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Nonprofiteer
← ARTSQUEST FOUNDATION

Form 990 for tax year 2024

Filed by ARTSQUEST FOUNDATION.

Totals

Total revenue
$1,530,863
Total expenses
$330,220
Contributions and grants received
$1,232,893
Grants paid
$105,893
Program service revenue
$0
Investment income
$242,232
Other revenue
$55,738
Total assets, end of year
$8,571,574
Total liabilities, end of year
$2,469,882
Net assets or fund balances, end of year
$6,101,692
Program services expenses (Part IX)
$105,893
Management and general expenses
$72,362
Fundraising expenses
$151,965
Program service expenses (Part III)
$105,893

Program services were 32.1% 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

    $84,768

  • 1f · All other contributions, gifts and grants

    $1,148,125

  • 3 · Investment income

    total $141,615 · excluded $141,615

  • 7a · Gross sales of assets other than inventory

    securities $1,870,436

  • 7b · Less cost or other basis and sales expenses

    securities $1,769,819

  • 7c · Gain or loss

    securities $100,617

  • 7d · Net gain or loss

    total $100,617 · excluded $100,617

  • 8a · Fundraising events: gross income

    $28,541

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

    $84,768

  • 8b · Fundraising events: direct expenses

    $10,010

  • 8c · Net income from fundraising events

    total $18,531 · excluded $18,531

  • 11a · Other revenue: PARTNERSHIP GAIN

    total $37,207 · unrelated business $37,207

  • 11e · Other revenue, total

    $37,207

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $105,893 · program services $105,893

  • 5 · Compensation of officers, directors and key employees

    total $144,987 · management and general $12,471 · fundraising $132,516

  • 10 · Payroll taxes

    total $8,315 · fundraising $8,315

  • 11c · Fees: accounting

    total $2,625 · management and general $2,625

  • 11f · Fees: investment management

    total $26,158 · management and general $26,158

  • 11g · Fees: other

    total $3,735 · management and general $3,735

  • 13 · Office expenses

    total $21,374 · management and general $10,373 · fundraising $11,001

  • 24a · Other expenses: BAD DEBT

    total $17,000 · management and general $17,000

  • 24b · Other expenses: PRODUCTION

    total $133 · fundraising $133

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $351,283 · end of year $407,205

  • 3 · Pledges and grants receivable

    beginning of year $25,000 · end of year $743,899

  • 11 · Investments: publicly traded securities

    beginning of year $4,228,535 · end of year $5,104,296

  • 15 · Other assets

    beginning of year $2,227,157 · end of year $2,316,174

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,975 · end of year $17,072

  • 25 · Other liabilities

    beginning of year $2,464,293 · end of year $2,452,810

  • 27 · Net assets without donor restrictions

    beginning of year $2,922,042 · end of year $3,548,899

  • 28 · Net assets with donor restrictions

    beginning of year $1,435,665 · end of year $2,552,793

Mission and programs · 2024

Mission

COLLECT AND MANAGE DONATIONS AND TO SUPPORT ARTSQUEST.

Activities or mission (Part I)

TO COLLECT AND MANAGE DONATIONS AND TO SUPPORT ARTSQUEST AND THEIR PROGRAMS.

  • TO DEVELOP A PLANNED GIVING PROGRAM TO SUPPORT ARTSQUEST; ENCOURAGE LONG-TERM FINANCIAL SUPPORT FOR ARTSQUEST; MANAGE AND INVEST THE FUNDS CONTRIBUTED TO THE FOUNDATION; MAKE DONATIONS TO ARTSQUEST TO SUPPORT ITS PROGRAMS.

    Expenses $105,893 · Grants $105,893

As filed on the 2024 return.

Listed in Part VII

  • Selena L Lavonier

    EXECUTIVE DIRECTOR

    Total calculated
    $127,263
    From this org
    $109,619
    From related orgs
    $0
    Other
    $17,644
    Hours/week
    20 + 20 related

  • Katherine E Hilgert

    ASSISTANT SECRETARY

    Total calculated
    $387,896
    From this org
    $0
    From related orgs
    $348,025
    Other
    $39,871
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $348,025 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $39,871 related
    Filer's total
    $0 + $387,896 related

  • Jason Cort

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Robert Oster

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • John Gagge

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Joseph Pietrantonio

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Anthony Carfagno

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • John Callahan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sonya Marie

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Andrea Smith

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Rachel Lower

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

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

None.

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

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.

  • ARTSQUEST

    501(C)(3) · PROMOTE PUBLIC APPRECIATION FOR THE ARTS · PA

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • ARTONOMOUS MEDIA LP

    UNRELATED · MEDIA · PA · 49.5% owned · share of income $37,207

    Directly controlled by ARTSQUEST

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202533219349308243

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