The55project Art Foundation INC: Nonprofit Profile, Financials & Form 990 (EIN 83-3959403)

Revenue by fiscal year
FY2023	$106K
FY2024	$212K

Net assets by fiscal year
FY2023	−$30K
FY2024	−$34K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2021.

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

Where the money goes

91 cents of each dollar spent went to programs.

91%

Program services 91% · $194K Management & general 9% · $20K

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

Something off? Claim to add context

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation

Anna Biondo

Secretary

$0Pt VII · Sec A

Maria Fulfaro

Director

$0Pt VII · Sec A

Flavia Macuco

President

$0Pt VII · Sec A

Flavia Macuco’s $3K as President is at the 3rd 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.

See The55project Art Foundation INC executive salaries →

On this list? Claim this org

Something off? Claim to add context

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

Promotes Brazilian visual arts and culture through exhibitions, public projects, and community dialogue.

Questions for The55project Art Foundation INC

Tap to ask. The55project Art Foundation INC sees how many people are interested.

Your first name shows with your question. The55project Art Foundation INC answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $194K · in their own filed words · FY2024

01

Collective and solo exhibitions, residency program, art talks, art for kids

$194Kprogram 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

Bank of America Charitable Foundation INCFY2023$2K

Amazonsmile FoundationFY2023$11

Total grants receivedfrom 2 funders$2K

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$212K

Ln 12

Fees for servicesLn 2g$119K

Gifts and grantsLn 1h$80K

Other incomeLn 4–11$13K

Money outPt IX

$214K

Ln 25

Programscol B$194K

Managementcol C$20K

Owns and owesPt X

−$34K

net assets · Ln 32

Cash and savingsLn 1–2$7K

Total assetsLn 16$7K

LiabilitiesLn 26$41K

PeoplePt VI, VII

3

listed · VII A

PaidVII A0

Voting boardVI 1a3

IndependentVI 1b3

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$80K

Government grantsLn 1e$34K

Fees for servicesLn 2g$119K

Other incomeLn 4–11$13K

Total revenueLn 12$212K

Assets in detailPt X, end of year

CashLn 1$7K

Cash and savings togetherLn 1–2$7K

Total assetsLn 16$7K

LiabilitiesLn 26$41K

Net assetsLn 32−$34K

OperationsPt I, VI

EmployeesI 50

VolunteersI 63

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

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$8K	$7K
Total assetsLn 16	$8K	$7K
LiabilitiesLn 26	$38K	$41K
Net assetsLn 32	−$30K	−$34K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other fees for servicesLn 11g	$11K		$11K
Office expensesLn 13	$2K		$2K
OccupancyLn 16	$1K		$1K
InterestLn 20	$6K		$6K
InsuranceLn 23	$80		$80
Other expenses (24a–d)Ln 24	$176K	$176K
All other expensesLn 24e	$18K	$18K
Total functional expensesLn 25	$214K	$194K	$20K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest Viewing	$212K	$214K	−$2K	−$34K	990 PDF
FY2023	$106K			−$30K	990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2024 990 (6 parts)

Part I · Summary $212,144 revenue, 12 lines filed

I-8 Contributions and grants$80,344

I-9 Program service revenue$118,795

I-10 Investment income$0

I-11 Other revenue$13,005

I-12 Total revenue$212,144

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefits$0

I-16a Professional fundraising fees$0

I-17 Other expenses$213,792

I-18 Total expenses$213,792

I-19 Revenue less expenses−$1,648

Part VI · Governance 3 of 3 board members independent, 4 to look at

VI-1a Voting members of the governing body3

VI-1b Independent voting members3

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

VI-2 Family or business relationship among officers or directorsNo

Part VIII · Statement of revenue $212,144 across 7 lines filed

VIII-1b Membership dues$46,512

VIII-1e Government grants$33,675

VIII-1f All other contributions, gifts and grants$157

VIII-1h Total contributions, gifts and grants$80,344

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $118,795$118,795

VIII-8 Net income from fundraising events$13,005

VIII-12 Total revenueRelated to mission $118,795$212,144

Part IX · Statement of functional expenses $213,792 across 7 lines filed

IX-11g Other fees for servicesManagement $11,423$11,423

IX-13 Office expensesManagement $1,603$1,603

IX-16 OccupancyManagement $1,190$1,190

IX-20 InterestManagement $5,818$5,818

IX-23 InsuranceManagement $80$80

IX-24 Other expenses (24a–d)Programs $175,943$175,943

IX-24e All other expensesPrograms $17,735$17,735

IX-25 Total functional expensesPrograms $193,678 · Management $20,114 · Fundraising $0$213,792

Part X · Balance sheet $7,445 assets, 8 lines filed

X-1 Cash, non-interest-bearingStart of year $8,183$7,445

X-16 Total assetsStart of year $8,183$7,445

X-24 Unsecured notes and loans payableStart of year $6,095$6,095

X-25 Other liabilitiesStart of year $31,915$35,186

X-26 Total liabilitiesStart of year $38,010$41,281

X-27 Net assets without donor restrictionsStart of year −$29,827−$33,836

X-32 Total net assets or fund balancesStart of year −$29,827−$33,836

X-33 Total liabilities and net assetsStart of year $8,183$7,445

Part XI · Reconciliation of net assets −$33,836 net assets at year end

XI-1 Total revenue$212,144

XI-2 Total expenses$213,792

XI-3 Revenue less expenses−$1,648

XI-4 Net assets at start of year−$29,827

XI-9 Other changes in net assets−$2,361

XI-10 Net assets at end of year−$33,836

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

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

The55project Art Foundation INC

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for The55project Art Foundation INC

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV