service revenuePrior year $5,624$8,369

I-10 Investment incomePrior year $2$1

I-11 Other revenuePrior year $14,667$14,798

I-12 Total revenuePrior year $116,125$114,837

I-13 Grants and similar amounts paidPrior year $1,103$0

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $37,967$26,537

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $81,829$126,105

I-18 Total expensesPrior year $120,899$152,642

I-19 Revenue less expensesPrior year −$4,774−$37,805

Part VI · Governance 6 of 6 board members independent, 4 to look at

VI-1a Voting members of the governing body6

VI-1b Independent voting members6

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 $114,837 across 8 lines filed

Lines not itemized here account for $6,113 of total revenue; see the IRS return.

VIII-1b Membership dues$3,047

VIII-1e Government grants$43,582

VIII-1f All other contributions, gifts and grants$45,040

VIII-1h Total contributions, gifts and grants$91,669

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $8,369$8,369

VIII-3 Investment incomeRelated to mission $1$1

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $8,685$8,685

VIII-12 Total revenueRelated to mission $23,168$114,837

Part IX · Statement of functional expenses $152,642 across 14 lines filed

IX-7 Other salaries and wagesManagement $25,757$25,757

IX-10 Payroll taxesManagement $780$780

IX-11c Accounting feesManagement $2,500$2,500

IX-11g Other fees for servicesPrograms $750 · Management $660$1,410

IX-12 Advertising and promotionManagement $6,918$6,918

IX-13 Office expensesPrograms $564 · Management $2,339$2,903

IX-14 Information technologyManagement $1,653$1,653

IX-16 OccupancyManagement $18,021$18,021

IX-17 TravelPrograms $254 · Management $75$329

IX-20 InterestManagement $9,321$9,321

IX-22 Depreciation, depletion and amortizationManagement $7,539$7,539

IX-23 InsuranceManagement $7,049$7,049

IX-24 Other expenses (24a–d)Programs $5,509 · Management $59,837$65,346

IX-24e All other expensesPrograms $1,859 · Management $1,257$3,116

IX-25 Total functional expensesPrograms $8,936 · Management $143,706 · Fundraising $0$152,642

Part X · Balance sheet $271,476 assets, 9 lines filed

X-1 Cash, non-interest-bearingStart of year $15,570$5,783

X-10c Land, buildings and equipment, netStart of year $273,232$265,693

X-16 Total assetsStart of year $292,804$271,476

X-17 Accounts payable and accrued expensesStart of year $465$1,081

X-24 Unsecured notes and loans payable$20,000

X-26 Total liabilitiesStart of year $198,544$215,021

X-27 Net assets without donor restrictionsStart of year $94,260$56,455

X-32 Total net assets or fund balancesStart of year $94,260$56,455

X-33 Total liabilities and net assetsStart of year $292,804$271,476

Part XI · Reconciliation of net assets $56,455 net assets at year end

XI-1 Total revenue$114,837

XI-2 Total expenses$152,642

XI-3 Revenue less expenses−$37,805

XI-4 Net assets at start of year$94,260

XI-10 Net assets at end of year$56,455

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

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Bluseed Studios INC FY2023 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Bluseed Studios INC

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV