Artsmart FY2024 filing

Claim this org

(tell your story, add context, and more) Claim it free, then get the verified mark for $500 a year.

How does your 990 look to donors? Take the 10-Question Audit

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, FY2024. 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.
68¢ of each $1 spent went to programs.
$53K 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

FY2024 · 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
68%
of spending
68% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$53K
to officers and key staff · 6% of spending
Pay to officers and key staff is 6% of spending.
Part VII, Section A
3.1 mo
of spending, in cash
3.1 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
$150K
66% of total assets
Liabilities are 66% of assets.
Pt X · Ln 26
Independent board members
13
of 13 voting members
13 of 13 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$889K
+15% vs prior year
Spent
$883K
To programs
68%
Net assets
$79K
By yearFY2020–FY2025
Revenue
$889K
FY2024▲ +15%
Tap a bar for its year
Revenue by fiscal year
FY2020$398K
FY2021$431K
FY2022$527K
FY2023$771K
FY2024$889K
FY2025$986K
Expenses
$883K
FY2024▲ +19%
Tap a bar for its year
Expenses by fiscal year
FY2020$434K
FY2021$383K
FY2022$528K
FY2023$743K
FY2024$883K
FY2025$958K
Net assets
$79K
FY2024▲ +8%
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 FY2024 Form 990 (year ending July 2024) · figures checked against the IRS filing · see the original

You’re viewing the FY2024 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

68 cents of each dollar spent went to programs.

Program services 68% · $599K Management & general 11% · $98K Fundraising 21% · $186K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

13 people listed on the 990; $53K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Treasurer
$35,000Pt 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

Programs and updates

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

Questions for Artsmart

Tap to ask. Artsmart sees how many people are interested.

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

1 program · $599K · in their own filed words · FY2023
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, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 81-1536431) · Dispute this line
$599Kprogram 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 FY2024 990, line by line.

1The main four
Money inPt VIII
$889K
Ln 12
Gifts and grantsLn 1h$877K
Other incomeLn 4–11$8K
Investment incomeLn 3$4K
Money outPt IX
$883K
Ln 25
Programscol B$599K
Managementcol C$98K
Fundraisingcol D$186K
Owns and owesPt X
$79K
net assets · Ln 32
Cash and savingsLn 1–2$229K
Total assetsLn 16$229K
LiabilitiesLn 26$150K
PeoplePt VI, VII
13
listed · VII A
PaidVII A2
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$877K
Noncash giftsLn 1g$99K
Investment incomeLn 3$4K
Other incomeLn 4–11$8K
Total revenueLn 12$889K
Assets in detailPt X, end of year
CashLn 1$130K
SavingsLn 2$99K
Cash and savings togetherLn 1–2$229K
Total assetsLn 16$229K
LiabilitiesLn 26$150K
Net assetsLn 32$79K
OperationsPt I, VI
EmployeesI 58
Fiscal year endsHeaderJuly
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$99K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$227K$229K
Total assetsLn 16$227K$229K
LiabilitiesLn 26$155K$150K
Net assetsLn 32$73K$79K
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$277K$126K$54K$97K
Other employee benefitsLn 9$10K$6K$913$4K
Payroll taxesLn 10$23K$10K$5K$8K
Accounting feesLn 11c$9K$25$9K
Other fees for servicesLn 11g$511K$438K$19K$54K
Office expensesLn 13$2K$799$127$1K
Information technologyLn 14$17K$2K$6K$10K
OccupancyLn 16$1K$1K
TravelLn 17$4K$4K
Conferences, conventions and meetingsLn 19$81$81
InterestLn 20$8K$8K
InsuranceLn 23$12K$8K$3K$989
Other expenses (24a–d)Ln 24$9K$667$2K$7K
All other expensesLn 24e$220$91$129
Total functional expensesLn 25$883K$599K$98K$186K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Jun 16, 2026 $986K$958K$27K$106K 990 PDF
FY2024 ViewingFiled 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
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 FY2024 990
Part I · Summary $888,869 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $728,536$876,893
I-9 Program service revenue$0
I-10 Investment incomePrior year $484$4,405
I-11 Other revenuePrior year $41,768$7,571
I-12 Total revenuePrior year $770,788$888,869
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $164,260$309,320
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $578,453$573,538
I-18 Total expensesPrior year $742,713$882,858
I-19 Revenue less expensesPrior year $28,075$6,011
Part VI · Governance 13 of 13 board members independent, 2 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $888,869 across 6 lines filed
VIII-1f All other contributions, gifts and grants$876,893
VIII-1g Noncash contributions (included above)$99,337
VIII-1h Total contributions, gifts and grants$876,893
VIII-3 Investment incomeExcluded from tax $4,405$4,405
VIII-8 Net income from fundraising eventsExcluded from tax $7,571$7,571
VIII-12 Total revenueExcluded from tax $11,976$888,869
Part IX · Statement of functional expenses $882,858 across 14 lines filed
IX-7 Other salaries and wagesPrograms $125,770 · Management $54,008 · Fundraising $96,802$276,580
IX-9 Other employee benefitsPrograms $5,531 · Management $913 · Fundraising $3,662$10,106
IX-10 Payroll taxesPrograms $9,672 · Management $4,669 · Fundraising $8,293$22,634
IX-11c Accounting feesPrograms $25 · Management $8,597$8,622
IX-11g Other fees for servicesPrograms $438,475 · Management $19,033 · Fundraising $53,743$511,251
IX-13 Office expensesPrograms $799 · Management $127 · Fundraising $1,457$2,383
IX-14 Information technologyPrograms $1,923 · Management $5,802 · Fundraising $9,679$17,404
IX-16 OccupancyManagement $1,080$1,080
IX-17 TravelFundraising $3,796$3,796
IX-19 Conferences, conventions and meetingsFundraising $81$81
IX-20 InterestPrograms $7,680$7,680
IX-23 InsurancePrograms $7,959 · Management $2,679 · Fundraising $989$11,627
IX-24 Other expenses (24a–d)Programs $667 · Management $1,556 · Fundraising $7,171$9,394
IX-24e All other expensesPrograms $91 · Fundraising $129$220
IX-25 Total functional expensesPrograms $598,592 · Management $98,464 · Fundraising $185,802$882,858
Part X · Balance sheet $228,788 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $129,711$129,656
X-2 Savings and temporary cash investmentsStart of year $97,531$99,132
X-16 Total assetsStart of year $227,242$228,788
X-23 Secured mortgages and notes payableStart of year $149,700$149,700
X-25 Other liabilitiesStart of year $3,090$366
X-26 Total liabilitiesStart of year $154,531$150,066
X-27 Net assets without donor restrictionsStart of year −$80,240−$32,580
X-28 Net assets with donor restrictionsStart of year $152,951$111,302
X-32 Total net assets or fund balancesStart of year $72,711$78,722
X-33 Total liabilities and net assetsStart of year $227,242$228,788
Part XI · Reconciliation of net assets $78,722 net assets at year end
XI-1 Total revenue$888,869
XI-2 Total expenses$882,858
XI-3 Revenue less expenses$6,011
XI-4 Net assets at start of year$72,711
XI-10 Net assets at end of year$78,722

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

The names, titles, and financial information shown on this page are reproduced from IRS Form 990 filings, which are public records. More

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown. A filing can only be corrected by the organization filing an amended return with the IRS; the corrected information appears here at our next update.

We publish only information contained in the public IRS filing, and less than the filing contains. Our pages do not display home addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, contact the filing organization or the IRS directly.

All figures come from public IRS Form 990 filings. Comparisons are computed from the filing against similar orgs. They are not a rating.