Artspan FY2021 filing

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EIN 94-3148481 Public charity (501(c)(3)) San Francisco, CA NTEE Z99Z
Form 990 (PDF)

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Revenue & expenses by yearFY2020–FY2024
Revenue
$1.2M
FY2021▲ +84%
Expenses
$722K
FY2021▲ +19%

Form 990 for the fiscal year ending December 2021 (IRS tax year 2021).


Promotes San Francisco's art community locally and globally, fostering an accessible and inclusive art experience. For fiscal year 2021 it reported $1.2M in revenue, $722K in expenses, and $793K in net assets.Pt I

Type
Public charity (501(c)(3)) · Unclassified
Location
San Francisco, CA
Website
www.artspan.org
Filings
5 on file (2020–2021)
Revenue
$1.2MFY2021
Expenses
$722K
Net assets
$793K
People
11
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Provided by the organization

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Size
$100K–1M
What they do
Promotes San Francisco's art community locally and globally, fostering an accessible and inclusive art experience.
Leadership
Joen Madonna · Executive Dir. · $123K
Money in and out
$1.2M revenue, $722K expenses
Bottom line
67% program efficiency

What Funders Ask

6 questions, answered from this org's own filings

Will my donation be tax-deductible?

GOOD

Yes — A charitable, religious, educational, scientific, or literary organization. Contributions are generally tax-deductible for donors.

IRS Business Master File records this organization as tax-exempt with deductible contributions. See detail →

Can I donate to this org right now?

GOOD

No revocation on IRS record

This EIN does not appear on the IRS auto-revocation list. See detail →

Is this organization up to date?

GOOD

Filed FY2024 (typical filing lag)

Most recent Form 990 on file is for fiscal year 2024 (2 years ago). See detail →

Is it receiving grants from reputable foundations?

GOOD

8 funders, incl. Fidelity Investments Charitable Gift Fund

8 distinct foundation funder(s) on file, $132K received in the most recent year with grants. See detail →

How is the money spent?

GOOD

67% to programs

67% of total functional expenses went to program services in the most recent filing (Form 990 Part IX); the rest is overhead and fundraising. See detail →

What's its financial size and trend?

NEUTRAL

$100K–1M · ↑ +84% vs prior year

Revenue band $100K–1M, +84% versus the prior filing year (up). See detail →

Where the money goes · FY2021
Total revenue
$1.2M
Pt VIII · Ln 12
Total expenses
$722K
Pt IX · Ln 25
Net assets
$793K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $492K
Where spending went · Part IX cols B–D
Program services $0.67 Management & general $0.20 Fundraising $0.13
Program efficiency
67%
of spending reaches programs
Operating runway
15.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
+41%
revenue over expenses, this year

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Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$993K
FY2021▲ +72%
Total liabilities
$200K
FY2021▼ -28%
Revenue less expensesPt I · Ln 19$492K
Total assetsPt X · Ln 16$993K
Program-expense ratioPt IX · col B67%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 410

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CArtspan
EINHdr · item D94-3148481
Principal addressHdr · item CSan Francisco, CA
WebsiteHdr · item Jwww.artspan.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFUnclassified (Z99Z)
Ruling yearIRS BMFJun 1996

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Dir.
$123,000Pt VII · Sec A
$0Pt VII · Sec A
Vice-Chair
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Joen Madonna$129,861$135,000$134,000$123,000$122,500
Vanessa Wilson$99,731$92,000———
Matt McKinley————$12,000
Audrey Heller————$6,550

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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Mission & Programs · Part III

Where the work happens

3 program services account for $408K of program spending, described in the organization's own filed words · FY2021.
01

San Francisco Open Studios is an annual, month-long event in October that showcases over 800 emerging and established San Francisco artists in their studios. ArtSpan publishes a printed Guide of artists with comprehensive online catalog.

$216Kprogram expense
02

Artist Resources, Advocacy & MembershipArtSpan hosts workshops throughout the year to create community and to help inform artists and art-appreciators about art, art business, art collecting and supporting a successful art career.

$104Kprogram expense
03

Art-In-Neighborhoods programArtSpans Art-In-Neighborhoods program serves the city of San Francisco by connecting communities with local artists while activating spaces with vibrant, locally-made artwork.

$88Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$942K · 78%
Program service revenue$152K · 12%
Other revenue$120K · 10%
Contributions & grants78%$942K
Program service revenue12%$152K
Other revenue10%$120K
Investment income$535
— government grantsLn 1e$184K
Total revenueLn 12$1.2M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.67 Management & general $0.20 Fundraising $0.13
Program services67%$486K
Management & general20%$143K
Fundraising13%$93K
Total functional expensesLn 25$722K

Balance Sheet

Part X · end of year
CashLn 1$940K
Total assetsLn 16$993K
Total liabilitiesLn 26$200K
Total net assetsLn 32$793K
Months of cash on handcomputed15.6

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $940K · Operating expenses/yr $722K
15.6 months
Where the money goes
Program services
Program services $486K · Total expenses $722K
67%
Management & General
Management & general $143K · Total expenses $722K
20%
Fundraising
Fundraising $93K · Total expenses $722K
13%
Cost to raise $1
Fundraising expense (2-yr avg) $69K · Solicited contributions (2-yr avg) $560K
$0.12 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $942K · Total revenue $1.2M
78%
Government reliance
Government grants $184K · Total revenue $1.2M
15%
Earned-income share
Program service revenue $152K · Total revenue $1.2M
12%
Investment reliance
Investment income $535 · Total revenue $1.2M
+0.04%
Program self-sufficiency
Program service revenue $152K · Total expenses $722K
21%
Growth & trend
Revenue growth (YoY)
This year $1.2M · Prior year $659K
+84%
Net-asset trend (YoY)
End of year $793K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.2M · Expenses $722K
+41%
Liabilities-to-Assets
Total liabilities — · Total assets $993K
—
Net-asset ratio
Net assets $793K · Total assets $993K
80%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $993K
0%
People & payroll
Highest Reported Total Compensation
Individual Joen Madonna · Reported title Executive Dir. · Highest reported compensation $123K · Total expenses $722K
17%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $364K · Total expenses $722K
50%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 67%——
Overhead ratio 20%——
Fundraising cost ratio 10%——
Revenue growth 84%——
Investment management fee ratio 0%——
Legal fee ratio 0%——
Accounting fee ratio 3%——
Fundraising fee ratio 0%——

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.

Grants

Schedule I · funders on record
Grants received · FY2024
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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$620K revenue · ⤓ 990 PDF
FY2023$432K revenue · ⤓ 990 PDF
FY2022$478K revenue · ⤓ 990 PDF
FY2021$1.2M revenue · viewing · ⤓ 990 PDF
FY2020$659K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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