Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2020.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
82 cents of each dollar spent went to programs.
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
5 people listed on the 990; $73K paid to officers and key staff.
Brian Valentyn’s $54K as Executive Di is at the 49th 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 · 2 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Brian Valentyn | $54,000 | $40,500 | — | — | — | — |
| Peter Askim | $19,000 | $25,000 | $10,250 | $15,000 | $10,000 | $10,000 |
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.
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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
Promotes new music and art through performances, audience events, and supporting emerging artists.
Questions for Next Edge Arts INC
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Advancing the development of contemporary music and other forms of artistic expression through performance, audience engagement and nurturing emerging artists. Many individuals benefited from our programs. In 2025, there were 30 festival participants and 200 k-12 students reached. There were 9 public performances and 1,500 attendees.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $80K | $38K |
| Total assetsLn 16 | $95K | $93K |
| LiabilitiesLn 26 | $41 | $320 |
| Net assetsLn 32 | $95K | $93K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Management feesLn 11a | $74K | $59K | $15K | |
| Legal feesLn 11b | $265 | $132 | $133 | |
| Accounting feesLn 11c | $7K | $3K | $3K | |
| Other fees for servicesLn 11g | $58K | $43K | $15K | |
| Advertising and promotionLn 12 | $3K | $3K | ||
| Office expensesLn 13 | $14K | $7K | $7K | |
| TravelLn 17 | $6K | $6K | ||
| Conferences, conventions and meetingsLn 19 | $79K | $79K | ||
| InsuranceLn 23 | $2K | $1K | $1K | |
| Total functional expensesLn 25 | $242K | $198K | $44K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $241K | $242K | −$2K | $93K | 990 PDF |
| FY2024 | $189K | $286K | −$97K | $95K | 990 PDF |
| FY2023 | $277K | $211K | $66K | $192K | 990 PDF |
| FY2022 | $162K | $126K | 990 PDF | ||
| FY2021 | $161K | $126K | 990 PDF | ||
| FY2020 | $118K | $48K | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $240,530 revenue, 12 lines filed
Part VI · Governance 3 of 4 board members independent, 2 to look at
Part VIII · Statement of revenue $240,530 across 7 lines filed
Part IX · Statement of functional expenses $242,135 across 9 lines filed
Part X · Balance sheet $93,278 assets, 8 lines filed
Part XI · Reconciliation of net assets $92,958 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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