Artsmart FY2023 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, FY2023. 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.
62¢ of each $1 spent went to programs.
$48K 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

FY2023 · 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
62%
of spending
62% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$48K
to officers and key staff · 6% of spending
Pay to officers and key staff is 6% of spending.
Part VII, Section A
3.7 mo
of spending, in cash
3.7 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
$155K
68% of total assets
Liabilities are 68% of assets.
Pt X · Ln 26
Independent board members
12
of 12 voting members
12 of 12 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$771K
+46% vs prior year
Spent
$743K
To programs
62%
Net assets
$73K
By yearFY2020–FY2025
Revenue
$771K
FY2023▲ +46%
Tap a bar for its year
Revenue by fiscal year
FY2020$398K
FY2021$431K
FY2022$527K
FY2023$771K
FY2024$889K
FY2025$986K
Expenses
$743K
FY2023▲ +41%
Tap a bar for its year
Expenses by fiscal year
FY2020$434K
FY2021$383K
FY2022$528K
FY2023$743K
FY2024$883K
FY2025$958K
Net assets
$73K
FY2023▲ +63%
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 FY2023 Form 990 (year ending July 2023) · figures checked against the IRS filing · see the original

You’re viewing the FY2023 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

62 cents of each dollar spent went to programs.

Program services 62% · $462K Management & general 8% · $62K Fundraising 29% · $219K

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

12 people listed on the 990; $48K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Treasurer
$29,752Pt VII · Sec A
Secretary
$18,000Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt 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

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.

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1 program · $462K · in their own filed words · FY2022
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, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 81-1536431) · Dispute this line
$462Kprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$771K
Ln 12
Gifts and grantsLn 1h$729K
Other incomeLn 4–11$42K
Investment incomeLn 3$484
Money outPt IX
$743K
Ln 25
Programscol B$462K
Managementcol C$62K
Fundraisingcol D$219K
Owns and owesPt X
$73K
net assets · Ln 32
Cash and savingsLn 1–2$227K
Total assetsLn 16$227K
LiabilitiesLn 26$155K
PeoplePt VI, VII
12
listed · VII A
PaidVII A2
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$729K
Noncash giftsLn 1g$98K
Investment incomeLn 3$484
Other incomeLn 4–11$42K
Total revenueLn 12$771K
Assets in detailPt X, end of year
CashLn 1$130K
SavingsLn 2$98K
Cash and savings togetherLn 1–2$227K
Total assetsLn 16$227K
LiabilitiesLn 26$155K
Net assetsLn 32$73K
OperationsPt I, VI
EmployeesI 58
Fiscal year endsHeaderJuly
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3More from this return
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$98K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$196K$227K
Total assetsLn 16$196K$227K
LiabilitiesLn 26$151K$155K
Net assetsLn 32$45K$73K
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$147K$100K$17K$29K
Other employee benefitsLn 9$3K$889$61$2K
Payroll taxesLn 10$14K$10K$2K$3K
Accounting feesLn 11c$21K$21K
Other fees for servicesLn 11g$485K$320K$15K$149K
Office expensesLn 13$3K$124$2K$747
Information technologyLn 14$12K$3K$796$8K
OccupancyLn 16$530$530
TravelLn 17$6K$6K
Conferences, conventions and meetingsLn 19$285$285
InterestLn 20$6K$6K
InsuranceLn 23$11K$8K$2K$480
Other expenses (24a–d)Ln 24$33K$14K$273$19K
All other expensesLn 24e$1K$91$1K$198
Total functional expensesLn 25$743K$462K$62K$219K

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
FY2023 ViewingFiled 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
FY2020Filed with the IRS Mar 26, 2021 $398K$434K−$36K−$3K 990 PDF

Schedules filed Part IV

A · Public support I · Grants M · Noncash O · Explanations
See the full FY2023 990
Part I · Summary $770,788 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $527,304$728,536
I-9 Program service revenue$0
I-10 Investment incomePrior year $22$484
I-11 Other revenue$41,768
I-12 Total revenuePrior year $527,326$770,788
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $168,541$164,260
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $359,190$578,453
I-18 Total expensesPrior year $527,731$742,713
I-19 Revenue less expensesPrior year −$405$28,075
Part VI · Governance 12 of 12 board members independent, 4 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
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 $770,788 across 6 lines filed
VIII-1f All other contributions, gifts and grants$728,536
VIII-1g Noncash contributions (included above)$97,524
VIII-1h Total contributions, gifts and grants$728,536
VIII-3 Investment incomeExcluded from tax $484$484
VIII-8 Net income from fundraising eventsExcluded from tax $41,768$41,768
VIII-12 Total revenueExcluded from tax $42,252$770,788
Part IX · Statement of functional expenses $742,713 across 14 lines filed
IX-7 Other salaries and wagesPrograms $100,496 · Management $17,334 · Fundraising $29,163$146,993
IX-9 Other employee benefitsPrograms $889 · Management $61 · Fundraising $2,079$3,029
IX-10 Payroll taxesPrograms $9,734 · Management $1,679 · Fundraising $2,825$14,238
IX-11c Accounting feesManagement $20,525$20,525
IX-11g Other fees for servicesPrograms $320,176 · Management $15,368 · Fundraising $149,361$484,905
IX-13 Office expensesPrograms $124 · Management $1,889 · Fundraising $747$2,760
IX-14 Information technologyPrograms $2,789 · Management $796 · Fundraising $8,481$12,066
IX-16 OccupancyManagement $530$530
IX-17 TravelFundraising $6,459$6,459
IX-19 Conferences, conventions and meetingsFundraising $285$285
IX-20 InterestPrograms $5,760$5,760
IX-23 InsurancePrograms $7,959 · Management $2,384 · Fundraising $480$10,823
IX-24 Other expenses (24a–d)Programs $14,154 · Management $273 · Fundraising $18,597$33,024
IX-24e All other expensesPrograms $91 · Management $1,027 · Fundraising $198$1,316
IX-25 Total functional expensesPrograms $462,172 · Management $61,866 · Fundraising $218,675$742,713
Part X · Balance sheet $227,242 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $196,077$129,711
X-2 Savings and temporary cash investments$97,531
X-16 Total assetsStart of year $196,077$227,242
X-22 Loans from officers and insidersStart of year $1,741$1,741
X-23 Secured mortgages and notes payableStart of year $149,700$149,700
X-25 Other liabilities$3,090
X-26 Total liabilitiesStart of year $151,441$154,531
X-27 Net assets without donor restrictionsStart of year $18,841−$80,240
X-28 Net assets with donor restrictionsStart of year $25,795$152,951
X-32 Total net assets or fund balancesStart of year $44,636$72,711
X-33 Total liabilities and net assetsStart of year $196,077$227,242
Part XI · Reconciliation of net assets $72,711 net assets at year end
XI-1 Total revenue$770,788
XI-2 Total expenses$742,713
XI-3 Revenue less expenses$28,075
XI-4 Net assets at start of year$44,636
XI-10 Net assets at end of year$72,711

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

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