To promote the arts and social welfare by encouraging economic development in the sector of art and other creative endeavors, including sculpture, painting, and photography and performance, and to support new, aspiring, or emerging artists in various ways.

501(c)(3) charity; gifts are tax-deductible.
62¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
4 of 6
filings with a surplus
Average surplus $940K a year · 48% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
62%
of spending
Worth a look: 62% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
1 mo
of spending, in cash
Plus $5.3M in investments, Pt X · Ln 11–13
Fine: 1.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $110K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$19K
0.3% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 7 voting members
Looks good: 6 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
$978K
+33% vs prior year
Spent
$889K
To programs
62%
Net assets
$6.1M
By yearFY2020–FY2025
Revenue
$978K
FY2024▲ +33%
Tap a bar for its year
Revenue by fiscal year
FY2020$860K
FY2021$7.0M
FY2022$663K
FY2023$733K
FY2024$978K
FY2025$1.7M
Expenses
$889K
FY2024▼ -58%
Tap a bar for its year
Expenses by fiscal year
FY2020$147K
FY2021$635K
FY2022$1.7M
FY2023$2.1M
FY2024$889K
FY2025$708K
Net assets
$6.1M
FY2024▲ +3%
Tap a bar for its year
Net assets by fiscal year
FY2020$743K
FY2021$7.1M
FY2022$5.9M
FY2023$5.9M
FY2024$6.1M
FY2025$7.0M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 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 Jun 2019.

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

Where the money goes

62 cents of each dollar spent went to programs.

Program services 62% · $553K Management & general 54% · $484K Fundraising 9% · $81K

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

14 people listed on the 990.

Part VII, Section A · reportable compensation
Founder,president,creative Director
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Founder,president,creative Director
$0Pt VII · Sec 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

NameFY2023FY2022FY2021FY2020
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

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

2 programs · $911K · in their own filed words · FY2024
01

Providing space, materials, technical assistance, and resources for aspiring artists of all backgrounds to realize their creative visions.

$553Kprogram expense
02

Providing space, materials, technical assitance, and resources for aspiring artists of all backgrounds to realize their creative visions.

$358Kprogram 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$110K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$978K
Ln 12
Investment incomeLn 3$583K
Gifts and grantsLn 1h$312K
Fees for servicesLn 2g$55K
Money outPt IX
$889K
Ln 25
Programscol B$553K
Managementcol C$484K
Fundraisingcol D$81K
Owns and owesPt X
$6.1M
net assets · Ln 32
Cash and savingsLn 1–2$86K
Total assetsLn 16$6.1M
LiabilitiesLn 26$19K
PeoplePt VI, VII
14
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$312K
Government grantsLn 1e$161K
Fees for servicesLn 2g$55K
Investment incomeLn 3$583K
Other incomeLn 4–11$27K
Total revenueLn 12$978K
Assets in detailPt X, end of year
Cash and savings togetherLn 1–2$86K
Total assetsLn 16$6.1M
LiabilitiesLn 26$19K
Net assetsLn 32$6.1M
OperationsPt I, VI
EmployeesI 56
VolunteersI 66
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.7M$708K$950K$7.0M 990 PDF
FY2024 ViewingFiled 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
FY2021Filed 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

III · Programs R · Related orgs G · Fundraising L · Interested persons A · Public support O · Explanations
See the full FY2024 990 (1 part)
Part VI · Governance 6 of 7 board members independent, 3 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsYes
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes

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

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