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Nonprofiteer
← ARTSMART

Form 990 for tax year 2022

Filed by ARTSMART.

Totals

Total revenue
$770,788
Total expenses
$742,713
Contributions and grants received
$728,536
Grants paid
$0
Program service revenue
$0
Investment income
$484
Other revenue
$41,768
Total assets, end of year
$227,242
Total liabilities, end of year
$154,531
Net assets or fund balances, end of year
$72,711
Program services expenses (Part IX)
$462,172
Management and general expenses
$61,866
Fundraising expenses
$218,675
Program service expenses (Part III)
$462,172

Program services were 62.2% 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.

  • 1f · All other contributions, gifts and grants

    $728,536

  • 1g · Noncash contributions included above

    $97,524

  • 3 · Investment income

    total $484 · excluded $484

  • 8a · Fundraising events: gross income

    $63,580

  • 8b · Fundraising events: direct expenses

    $21,812

  • 8c · Net income from fundraising events

    total $41,768 · excluded $41,768

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $146,993 · program services $100,496 · management and general $17,334 · fundraising $29,163

  • 9 · Other employee benefits

    total $3,029 · program services $889 · management and general $61 · fundraising $2,079

  • 10 · Payroll taxes

    total $14,238 · program services $9,734 · management and general $1,679 · fundraising $2,825

  • 11c · Fees: accounting

    total $20,525 · management and general $20,525

  • 11g · Fees: other

    total $484,905 · program services $320,176 · management and general $15,368 · fundraising $149,361

  • 13 · Office expenses

    total $2,760 · program services $124 · management and general $1,889 · fundraising $747

  • 14 · Information technology

    total $12,066 · program services $2,789 · management and general $796 · fundraising $8,481

  • 16 · Occupancy

    total $530 · management and general $530

  • 17 · Travel

    total $6,459 · fundraising $6,459

  • 19 · Conferences, conventions and meetings

    total $285 · fundraising $285

  • 20 · Interest

    total $5,760 · program services $5,760

  • 23 · Insurance

    total $10,823 · program services $7,959 · management and general $2,384 · fundraising $480

  • 24a · Other expenses: PROMOTION

    total $14,851 · fundraising $14,851

  • 24b · Other expenses: COST OF PERFORMANCES

    total $10,462 · program services $10,462

  • 24c · Other expenses: BANK CHARGES

    total $4,041 · program services $22 · management and general $273 · fundraising $3,746

  • 24d · Other expenses: PROGRAM REVIEW STUDY

    total $3,670 · program services $3,670

  • 24e · All other expenses

    total $1,316 · program services $91 · management and general $1,027 · fundraising $198

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $196,077 · end of year $129,711

  • 2 · Savings and temporary cash investments

    end of year $97,531

  • 22 · Loans and payables to officers and key people

    beginning of year $1,741 · end of year $1,741

  • 23 · Secured mortgages and notes payable

    beginning of year $149,700 · end of year $149,700

  • 25 · Other liabilities

    end of year $3,090

  • 27 · Net assets without donor restrictions

    beginning of year $18,841 · end of year -$80,240

  • 28 · Net assets with donor restrictions

    beginning of year $25,795 · end of year $152,951

Mission and programs · 2022

Mission

ARTSMART SEEKS TO MAKE THE WORLD FULLER, MORE OPEN, AND MORE ADVANCED BY EMPOWERING INDIVIDUALS TO PURSUE THEIR DREAMS IN ART AND MUSIC. WE PROVIDE HIGH QUALITY MUSIC LESSONS AND INSPIRATIONAL PERFORMANCES TO STUDENTS WHO WOULDN'TOTHERWISE BE ABLE TO AFFORD THEM.

Activities or mission (Part I)

ARTSMART IS A NON-PROFIT ORGANIZATION WHOSE MISSION IS TO TRANSFORM THE LIVES OF YOUTH IN UNDER-RESOURCED COMMUNITIES ACROSS THE US THROUGH TUITION-FREE MUSIC LESSONS AND MENTORSHIP BY PAID, PROFESSIONAL ARTISTS. SINCE 2016, ARTSMART IS OPERATING IN 8 REGIONS IN TITLE 1 SCHOOLS THROUGHOUT THE US, PROVIDING NEARLY 35,000 MUSIC LESSIONS BY PROFESSIONAL MUSICIANS, AND PAYING OUR MENTORS MORE THE 1.4 MILLION IN COMPENSATION FOR THEIR EXPERTISE.

  • TO PROVIDE HIGH QUALITY MUSIC LESSONS AND INSPIRATIONAL PERFORMANCES TO STUDENTS WHO WOULDN'T OTHERWISE BE ABLE TO AFFORD THEM.

    Expenses $462,172

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • John Viscardi

    TREASURER

    Total calculated
    $29,752
    From this org
    $29,752
    From related orgs
    $0
    Other
    $0
    Hours/week
    20
  • Liz Letak

    SECRETARY

    Total calculated
    $18,000
    From this org
    $18,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    20
  • Kelly Clarke

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Dr Marvin Curtis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Anthony Fabiano

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Michael Fabiano

    EXEC. DIRECT

    Total calculated
    $0
    Hours/week
    2
  • Latonia Moore

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • George Shirely

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2
  • Nadine Sierra

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Susan Stauter

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Dr Louis Toppin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Rosemary Vega

    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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
7 May 2024
IRS schema version
2022v5.0
Source object
202401349349309595

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