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← FOUNDATION FOR INDEPENDENT ARTISTS INC

Form 990 for tax year 2022

Filed by FOUNDATION FOR INDEPENDENT ARTISTS INC.

Totals

Total revenue
$2,818,164
Total expenses
$3,617,227
Contributions and grants received
$1,586,717
Grants paid
$0
Program service revenue
$1,218,155
Investment income
$0
Other revenue
$13,292
Total assets, end of year
$2,842,517
Total liabilities, end of year
$109,363
Net assets or fund balances, end of year
$2,733,154
Program services expenses (Part IX)
$2,523,591
Management and general expenses
$970,536
Fundraising expenses
$123,100
Program service expenses (Part III)
$2,523,591

Program services were 69.8% 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

    $32,096

  • 1e · Government grants (contributions)

    $41,463

  • 1f · All other contributions, gifts and grants

    $1,513,158

  • 2a · Program service revenue: PERFORMANCES AND WORKSHOPS

    total $1,218,155 · unrelated business $0 · excluded $0

  • 8a · Fundraising events: gross income

    $22,475

  • 8a · Fundraising events: contributions included on line 1c

    $32,096

  • 8b · Fundraising events: direct expenses

    $11,933

  • 8c · Net income from fundraising events

    total $10,542 · unrelated business $0 · excluded $10,542

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $2,750 · related or exempt $2,750 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $2,750

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $1,165,883 · program services $700,280 · management and general $392,052 · fundraising $73,551

  • 9 · Other employee benefits

    total $87,424 · program services $52,510 · management and general $29,398 · fundraising $5,516

  • 10 · Payroll taxes

    total $71,996 · program services $43,244 · management and general $24,210 · fundraising $4,542

  • 11b · Fees: legal

    total $11,090 · program services $0 · management and general $11,090 · fundraising $0

  • 11c · Fees: accounting

    total $1,000 · program services $0 · management and general $1,000 · fundraising $0

  • 11g · Fees: other

    total $962,494 · program services $846,174 · management and general $113,645 · fundraising $2,675

  • 12 · Advertising and promotion

    total $64,024 · program services $38,456 · management and general $21,529 · fundraising $4,039

  • 13 · Office expenses

    total $65,784 · program services $13,893 · management and general $50,432 · fundraising $1,459

  • 16 · Occupancy

    total $161,589 · program services $159,048 · management and general $2,140 · fundraising $401

  • 17 · Travel

    total $470,847 · program services $282,811 · management and general $158,332 · fundraising $29,704

  • 23 · Insurance

    total $11,610 · program services $7,518 · management and general $3,445 · fundraising $647

  • 24a · Other expenses: ADMINISTRATIVE FEES

    total $297,659 · program services $162,484 · management and general $135,175 · fundraising $0

  • 24b · Other expenses: BANK CHARGES

    total $11,564 · program services $0 · management and general $11,564 · fundraising $0

  • 24c · Other expenses: TELEPHONE

    total $8,977 · program services $5,392 · management and general $3,019 · fundraising $566

  • 24d · Other expenses: PRODUCTION

    total $211,781 · program services $211,781 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $13,505 · program services $0 · management and general $13,505 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,451,526 · end of year $2,624,364

  • 3 · Pledges and grants receivable

    beginning of year $169,444 · end of year $66,125

  • 4 · Accounts receivable

    beginning of year $20,260 · end of year $123,931

  • 9 · Prepaid expenses and deferred charges

    end of year $28,097

  • 17 · Accounts payable and accrued expenses

    beginning of year $70,833 · end of year $98,186

  • 19 · Deferred revenue

    beginning of year $18,000

  • 25 · Other liabilities

    beginning of year $20,180 · end of year $11,177

  • 27 · Net assets without donor restrictions

    beginning of year $1,943,758 · end of year $1,815,195

  • 28 · Net assets with donor restrictions

    beginning of year $1,588,459 · end of year $917,959

Mission and programs · 2022

Mission

THE ORGANIZATION PROVIDES ARTISTIC ENTITIES WITH A CORPORATE STRUCTURE AND FOSTERS THEIR ART THROUGH A COMBINATION OF INFRASTUCTURE, FINANCIAL, AND ADMINISTRATIVE SUPPORT.

  • THE ORGANIZATION PROVIDES ARTISTIC ENTITIES WITH A CORPORATE STRUCTURE AND FOSTERS THEIR ART THROUGH A COMBINATION OF INFRASTUCTURE, FINANCIAL, AND ADMINISTRATIVE SUPPORT. PERFORMANCES ARE HELD THROUGHOUT THE UNITED STATES AND EUROPE. NEW WORKS ARE CREATED, AND RESIDENCIES ARE HELD.

    Expenses $2,523,591 · Revenue $1,218,155

As filed on the 2022 return.

Listed in Part VII

  • Clarissa Soto-Josephs

    TREASURER

    Total calculated
    $111,937
    From this org
    $0
    From related orgs
    $103,000
    Other
    $8,937
    Hours/week
    0

  • Alex Goleman

    PRESIDENT (RESIGNED 4/27/2023)

    Total calculated
    $79,794
    From this org
    $0
    From related orgs
    $77,988
    Other
    $1,806
    Hours/week
    0

  • Anna Brady Marcus

    PRESIDENT/SECRETARY

    Total calculated
    $15,150
    From this org
    $0
    From related orgs
    $15,150
    Other
    $0
    Hours/week
    0

  • Marilyn Francescon

    SECRETARY

    Total calculated
    $0
    Hours/week
    0

  • Judy Boomer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

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.

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.

  • DANCE WORKS INC

    501(c)(3) · ADMINISTRATIVE SERVICES · NY

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2022
Filed
14 May 2024
IRS schema version
2022v5.0
Source object
202401359349306355

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