Civic Intelligence

Artsquest Foundation

990 • Fiscal year 2017 • EIN 20-0652958

Jan 01, 2017 to Dec 31, 2017 • Filed on Oct 22, 2018

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

53rd percentile

0.19x

Higher debt load relative to assets than 53% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

72nd percentile

0.50x

Higher debt load relative to revenue than 72% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

97th percentile

85%

Higher net margin than 97% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

22nd percentile

$39,440

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 1.2% of source-year revenue.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

42nd percentile

1.7%

Faster asset growth than 42% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

97th percentile

312%

Faster revenue growth than 97% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Assets

Up

$8,389,538

Up $140,076 (+1.7%) from 2016

Net Assets

Up

$6,809,246

Up $2,788,212 (+69%) from 2016

Liabilities

Down

$1,580,292

Down $2,648,136 (-63%) from 2016

Revenue

Up

$3,161,281

Up $2,393,273 (+312%) from 2016

Expenses

Down

$463,033

Down $20,291,601 (-98%) from 2016

Net Income

Up

$2,698,248

Up $22,684,874 (+114%) from 2016

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

2017

Assets$8,389,538
Liabilities$1,580,292
Net Assets$6,809,246

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

2017

Revenue$3,161,281
Expenses$463,033
Net Income$2,698,248
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Oct 22, 2018
Return Version
2017v2.3
Gross Receipts
$3,293,850
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
Investments Other Securities$827,152$996,408▲ $169,256
Cash and Non-Interest-Bearing Accounts$251,241$268,951▲ $17,710
Pledges and Grants Receivable$30,901$37,258▲ $6,357
Savings and Temporary Cash Investments$84,578$33,490▼ $51,088
Total Assets$8,249,462$8,389,538▲ $140,076
Other Assets Total$7,055,590$7,053,431▼ $2,159
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,954,267$0▼ $2,954,267
Other Liabilities$1,252,729$1,539,185▲ $286,456
Accounts Payable and Accrued Expenses$21,432$41,107▲ $19,675
Total Liabilities$4,228,428$1,580,292▼ $2,648,136
Net Assets / Fund Balance
Unrestricted Net Assets$2,951,053$5,679,653▲ $2,728,600
Permanently Rstr Net Assets$1,017,500$1,046,750▲ $29,250
Temporarily Rstr Net Assets$52,481$82,843▲ $30,362
Total Net Assets Fund Balance$4,021,034$6,809,246▲ $2,788,212
Total Liabilities and Net Assets / Fund Balance$8,249,462$8,389,538▲ $140,076

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$7,053,431--
Other Securities$-90,393--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$1,048,787$29,250▲ $64,403$25,107$1,117,333
2016$982,567-▲ $66,220-$1,048,787
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 TimeBaseTotal
Jeffrey ParksExecutive DirectorPT$39,440$39,440
Jane GeorgeExecutive DirectorPT$10,798$10,798

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
$46,052
Program Service Revenue
$0
Investment Income
$35,409
Other Revenue
$3,079,820
All Other Contributions
$25,591
Change in Net Assets
$2,698,248

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,166,498
Revenue Not Reported on Financial Statements
$-5,217
Revenue Not Reported on Form 990
$89,964
Other Revenue Adjustments
$-15,519
Total Revenue per Audited Statements
$3,256,462
Total Revenue per Form 990
$3,161,281
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$259,384
Other Expenses$203,649
Total Fundraising Expense$77,194
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$166,489$38,814$205,303
Current Officers, Directors, Trustees, and Key Employees-$12,560$37,678$50,238
Payments to Affiliates$16,000$25,107-$41,107
Fees for Services Other-$33,149-$33,149
Interest-$23,143-$23,143
Fees for Service Investment Mgmnt Fees-$10,302-$10,302
Advertising-$4,475-$4,475
Payroll Taxes-$3,843-$3,843
Fees for Services Accounting-$2,000-$2,000
Conferences and Meetings-$1,711-$1,711
Travel-$1,641-$1,641
Office Expenses-$981-$981
Other Expenses-$614$356$614
All Other Expenses--$346$346
Total Functional Expenses$16,000$369,839$77,194$463,033

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$463,033
Expenses per Audited Statements$452,731
Total Expenses per Audited Statements$452,731
Expenses Not Reported on Financial Statements$10,302
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$154,800
Fundraising Direct Expenses$22,771
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$154,800$154,800$22,771$132,029
Total Events$154,800$154,800$22,771$132,029
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$1,539,185
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 11B

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
John R Yaissle
Title
Chair
Phone
6103321300
Signed
2018-10-22
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
2
Volunteers
6

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 operations of artsquest. A second endowment was established in 2015 to support the operations of artsquest campus. A third endowment was established in 2017 to support musikfest and artsquest programs.

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.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Income from investment in partnerships -15,519.

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IRS990/NetAssetsOrFundBalancesEOYAmt06809246
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-13430
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-13430
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0132029
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0132029
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt089964
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0981
IRS990/OfficeExpensesGrp/TotalAmt0981
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt07055590
IRS990/OtherAssetsTotalGrp/EOYAmt07053431
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc1SERVICE CHARGES
IRS990/OtherExpensesGrp/Desc2MEALS & ENTERTAINMENT
IRS990/OtherExpensesGrp/Desc3DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/FundraisingAmt0356
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt080833
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12036
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2955
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3614
IRS990/OtherExpensesGrp/TotalAmt081189
IRS990/OtherExpensesGrp/TotalAmt12036
IRS990/OtherExpensesGrp/TotalAmt2955
IRS990/OtherExpensesGrp/TotalAmt3614
IRS990/OtherLiabilitiesGrp/BOYAmt01252729
IRS990/OtherLiabilitiesGrp/EOYAmt01539185
IRS990/OtherRevenueMiscGrp/BusinessCd0900000
IRS990/OtherRevenueMiscGrp/BusinessCd1541800
IRS990/OtherRevenueMiscGrp/Desc0REFINANCE OF DEBT
IRS990/OtherRevenueMiscGrp/Desc1PARTNERSHIP REVENUE
IRS990/OtherRevenueMiscGrp/ExclusionAmt02963310
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02963310
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1-15519
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt0-15519
IRS990/OtherRevenueTotalAmt02947791
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt038814
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0166489
IRS990/OtherSalariesAndWagesGrp/TotalAmt0205303
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt025107
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt016000
IRS990/PaymentsToAffiliatesGrp/TotalAmt041107
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03843
IRS990/PayrollTaxesGrp/TotalAmt03843
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt01017500
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt01046750
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt030901
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt037258
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0JOHN R YAISSLE
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0266026
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0345653
IRS990/PYOtherExpensesAmt020486121
IRS990/PYOtherRevenueAmt0139336
IRS990/PYProgramServiceRevenueAmt016993
IRS990/PYRevenuesLessExpensesAmt0-19986626
IRS990/PYSalariesCompEmpBnftPaidAmt0268513
IRS990/PYTotalExpensesAmt020754634
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0768008
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt02698248
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt020461
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt084578
IRS990/SavingsAndTempCashInvstGrp/EOYAmt033490
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/OrganizationTypeCd010
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt016000
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0ARTSQUEST
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt016000
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt01048787
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt029250
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt01117333
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt064403
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt025107
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0982567
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt01048787
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt066220
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0973013
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt017500
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0982567
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-7946
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0918744
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt064467
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0973013
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt030793
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt040991
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt010302
IRS990ScheduleD/ExpensesSubtotalAmt0452731
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt010302
IRS990ScheduleD/InvestmentExpensesNotIncldAmt010302
IRS990ScheduleD/NetUnrealizedGainsInvstAmt089964
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt07053431
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE FROM AFFILIATE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01539185
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO AFFILIATE
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-15519
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt01086801
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1-90393
IRS990ScheduleD/OtherSecuritiesGrp/Desc0BOENNING & SCATTERGOOD
IRS990ScheduleD/OtherSecuritiesGrp/Desc1INVESTMENT IN ARTONOMOUS MEDIA LP
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.94000
IRS990ScheduleD/RevenueNotReportedAmt089964
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-5217
IRS990ScheduleD/RevenueSubtotalAmt03166498
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 OPERATIONS OF ARTSQUEST. A SECOND ENDOWMENT WAS ESTABLISHED IN 2015 TO SUPPORT THE OPERATIONS OF ARTSQUEST CAMPUS. A THIRD ENDOWMENT WAS ESTABLISHED IN 2017 TO SUPPORT MUSIKFEST AND ARTSQUEST PROGRAMS.
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.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2INCOME FROM INVESTMENT IN PARTNERSHIPS -15,519.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.06000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt07053431
IRS990ScheduleD/TotalBookValueSecuritiesAmt0996408
IRS990ScheduleD/TotalExpensesPerForm990Amt0463033
IRS990ScheduleD/TotalLiabilityAmt01539185
IRS990ScheduleD/TotalRevenuePerForm990Amt03161281
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03256462
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0452731
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt022771
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0154800
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0154800
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0154800
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0154800
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0132029
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt022771
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt022771
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 11B
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

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
2017Detailed filing. Detailed filing data is available for this year.$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