Various Artists Foundation INC: Nonprofit Profile, Financials & Form 990 (EIN 83-1121278)

Revenue by fiscal year
FY2022	$46K
FY2023	$24K
FY2024	$50K
FY2025	$47K

Expenses by fiscal year
FY2022	$46K
FY2023	$22K
FY2024	$47K
FY2025	$45K

Net assets by fiscal year
FY2022	$0
FY2023	$2K
FY2024	$5K
FY2025	$6K

Is it real?

Yes. Exemption reinstated (2021-05-15). Per the IRS revocation list. Latest filing on record: FY2025. IRS ruling in Mar 2022.

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

Where the money goes

100 cents of each dollar spent went to programs.

100%

Program services 100% · $45K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

1 person listed on the 990.

Part VII, Section A · reportable compensation

Omar McClinton

President

$0Pt VII · Sec A

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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

Supports and promotes charitable, educational film, cinema, and television arts.

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Provided by the organization

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1 program · $45K · in their own filed words · FY2025

01

Distributed individuality grants to aspiring filmmakers.

$45Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking

Grants paid · 2 grants · $42K · 2022–2023

Unitemized GrantFY2023$21,678

Unitemized GrantFY2022$20,000

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$47K

Ln 12

Fees for servicesLn 2g$45K

Gifts and grantsLn 1h$2K

Money outPt IX

$45K

Ln 25

Programscol B$45K

Owns and owesPt X

$6K

net assets · Ln 32

Cash and savingsLn 1–2$6K

Total assetsLn 16$6K

LiabilitiesLn 26$0

PeoplePt VI, VII

1

listed · VII A

PaidVII A0

Voting boardVI 1a1

IndependentVI 1b1

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$2K

Fundraising eventsLn 1c$2K

Fees for servicesLn 2g$45K

Total revenueLn 12$47K

Assets in detailPt X, end of year

CashLn 1$6K

Cash and savings togetherLn 1–2$6K

Total assetsLn 16$6K

LiabilitiesLn 26$0

Net assetsLn 32$6K

OperationsPt I, VI

EmployeesI 50

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

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

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$5K	$6K
Total assetsLn 16	$5K	$6K
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$5K	$6K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic individualsLn 2	$21K	$21K
Accounting feesLn 11c	$450	$450
Other fees for servicesLn 11g	$635	$635
Advertising and promotionLn 12	$6K	$6K
Office expensesLn 13	$4K	$4K
Information technologyLn 14	$3K	$3K
Conferences, conventions and meetingsLn 19	$9K	$9K
Other expenses (24a–d)Ln 24	$1K	$1K
Total functional expensesLn 25	$45K	$45K	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$47K	$45K	$2K	$6K	990 PDF
FY2024	$50K	$47K	$3K	$5K	990 PDF
FY2023	$24K	$22K	$2K	$2K	990 PDF
FY2022	$46K	$46K	$0	$0	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 FY2025 990 (6 parts)

Part I · Summary $46,784 revenue, 12 lines filed

I-8 Contributions and grants$1,576

I-9 Program service revenue$45,208

I-10 Investment income$0

I-11 Other revenue$0

I-12 Total revenue$46,784

I-13 Grants and similar amounts paid$21,156

I-14 Benefits paid to members$0

I-15 Salaries and benefits$0

I-16a Professional fundraising fees$0

I-17 Other expenses$24,052

I-18 Total expenses$45,208

I-19 Revenue less expenses$1,576

Part VI · Governance 1 of 1 board members independent, 2 to look at

VI-1a Voting members of the governing body1

VI-1b Independent voting members1

VI-12a Written conflict of interest policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $46,784 across 5 lines filed

VIII-1c Fundraising events$1,576

VIII-1h Total contributions, gifts and grants$1,576

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $45,208$45,208

VIII-8 Net income from fundraising events$0

VIII-12 Total revenueRelated to mission $45,208 · Unrelated business $0 · Excluded from tax $0$46,784

Part IX · Statement of functional expenses $45,208 across 8 lines filed

IX-2 Grants to domestic individualsPrograms $21,156$21,156

IX-11c Accounting feesPrograms $450$450

IX-11g Other fees for servicesPrograms $635$635

IX-12 Advertising and promotionPrograms $5,500$5,500

IX-13 Office expensesPrograms $4,149$4,149

IX-14 Information technologyPrograms $3,122$3,122

IX-19 Conferences, conventions and meetingsPrograms $8,735$8,735

IX-24 Other expenses (24a–d)Programs $1,461$1,461

IX-25 Total functional expensesPrograms $45,208 · Management $0 · Fundraising $0$45,208

Part X · Balance sheet $6,463 assets, 6 lines filed

X-1 Cash, non-interest-bearingStart of year $4,887$6,463

X-16 Total assetsStart of year $4,887$6,463

X-26 Total liabilitiesStart of year $0$0

X-27 Net assets without donor restrictionsStart of year $4,887$6,463

X-32 Total net assets or fund balancesStart of year $4,887$6,463

X-33 Total liabilities and net assetsStart of year $4,887$6,463

Part XI · Reconciliation of net assets $6,463 net assets at year end

XI-1 Total revenue$46,784

XI-2 Total expenses$45,208

XI-3 Revenue less expenses$1,576

XI-4 Net assets at start of year$4,887

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$6,463

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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