Providing Low-Cost living and working space for artists

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
Run by 65 volunteers and 10 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
5 of 5
filings with a surplus
Average surplus $192K a year · 23% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$37K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
31 mo
of spending, in cash
Looks good: 31.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$111K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$953K
+5% vs prior year
Spent
$682K
To programs
80%
Net assets
$3.6M
By yearFY2020–FY2024
Revenue
$953K
FY2024▲ +5%
Tap a bar for its year
Revenue by fiscal year
FY2020$798K
FY2021$726K
FY2022$866K
FY2023$905K
FY2024$953K
Expenses
$682K
FY2024▲ +2%
Tap a bar for its year
Expenses by fiscal year
FY2020$727K
FY2021$600K
FY2022$611K
FY2023$667K
FY2024$682K
Net assets
$3.6M
FY2024▲ +8%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.7M
FY2021$2.8M
FY2022$3.1M
FY2023$3.3M
FY2024$3.6M

From the FY2024 Form 990 · 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 1971.

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

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $547K Management & general 20% · $136K

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

28 people listed on the 990; $37K paid to officers and key staff.

Part VII, Section A · reportable compensation
Treasurer
$10,200Pt VII · Sec A
$9,000Pt VII · Sec A
Vice President
$9,000Pt VII · Sec A
Secretary
$6,750Pt VII · Sec A
Substitute Secretary
$2,250Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

John Sullivan’s $10K as Treasurer is at the 8th 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 · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
John Sullivan$10,200$5,950———
Susan Sullivan$9,000————
Julie Phelps$9,000————
Brian Goggin—$9,000$6,000$6,000$6,000
Marco Peris—$8,250$5,500$6,000—
Sarah Kennedy$6,750$8,125$4,350——
Judy West—$5,100$7,200$3,600—
Sam Sullivan———$4,200$7,200

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 Project Artaud 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Offers affordable living and working spaces for artists.

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Provided by the organization

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2 programs · $547K · in their own filed words · FY2024
01

Project Artaud (the Organization) is a California public-benefit nonprofit corporation which provides low-cost living and work space for 90 members in the literary, visual and performing arts, as well as performance and exhibition space for other nonprofit arts organizations including Theatre of Yugen, Joe Goode Performance Group and…

$525Kprogram expense
02

Project Artaud participates in Open Studios, a city-wide program during which some 12 to 30 visual artists invite the public to visit their studios in the Spring and Fall. Project Artaud also manages a short-term artist residency program for exhibition, teaching and community workshops.

$21Kprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$953K
Ln 12
Fees for servicesLn 2g$900K
Investment incomeLn 3$53K
Money outPt IX
$682K
Ln 25
Programscol B$547K
Managementcol C$136K
Owns and owesPt X
$3.6M
net assets · Ln 32
Cash and savingsLn 1–2$1.8M
Total assetsLn 16$3.7M
LiabilitiesLn 26$111K
PeoplePt VI, VII
28
listed · VII A
PaidVII A5
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$900K
Investment incomeLn 3$53K
Gains on assetsLn 7$0
Total revenueLn 12$953K
Assets in detailPt X, end of year
CashLn 1$576K
SavingsLn 2$1.2M
Cash and savings togetherLn 1–2$1.8M
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$1.9M
Other assetsLn 15$0
Total assetsLn 16$3.7M
LiabilitiesLn 26$111K
Net assetsLn 32$3.6M
OperationsPt I, VI
EmployeesI 510
VolunteersI 665
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$1.6M$1.8M
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$1.8M$1.9M
Total assetsLn 16$3.4M$3.7M
LiabilitiesLn 26$90K$111K
Net assetsLn 32$3.3M$3.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$37K$37K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$224K$167K$57K
Pension plan contributionsLn 8$3K$2K$660
Other employee benefitsLn 9$18K$14K$5K
Payroll taxesLn 10$10K$8K$3K
Management feesLn 11a$0
Legal feesLn 11b$5K$5K
Accounting feesLn 11c$4K$4K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$35K$35K
Advertising and promotionLn 12$0
Office expensesLn 13$29K$3K$26K
Information technologyLn 14$640$640
RoyaltiesLn 15$0
OccupancyLn 16$151K$151K$300
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$109K$106K$3K
InsuranceLn 23$57K$57K
All other expensesLn 24e$0
Total functional expensesLn 25$682K$547K$136K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $953K$682K$270K$3.6M 990 PDF
FY2023 $905K$667K$238K$3.3M 990 PDF
FY2022 $866K$611K$255K$3.1M 990 PDF
FY2021 $726K$600K$126K$2.8M 990 PDF
FY2020 $798K$727K$71K$2.7M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $952,825 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $250$0
I-9 Program service revenuePrior year $883,173$899,665
I-10 Investment incomePrior year $13,184$53,160
I-11 Other revenuePrior year $8,247$0
I-12 Total revenuePrior year $904,854$952,825
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $285,954$292,819
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $380,759$389,563
I-18 Total expensesPrior year $666,713$682,382
I-19 Revenue less expensesPrior year $238,141$270,443
Part VI · Governance 11 of 11 board members independent, 1 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-2 Family or business relationship among officers or directorsYes
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 $952,825 across 8 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $899,665$899,665
VIII-3 Investment incomeExcluded from tax $53,160$53,160
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $899,665 · Excluded from tax $53,160$952,825
Part IX · Statement of functional expenses $682,382 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffManagement $37,200$37,200
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $167,114 · Management $57,291$224,405
IX-8 Pension plan contributionsPrograms $1,926 · Management $660$2,586
IX-9 Other employee benefitsPrograms $13,519 · Management $4,635$18,154
IX-10 Payroll taxesPrograms $7,800 · Management $2,674$10,474
IX-11a Management fees$0
IX-11b Legal feesPrograms $4,550$4,550
IX-11c Accounting feesManagement $3,730$3,730
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $35,081$35,081
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $2,699 · Management $25,842$28,541
IX-14 Information technologyManagement $640$640
IX-15 Royalties$0
IX-16 OccupancyPrograms $150,759 · Management $300$151,059
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $105,824 · Management $2,906$108,730
IX-23 InsurancePrograms $57,232$57,232
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $546,504 · Management $135,878 · Fundraising $0$682,382
Part X · Balance sheet $3,704,091 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $617,190$575,816
X-2 Savings and temporary cash investmentsStart of year $945,509$1,211,700
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $1,899−$5,113
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $50,493$62,193
X-10c Land, buildings and equipment, netStart of year $1,797,486$1,859,495
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $3,412,577$3,704,091
X-17 Accounts payable and accrued expensesStart of year $33,522$22,145
X-25 Other liabilitiesStart of year $56,484$88,932
X-26 Total liabilitiesStart of year $90,006$111,077
X-27 Net assets without donor restrictionsStart of year $3,322,571$3,593,014
X-32 Total net assets or fund balancesStart of year $3,322,571$3,593,014
X-33 Total liabilities and net assetsStart of year $3,412,577$3,704,091
Part XI · Reconciliation of net assets $3,593,014 net assets at year end
XI-1 Total revenue$952,825
XI-2 Total expenses$682,382
XI-3 Revenue less expenses$270,443
XI-4 Net assets at start of year$3,322,571
XI-10 Net assets at end of year$3,593,014

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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