Artsmart FY2020 filing

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Artsmart seeks to make the world fuller, more open, and more advanced by empowering individuals to pursue their dreams in art and music. We provide high quality music lessons and inspirational performances to students who wouldn'totherwise be able to afford them.

Form 990 Part I, line 1, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 81-1536431) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
72¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $12K a year · 2% of revenue · last 6 filings
A surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
72%
of spending
72% of spending went to programs.
Pt IX · Ln 25 · col B
4.4 mo
of spending, in cash
4.4 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $256K
6 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$163K
102% of total assets
Liabilities are 102% of assets.
Pt X · Ln 26
Independent board members
6
of 6 voting members
6 of 6 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$398K
Spent
$434K
To programs
72%
Net assets
−$3K
By yearFY2020–FY2025
Revenue
$398K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$398K
FY2021$431K
FY2022$527K
FY2023$771K
FY2024$889K
FY2025$986K
Expenses
$434K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$434K
FY2021$383K
FY2022$528K
FY2023$743K
FY2024$883K
FY2025$958K
Net assets
−$3K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020−$3K
FY2021$45K
FY2022$45K
FY2023$73K
FY2024$79K
FY2025$106K

From the FY2020 Form 990 (year ending July 2020) · figures checked against the IRS filing · see the original

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 Apr 2016.

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% · $314K Management & general 5% · $21K Fundraising 23% · $99K

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
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

John Viscardi’s $36K as Treasurer is at the 30th 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 · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
John Viscardi$35,576$35,000$29,752$26,204$2,167
Liz Letak$18,000$18,000$18,000$18,000—

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 Artsmart executive salaries →

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

Provides affordable art and music lessons and performances to empower students pursuing their dreams.

Questions for Artsmart

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Your first name shows with your question. Artsmart answers here, for everyone.

1 program · $314K · in their own filed words · FY2019
01

To provide high quality music lessons and inspirational performances to students who wouldn't otherwise be able to afford them.

Form 990 Part III, line 4, FY2019. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 81-1536431) · Dispute this line
$314Kprogram 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
See all 6 funders →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$398K
Ln 12
Gifts and grantsLn 1h$397K
Other incomeLn 4–11$2K
Investment incomeLn 3$29
Money outPt IX
$434K
Ln 25
Programscol B$314K
Managementcol C$21K
Fundraisingcol D$99K
Owns and owesPt X
−$3K
net assets · Ln 32
Cash and savingsLn 1–2$159K
Total assetsLn 16$159K
LiabilitiesLn 26$163K
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$397K
Noncash giftsLn 1g$2K
Investment incomeLn 3$29
Other incomeLn 4–11$2K
Total revenueLn 12$398K
Assets in detailPt X, end of year
CashLn 1$159K
Cash and savings togetherLn 1–2$159K
Total assetsLn 16$159K
LiabilitiesLn 26$163K
Net assetsLn 32−$3K
OperationsPt I, VI
EmployeesI 58
Fiscal year endsHeaderJuly
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$38K$159K
Total assetsLn 16$38K$159K
LiabilitiesLn 26$5K$163K
Net assetsLn 32$33K−$3K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$93K$55K$39K
Other employee benefitsLn 9$7K$4K$3K
Payroll taxesLn 10$8K$5K$4K
Accounting feesLn 11c$14K$14K
Other fees for servicesLn 11g$268K$236K$4K$28K
Advertising and promotionLn 12$3K$2K$2K
Office expensesLn 13$2K$950$144$1K
Information technologyLn 14$17K$3K$150$14K
OccupancyLn 16$1K$445$925
TravelLn 17$5K$1K$4K
Conferences, conventions and meetingsLn 19$4K$380$3K
InsuranceLn 23$6K$4K$1K$60
Other expenses (24a–d)Ln 24$4K$3K$1K
All other expensesLn 24e$618$168$450
Total functional expensesLn 25$434K$314K$21K$99K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Jun 16, 2026 $986K$958K$27K$106K 990 PDF
FY2024Filed with the IRS Mar 2, 2025 $889K$883K$6K$79K 990 PDF
FY2023Filed with the IRS May 13, 2024 $771K$743K$28K$73K 990 PDF
FY2022Filed with the IRS Jun 15, 2023 $527K$528K−$405$45K 990 PDF
FY2021Filed with the IRS Oct 26, 2021 $431K$383K$48K$45K 990 PDF
FY2020 ViewingFiled with the IRS Mar 26, 2021 $398K$434K−$36K−$3K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2020 990
Part I · Summary $398,061 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $86,516$396,532
I-9 Program service revenue$0
I-10 Investment incomePrior year $25$29
I-11 Other revenue$1,500
I-12 Total revenuePrior year $86,541$398,061
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$108,644
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $185,897$325,768
I-18 Total expensesPrior year $185,897$434,412
I-19 Revenue less expensesPrior year −$99,356−$36,351
Part VI · Governance 6 of 6 board members independent, 3 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
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 $398,061 across 5 lines filed
Lines not itemized here account for $1,500 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$396,532
VIII-1g Noncash contributions (included above)$2,100
VIII-1h Total contributions, gifts and grants$396,532
VIII-3 Investment incomeExcluded from tax $29$29
VIII-12 Total revenueExcluded from tax $1,529$398,061
Part IX · Statement of functional expenses $434,412 across 14 lines filed
IX-7 Other salaries and wagesPrograms $54,508 · Fundraising $38,696$93,204
IX-9 Other employee benefitsPrograms $4,066 · Fundraising $2,885$6,951
IX-10 Payroll taxesPrograms $4,966 · Fundraising $3,523$8,489
IX-11c Accounting feesManagement $14,113$14,113
IX-11g Other fees for servicesPrograms $236,477 · Management $3,518 · Fundraising $28,357$268,352
IX-12 Advertising and promotionPrograms $1,575 · Fundraising $1,765$3,340
IX-13 Office expensesPrograms $950 · Management $144 · Fundraising $1,096$2,190
IX-14 Information technologyPrograms $2,680 · Management $150 · Fundraising $14,231$17,061
IX-16 OccupancyManagement $445 · Fundraising $925$1,370
IX-17 TravelPrograms $1,256 · Fundraising $3,647$4,903
IX-19 Conferences, conventions and meetingsPrograms $380 · Fundraising $3,262$3,642
IX-23 InsurancePrograms $4,462 · Management $1,459 · Fundraising $60$5,981
IX-24 Other expenses (24a–d)Programs $2,772 · Management $1,426$4,198
IX-24e All other expensesManagement $168 · Fundraising $450$618
IX-25 Total functional expensesPrograms $314,092 · Management $21,423 · Fundraising $98,897$434,412
Part X · Balance sheet $159,485 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $37,912$159,485
X-16 Total assetsStart of year $37,912$159,485
X-22 Loans from officers and insidersStart of year $4,712$1,741
X-23 Secured mortgages and notes payable$160,895
X-26 Total liabilitiesStart of year $4,712$162,636
X-27 Net assets without donor restrictionsStart of year $33,200−$3,151
X-32 Total net assets or fund balancesStart of year $33,200−$3,151
X-33 Total liabilities and net assetsStart of year $37,912$159,485
Part XI · Reconciliation of net assets −$3,151 net assets at year end
XI-1 Total revenue$398,061
XI-2 Total expenses$434,412
XI-3 Revenue less expenses−$36,351
XI-4 Net assets at start of year$33,200
XI-10 Net assets at end of year−$3,151

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

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