Artsmart FY2022 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, FY2022. 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.
$44K 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

FY2022 · 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
Pay to officers and key staff
$44K
to officers and key staff · 8% of spending
Pay to officers and key staff is 8% of spending.
Part VII, Section A
4.5 mo
of spending, in cash
4.5 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
$151K
77% of total assets
Liabilities are 77% of assets.
Pt X · Ln 26
Independent board members
10
of 10 voting members
10 of 10 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$527K
+22% vs prior year
Spent
$528K
To programs
72%
Net assets
$45K
By yearFY2020–FY2025
Revenue
$527K
FY2022▲ +22%
Tap a bar for its year
Revenue by fiscal year
FY2020$398K
FY2021$431K
FY2022$527K
FY2023$771K
FY2024$889K
FY2025$986K
Expenses
$528K
FY2022▲ +38%
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
FY2022▼ -0.9%
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 FY2022 Form 990 (year ending July 2022) · figures checked against the IRS filing · see the original

You’re viewing the FY2022 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% · $380K Management & general 9% · $48K Fundraising 19% · $100K

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

10 people listed on the 990; $44K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
Treasurer
$26,204Pt VII · Sec A
Secretary
$18,000Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Exec. Direct
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
$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 2Yes
  • 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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1 program · $380K · in their own filed words · FY2021
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, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 81-1536431) · Dispute this line
$380Kprogram 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 FY2022 990, line by line.

1The main four
Money inPt VIII
$527K
Ln 12
Gifts and grantsLn 1h$527K
Investment incomeLn 3$22
Money outPt IX
$528K
Ln 25
Programscol B$380K
Managementcol C$48K
Fundraisingcol D$100K
Owns and owesPt X
$45K
net assets · Ln 32
Cash and savingsLn 1–2$196K
Total assetsLn 16$196K
LiabilitiesLn 26$151K
PeoplePt VI, VII
10
listed · VII A
PaidVII A2
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$527K
Investment incomeLn 3$22
Total revenueLn 12$527K
Assets in detailPt X, end of year
CashLn 1$196K
Cash and savings togetherLn 1–2$196K
Total assetsLn 16$196K
LiabilitiesLn 26$151K
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 FY22End FY22
Cash and savingsLn 1–2$211K$196K
Total assetsLn 16$211K$196K
LiabilitiesLn 26$166K$151K
Net assetsLn 32$45K$45K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$152K$108K$15K$28K
Other employee benefitsLn 9$2K$2K$241$459
Payroll taxesLn 10$15K$10K$1K$3K
Accounting feesLn 11c$15K$25$15K
Other fees for servicesLn 11g$310K$238K$13K$59K
Office expensesLn 13$156$39$78$39
Information technologyLn 14$4K$2K$338$2K
OccupancyLn 16$480$480
TravelLn 17$1K$1K
Conferences, conventions and meetingsLn 19$2K$2K
InsuranceLn 23$9K$7K$2K$570
Other expenses (24a–d)Ln 24$17K$13K$432$3K
All other expensesLn 24e$1K$91$889$230
Total functional expensesLn 25$528K$380K$48K$100K

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
FY2022 ViewingFiled 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
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 FY2022 990
Part I · Summary $527,326 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $430,951$527,304
I-9 Program service revenue$0
I-10 Investment incomePrior year $75$22
I-11 Other revenue$0
I-12 Total revenuePrior year $431,026$527,326
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $119,462$168,541
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $263,371$359,190
I-18 Total expensesPrior year $382,833$527,731
I-19 Revenue less expensesPrior year $48,193−$405
Part VI · Governance 10 of 10 board members independent, 4 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $527,326 across 4 lines filed
VIII-1f All other contributions, gifts and grants$527,304
VIII-1h Total contributions, gifts and grants$527,304
VIII-3 Investment incomeExcluded from tax $22$22
VIII-12 Total revenueExcluded from tax $22$527,326
Part IX · Statement of functional expenses $527,731 across 13 lines filed
IX-7 Other salaries and wagesPrograms $107,972 · Management $15,127 · Fundraising $28,470$151,569
IX-9 Other employee benefitsPrograms $1,714 · Management $241 · Fundraising $459$2,414
IX-10 Payroll taxesPrograms $10,336 · Management $1,456 · Fundraising $2,766$14,558
IX-11c Accounting feesPrograms $25 · Management $14,613$14,638
IX-11g Other fees for servicesPrograms $237,779 · Management $12,791 · Fundraising $59,331$309,901
IX-13 Office expensesPrograms $39 · Management $78 · Fundraising $39$156
IX-14 Information technologyPrograms $1,615 · Management $338 · Fundraising $1,658$3,611
IX-16 OccupancyManagement $480$480
IX-17 TravelFundraising $1,153$1,153
IX-19 Conferences, conventions and meetingsFundraising $1,740$1,740
IX-23 InsurancePrograms $6,897 · Management $1,889 · Fundraising $570$9,356
IX-24 Other expenses (24a–d)Programs $13,403 · Management $432 · Fundraising $3,110$16,945
IX-24e All other expensesPrograms $91 · Management $889 · Fundraising $230$1,210
IX-25 Total functional expensesPrograms $379,871 · Management $48,334 · Fundraising $99,526$527,731
Part X · Balance sheet $196,077 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $211,239$196,077
X-16 Total assetsStart of year $211,239$196,077
X-22 Loans from officers and insidersStart of year $1,741$1,741
X-23 Secured mortgages and notes payableStart of year $164,457$149,700
X-26 Total liabilitiesStart of year $166,198$151,441
X-27 Net assets without donor restrictionsStart of year $42,291$18,841
X-28 Net assets with donor restrictionsStart of year $2,750$25,795
X-32 Total net assets or fund balancesStart of year $45,041$44,636
X-33 Total liabilities and net assetsStart of year $211,239$196,077
Part XI · Reconciliation of net assets $44,636 net assets at year end
XI-1 Total revenue$527,326
XI-2 Total expenses$527,731
XI-3 Revenue less expenses−$405
XI-4 Net assets at start of year$45,041
XI-10 Net assets at end of year$44,636

Form 990 e-file FY2022 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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