Civic Intelligence

Artsquest Foundation

990 • Fiscal year 2015 • EIN 20-0652958

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 10, 2016

25 W Third Street No 300Bethlehem, PA 18015

(610) 332-1300

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

37th percentile

0.16x

Higher debt load relative to assets than 37% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Liabilities / Revenue

95th percentile

6.40x

Higher debt load relative to revenue than 95% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Net Margin

77th percentile

19%

Higher net margin than 77% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Top Officer Pay

9th percentile

$81,729

Higher top officer pay than 9% of similar nonprofits.

Top officer pay equals 11.9% of source-year revenue.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Asset Growth

46th percentile

0.7%

Faster asset growth than 46% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2014 to 2015

Revenue Growth

11th percentile

-21%

Faster revenue growth than 11% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2014 to 2015

Assets

Up

$28,461,697

Up $211,268 (+0.7%) from 2014

Net Assets

Up

$24,048,437

Up $108,327 (+0.5%) from 2014

Liabilities

Up

$4,413,260

Up $102,941 (+2.4%) from 2014

Revenue

Down

$689,165

Down $182,192 (-21%) from 2014

Expenses

Up

$559,335

Up $63,044 (+13%) from 2014

Net Income

Down

$129,830

Down $245,236 (-65%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0Assets 2010: $23,855,109Liabilities 2010: $13,914,919Net Assets 2010: $9,940,1902010Assets 2011: $26,559,334Liabilities 2011: $5,031,526Net Assets 2011: $21,527,8082011Assets 2012: $26,974,613Liabilities 2012: $4,154,376Net Assets 2012: $22,820,2372012Assets 2013: $27,952,433Liabilities 2013: $4,348,818Net Assets 2013: $23,603,6152013Assets 2014: $28,250,429Liabilities 2014: $4,310,319Net Assets 2014: $23,940,1102014Assets 2015: $28,461,697Liabilities 2015: $4,413,260Net Assets 2015: $24,048,4372015Assets 2016: $8,249,462Liabilities 2016: $4,228,428Net Assets 2016: $4,021,0342016Assets 2017: $8,389,538Liabilities 2017: $1,580,292Net Assets 2017: $6,809,2462017Assets 2018: $8,541,228Liabilities 2018: $1,618,444Net Assets 2018: $6,922,7842018Assets 2019: $13,758,917Liabilities 2019: $3,521,169Net Assets 2019: $10,237,7482019Assets 2020: $13,592,144Liabilities 2020: $2,874,350Net Assets 2020: $10,717,7942020Assets 2021: $13,262,058Liabilities 2021: $2,746,249Net Assets 2021: $10,515,8092021Assets 2022: $12,167,473Liabilities 2022: $2,600,691Net Assets 2022: $9,566,7822022Assets 2023: $6,831,975Liabilities 2023: $2,474,268Net Assets 2023: $4,357,7072023Assets 2024: $8,571,574Liabilities 2024: $2,469,882Net Assets 2024: $6,101,6922024

Highlighted filing

2015

Assets$28,461,697
Liabilities$4,413,260
Net Assets$24,048,437

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$40M$20M$0-$20MExpenses 2010: $809,0632010Revenue 2011: $8,807,497Expenses 2011: $1,209,133Net Income 2011: $7,598,3642011Expenses 2012: $752,8852012Revenue 2013: $1,173,789Expenses 2013: $503,786Net Income 2013: $670,0032013Revenue 2014: $871,357Expenses 2014: $496,291Net Income 2014: $375,0662014Revenue 2015: $689,165Expenses 2015: $559,335Net Income 2015: $129,8302015Revenue 2016: $768,008Expenses 2016: $20,754,634Net Income 2016: -$19,986,6262016Revenue 2017: $3,161,281Expenses 2017: $463,033Net Income 2017: $2,698,2482017Revenue 2018: $506,588Expenses 2018: $222,368Net Income 2018: $284,2202018Revenue 2019: $3,163,447Expenses 2019: $210,034Net Income 2019: $2,953,4132019Revenue 2020: $730,307Expenses 2020: $165,892Net Income 2020: $564,4152020Revenue 2021: $328,571Expenses 2021: $356,493Net Income 2021: -$27,9222021Revenue 2022: $79,021Expenses 2022: $210,531Net Income 2022: -$131,5102022Revenue 2023: $292,257Expenses 2023: $5,836,797Net Income 2023: -$5,544,5402023Revenue 2024: $1,530,863Expenses 2024: $330,220Net Income 2024: $1,200,6432024

Highlighted filing

2015

Revenue$689,165
Expenses$559,335
Net Income$129,830
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 10, 2016
Return Version
2015v2.1
Gross Receipts
$726,353
Mission and Program Overview

Mission

Collect and manage donations and to support artsquest.

To collect and manage donations and to support artsquest and their programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$20,073,902$20,285,507▲ $211,605
Investments Other Securities$973,013$919,923▼ $53,090
Cash and Non-Interest-Bearing Accounts$201,621$187,711▼ $13,910
Pledges and Grants Receivable$160,755$51,888▼ $108,867
Accounts Receivable$7,298$0▼ $7,298
Savings and Temporary Cash Investments$857$875▲ $18
Total Assets$28,250,429$28,461,697▲ $211,268
Other Assets Total$6,832,983$7,015,793▲ $182,810
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,128,940$3,039,976▼ $88,964
Other Liabilities$708,982$959,014▲ $250,032
Deferred Revenue$424,146$407,153▼ $16,993
Accounts Payable and Accrued Expenses$48,251$7,117▼ $41,134
Total Liabilities$4,310,319$4,413,260▲ $102,941
Net Assets / Fund Balance
Unrestricted Net Assets$21,748,705$21,743,766▼ $4,939
Temporarily Rstr Net Assets$1,191,405$1,287,171▲ $95,766
Permanently Rstr Net Assets$1,000,000$1,017,500▲ $17,500
Total Net Assets Fund Balance$23,940,110$24,048,437▲ $108,327
Total Liabilities and Net Assets / Fund Balance$28,250,429$28,461,697▲ $211,268

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$7,011,730--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$973,013$17,500▼ $7,946-$982,567
2014$918,744$64,467▲ $30,793$40,991$973,013
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jeffrey ParksExecutive DirectorPT$74,184$7,545$81,729

Board Members and Trustees

NameTitle
Jack YaissleChair
Michael PerrucciVice Chair
Dan CrowleyDirector
David LobachDirector
John McgladeDirector
Michael DunnDirector
Susan SchuppDirector
Mike AlbarellSecretary
Thomas RiddleTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$280,714
Program Service Revenue
$16,993
Investment Income
$325,336
Other Revenue
$66,122
All Other Contributions
$34,714
Change in Net Assets
$129,830

Audited Revenue Reconciliation

Revenue per Audited Statements
$689,165
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-21,503
Total Revenue per Audited Statements
$667,662
Total Revenue per Form 990
$689,165
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$293,409
Salaries, Compensation, and Employee Benefits$265,926
Total Fundraising Expense$66,348
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$172,777$12,610$185,387
Interest-$156,564-$156,564
Current Officers, Directors, Trustees, and Key Employees-$29,674$44,510$74,184
Payments to Affiliates$16,230--$16,230
Fees for Service Investment Mgmnt Fees-$9,087-$9,087
Information Technology-$7,811-$7,811
Payroll Taxes-$6,355-$6,355
Fees for Services Other-$6,088-$6,088
Depreciation Depletion-$5,569-$5,569
All Other Expenses-$5,131-$5,131
Advertising-$3,882-$3,882
Other Expenses-$3,225$3,640$3,225
Conferences and Meetings-$2,120-$2,120
Travel-$1,154-$1,154
Office Expenses-$265-$265
Fees for Services Accounting-$106-$106
Total Functional Expenses$16,230$476,757$66,348$559,335

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$559,335
Total Expenses per Audited Statements$559,335
Total Expenses per Form 990$559,335
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$81,450
Fundraising Direct Expenses$15,328
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$81,450$81,450$15,328$66,122
Total Events$81,450$81,450$15,328$66,122
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliate$959,014
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

The form will be reviewed by the executive director and the treasurer of the board of trustees for verification of information submitted. After review and approval, the form 990 will be distributed to the entire board of trustees. Only after this process will the form 990 be filed.

Form 990, Part VI, Section B, Line 12C

Any business relationships between the organization and it's board members are discussed with the board of directors to verify that there is not a conflict of interest or excess benefit transaction to the board member. The organization's conflict of interest policy is included in the bylaws of the organization.

Form 990, Part VI, Section C, Line 18

The organization's form 990 and form 1023 are available upon request.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Artsquest Foundation
EIN
20-0652958
Phone
6103321300
Address
25 W THIRD STREET NO 300, BETHLEHEM, PA 18015

Signing Officer

Name
Jack Yaissle
Title
Chair
Phone
6103321300
Signed
2016-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John R Yaissle
Formed
2004
Legal Domicile
Pa
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
0

Preparer

Firm
Concannon Miller & Co Pc
Address
1525 VALLEY CENTER PARKWAY STE 300, BETHLEHEM, PA 18017-2285
Preparer
Andrea L Brady CPA
Phone
6104335501
Supplemental Narrative

Additional Explanations

Form 990 Part XI Line 2C

The organization has an audit committee that oversees the work performed, compesation of, and choosing of the independent auditor.

Financial Statement Notes

PART V, LINE 4:

The organization's original permanent endowment funds were created by a donor in 2004 of which the income is to be used to support the organization's operations. A second endowment was established in 2015 to support the operations of artsquest campus.

PART X, LINE 2:

The internal revenue service recognizes artsquest foundation as exempt from income taxes under section 501(c)(3) of the internal revenue code and similar state provisions. Income from activities not directly related to these organization's tax-exempt purpose, if any, would be subject to taxation as unrelated business income. Accordingly, no provision for income taxes is included in the accompanying consolidated financial statements. The organization complies with the guidance for uncertainty in income taxes using the provisions of fasb asc 740, income taxes. Using that guidance tax positions initially need to be recognized in the financial statements when it is more-likely-than-not the position will be sustained upon examination by tax authorities. As of december 31, 2015 and 2014, the organization had no uncertain tax positions that qualify for either recognition or disclosure in the consolidated financial statements. The organization's tax years 2012 and forward remain open for examination by federal and state taxing authorities.

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IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-21860
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt066122
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt066122
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-21503
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0265
IRS990/OfficeExpensesGrp/TotalAmt0265
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt06832983
IRS990/OtherAssetsTotalGrp/EOYAmt07015793
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc1BAD DEBTS
IRS990/OtherExpensesGrp/Desc2DONOR DEVELOPMENT
IRS990/OtherExpensesGrp/Desc3PRINTING
IRS990/OtherExpensesGrp/FundraisingAmt05588
IRS990/OtherExpensesGrp/FundraisingAmt13640
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt062628
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt14321
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt23225
IRS990/OtherExpensesGrp/TotalAmt068216
IRS990/OtherExpensesGrp/TotalAmt14321
IRS990/OtherExpensesGrp/TotalAmt23640
IRS990/OtherExpensesGrp/TotalAmt33225
IRS990/OtherLiabilitiesGrp/BOYAmt0708982
IRS990/OtherLiabilitiesGrp/EOYAmt0959014
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt012610
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0172777
IRS990/OtherSalariesAndWagesGrp/TotalAmt0185387
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt020073902
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt020285507
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt016230
IRS990/PaymentsToAffiliatesGrp/TotalAmt016230
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt06355
IRS990/PayrollTaxesGrp/TotalAmt06355
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt01000000
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt01017500
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0160755
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt051888
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0JOHN R YAISSLE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0541300
IRS990/ProgramServiceRevenueGrp/Desc0DEVELOPER FEE INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt016993
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt016993
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0244144
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0377827
IRS990/PYOtherExpensesAmt0328562
IRS990/PYOtherRevenueAmt0225095
IRS990/PYProgramServiceRevenueAmt024291
IRS990/PYRevenuesLessExpensesAmt0375066
IRS990/PYSalariesCompEmpBnftPaidAmt0167729
IRS990/PYTotalExpensesAmt0496291
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0871357
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0129830
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt0246000
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0857
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0875
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0232280560
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd09
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt016230
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0ARTSQUEST
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt016230
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0973013
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt017500
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0982567
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-7946
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0918744
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt064467
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0973013
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt030793
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt040991
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0559335
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-21503
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt04063
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt17011730
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRED FINANCING FEES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DUE FROM AFFILIATE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0959014
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO AFFILIATE
IRS990ScheduleD/RevenueNotReportedAmt0-21503
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0689165
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S ORIGINAL PERMANENT ENDOWMENT FUNDS WERE CREATED BY A DONOR IN 2004 OF WHICH THE INCOME IS TO BE USED TO SUPPORT THE ORGANIZATION'S OPERATIONS. A SECOND ENDOWMENT WAS ESTABLISHED IN 2015 TO SUPPORT THE OPERATIONS OF ARTSQUEST CAMPUS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE INTERNAL REVENUE SERVICE RECOGNIZES ARTSQUEST FOUNDATION AS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SIMILAR STATE PROVISIONS. INCOME FROM ACTIVITIES NOT DIRECTLY RELATED TO THESE ORGANIZATION'S TAX-EXEMPT PURPOSE, IF ANY, WOULD BE SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION COMPLIES WITH THE GUIDANCE FOR UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF FASB ASC 740, INCOME TAXES. USING THAT GUIDANCE TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE-LIKELY-THAN-NOT THE POSITION WILL BE SUSTAINED UPON EXAMINATION BY TAX AUTHORITIES. AS OF DECEMBER 31, 2015 AND 2014, THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION'S TAX YEARS 2012 AND FORWARD REMAIN OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TermEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt07015793
IRS990ScheduleD/TotalExpensesPerForm990Amt0559335
IRS990ScheduleD/TotalLiabilityAmt0959014
IRS990ScheduleD/TotalRevenuePerForm990Amt0689165
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0667662
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0559335
IRS990ScheduleG/AgrmtProfFundraisingActyInd00
IRS990ScheduleG/EmailSolicitationsInd0X
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt015328
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt081450
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt081450
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt081450
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt081450
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt066122
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt015328
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt015328
IRS990ScheduleG/InPersonSolicitationsInd0X
IRS990ScheduleG/MailSolicitationsInd0X
IRS990ScheduleG/SolicitationOfNonGovtGrantsInd0X
IRS990ScheduleG/SpecialFundraisingEventsInd0X
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM WILL BE REVIEWED BY THE EXECUTIVE DIRECTOR AND THE TREASURER OF THE BOARD OF TRUSTEES FOR VERIFICATION OF INFORMATION SUBMITTED. AFTER REVIEW AND APPROVAL, THE FORM 990 WILL BE DISTRIBUTED TO THE ENTIRE BOARD OF TRUSTEES. ONLY AFTER THIS PROCESS WILL THE FORM 990 BE FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANY BUSINESS RELATIONSHIPS BETWEEN THE ORGANIZATION AND IT'S BOARD MEMBERS ARE DISCUSSED WITH THE BOARD OF DIRECTORS TO VERIFY THAT THERE IS NOT A CONFLICT OF INTEREST OR EXCESS BENEFIT TRANSACTION TO THE BOARD MEMBER. THE ORGANIZATION'S CONFLICT OF INTEREST POLICY IS INCLUDED IN THE BYLAWS OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S FORM 990 AND FORM 1023 ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION HAS AN AUDIT COMMITTEE THAT OVERSEES THE WORK PERFORMED, COMPESATION OF, AND CHOOSING OF THE INDEPENDENT AUDITOR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990 PART XI LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.57$2.47$6.10$1.53$0.33$1.20
2023Summary only. Only limited summary data is available for this year.$6.83$2.47$4.36$0.29$5.84$5.54
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.2$2.60$9.57$0.08$0.21$0.13
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.3$2.75$10.5$0.33$0.36$0.03
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.6$2.87$10.7$0.73$0.17$0.56
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.8$3.52$10.2$3.16$0.21$2.95
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.54$1.62$6.92$0.51$0.22$0.28
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.39$1.58$6.81$3.16$0.46$2.70
2016Summary only. Only limited summary data is available for this year.$8.25$4.23$4.02$0.77$20.8$20.0
2015Detailed filing. Detailed filing data is available for this year.$28.5$4.41$24.0$0.69$0.56$0.13
2014Detailed filing. Detailed filing data is available for this year.$28.3$4.31$23.9$0.87$0.50$0.38
2013Detailed filing. Detailed filing data is available for this year.$28.0$4.35$23.6$1.17$0.50$0.67
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$27.0$4.15$22.8$0.75
2011Summary only. Only limited summary data is available for this year.$26.6$5.03$21.5$8.81$1.21$7.60
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.9$13.9$9.94$0.81