Artsfund

Tax-deductible

Seattle, WA501(c)(3)Since 1969Arts & CultureEIN 91-0839644Revenue $16.1M in FY2025

On file with the IRSartsfund.orgPo Box 19780, 98109-6780 · Seattle, WATax-exempt since May 1969Publicly supported charity — 170(b)(1)(A)(vi)

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Artsfund strengthens the community by supporting the arts through leadership, advocacy, and grant making.

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
Run by 43 volunteers and 20 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
5 of 6
filings with a surplus
Average surplus $638K a year · 5% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$479K
to officers and key staff · 3% of spending
Top officer’s pay higher than 54% of similar orgs
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Looks good: 6.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $9K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2.0M
20% of total assets
Looks good: liabilities are 20% of assets; 50% or less.
Pt X · Ln 26
Independent board members
30
of 30 voting members
Looks good: 30 of 30 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$16.1M
-0.6% vs prior year
Spent
$15.3M
To programs
86%
Net assets
$7.7M
By yearFY2020–FY2025
Revenue
$16.1M
FY2025▼ -0.6%
Tap a bar for its year
Revenue by fiscal year
FY2020$15.4M
FY2021$15.1M
FY2022$5.3M
FY2023$14.6M
FY2024$16.2M
FY2025$16.1M
Expenses
$15.3M
FY2025▲ +0.9%
Tap a bar for its year
Expenses by fiscal year
FY2020$14.2M
FY2021$14.9M
FY2022$4.2M
FY2023$15.0M
FY2024$15.2M
FY2025$15.3M
Net assets
$7.7M
FY2025▲ +11%
Tap a bar for its year
Net assets by fiscal year
FY2020$5.0M
FY2021$5.2M
FY2022$6.3M
FY2023$6.0M
FY2024$6.9M
FY2025$7.7M

From the FY2025 Form 990 (year ending September 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1969.

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

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $13.2M Management & general 10% · $1.5M Fundraising 4% · $648K

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

33 people listed on the 990; $479K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
President/CEO
$346,622Pt VII · Sec A
Director of Finance
$132,675Pt VII · Sec A
Immediate Past Chair
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Michael R Greer’s $347K as President/CEO is at the 54th percentile of top reported officer pay among 749 $10–100M 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 · 6 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Michael R Greer$346,622$299,590$247,389$212,296$212,296—
Keith G Easter$132,675$125,083————
Linda Madison——$126,068$46,521——
Sarah Friedman————$106,770—
Sarah Sidman———$104,344$104,344$104,650
Susan Coliton—————$62,244

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 Artsfund executive salaries →

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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 15aYes

Programs and updates

Supports the cultural sector through grantmaking, advocacy, leadership training, and research to strengthen the community and expand the capacity of arts organizations.

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Provided by the organization

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2 programs · $13.2M · in their own filed words · FY2024
01

Artsfund provides general operating support to nonprofit irc 501(c)(3) arts organizations. Awards are made through an "allocation process and take into consideration each organization's mission and art, management and financial condition, and commitment to and impact on the community.

$12.3Mprogram expense
02

Artsfund conducts a variety of programs to benefit the cultural sector: an associates program to equip volunteers with leadership and fundraising skills; board leadership training classes on legal and financial responsibilities, strategic planning, fundraising and best governance practices; convenings to share resources, practices and…

$885Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$9K
Grants paid · 2,463 grants · $60.8M · 2019–2024
ShunpikeWA · FY2024$860,000
Northwest Film ForumWA · FY2024$264,260
Seattle Art MuseumWA · FY2024$151,170
Seattle OperaWA · FY2024$146,510
Seattle Symphony Orchestra INCWA · FY2024$143,710
Seattle Repertory TheatreWA · FY2024$112,937
A Contemporary Theatre INCWA · FY2024$111,447
Wing Luke Memorial FoundationWA · FY2024$106,504
5th Avenue Theatre AssociationWA · FY2024$104,497
Village TheatreWA · FY2024$89,740
Seattle Theatre GroupWA · FY2024$86,631
Tacoma Arts LiveWA · FY2024$70,250
TasveerWA · FY2024$60,400
Rvc SeattleWA · FY2024$60,000
Velocity Dance CenterWA · FY2024$58,590
See all 2,463 grants →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$16.1M
Ln 12
Gifts and grantsLn 1h$15.7M
Investment incomeLn 3$418K
Fees for servicesLn 2g$66K
Money outPt IX
$15.3M
Ln 25
Programscol B$13.2M
Managementcol C$1.5M
Fundraisingcol D$648K
Owns and owesPt X
$7.7M
net assets · Ln 32
Cash and savingsLn 1–2$8.5M
Total assetsLn 16$9.6M
LiabilitiesLn 26$2.0M
PeoplePt VI, VII
33
listed · VII A
PaidVII A2
Voting boardVI 1a30
IndependentVI 1b30
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$15.7M
Government grantsLn 1e$142K
Noncash giftsLn 1g$1.9M
Fundraising eventsLn 1c$171K
Fees for servicesLn 2g$66K
Investment incomeLn 3$418K
Gains on assetsLn 7$0
Total revenueLn 12$16.1M
Assets in detailPt X, end of year
CashLn 1$3.1M
SavingsLn 2$5.4M
Cash and savings togetherLn 1–2$8.5M
Land, buildings, equipmentLn 10c$15K
Total assetsLn 16$9.6M
LiabilitiesLn 26$2.0M
Net assetsLn 32$7.7M
OperationsPt I, VI
EmployeesI 520
VolunteersI 643
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$5.9M$8.5M
Land, buildings, equipmentLn 10c$48K$15K
Total assetsLn 16$7.4M$9.6M
LiabilitiesLn 26$496K$2.0M
Net assetsLn 32$6.9M$7.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$12.3M$12.3M
Pay of current officers, directors and key staffLn 5$586K$195K$222K$169K
Other salaries and wagesLn 7$1.2M$269K$645K$307K
Pension plan contributionsLn 8$53K$14K$26K$14K
Other employee benefitsLn 9$179K$46K$86K$47K
Payroll taxesLn 10$148K$38K$71K$39K
Accounting feesLn 11c$57K$57K
Other fees for servicesLn 11g$281K$196K$85K
Advertising and promotionLn 12$36K$17K$9K$10K
Office expensesLn 13$16K$1K$11K$4K
Information technologyLn 14$80K$10K$50K$20K
OccupancyLn 16$138K$7K$122K$9K
TravelLn 17$33K$9K$17K$7K
Conferences, conventions and meetingsLn 19$108K$63K$46K
Depreciation, depletion and amortizationLn 22$33K$2K$29K$2K
InsuranceLn 23$22K$1K$19K$1K
Other expenses (24a–d)Ln 24$76K$18K$40K$18K
Total functional expensesLn 25$15.3M$13.2M$1.5M$648K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $16.1M$15.3M$739K$7.7M 990 PDF
FY2024 $16.2M$15.2M$974K$6.9M 990 PDF
FY2023 $14.6M$15.0M−$386K$6.0M 990 PDF
FY2022 $5.3M$4.2M$1.1M$6.3M 990 PDF
FY2021 $15.1M$14.9M$148K$5.2M 990 PDF
FY2020 $15.4M$14.2M$1.2M$5.0M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $16,081,911 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $15,643,885$15,670,914
I-9 Program service revenuePrior year $90,100$66,257
I-10 Investment incomePrior year $320,873$417,898
I-11 Other revenuePrior year $123,900−$73,158
I-12 Total revenuePrior year $16,178,758$16,081,911
I-13 Grants and similar amounts paidPrior year $12,550,135$12,277,413
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,739,452$2,185,897
I-16a Professional fundraising feesPrior year $12,521$0
I-17 Other expensesPrior year $902,186$879,736
I-18 Total expensesPrior year $15,204,294$15,343,046
I-19 Revenue less expensesPrior year $974,464$738,865
Part VI · Governance 30 of 30 board members independent, no flags
VI-1a Voting members of the governing body30
VI-1b Independent voting members30
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $16,081,911 across 11 lines filed
VIII-1c Fundraising events$171,400
VIII-1d Related organizations$1,666,633
VIII-1e Government grants$141,820
VIII-1f All other contributions, gifts and grants$13,691,061
VIII-1g Noncash contributions (included above)$1,851,273
VIII-1h Total contributions, gifts and grants$15,670,914
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $66,257$66,257
VIII-3 Investment incomeExcluded from tax $417,898$417,898
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising eventsExcluded from tax −$73,158−$73,158
VIII-12 Total revenueRelated to mission $66,257 · Unrelated business $0 · Excluded from tax $344,740$16,081,911
Part IX · Statement of functional expenses $15,343,046 across 17 lines filed
IX-1 Grants to domestic organizationsPrograms $12,277,413$12,277,413
IX-5 Pay of current officers, directors and key staffPrograms $195,289 · Management $221,896 · Fundraising $168,737$585,922
IX-7 Other salaries and wagesPrograms $268,995 · Management $644,665 · Fundraising $306,583$1,220,243
IX-8 Pension plan contributionsPrograms $13,751 · Management $25,665 · Fundraising $14,077$53,493
IX-9 Other employee benefitsPrograms $45,933 · Management $85,732 · Fundraising $47,026$178,691
IX-10 Payroll taxesPrograms $37,928 · Management $70,791 · Fundraising $38,829$147,548
IX-11c Accounting feesManagement $56,963$56,963
IX-11g Other fees for servicesPrograms $195,772 · Management $84,778$280,550
IX-12 Advertising and promotionPrograms $16,938 · Management $8,841 · Fundraising $10,387$36,166
IX-13 Office expensesPrograms $1,165 · Management $10,664 · Fundraising $4,339$16,168
IX-14 Information technologyPrograms $9,619 · Management $50,310 · Fundraising $19,695$79,624
IX-16 OccupancyPrograms $6,911 · Management $122,100 · Fundraising $9,215$138,226
IX-17 TravelPrograms $8,780 · Management $17,123 · Fundraising $7,082$32,985
IX-19 Conferences, conventions and meetingsPrograms $62,674 · Management $45,543$108,217
IX-22 Depreciation, depletion and amortizationPrograms $1,650 · Management $29,150 · Fundraising $2,200$33,000
IX-23 InsurancePrograms $1,077 · Management $19,023 · Fundraising $1,436$21,536
IX-24 Other expenses (24a–d)Programs $18,376 · Management $39,904 · Fundraising $18,021$76,301
IX-25 Total functional expensesPrograms $13,162,271 · Management $1,533,148 · Fundraising $647,627$15,343,046
Part X · Balance sheet $9,640,760 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $2,585,224$3,120,521
X-2 Savings and temporary cash investmentsStart of year $3,346,351$5,409,823
X-3 Pledges and grants receivableStart of year $1,338,938$972,406
X-9 Prepaid expenses and deferred chargesStart of year $70,666$87,768
X-10c Land, buildings and equipment, netStart of year $48,374$15,374
X-14 Intangible assetsStart of year $34,868$34,868
X-16 Total assetsStart of year $7,424,421$9,640,760
X-17 Accounts payable and accrued expensesStart of year $496,483$1,973,957
X-26 Total liabilitiesStart of year $496,483$1,973,957
X-27 Net assets without donor restrictionsStart of year $6,236,994$7,060,859
X-28 Net assets with donor restrictionsStart of year $690,944$605,944
X-32 Total net assets or fund balancesStart of year $6,927,938$7,666,803
X-33 Total liabilities and net assetsStart of year $7,424,421$9,640,760
Part XI · Reconciliation of net assets $7,666,803 net assets at year end
XI-1 Total revenue$16,081,911
XI-2 Total expenses$15,343,046
XI-3 Revenue less expenses$738,865
XI-4 Net assets at start of year$6,927,938
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$7,666,803

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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