Form 990 for tax year 2024
Filed by ART DEALERS ASSOCIATION OF AMERICA INC.
Totals
- Total revenue
- $5,083,538
- Total expenses
- $4,930,864
- Contributions and grants received
- $4,651,450
- Grants paid
- $116,405
- Program service revenue
- $0
- Investment income
- $354,658
- Other revenue
- $77,430
- Total assets, end of year
- $4,103,466
- Total liabilities, end of year
- $311,398
- Net assets or fund balances, end of year
- $3,792,068
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
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.
-
1b · Membership dues
$994,127
-
1f · All other contributions, gifts and grants
$3,657,323
-
3 · Investment income
total $45,579 · excluded $45,579
-
7a · Gross sales of assets other than inventory
securities $309,102
-
7b · Less cost or other basis and sales expenses
securities $23
-
7c · Gain or loss
securities $309,079
-
7d · Net gain or loss
total $309,079 · related or exempt $309,079
-
11a · Other revenue: Rental Inc - Subtenant
total $73,355 · related or exempt $73,355
-
11b · Other revenue: Other Income
total $4,075 · related or exempt $4,075
-
11e · Other revenue, total
$77,430
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $116,405
-
5 · Compensation of officers, directors and key employees
total $270,666
-
7 · Other salaries and wages
total $306,325
-
9 · Other employee benefits
total $59,765
-
10 · Payroll taxes
total $49,020
-
11b · Fees: legal
total $38,297
-
11c · Fees: accounting
total $65,500
-
11d · Fees: lobbying
total $121,057
-
11f · Fees: investment management
total $28,124
-
13 · Office expenses
total $14,873
-
16 · Occupancy
total $380,197
-
17 · Travel
total $23,362
-
22 · Depreciation, depletion and amortization
total $1,980
-
23 · Insurance
total $11,806
-
24a · Other expenses: Art Show - Booth Constr
total $840,623
-
24b · Other expenses: Art Show - Venue Rental
total $686,519
-
24c · Other expenses: Art Show - Advertising
total $392,942
-
24d · Other expenses: Co-op Advertising Expen
total $303,716
-
24e · All other expenses
total $1,219,687
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,262,389 · end of year $922,446
-
2 · Savings and temporary cash investments
beginning of year $379,138 · end of year $67,492
-
4 · Accounts receivable
beginning of year $116,928 · end of year $69,063
-
9 · Prepaid expenses and deferred charges
beginning of year $103,408 · end of year $109,510
-
10a · Land, buildings and equipment: cost or other basis
$55,893
-
10b · Land, buildings and equipment: accumulated depreciation
$40,064
-
10c · Land, buildings and equipment, net
beginning of year $17,809 · end of year $15,829
-
11 · Investments: publicly traded securities
beginning of year $2,476,151 · end of year $2,814,503
-
15 · Other assets
beginning of year $103,872 · end of year $104,623
-
17 · Accounts payable and accrued expenses
beginning of year $193,338 · end of year $60,898
-
19 · Deferred revenue
beginning of year $626,963 · end of year $250,500
-
29 · Capital stock, trust principal or current funds
beginning of year $1,058,889 · end of year $1,058,889
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $2,580,505 · end of year $2,733,179
Mission and programs · 2024
Mission
See Schedule O.
Activities or mission (Part I)
Organization's mission is described on Schedule O.
-
See Schedule O.
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Susan Sheehan
President
- Total calculated
- $0
- Hours/week
- 5
-
Todd Hosfelt
Vice President
- Total calculated
- $0
- Hours/week
- 5
-
David Totah
Member, Bd of Directors
- Total calculated
- $0
- Hours/week
- 1
-
Josh Pazda
Member, Bd of Directors
- Total calculated
- $0
- Hours/week
- 1
-
Nicola Lorenz
Member, Bd of Directors
- Total calculated
- $0
- Hours/week
- 1
-
Julie Roberts
Member, Bd of Directors
- Total calculated
- $0
- Hours/week
- 1
-
Amanda Stoffel
Member, Bd of Directors
- Total calculated
- $0
- Hours/week
- 1
-
Tarrah von Lintel
Member, Bd of Directors
- Total calculated
- $0
- Hours/week
- 1
-
Jessie Washburne-Harris
Member, Bd of Directors
- Total calculated
- $0
- Hours/week
- 1
-
Dan Alberto Yoshii
Member, Bd of Directors
- Total calculated
- $0
- Hours/week
- 1
-
Joeonna Bellorado-Samuels
Member, Bd of Directors
- Total calculated
- $0
- Hours/week
- 1
-
Tina Kim
Member, Bd of Directors
- Total calculated
- $0
- Hours/week
- 1
-
Elizabeth Leach
Member, Bd of Directors
- Total calculated
- $0
- Hours/week
- 1
-
Shulamit Nazarian
Member, Bd of Directors
- Total calculated
- $0
- Hours/week
- 1
-
Dennis Yares
Member, Bd of Directors
- Total calculated
- $0
- Hours/week
- 1
-
Cristin Tierney
Secretary
- Total calculated
- $0
- Hours/week
- 5
-
Mary Ryan
Treasurer
- Total calculated
- $0
- Hours/week
- 5
-
Jessica Silverman
Member, Bd of Directors
- Total calculated
- $0
- Hours/week
- 1
-
Maureen Bray
Exec Director
- Total calculated
- $226,309
- From this org
- $226,309
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $226,309
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $226,309
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 · 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
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
-
$100,000
Support to provide critical relief support to visual arts organization inpacted by environmental
-
Support to provide critical relief support to visual arts organization inpacted by environmental
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 20 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202513249349300401
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