Visart INC FY2020 filing

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Visart seeks to promote and further knowledge, appreciation and talent with respect to the film, video and digital video media arts and champion their indispensable role in our shared culture.

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
$26K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 6
filings with a surplus
Average deficit $26K a year · 9% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$26K
to officers and key staff · 12% of spending
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
Pt VII · Sec A
<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
2
named funders · $54K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$25K
11% of total assets
Looks good: liabilities are 11% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$178K
Spent
$216K
To programs
84%
Net assets
$200K
By yearFY2020–FY2025
Revenue
$178K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$178K
FY2021$59K
FY2022$178K
FY2023$380K
FY2024$401K
FY2025$499K
Expenses
$216K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$216K
FY2021$122K
FY2022$217K
FY2023$364K
FY2024$410K
FY2025$523K
Net assets
$200K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$200K
FY2021$137K
FY2022$77K
FY2023$93K
FY2024$84K
FY2025$60K

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 2020.

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

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $181K Management & general 16% · $35K

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

8 people listed on the 990; $26K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Executive Di
$26,000Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Gina Stewart’s $49K as Executive Director is at the 43rd percentile of top reported officer pay among 2216 $100K–1M 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.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2021FY2020
Gina Stewart$48,893$39,224$39,224$26,000$26,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Visart INC executive salaries →

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 15aYes

Programs and updates

Promotes film, video, and digital media arts, fostering appreciation and talent for their cultural importance.

Questions for Visart INC

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1 program · $181K · in their own filed words · FY2019
01

To promote knowledge, appreciation and talent with respect to the film, video and digital video media arts.

$181Kprogram 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 · FY2024
Total grants receivedfrom 2 funders$54K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$178K
Ln 12
Gifts and grantsLn 1h$119K
Other incomeLn 4–11$57K
Fees for servicesLn 2g$2K
Money outPt IX
$216K
Ln 25
Programscol B$181K
Managementcol C$35K
Owns and owesPt X
$200K
net assets · Ln 32
Cash and savingsLn 1–2−$2K
Total assetsLn 16$225K
LiabilitiesLn 26$25K
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$119K
Fees for servicesLn 2g$2K
Other incomeLn 4–11$57K
Total revenueLn 12$178K
Assets in detailPt X, end of year
CashLn 1−$2K
Cash and savings togetherLn 1–2−$2K
Land, buildings, equipmentLn 10c$6K
Total assetsLn 16$225K
LiabilitiesLn 26$25K
Net assetsLn 32$200K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$2K−$2K
Land, buildings, equipmentLn 10c$9K$6K
Total assetsLn 16$248K$225K
LiabilitiesLn 26$11K$25K
Net assetsLn 32$238K$200K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$69K$69K
Payroll taxesLn 10$18K$18K
Accounting feesLn 11c$5K$5K
Office expensesLn 13$542$542
OccupancyLn 16$68K$68K
InterestLn 20$1K$1K
Depreciation, depletion and amortizationLn 22$19K$19K
Other expenses (24a–d)Ln 24$23K$11K$12K
All other expensesLn 24e$11K$9K$3K
Total functional expensesLn 25$216K$181K$35K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 13, 2026 $499K$523K−$23K$60K 990 PDF
FY2024Filed with the IRS Nov 15, 2024 $401K$410K−$9K$84K 990 PDF
FY2023Filed with the IRS Aug 28, 2024 $380K$364K$16K$93K 990 PDF
FY2022 $178K$217K−$40K$77K 990 PDF
FY2021Filed with the IRS May 16, 2022 $59K$122K−$63K$137K 990 PDF
FY2020 ViewingFiled with the IRS May 17, 2021 $178K$216K−$37K$200K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $178,282 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $258,014$119,134
I-9 Program service revenuePrior year $65,764$2,341
I-10 Investment income$0
I-11 Other revenuePrior year $37,364$56,807
I-12 Total revenuePrior year $361,142$178,282
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $47,219$87,343
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $76,240$128,303
I-18 Total expensesPrior year $123,459$215,646
I-19 Revenue less expensesPrior year $237,683−$37,364
Part VI · Governance 7 of 7 board members independent, 1 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $178,282 across 5 lines filed
Lines not itemized here account for $7,543 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$119,134
VIII-1h Total contributions, gifts and grants$119,134
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,341$2,341
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $8,848 · Unrelated business $40,416$49,264
VIII-12 Total revenueRelated to mission $13,631 · Unrelated business $45,517$178,282
Part IX · Statement of functional expenses $215,646 across 9 lines filed
IX-7 Other salaries and wagesPrograms $69,016$69,016
IX-10 Payroll taxesManagement $18,327$18,327
IX-11c Accounting feesPrograms $5,405$5,405
IX-13 Office expensesManagement $542$542
IX-16 OccupancyPrograms $67,664$67,664
IX-20 InterestManagement $1,317$1,317
IX-22 Depreciation, depletion and amortizationPrograms $19,408$19,408
IX-24 Other expenses (24a–d)Programs $10,662 · Management $11,846$22,508
IX-24e All other expensesPrograms $8,675 · Management $2,784$11,459
IX-25 Total functional expensesPrograms $180,830 · Management $34,816 · Fundraising $0$215,646
Part X · Balance sheet $225,074 assets, 11 lines filed
Asset lines not itemized here account for $6,615; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $2,207−$1,660
X-4 Accounts receivableStart of year $120$141
X-9 Prepaid expenses and deferred chargesStart of year $3,398$3,398
X-10c Land, buildings and equipment, netStart of year $8,571$6,122
X-14 Intangible assetsStart of year $227,417$210,458
X-16 Total assetsStart of year $248,328$225,074
X-25 Other liabilitiesStart of year $10,645$24,755
X-26 Total liabilitiesStart of year $10,645$24,755
X-27 Net assets without donor restrictionsStart of year $237,683$200,319
X-32 Total net assets or fund balancesStart of year $237,683$200,319
X-33 Total liabilities and net assetsStart of year $248,328$225,074
Part XI · Reconciliation of net assets $200,319 net assets at year end
XI-1 Total revenue$178,282
XI-2 Total expenses$215,646
XI-3 Revenue less expenses−$37,364
XI-4 Net assets at start of year$237,683
XI-10 Net assets at end of year$200,319

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

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