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
57 cents of each dollar spent went to programs.
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
8 people listed on the 990; $76K paid to officers and key staff (Part VII, Section A).
Marcia Santoni to Apr 2023’s $318K as Executive Director is at the 100th 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 · 3 named individuals · Part VII
| Name | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|
| Marcia Santoni to Apr 2023 | $318,270 | — | — | — |
| Marcia Santoni | — | $159,651 | — | — |
| Katherine Cooper | — | $89,118 | $76,200 | $28,900 |
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 Worthless Foundation 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 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Supports and promotes new, aspiring, and emerging artists.
Questions for Worthless Foundation INC
Your first name shows with your question. Worthless Foundation INC answers here, for everyone.
Providing space, materials, technical assistance, and resources for aspiring artists of all backgrounds to realized their creative visions
Form 990 Part III, line 4, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 83-4240559) · Dispute this lineFunders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2021 990, line by line.
Download 990
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $755K | $2.0M |
| InvestmentsLn 11–13 | $2.9M | |
| Land, buildings, equipmentLn 10c | $0 | $5.5M |
| Total assetsLn 16 | $758K | $10.5M |
| LiabilitiesLn 26 | $15K | $3.4M |
| Net assetsLn 32 | $743K | $7.1M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of officers and key staff (Part IX, line 5)Ln 5 | $93K | $58K | $20K | $15K |
| Other salaries and wagesLn 7 | $19K | $12K | $4K | $3K |
| Other employee benefitsLn 9 | $1K | $744 | $230 | $172 |
| Payroll taxesLn 10 | $6K | $4K | $1K | $859 |
| Legal feesLn 11b | $34K | $3K | $31K | |
| Accounting feesLn 11c | $22K | $22K | ||
| Other fees for servicesLn 11g | $177K | $120K | $25K | $32K |
| Advertising and promotionLn 12 | $10K | $10K | ||
| Office expensesLn 13 | $15K | $2K | $13K | |
| OccupancyLn 16 | $10K | $10K | ||
| InterestLn 20 | $54K | $54K | ||
| Depreciation, depletion and amortizationLn 22 | $53K | $48K | $3K | $3K |
| InsuranceLn 23 | $37K | $20K | $12K | $5K |
| Other expenses (24a–d)Ln 24 | $105K | $95K | $10K | |
| Total functional expensesLn 25 | $635K | $361K | $205K | $69K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 LatestFiled with the IRS Aug 4, 2026 | $1.7M | $708K | $950K | $7.0M | 990 PDF |
| FY2024Filed with the IRS Jul 22, 2025 | $978K | $889K | $89K | $6.1M | 990 PDF |
| FY2023Filed with the IRS Nov 11, 2024 | $733K | $2.1M | −$1.4M | $5.9M | 990 PDF |
| FY2022Filed with the IRS Nov 15, 2023 | $663K | $1.7M | −$1.1M | $5.9M | 990 PDF |
| FY2021 ViewingFiled with the IRS Nov 15, 2022 | $7.0M | $635K | $6.3M | $7.1M | 990 PDF |
| FY2020Filed with the IRS Nov 8, 2021 | $860K | $147K | $713K | $743K | 990 PDF |
Schedules filed Part IV
See the full FY2021 990
Part I · Summary $6,977,240 revenue, 12 lines filed
Part VI · Governance 6 of 7 board members independent, 3 to look at
Part VIII · Statement of revenue $6,977,240 across 7 lines filed
Part IX · Statement of functional expenses $635,168 across 14 lines filed
Part X · Balance sheet $10,452,954 assets, 15 lines filed
Part XI · Reconciliation of net assets $7,053,584 net assets at year end
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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