Empowers artists by providing fiscal sponsorship, storefront exhibition opportunities, and artist-in-residence programs in partnership with Amazon to foster creative expression.
Empowers artists by providing fiscal sponsorship, storefront exhibition opportunities, and artist-in-residence programs in partnership with Amazon to foster creative expression.
For fiscal year 2024 it reported $5.9M in revenue, $5.2M in expenses, and $3.1M in net assets.Pt I
Where the money goes · FY2024
Total revenue
$5.9M
Pt VIII · Ln 12
Total expenses
$5.2M
Pt IX · Ln 25
Net assets
$3.1M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $674K
Where spending went · Part IX cols B–D
90%
Program services $0.90 Management & general $0.07 Fundraising $0.03
Program efficiency
90%
of spending reaches programs0% vs prior filing year
Operating runway
6.9mo
months of highly liquid reserves at operating expense rate▲ +41% vs prior filing year
Surplus margin
+11%
revenue over expenses, this year▲ ×17 vs prior filing year
Summary of the Filing
Part I · fiscal year 2024 · Form 990
Revenue
$5.9M
FY2024▲ +13%
$5.9M$2.9M$0
FY2020FY2024
Expenses
$5.2M
FY2024▲ +1%
$5.2M$2.6M$0
FY2020FY2024
Total assets
$3.1M
FY2024▲ +28%
$3.1M$1.5M$0
FY2020FY2024
Total liabilities
$30K
FY2024▲ +41%
$106K$53K$0
FY2020FY2024
Total revenue
$5.9M
Pt VIII · Ln 12
Total expenses
$5.2M
Pt IX · Ln 25
Net assets
$3.1M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$674K
Total assetsPt X · Ln 16$3.1M
Program-expense ratioPt IX · col B90%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49
Mission & Programs · Part III
Where the work happens
3 program services account for $4.5M of program spending, described in the organization's own filed words · FY2024.
01
Fiscal Sponsorships
Shunpike provides fiscal sponsorship to mission aligned arts groups that are nonprofit in nature.
$4.1Mprogram expense
02
Seattle Restored
Partnering with city of seattle to activate empty storefronts with artists in order to enliven the downtown seattle area and provide opportunities to artists.
$284Kprogram expense
03
In artist residence, we partner with amazon to support artists, providing a space for engaging dialogue and inspiring creative expression with amazon.
Line Sandsmark’s $118K as Executive Director
is at the 47th percentile of top reported officer pay among 3916 $1–10M 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
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.
Individual Line Sandsmark · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $118K · Total expenses $5.2M
2%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $1.1M · Total expenses $5.2M
22%
Peer comparison
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
Metric
This org
Peer median
Percentile
Program ratio
90%
—
—
Overhead ratio
7%
—
—
Fundraising cost ratio
3%
—
—
Revenue growth
13%
—
—
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
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Sources
Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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