Artsfund FY2022 filing

Tax-deductible

Seattle, WA501(c)(3)Since 1969Arts & CultureEIN 91-0839644

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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.
74¢ of each $1 spent went to programs.
$363K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $618K a year · 5% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$363K
to officers and key staff · 9% of spending
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
12 mo
of spending, in cash
Looks good: 12.5 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
$65K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
29
of 29 voting members
Looks good: 29 of 29 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.3M
-65% vs prior year
Spent
$4.2M
To programs
74%
Net assets
$6.3M
By yearFY2020–FY2024
Revenue
$5.3M
FY2022▼ -65%
Revenue by fiscal year
FY2020$15.4M
FY2021$15.1M
FY2022$5.3M
FY2023$14.6M
FY2024$16.2M
FY2024$16.1M
Expenses
$4.2M
FY2022▼ -72%
Expenses by fiscal year
FY2020$14.2M
FY2021$14.9M
FY2022$4.2M
FY2023$15.0M
FY2024$15.2M
FY2024$15.3M
Net assets
$6.3M
FY2022▲ +22%
Net assets by fiscal year
FY2020$5.0M
FY2021$5.2M
FY2022$6.3M
FY2023$6.0M
FY2024$6.9M
FY2024$7.7M

From the FY2022 Form 990 (year ending September 2022) · 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: FY2024. IRS ruling in May 1969.

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

Where the money goes

74 cents of each dollar spent went to programs.

Program services 74% · $3.1M Management & general 18% · $764K Fundraising 7% · $301K

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

34 people listed on the 990; $363K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
President & CEO
$212,296Pt VII · Sec A
VP of Strategic Initiative & Comm
$104,344Pt VII · Sec A
Vice President of Finance & Ops
$46,521Pt VII · Sec A
Board Secretary
$0Pt VII · Sec A
Board Treasurer
$0Pt VII · Sec A
Immediate Past Chair
$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

NameFY2024FY2024FY2023FY2022FY2021FY2020
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.

Provided by the organization

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2 program services account for $3.1M of program spending, described in the organization's own filed words · FY2021.
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.

$2.4Mprogram 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…

$750Kprogram expense

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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 FY2022 990, line by line.

1The main four
Money inPt VIII
$5.3M
Ln 12
Gifts and grantsLn 1h$5.3M
Fees for servicesLn 2g$58K
Investment incomeLn 3$14K
Money outPt IX
$4.2M
Ln 25
Programscol B$3.1M
Managementcol C$764K
Fundraisingcol D$301K
Owns and owesPt X
$6.3M
net assets · Ln 32
Cash and savingsLn 1–2$4.4M
Total assetsLn 16$6.4M
LiabilitiesLn 26$65K
PeoplePt VI, VII
34
listed · VII A
PaidVII A3
Voting boardVI 1a29
IndependentVI 1b29
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5.3M
Noncash giftsLn 1g$360K
Fees for servicesLn 2g$58K
Investment incomeLn 3$14K
Total revenueLn 12$5.3M
Assets in detailPt X, end of year
CashLn 1$1.2M
SavingsLn 2$3.2M
Cash and savings togetherLn 1–2$4.4M
Land, buildings, equipmentLn 10c$101K
Total assetsLn 16$6.4M
LiabilitiesLn 26$65K
Net assetsLn 32$6.3M
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 FY22End FY22
Cash and savingsLn 1–2$5.0M$4.4M
Land, buildings, equipmentLn 10c$100K$101K
Total assetsLn 16$5.3M$6.4M
LiabilitiesLn 26$72K$65K
Net assetsLn 32$5.2M$6.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$2.4M$2.4M
Pay of current officers, directors and key staffLn 5$378K$145K$152K$81K
Other salaries and wagesLn 7$647K$273K$233K$141K
Pension plan contributionsLn 8$18K$7K$7K$4K
Other employee benefitsLn 9$66K$32K$22K$13K
Payroll taxesLn 10$83K$34K$31K$18K
Accounting feesLn 11c$118K$41K$76K
Other fees for servicesLn 11g$84K$42K$34K$8K
Advertising and promotionLn 12$24K$15K$9K
Office expensesLn 13$59K$23K$27K$8K
Information technologyLn 14$43K$20K$23K
OccupancyLn 16$124K$43K$56K$25K
TravelLn 17$7K$3K$3K$1K
Conferences, conventions and meetingsLn 19$4K$842$2K$1K
Depreciation, depletion and amortizationLn 22$27K$27K
InsuranceLn 23$17K$17K
Other expenses (24a–d)Ln 24$55K$31K$24K
All other expensesLn 24e$61K$40K$21K
Total functional expensesLn 25$4.2M$3.1M$764K$301K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $16.2M$15.2M$974K$6.9M 990 PDF
FY2023 $14.6M$15.0M−$386K$6.0M 990 PDF
FY2022 Viewing $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 FY2022 990 (4 parts)
Part VIII · Statement of revenue $5,325,948 across 7 lines filed
VIII-1d Related organizations$880,000
VIII-1f All other contributions, gifts and grants$4,373,907
VIII-1g Noncash contributions (included above)$359,875
VIII-1h Total contributions, gifts and grants$5,253,907
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $57,697$57,697
VIII-3 Investment incomeExcluded from tax $14,344$14,344
VIII-12 Total revenueRelated to mission $57,697 · Unrelated business $0 · Excluded from tax $14,344$5,325,948
Part IX · Statement of functional expenses $4,176,049 across 18 lines filed
IX-1 Grants to domestic organizationsPrograms $2,361,400$2,361,400
IX-5 Pay of current officers, directors and key staffPrograms $144,763 · Management $152,099 · Fundraising $81,477$378,339
IX-7 Other salaries and wagesPrograms $272,949 · Management $232,604 · Fundraising $141,046$646,599
IX-8 Pension plan contributionsPrograms $7,157 · Management $7,273 · Fundraising $3,531$17,961
IX-9 Other employee benefitsPrograms $31,717 · Management $22,118 · Fundraising $12,663$66,498
IX-10 Payroll taxesPrograms $34,232 · Management $30,550 · Fundraising $18,343$83,125
IX-11c Accounting feesPrograms $41,149 · Management $76,420$117,569
IX-11g Other fees for servicesPrograms $42,098 · Management $33,534 · Fundraising $8,165$83,797
IX-12 Advertising and promotionPrograms $14,536 · Management $9,340$23,876
IX-13 Office expensesPrograms $23,454 · Management $27,411 · Fundraising $7,988$58,853
IX-14 Information technologyPrograms $19,640 · Management $23,339$42,979
IX-16 OccupancyPrograms $43,411 · Management $55,870 · Fundraising $24,750$124,031
IX-17 TravelPrograms $2,681 · Management $2,659 · Fundraising $1,451$6,791
IX-19 Conferences, conventions and meetingsPrograms $842 · Management $1,936 · Fundraising $1,426$4,204
IX-22 Depreciation, depletion and amortizationManagement $27,132$27,132
IX-23 InsuranceManagement $16,989$16,989
IX-24 Other expenses (24a–d)Programs $31,170 · Management $23,642$54,812
IX-24e All other expensesPrograms $39,908 · Management $21,186$61,094
IX-25 Total functional expensesPrograms $3,111,107 · Management $764,102 · Fundraising $300,840$4,176,049
Part X · Balance sheet $6,404,858 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $1,848,819$1,203,062
X-2 Savings and temporary cash investmentsStart of year $3,140,979$3,155,219
X-3 Pledges and grants receivableStart of year $82,854$1,858,561
X-9 Prepaid expenses and deferred chargesStart of year $54,663$51,872
X-10c Land, buildings and equipment, netStart of year $99,989$101,276
X-14 Intangible assetsStart of year $34,868$34,868
X-16 Total assetsStart of year $5,262,172$6,404,858
X-17 Accounts payable and accrued expensesStart of year $72,344$65,131
X-26 Total liabilitiesStart of year $72,344$65,131
X-27 Net assets without donor restrictionsStart of year $4,790,415$4,663,227
X-28 Net assets with donor restrictionsStart of year $399,413$1,676,500
X-32 Total net assets or fund balancesStart of year $5,189,828$6,339,727
X-33 Total liabilities and net assetsStart of year $5,262,172$6,404,858
Part XI · Reconciliation of net assets $6,339,727 net assets at year end
XI-1 Total revenue$5,325,948
XI-2 Total expenses$4,176,049
XI-3 Revenue less expenses$1,149,899
XI-4 Net assets at start of year$5,189,828
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$6,339,727

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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