Artsmart FY2021 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, FY2021. 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.
77¢ of each $1 spent went to programs.
$2K 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
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
77%
of spending
77% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2K
to officers and key staff · 0.6% of spending
Pay to officers and key staff is 0.6% of spending.
Part VII, Section A
6.6 mo
of spending, in cash
6.6 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
$166K
79% of total assets
Liabilities are 79% of assets.
Pt X · Ln 26
Independent board members
8
of 8 voting members
8 of 8 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$431K
+8% vs prior year
Spent
$383K
To programs
77%
Net assets
$45K
By yearFY2020–FY2025
Revenue
$431K
FY2021▲ +8%
Tap a bar for its year
Revenue by fiscal year
FY2020$398K
FY2021$431K
FY2022$527K
FY2023$771K
FY2024$889K
FY2025$986K
Expenses
$383K
FY2021▼ -12%
Tap a bar for its year
Expenses by fiscal year
FY2020$434K
FY2021$383K
FY2022$528K
FY2023$743K
FY2024$883K
FY2025$958K
Net assets
$45K
FY2021▲ ×16
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 FY2021 Form 990 (year ending July 2021) · figures checked against the IRS filing · see the original

You’re viewing the FY2021 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

77 cents of each dollar spent went to programs.

Program services 77% · $293K Management & general 9% · $35K Fundraising 14% · $54K

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; $2K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
Treasurer
$2,167Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$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.

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1 program · $293K · in their own filed words · FY2020
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, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 81-1536431) · Dispute this line
$293Kprogram 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 FY2021 990, line by line.

1The main four
Money inPt VIII
$431K
Ln 12
Gifts and grantsLn 1h$431K
Investment incomeLn 3$75
Money outPt IX
$383K
Ln 25
Programscol B$293K
Managementcol C$35K
Fundraisingcol D$54K
Owns and owesPt X
$45K
net assets · Ln 32
Cash and savingsLn 1–2$211K
Total assetsLn 16$211K
LiabilitiesLn 26$166K
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$431K
Noncash giftsLn 1g$2K
Investment incomeLn 3$75
Total revenueLn 12$431K
Assets in detailPt X, end of year
CashLn 1$211K
Cash and savings togetherLn 1–2$211K
Total assetsLn 16$211K
LiabilitiesLn 26$166K
Net assetsLn 32$45K
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 FY21End FY21
Cash and savingsLn 1–2$159K$211K
Total assetsLn 16$159K$211K
LiabilitiesLn 26$163K$166K
Net assetsLn 32−$3K$45K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$104K$68K$8K$28K
Other employee benefitsLn 9$5K$2K$1K$2K
Payroll taxesLn 10$10K$7K$741$3K
Accounting feesLn 11c$13K$12K$800
Other fees for servicesLn 11g$230K$204K$9K$17K
Advertising and promotionLn 12$2K$2K$105$525
Office expensesLn 13$193$193
Information technologyLn 14$5K$2K$187$3K
OccupancyLn 16$520$520
InsuranceLn 23$8K$6K$2K$517
Other expenses (24a–d)Ln 24$5K$3K$2K
All other expensesLn 24e$30$30
Total functional expensesLn 25$383K$293K$35K$54K

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
FY2021 ViewingFiled with the IRS Oct 26, 2021 $431K$383K$48K$45K 990 PDF
FY2020Filed 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 FY2021 990
Part I · Summary $431,026 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $396,532$430,951
I-9 Program service revenue$0
I-10 Investment incomePrior year $29$75
I-11 Other revenuePrior year $1,500$0
I-12 Total revenuePrior year $398,061$431,026
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $108,644$119,462
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $325,768$263,371
I-18 Total expensesPrior year $434,412$382,833
I-19 Revenue less expensesPrior year −$36,351$48,193
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-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 $431,026 across 5 lines filed
VIII-1f All other contributions, gifts and grants$430,951
VIII-1g Noncash contributions (included above)$2,100
VIII-1h Total contributions, gifts and grants$430,951
VIII-3 Investment incomeExcluded from tax $75$75
VIII-12 Total revenueExcluded from tax $75$431,026
Part IX · Statement of functional expenses $382,833 across 12 lines filed
IX-7 Other salaries and wagesPrograms $68,421 · Management $7,631 · Fundraising $28,358$104,410
IX-9 Other employee benefitsPrograms $2,140 · Management $1,037 · Fundraising $1,712$4,889
IX-10 Payroll taxesPrograms $6,717 · Management $741 · Fundraising $2,705$10,163
IX-11c Accounting feesManagement $11,940 · Fundraising $800$12,740
IX-11g Other fees for servicesPrograms $203,945 · Management $8,662 · Fundraising $17,203$229,810
IX-12 Advertising and promotionPrograms $1,575 · Management $105 · Fundraising $525$2,205
IX-13 Office expensesManagement $193$193
IX-14 Information technologyPrograms $2,016 · Management $187 · Fundraising $2,664$4,867
IX-16 OccupancyManagement $520$520
IX-23 InsurancePrograms $5,969 · Management $1,708 · Fundraising $517$8,194
IX-24 Other expenses (24a–d)Programs $2,575 · Management $2,237$4,812
IX-24e All other expensesManagement $30$30
IX-25 Total functional expensesPrograms $293,358 · Management $34,991 · Fundraising $54,484$382,833
Part X · Balance sheet $211,239 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $159,484$211,239
X-16 Total assetsStart of year $159,484$211,239
X-22 Loans from officers and insidersStart of year $1,741$1,741
X-23 Secured mortgages and notes payableStart of year $160,895$164,457
X-26 Total liabilitiesStart of year $162,636$166,198
X-27 Net assets without donor restrictionsStart of year −$10,282$42,291
X-28 Net assets with donor restrictionsStart of year $7,130$2,750
X-32 Total net assets or fund balancesStart of year −$3,152$45,041
X-33 Total liabilities and net assetsStart of year $159,484$211,239
Part XI · Reconciliation of net assets $45,041 net assets at year end
XI-1 Total revenue$431,026
XI-2 Total expenses$382,833
XI-3 Revenue less expenses$48,193
XI-4 Net assets at start of year−$3,152
XI-10 Net assets at end of year$45,041

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

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