Glade Arts Foundation: Nonprofit Profile, Financials & Form 990 (EIN 82-1089324)

Revenue by fiscal year
FY2020	$51K
FY2021	$260K

Expenses by fiscal year
FY2020	$146K
FY2021	$108K

Net assets by fiscal year
FY2020	−$61K
FY2021	$102K

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2021.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

3 cents of each dollar spent went to programs.

97%

Program services 3% · $3K Management & general 97% · $104K

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

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation

Jo Lynne Beverly

Board Member

$0Pt VII · Sec A

Lisa Harra

President

$0Pt VII · Sec A

Sholpan Jukatayeva

Treasurer

$0Pt VII · Sec A

Iain Macdonald

Director

$0Pt VII · Sec A

Dragos Tapu

VP of Arts P

$0Pt VII · Sec A

See Glade Arts Foundation executive salaries →

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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

Programs and updates

Offers accessible fine arts experiences through education, scholarships, public art, and exhibits.

Provided by the organization

This section is blank until Glade Arts Foundation claims this page.

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1 program service account for $3K of program spending, described in the organization's own filed words · FY2021.

01

Public programs. Rotational art exhibits on display at the foundation

$3Kprogram expense

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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 · FY2023

Amazonsmile FoundationFY2023$16

Total grants receivedfrom 1 funder$16

By the numbers

The FY2021 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$260K

Ln 12

Other incomeLn 4–11$248K

Gifts and grantsLn 1h$12K

Money outPt IX

$108K

Ln 25

Programscol B$3K

Managementcol C$104K

Owns and owesPt X

$102K

net assets · Ln 32

Cash and savingsLn 1–2$4K

Total assetsLn 16$458K

LiabilitiesLn 26$356K

PeoplePt VI, VII

5

listed · VII A

PaidVII A0

Voting boardVI 1a2

IndependentVI 1b2

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$12K

Other incomeLn 4–11$248K

Total revenueLn 12$260K

Assets in detailPt X, end of year

CashLn 1$4K

Cash and savings togetherLn 1–2$4K

Land, buildings, equipmentLn 10c$393K

Other assetsLn 15$61K

Total assetsLn 16$458K

LiabilitiesLn 26$356K

Net assetsLn 32$102K

OperationsPt I, VI

EmployeesI 50

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY21	End FY21
Cash and savingsLn 1–2	$2K	$4K
Land, buildings, equipmentLn 10c	$387K	$393K
Total assetsLn 16	$449K	$458K
LiabilitiesLn 26	$510K	$356K
Net assetsLn 32	−$61K	$102K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Legal feesLn 11b	$5K		$5K
Accounting feesLn 11c	$4K		$4K
Other fees for servicesLn 11g	$10K	$2K	$8K
Advertising and promotionLn 12	$562		$562
Office expensesLn 13	$16K		$16K
TravelLn 17	$86		$86
Depreciation, depletion and amortizationLn 22	$70K		$70K
InsuranceLn 23	$965		$965
Other expenses (24a–d)Ln 24	$2K	$1K	$1K
Total functional expensesLn 25	$108K	$3K	$104K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2021 Latest Viewing	$260K	$108K	$153K	$102K	990 PDF
FY2020	$51K	$146K	−$95K	−$61K	990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

See the full FY2021 990 (4 parts)

Part VIII · Statement of revenue $260,313 across 4 lines filed

VIII-1f All other contributions, gifts and grants$12,000

VIII-1h Total contributions, gifts and grants$12,000

VIII-6 Net rental income or lossExcluded from tax $248,313$248,313

VIII-12 Total revenueExcluded from tax $248,313$260,313

Part IX · Statement of functional expenses $107,802 across 9 lines filed

IX-11b Legal feesManagement $5,000$5,000

IX-11c Accounting feesManagement $3,578$3,578

IX-11g Other fees for servicesPrograms $2,268 · Management $7,516$9,784

IX-12 Advertising and promotionManagement $562$562

IX-13 Office expensesManagement $15,690$15,690

IX-17 TravelManagement $86$86

IX-22 Depreciation, depletion and amortizationManagement $69,884$69,884

IX-23 InsuranceManagement $965$965

IX-24 Other expenses (24a–d)Programs $1,041 · Management $1,212$2,253

IX-25 Total functional expensesPrograms $3,309 · Management $104,493 · Fundraising $0$107,802

Part X · Balance sheet $457,817 assets, 10 lines filed

X-1 Cash, non-interest-bearingStart of year $1,581$3,846

X-10c Land, buildings and equipment, netStart of year $386,724$393,378

X-15 Other assetsStart of year $60,593$60,593

X-16 Total assetsStart of year $448,898$457,817

X-17 Accounts payable and accrued expensesStart of year $20,286$17,819

X-25 Other liabilitiesStart of year $380,874$337,948

X-26 Total liabilitiesStart of year $509,630$355,767

X-27 Net assets without donor restrictionsStart of year −$60,732$102,050

X-32 Total net assets or fund balancesStart of year −$60,732$102,050

X-33 Total liabilities and net assetsStart of year $448,898$457,817

Part XI · Reconciliation of net assets $102,050 net assets at year end

XI-1 Total revenue$260,313

XI-2 Total expenses$107,802

XI-3 Revenue less expenses$152,511

XI-4 Net assets at start of year−$60,732

XI-9 Other changes in net assets$10,271

XI-10 Net assets at end of year$102,050

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

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Glade Arts Foundation

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV