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
88 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
39 people listed on the 990; $425K paid to officers and key staff.
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
| Name | FY2024 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| 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.
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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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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.
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…
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $4.5M | $5.9M |
| Land, buildings, equipmentLn 10c | $72K | $48K |
| Total assetsLn 16 | $6.1M | $7.4M |
| LiabilitiesLn 26 | $163K | $496K |
| Net assetsLn 32 | $6.0M | $6.9M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $12.6M | $12.6M | ||
| Pay of current officers, directors and key staffLn 5 | $473K | $151K | $210K | $112K |
| Other salaries and wagesLn 7 | $954K | $304K | $424K | $226K |
| Pension plan contributionsLn 8 | $43K | $14K | $19K | $10K |
| Other employee benefitsLn 9 | $154K | $49K | $69K | $37K |
| Payroll taxesLn 10 | $115K | $37K | $51K | $27K |
| Accounting feesLn 11c | $65K | $65K | ||
| Professional fundraising feesLn 11e | $13K | $13K | ||
| Other fees for servicesLn 11g | $239K | $152K | $87K | |
| Advertising and promotionLn 12 | $90K | $54K | $24K | $13K |
| Office expensesLn 13 | $25K | $4K | $11K | $10K |
| Information technologyLn 14 | $70K | $13K | $35K | $23K |
| OccupancyLn 16 | $118K | $20K | $93K | $6K |
| TravelLn 17 | $28K | $7K | $11K | $11K |
| Conferences, conventions and meetingsLn 19 | $132K | $30K | $59K | $43K |
| Depreciation, depletion and amortizationLn 22 | $30K | $4K | $20K | $5K |
| InsuranceLn 23 | $20K | $3K | $14K | $3K |
| Other expenses (24a–d)Ln 24 | $84K | $24K | $34K | $26K |
| Total functional expensesLn 25 | $15.2M | $13.4M | $1.2M | $564K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Viewing | $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
See the full FY2024 990 (6 parts)
Part I · Summary $16,178,758 revenue, 12 lines filed
Part VI · Governance 33 of 33 board members independent, no flags
Part VIII · Statement of revenue $16,178,758 across 10 lines filed
Part IX · Statement of functional expenses $15,204,294 across 18 lines filed
Part X · Balance sheet $7,424,421 assets, 13 lines filed
Part XI · Reconciliation of net assets $6,927,938 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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