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Glade Arts Foundation FY2020 filing

IRS exemption revoked

The Woodlands, TXUnknown exempt organizationEIN 82-1089324Revenue $51K in FY2020

On file with the IRSgladeartsfoundation.org2000 Woodlands Parkway · The Woodlands, TX

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Providing a unique and accessible fine Arts experience with programs focused on art, education, scholarships, community based public art projects and curated museum-like exhibit center showcasing local and international artists and acclaimed private and public art collections.

22¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 4 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average surplus $29K a year · 18% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
22%
of spending
Concern: 22% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.1 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $16
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$510K
114% of total assets
Concern: liabilities are 114% of assets; over 80%.
Pt X · Ln 26
Independent board members
0
of 2 voting members
Concern: none of 2 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$51K
Spent
$146K
To programs
22%
Net assets
−$61K
By yearFY2020–FY2021
Revenue
$51K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$51K
FY2021$260K
Expenses
$146K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$146K
FY2021$108K
Net assets
−$61K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020−$61K
FY2021$102K

From the FY2020 Form 990 · see the original

Form 990 (PDF) Claim
IRS revoked this organization's tax-exempt status on May 15, 2025
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2021) →

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

22 cents of each dollar spent went to programs.

Program services 22% · $33K Management & general 78% · $113K

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

6 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Alex Bunch
Director
$0Pt VII · Sec A
Timothy Dunaway
Vice Preside
$0Pt VII · Sec A
Lisa Harra
Chairman
$0Pt VII · Sec A
Dragos Tapu
Vice Preside
$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 2Yes
  • 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.

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Provided by the organization

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1 program · $33K · in their own filed words · FY2020
01

Public programs. Rotational art exhibits on display at the foundation

$33Kprogram 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 · FY2023
Amazonsmile FoundationFY2023$16
Total grants receivedfrom 1 funder$16

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$51K
Ln 12
Gifts and grantsLn 1h$50K
Fees for servicesLn 2g$1K
Money outPt IX
$146K
Ln 25
Programscol B$33K
Managementcol C$113K
Owns and owesPt X
−$61K
net assets · Ln 32
Cash and savingsLn 1–2$2K
Total assetsLn 16$449K
LiabilitiesLn 26$510K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a2
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$50K
Government grantsLn 1e$1K
Fees for servicesLn 2g$1K
Total revenueLn 12$51K
Assets in detailPt X, end of year
CashLn 1$2K
Cash and savings togetherLn 1–2$2K
Land, buildings, equipmentLn 10c$387K
Other assetsLn 15$61K
Total assetsLn 16$449K
LiabilitiesLn 26$510K
Net assetsLn 32−$61K
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
LineStart FY20End FY20
Cash and savingsLn 1–2$821$2K
Land, buildings, equipmentLn 10c$442K$387K
Total assetsLn 16$504K$449K
LiabilitiesLn 26$796K$510K
Net assetsLn 32−$292K−$61K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$4K$4K
Other fees for servicesLn 11g$28K$22K$6K
Advertising and promotionLn 12$128$128
Office expensesLn 13$11K$11K
OccupancyLn 16$31K$31K
Depreciation, depletion and amortizationLn 22$56K$56K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$13K$11K$2K
All other expensesLn 24e$17$17
Total functional expensesLn 25$146K$33K$113K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest $260K$108K$153K$102K 990 PDF
FY2020 Viewing $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 FY2020 990 (6 parts)
Part I · Summary $51,149 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $162,916$49,822
I-9 Program service revenuePrior year $3,300$1,327
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $166,216$51,149
I-13 Grants and similar amounts paidPrior year $17,367$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $27,246$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $383,259$146,125
I-18 Total expensesPrior year $427,872$146,125
I-19 Revenue less expensesPrior year −$261,656−$94,976
Part VI · Governance 0 of 2 board members independent, 5 to look at
VI-1a Voting members of the governing body2
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $51,149 across 5 lines filed
VIII-1e Government grants$1,000
VIII-1f All other contributions, gifts and grants$48,822
VIII-1h Total contributions, gifts and grants$49,822
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,327$1,327
VIII-12 Total revenueRelated to mission $1,327$51,149
Part IX · Statement of functional expenses $146,125 across 9 lines filed
IX-11c Accounting feesManagement $3,830$3,830
IX-11g Other fees for servicesPrograms $21,935 · Management $6,251$28,186
IX-12 Advertising and promotionManagement $128$128
IX-13 Office expensesManagement $11,355$11,355
IX-16 OccupancyManagement $31,264$31,264
IX-22 Depreciation, depletion and amortizationManagement $55,821$55,821
IX-23 InsuranceManagement $2,708$2,708
IX-24 Other expenses (24a–d)Programs $10,856 · Management $1,960$12,816
IX-24e All other expensesManagement $17$17
IX-25 Total functional expensesPrograms $32,791 · Management $113,334 · Fundraising $0$146,125
Part X · Balance sheet $448,898 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $821$1,581
X-10c Land, buildings and equipment, netStart of year $442,210$386,724
X-15 Other assetsStart of year $60,593$60,593
X-16 Total assetsStart of year $503,624$448,898
X-17 Accounts payable and accrued expensesStart of year $19,412$20,286
X-24 Unsecured notes and loans payableStart of year $418,253$108,470
X-25 Other liabilitiesStart of year $358,100$380,874
X-26 Total liabilitiesStart of year $795,765$509,630
X-27 Net assets without donor restrictionsStart of year −$292,141−$60,732
X-32 Total net assets or fund balancesStart of year −$292,141−$60,732
X-33 Total liabilities and net assetsStart of year $503,624$448,898
Part XI · Reconciliation of net assets −$60,732 net assets at year end
XI-1 Total revenue$51,149
XI-2 Total expenses$146,125
XI-3 Revenue less expenses−$94,976
XI-4 Net assets at start of year−$292,141
XI-9 Other changes in net assets$326,385
XI-10 Net assets at end of year−$60,732

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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