Form 990 for tax year 2022
Filed by NATIONAL FOUNDATION FOR ADVANCEMENT IN THE ARTS INC.
Totals
- Total revenue
- $11,956,692
- Total expenses
- $10,143,410
- Contributions and grants received
- $10,198,565
- Grants paid
- $1,079,689
- Program service revenue
- $215,553
- Investment income
- $2,322,669
- Other revenue
- -$780,095
- Total assets, end of year
- $56,119,714
- Total liabilities, end of year
- -$45,825
- Net assets or fund balances, end of year
- $56,165,539
- Program services expenses (Part IX)
- $8,211,685
- Management and general expenses
- $831,060
- Fundraising expenses
- $1,100,665
- Program service expenses (Part III)
- $8,211,685
Program services were 81.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$1,567,797
-
1e · Government grants (contributions)
$356,771
-
1f · All other contributions, gifts and grants
$8,273,997
-
1g · Noncash contributions included above
$1,600,000
-
2a · Program service revenue: APPLICATION FEES
total $207,150 · related or exempt $207,150
-
2b · Program service revenue: TICKET SALES
total $8,403 · related or exempt $8,403
-
3 · Investment income
total $979,853 · unrelated business $0 · excluded $979,853
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $31,783,946
-
7b · Less cost or other basis and sales expenses
securities $30,441,130
-
7c · Gain or loss
securities $1,342,816
-
7d · Net gain or loss
total $1,342,816 · excluded $1,342,816
-
8a · Fundraising events: gross income
$89,600
-
8a · Fundraising events: contributions included on line 1c
$1,567,797
-
8b · Fundraising events: direct expenses
$888,370
-
8c · Net income from fundraising events
total -$798,770 · excluded -$798,770
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: MISCELLANEOUS
total $18,675 · excluded $18,675
-
11e · Other revenue, total
$18,675
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $1,079,689 · program services $1,079,689
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $1,037,708 · program services $793,245 · management and general $40,823 · fundraising $203,640
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $2,913,371 · program services $2,227,683 · management and general $114,590 · fundraising $571,098
-
8 · Pension plan contributions
total $77,266 · program services $63,205 · management and general $3,977 · fundraising $10,084
-
9 · Other employee benefits
total $248,558 · program services $182,665 · management and general $8,465 · fundraising $57,428
-
10 · Payroll taxes
total $342,499 · program services $278,867 · management and general $11,275 · fundraising $52,357
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $64,487 · program services $37,328 · management and general $23,659 · fundraising $3,500
-
11c · Fees: accounting
total $35,213 · management and general $35,213
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $171,792 · management and general $171,792
-
11g · Fees: other
total $759,545 · program services $586,086 · management and general $145,612 · fundraising $27,847
-
12 · Advertising and promotion
total $236,590 · program services $223,601 · management and general $1,233 · fundraising $11,756
-
13 · Office expenses
total $86,986 · program services $51,547 · management and general $26,644 · fundraising $8,795
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $30,850 · program services $30,849 · management and general $1
-
17 · Travel
total $1,053,439 · program services $1,003,027 · management and general $12,057 · fundraising $38,355
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $85,342 · program services $75,101 · management and general $8,534 · fundraising $1,707
-
23 · Insurance
total $51,559 · program services $38,416 · management and general $7,580 · fundraising $5,563
-
24a · Other expenses: PROGRAM & EVENT CONSULTANT
total $772,435 · program services $764,675 · management and general $2,000 · fundraising $5,760
-
24b · Other expenses: MATERIALS AND SUPPLIES
total $769,196 · program services $651,690 · management and general $69,220 · fundraising $48,286
-
24c · Other expenses: EQUIPMENT RENTAL
total $243,455 · program services $124,011 · management and general $64,955 · fundraising $54,489
-
24d · Other expenses: BAD DEBT EXPENSE
total $83,430 · program services $0 · management and general $83,430 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $4,298,320 · end of year $5,685,164
-
2 · Savings and temporary cash investments
beginning of year $4,504,018 · end of year $1,776,689
-
3 · Pledges and grants receivable
beginning of year $866,713 · end of year $776,694
-
4 · Accounts receivable
beginning of year $48,976 · end of year $36,453
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $132,347 · end of year $154,536
-
10a · Land, buildings and equipment: cost or other basis
$1,470,457
-
10b · Land, buildings and equipment: accumulated depreciation
$1,085,805
-
10c · Land, buildings and equipment, net
beginning of year $373,616 · end of year $384,652
-
11 · Investments: publicly traded securities
beginning of year $33,316,990 · end of year $37,856,130
-
12 · Investments: other securities
beginning of year $9,664,355 · end of year $8,813,500
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $380,784 · end of year $635,896
-
17 · Accounts payable and accrued expenses
beginning of year $304,700 · end of year -$45,825
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $7,034 · end of year $0
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $0 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $11,314,978 · end of year $13,021,446
-
28 · Net assets with donor restrictions
beginning of year $41,959,407 · end of year $43,144,093
Mission and programs · 2022
Mission
THE MISSION OF THE NATIONAL FOUNDATION FOR ADVANCEMENT IN THE ARTS, INC. DBA YOUNGARTS IS TO IDENTIFY EXCEPTIONAL YOUNG ARTISTS, AMPLIFY THEIR POTENTIAL AND INVEST IN THEIR LIFELONG CREATIVE FREEDOM.
Activities or mission (Part I)
IDENTIFY AND ASSIST EMERGING ARTISTS.
-
NFAA ACKNOWLEDGES ARTISTIC EXCELLENCE AND PROVIDES LIFELONG SUPPORT TO YOUNG ARTISTS IN THE LITERARY, VISUAL AND PERFORMING ARTS, INCLUDING CLASSICAL MUSIC, DANCE, DESIGN ARTS, FILM, JAZZ, PHOTOGRAPHY, THEATER, VISUAL ARTS, VOICE AND WRITING. EACH YEAR, MORE THAN 7,000 APPLICANTS SUBMIT FOR THE YOUNGARTS COMPETITION. IN 2023, 702 ARTISTS ORIGINATING FROM ACROSS THE COUNTRY WERE SELECTED AT THE FINALIST, HONORABLE MENTION AND MERIT AWARD LEVELS. WITHIN THIS TOTAL POOL, 736 CASH AWARDS WERE GRANTED (SOME WINNERS RECEIVED AWARDS IN MULTIPLE CATEGORIES), FOR A TOTAL OF $622,450 IN AWARDS. (CONTINUED ON SCHEDULE O).
Expenses $3,163,985 · Grants $601,350 · Revenue $215,553
-
PROGRAMS FOR PAST YOUNGARTS WINNERS OFFERED YOUNGARTS ARTISTS SUPPORT TO GROW THEIR CAREERS BEYOND THEIR WINNER YEAR WITHIN THREE FOCUS AREAS: CREATIVE DEVELOPMENT, PROFESSIONAL DEVELOPMENT AND COMMUNITY ENGAGEMENT. THROUGH YEAR-LONG INITIATIVES BOTH IN-PERSON AND VIRTUAL, SOLELY AUTHORIZED BY YOUNGARTS AND ACHIEVED IN PARTNERSHIP WITH COLLEAGUE INSTITUTIONS, PAST WINNERS RECEIVED ACCESS TO FELLOWSHIPS, CREATIVE RESIDENCIES, PERFORMANCE AND EXHIBITION OPPORTUNITIES, 1:1 MENTORSHIPS, AND DISCIPLINE-SPECIFIC AND SKILLS-BASED TRAINING WORKSHOPS (CONTINUED ON SCHEDULE O).
Expenses $512,686 · Grants $178,439
-
PAST WINNERS RECEIVED ACCESS TO MICROGRANTS FOR CREATIVE PROJECT SUPPORT OR EMERGENCY RELIEF. 149 CREATIVE MICROGRANTS AND 60 EMERGENCY MICROGRANTS WERE AWARDED.
Expenses $299,900 · Grants $299,900
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Tanya ReidTANYA REID
VP of FINANCE & OPERATIONS
- Total calculated
- $245,197
- From this org
- $232,493
- From related orgs
- $0
- Other
- $12,704
- Hours/week
- 40 + 10 related
Schedule J breakdown matched by us
- Base
- $232,493
- Bonus
- $0
- Other
- $0
- Deferred
- $4,790
- Nontaxable benefits
- $7,914
- Filer's total
- $245,197
-
Lisa LeoneLISA LEONE
CREATIVE PRODUCER
- Total calculated
- $243,404
- From this org
- $226,789
- From related orgs
- $0
- Other
- $16,615
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $226,789
- Bonus
- $0
- Other
- $0
- Deferred
- $8,701
- Nontaxable benefits
- $7,914
- Filer's total
- $243,404
-
Teresa D SidesTERESA D SIDES
VP OF ADVANCEMENT
- Total calculated
- $241,304
- From this org
- $233,390
- From related orgs
- $0
- Other
- $7,914
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $233,390
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $7,914
- Filer's total
- $241,304
-
REBEKAH LENGEL As of 0323
VP of STRATEGY & INNOVATION
- Total calculated
- $205,532
- From this org
- $190,050
- From related orgs
- $0
- Other
- $15,482
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $190,050
- Bonus
- $0
- Other
- $0
- Deferred
- $7,568
- Nontaxable benefits
- $7,914
- Filer's total
- $205,532
-
Lauren SnellingLAUREN SNELLING
ARTISTIC DIRECTOR (THRU 12/22)
- Total calculated
- $189,937
- From this org
- $180,572
- From related orgs
- $0
- Other
- $9,365
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $180,572
- Bonus
- $0
- Other
- $0
- Deferred
- $5,408
- Nontaxable benefits
- $3,957
- Filer's total
- $189,937
-
Angela GodingANGELA GODING
SENIOR DIR., STRATEGIC P'SHIPS
- Total calculated
- $167,475
- From this org
- $159,561
- From related orgs
- $0
- Other
- $7,914
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $159,561
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $7,914
- Filer's total
- $167,475
-
JOSYBEL MARTINEZ As of 0323
VP of EQUITY, PEOPLE & CULTURE
- Total calculated
- $151,780
- From this org
- $143,866
- From related orgs
- $0
- Other
- $7,914
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $143,866
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $7,914
- Filer's total
- $151,780
-
Christopher WilliamsCHRISTOPHER WILLIAMS
DIRECTOR OF FINANCE
- Total calculated
- $150,758
- From this org
- $137,057
- From related orgs
- $0
- Other
- $13,701
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $137,057
- Bonus
- $0
- Other
- $0
- Deferred
- $5,787
- Nontaxable benefits
- $7,914
- Filer's total
- $150,758
-
Lee S Cohen HareLEE S COHEN HARE
CREATIVE DIRECTOR
- Total calculated
- $142,397
- From this org
- $129,495
- From related orgs
- $0
- Other
- $12,902
- Hours/week
- 40
-
Sarah GraySARAH GRAY
DIR. OF INSTITUTIONAL GIVING
- Total calculated
- $127,306
- From this org
- $114,672
- From related orgs
- $0
- Other
- $12,634
- Hours/week
- 40
-
Rich KohanRICH KOHAN
PRESIDENT OF THE BOARD
- Total calculated
- $0
- Hours/week
- 5 + 1 related
-
Sarah ArisonSARAH ARISON
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 5 + 1 related
-
Natalie DigginsNATALIE DIGGINS
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Zuzanna SzadkowskiZUZANNA SZADKOWSKI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Derrick AdamsDERRICK ADAMS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Doug BlushDOUG BLUSH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Hampton CarneyHAMPTON CARNEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Linda CollLINDA COLL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Brian CullinanBRIAN CULLINAN
TRUSTEE (THRU 01/23)
- Total calculated
- $0
- Hours/week
- 1
-
Kristy EdmundsKRISTY EDMUNDS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jonathan FlackJONATHAN FLACK
TRUSTEE (As of 01/23)
- Total calculated
- $0
- Hours/week
- 1
-
Bernardo Fort-BresciaBERNARDO FORT-BRESCIA
TRUSTEE (THRU 01/23)
- Total calculated
- $0
- Hours/week
- 1
-
Jay FrankeJAY FRANKE
TRUSTEE (THRU 12/22)
- Total calculated
- $0
- Hours/week
- 1
-
Danielle GarnoDANIELLE GARNO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Rosie Gordon-WallaceROSIE GORDON-WALLACE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Michi JigarjianMICHI JIGARJIAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jason KrausJASON KRAUS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Steven MarksSTEVEN MARKS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Lauren MatthiesenLAUREN MATTHIESEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Michael McElroyMICHAEL MCELROY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dr Joan MorganDR JOAN MORGAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
John Jack O'NeilJOHN JACK O'NEIL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Glenda PedrosoGLENDA PEDROSO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Victoria RogersVICTORIA ROGERS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jean ShinJEAN SHIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Sandra TamerSANDRA TAMER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Joseph M ThompsonJOSEPH M THOMPSON
TRUSTEE (THRU 02/23)
- Total calculated
- $0
- Hours/week
- 1
-
Maurice ZarmatiMAURICE ZARMATI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Clive ChangCLIVE CHANG
PRESIDENT (As of 01/23)
- Total calculated
- $0
- Hours/week
- 40 + 5 related
-
Richard WagmanRICHARD WAGMAN
TREASURER
- Total calculated
- $0
- Hours/week
- 2
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Form 990 of other organizations
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
NAT YOUNGARTS FDN SUPPORTING ORG INC
501(C)(3) · FUNDRAISING · FL · controlled entity
Directly controlled by NFAA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 16 February 2024
- IRS schema version
- 2022v5.0
- Source object
- 202431279349303748
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