Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2019.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
64 cents of each dollar spent went to programs.
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
5 people listed on the 990; $5K paid to officers and key staff.
Ellen Bush’s $5K as Treasurer is at the 28th percentile of top reported officer pay among 250 <$100K 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.
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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
Honors outstanding local artists and humanities leaders annually for their cultural contributions.
Questions for Island Treasure Foundation
Your first name shows with your question. Island Treasure Foundation answers here, for everyone.
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The island treasure awards honor excellence in the arts AND/OR humanities, and are presented annually to individuals who have made outstanding contributions in the arts and humanities or have been a leader of efforts that have benefitted our cultural community.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $39K | $27K |
| Total assetsLn 16 | $39K | $27K |
| LiabilitiesLn 26 | $3K | $2K |
| Net assetsLn 32 | $36K | $25K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic individualsLn 2 | $10K | $10K | ||
| Accounting feesLn 11c | $12K | $12K | ||
| Other fees for servicesLn 11g | $6K | $6K | $56 | |
| Office expensesLn 13 | $443 | $443 | ||
| Conferences, conventions and meetingsLn 19 | $11K | $11K | ||
| InsuranceLn 23 | $1K | $1K | ||
| Other expenses (24a–d)Ln 24 | $1K | $1K | ||
| Total functional expensesLn 25 | $42K | $27K | $15K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $31K | $42K | −$11K | $25K | 990 PDF |
| FY2024 | $24K | $58K | −$34K | $36K | 990 PDF |
| FY2023 | $79K | $14K | $66K | $69K | 990 PDF |
| FY2022 | $0 | $12K | −$12K | $4K | 990 PDF |
| FY2021 | $15K | $9K | $6K | $16K | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $30,946 revenue, 12 lines filed
Part VI · Governance 4 of 4 board members independent, 4 to look at
Part VIII · Statement of revenue $30,946 across 4 lines filed
Part IX · Statement of functional expenses $42,074 across 7 lines filed
Part X · Balance sheet $27,210 assets, 7 lines filed
Part XI · Reconciliation of net assets $24,810 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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