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Inuit Art Foundation

Tax-deductible

Canada501(c)(3)EIN 98-0140282Revenue $1.6M in FY2025

On file with the IRSinuitartfoundation.orgToronto on M6p 3t1, 00000-0000 · CanadaTax-exempt since Sep 1994Publicly supported — 509(a)(2)

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Formed to provide advocacy on behalf of Inuit artists and to enhance the image and visibility of Inuit Art in canada and abroad. The Foundation also made itself available as a resource to the Inuit Art community and supports measures that enrich the environment in which Inuit artists create.

501(c)(3) charity; gifts are tax-deductible.
77¢ of each $1 spent went to programs.
Run by 8 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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 by treaty
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average deficit $16K a year · under 1% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $1K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$446K
59% of total assets
Fine: liabilities are 59% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.6M
-24% vs prior year
Spent
$2.2M
To programs
77%
Net assets
$310K
By yearFY2020–FY2025
Revenue
$1.6M
FY2025▼ -24%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.5M
FY2021$1.6M
FY2022$1.9M
FY2023$2.0M
FY2024$2.1M
FY2025$1.6M
Expenses
$2.2M
FY2025▼ -3%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.3M
FY2021$1.2M
FY2022$1.4M
FY2023$2.4M
FY2024$2.3M
FY2025$2.2M
Net assets
$310K
FY2025▼ -69%
Tap a bar for its year
Net assets by fiscal year
FY2020$749K
FY2021$1.2M
FY2022$1.7M
FY2023$1.2M
FY2024$1.0M
FY2025$310K

From the FY2025 Form 990 (year ending March 2025) · 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: FY2025. IRS ruling in Sep 1994.

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

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $1.7M Management & general 23% · $513K

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

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Heather Igloliorte
President/Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Ryan Rice
Director
$0Pt VII · Sec A
Reneltta Arluk
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Julie Grenier
Secretary Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
See Inuit Art Foundation 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 15aNo

Programs and updates

Advocates for Inuit artists, enhancing their art's image and visibility globally.

Questions for Inuit Art Foundation

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Provided by the organization

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1 program · $1.7M · in their own filed words · FY2024
01

To provide an opportunity to promote art while generating funds to support artist programs.

$1.7Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Solomon and Gillespie Fund INCFY2024$1K
Total grants receivedfrom 1 funder$1K

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.6M
Ln 12
Gifts and grantsLn 1h$1.5M
Fees for servicesLn 2g$104K
Investment incomeLn 3$3K
Money outPt IX
$2.2M
Ln 25
Programscol B$1.7M
Managementcol C$513K
Owns and owesPt X
$310K
net assets · Ln 32
Cash and savingsLn 1–2$227K
Total assetsLn 16$756K
LiabilitiesLn 26$446K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.5M
Government grantsLn 1e$1.4M
Fees for servicesLn 2g$104K
Investment incomeLn 3$3K
Total revenueLn 12$1.6M
Assets in detailPt X, end of year
CashLn 1$227K
Cash and savings togetherLn 1–2$227K
InvestmentsLn 11–13$188K
Land, buildings, equipmentLn 10c$7K
Total assetsLn 16$756K
LiabilitiesLn 26$446K
Net assetsLn 32$310K
OperationsPt I, VI
EmployeesI 50
VolunteersI 68
Fiscal year endsHeaderMarch
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$652K$227K
InvestmentsLn 11–13$171K$188K
Land, buildings, equipmentLn 10c$13K$7K
Total assetsLn 16$1.4M$756K
LiabilitiesLn 26$389K$446K
Net assetsLn 32$1.0M$310K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$994K$795K$199K
Legal feesLn 11b$14K$5K$9K
Accounting feesLn 11c$88K$31K$57K
Office expensesLn 13$52K$47K$5K
OccupancyLn 16$78K$70K$8K
TravelLn 17$191K$134K$57K
Depreciation, depletion and amortizationLn 22$6K$6K
InsuranceLn 23$4K$4K$444
Other expenses (24a–d)Ln 24$767K$602K$165K
All other expensesLn 24e$23K$11K$12K
Total functional expensesLn 25$2.2M$1.7M$513K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $1.6M$2.2M−$602K$310K 990 PDF
FY2024 $2.1M$2.3M−$147K$1.0M 990 PDF
FY2023 $2.0M$2.4M−$414K$1.2M 990 PDF
FY2022 $1.9M$1.4M$514K$1.7M 990 PDF
FY2021 $1.6M$1.2M$382K$1.2M 990 PDF
FY2020 $1.5M$1.3M$169K$749K 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 FY2025 990 (6 parts)
Part I · Summary $1,615,783 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,785,391$1,509,560
I-9 Program service revenuePrior year $112,818$103,608
I-10 Investment incomePrior year $590$2,615
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,898,799$1,615,783
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,010,342$994,266
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,273,383$1,223,593
I-18 Total expensesPrior year $2,283,725$2,217,859
I-19 Revenue less expensesPrior year −$384,926−$602,076
Part VI · Governance 8 of 8 board members independent, 3 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $1,615,783 across 6 lines filed
VIII-1e Government grants$1,439,295
VIII-1f All other contributions, gifts and grants$70,265
VIII-1h Total contributions, gifts and grants$1,509,560
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $103,608$103,608
VIII-3 Investment incomeExcluded from tax $2,615$2,615
VIII-12 Total revenueRelated to mission $103,608 · Unrelated business $0 · Excluded from tax $2,615$1,615,783
Part IX · Statement of functional expenses $2,217,859 across 10 lines filed
IX-7 Other salaries and wagesPrograms $795,413 · Management $198,853$994,266
IX-11b Legal feesPrograms $5,022 · Management $9,327$14,349
IX-11c Accounting feesPrograms $30,797 · Management $57,194$87,991
IX-13 Office expensesPrograms $47,125 · Management $5,236$52,361
IX-16 OccupancyPrograms $69,985 · Management $7,776$77,761
IX-17 TravelPrograms $133,664 · Management $57,285$190,949
IX-22 Depreciation, depletion and amortizationPrograms $5,724$5,724
IX-23 InsurancePrograms $3,996 · Management $444$4,440
IX-24 Other expenses (24a–d)Programs $601,860 · Management $165,178$767,038
IX-24e All other expensesPrograms $11,124 · Management $11,856$22,980
IX-25 Total functional expensesPrograms $1,704,710 · Management $513,149 · Fundraising $0$2,217,859
Part X · Balance sheet $756,091 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $652,189$227,091
X-4 Accounts receivableStart of year $538,384$302,171
X-9 Prepaid expenses and deferred chargesStart of year $25,481$31,937
X-10c Land, buildings and equipment, netStart of year $13,041$6,745
X-12 Other securitiesStart of year $171,259$188,147
X-16 Total assetsStart of year $1,400,354$756,091
X-17 Accounts payable and accrued expensesStart of year $388,525$408,229
X-19 Deferred revenue$38,008
X-26 Total liabilitiesStart of year $388,525$446,237
X-32 Total net assets or fund balancesStart of year $1,011,829$309,854
X-33 Total liabilities and net assetsStart of year $1,400,354$756,091
Part XI · Reconciliation of net assets $309,854 net assets at year end
XI-1 Total revenue$1,615,783
XI-2 Total expenses$2,217,859
XI-3 Revenue less expenses−$602,076
XI-4 Net assets at start of year$1,011,829
XI-5 Net unrealized gains (losses) on investments$12,762
XI-9 Other changes in net assets−$112,661
XI-10 Net assets at end of year$309,854

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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