Goodyear Arts INC

Tax-deductible

Charlotte, NC501(c)(3)Arts & CultureEIN 82-1291043

Goodyear arts is an arts space that provides paid studio residencies to local artists and free innovative arts programming for charlotte audiences.

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Run by 40 volunteers and 2 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
7 mo
of spending, in cash
Looks good: 6.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $131K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
16
of 16 voting members
Looks good: 16 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$299K
+74% vs prior year
Spent
$273K
To programs
99%
Net assets
$155K
By yearFY2021–FY2024
Revenue
$299K
FY2024▲ +74%
Revenue by fiscal year
FY2021$98K
FY2023$172K
FY2024$299K
Net assets
$155K
FY2024▲ +20%
Net assets by fiscal year
FY2021$147K
FY2023$129K
FY2024$155K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2017.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $270K Management & general 1% · $4K

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

Who runs it and what they're paid

16 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice-Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
See Goodyear Arts INC 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 paid artist residencies and free arts programs to the public.

Provided by the organization

This section is blank until Goodyear Arts INC claims this page.

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3 program services account for $270K of program spending, described in the organization's own filed words · FY2024.
01

Public programs based in the arts highlighting visual, literary and performing art works of various local artists

$193Kprogram expense
02

Providing a limited number of paid studio residencies, materials and EXHIBIT/PERFORMANCE space for local artists

$51Kprogram expense
03

Providing free ongoing STUDIO/REHEARSAL/PROJECT space and support for other local artists not in the residency program

$26Kprogram 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 · FY2024
See all 3 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$299K
Ln 12
Gifts and grantsLn 1h$295K
Other incomeLn 4–11$4K
Investment incomeLn 3$45
Money outPt IX
$273K
Ln 25
Programscol B$270K
Managementcol C$4K
Owns and owesPt X
$155K
net assets · Ln 32
Cash and savingsLn 1–2$155K
Total assetsLn 16$155K
LiabilitiesLn 26$0
PeoplePt VI, VII
16
listed · VII A
PaidVII A0
Voting boardVI 1a16
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$295K
Government grantsLn 1e$39K
Investment incomeLn 3$45
Other incomeLn 4–11$4K
Total revenueLn 12$299K
Assets in detailPt X, end of year
CashLn 1$155K
Cash and savings togetherLn 1–2$155K
Total assetsLn 16$155K
LiabilitiesLn 26$0
Net assetsLn 32$155K
OperationsPt I, VI
EmployeesI 52
VolunteersI 640
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$129K$155K
Total assetsLn 16$129K$155K
LiabilitiesLn 26$0$0
Net assetsLn 32$129K$155K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$17K$13K$3K
Payroll taxesLn 10$1K$1K$253
Other fees for servicesLn 11g$143K$143K
Advertising and promotionLn 12$696$696
OccupancyLn 16$21K$21K
TravelLn 17$545$545
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$85K$85K
All other expensesLn 24e$3K$3K
Total functional expensesLn 25$273K$270K$4K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $299K$273K$26K$155K 990 PDF
FY2023 $172K$129K 990 PDF
FY2022 Not on file
FY2021 $98K$147K 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $299,061 across 6 lines filed
Lines not itemized here account for $3,806 of total revenue; see the IRS return.
VIII-1e Government grants$39,213
VIII-1f All other contributions, gifts and grants$255,997
VIII-1h Total contributions, gifts and grants$295,210
VIII-3 Investment incomeRelated to mission $45$45
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $3,851 · Unrelated business $0 · Excluded from tax $0$299,061
Part IX · Statement of functional expenses $273,415 across 9 lines filed
IX-7 Other salaries and wagesPrograms $13,248 · Management $3,312$16,560
IX-10 Payroll taxesPrograms $1,013 · Management $253$1,266
IX-11g Other fees for servicesPrograms $143,277$143,277
IX-12 Advertising and promotionPrograms $696$696
IX-16 OccupancyPrograms $20,643$20,643
IX-17 TravelPrograms $545$545
IX-23 InsurancePrograms $2,205$2,205
IX-24 Other expenses (24a–d)Programs $85,373$85,373
IX-24e All other expensesPrograms $2,850$2,850
IX-25 Total functional expensesPrograms $269,850 · Management $3,565 · Fundraising $0$273,415
Part X · Balance sheet $154,642 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $128,996$154,642
X-16 Total assetsStart of year $128,996$154,642
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $128,996$154,642
X-32 Total net assets or fund balancesStart of year $128,996$154,642
X-33 Total liabilities and net assetsStart of year $128,996$154,642
Part XI · Reconciliation of net assets $154,642 net assets at year end
XI-1 Total revenue$299,061
XI-2 Total expenses$273,415
XI-3 Revenue less expenses$25,646
XI-4 Net assets at start of year$128,996
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$154,642

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

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