Civic Intelligence

Artsquest Foundation

990 • Fiscal year 2019 • EIN 20-0652958

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 11, 2020

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

55th percentile

0.26x

Higher debt load relative to assets than 55% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

81st percentile

1.11x

Higher debt load relative to revenue than 81% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Net Margin

98th percentile

93%

Higher net margin than 98% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

28th percentile

$119,616

Higher top officer pay than 28% of similar nonprofits.

Top officer pay equals 3.8% of source-year revenue.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Asset Growth

95th percentile

61%

Faster asset growth than 95% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

99th percentile

524%

Faster revenue growth than 99% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Assets

Up

$13,758,917

Up $5,217,689 (+61%) from 2018

Net Assets

Up

$10,237,748

Up $3,314,964 (+48%) from 2018

Liabilities

Up

$3,521,169

Up $1,902,725 (+118%) from 2018

Revenue

Up

$3,163,447

Up $2,656,859 (+524%) from 2018

Expenses

Down

$210,034

Down $12,334 (-5.5%) from 2018

Net Income

Up

$2,953,413

Up $2,669,193 (+939%) from 2018

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

2019

Assets$13,758,917
Liabilities$3,521,169
Net Assets$10,237,748

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

2019

Revenue$3,163,447
Expenses$210,034
Net Income$2,953,413
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 11, 2020
Return Version
2019v5.1
Gross Receipts
$9,983,803
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$1,052,129$3,386,091▲ $2,333,962
Cash and Non-Interest-Bearing Accounts$226,236$160,349▼ $65,887
Pledges and Grants Receivable$24,541$111,064▲ $86,523
Savings and Temporary Cash Investments$94,821$104,342▲ $9,521
Accounts Receivable$2,500--
Total Assets$8,541,228$13,758,917▲ $5,217,689
Other Assets Total$7,141,001$9,997,071▲ $2,856,070
Liabilities
Other Liabilities$1,606,023$3,512,833▲ $1,906,810
Accounts Payable and Accrued Expenses$12,211$8,336▼ $3,875
Deferred Revenue$210--
Total Liabilities$1,618,444$3,521,169▲ $1,902,725
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,861,253$8,841,861▲ $2,980,608
Net Assets With Donor Restrictions$1,061,531$1,395,887▲ $334,356
Total Net Assets Fund Balance$6,922,784$10,237,748▲ $3,314,964
Total Liabilities and Net Assets / Fund Balance$8,541,228$13,758,917▲ $5,217,689

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$4,470,383--
Other Securities$-112,481--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$1,049,490$100,000▲ $215,253-$1,364,743
2018$1,117,333-▼ $67,843-$1,049,490
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
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jane GeorgeExecutive DirectorPT$113,332$6,284$119,616

Board Members and Trustees

NameTitle
Tom RiddlePresident
Michael PerrucciVice Chair
Andrea NeagleDirector
Anthony CargagnoDirector
David LobachDirector
John McgladeDirector
Joseph PietrantonioDirector
Michael DunnDirector
Susan SchuppDirector
Mike AlbarellSecretary
Jack YaissleTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,069,996
Program Service Revenue
$0
Investment Income
$110,168
Other Revenue
$-16,717
All Other Contributions
$2,949,886
Change in Net Assets
$2,953,413

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,150,120
Revenue Not Reported on Financial Statements
$13,327
Revenue Not Reported on Form 990
$361,551
Other Revenue Adjustments
$-6,814
Total Revenue per Audited Statements
$3,511,671
Total Revenue per Form 990
$3,163,447
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Total Fundraising Expense$167,773
Salaries, Compensation, and Employee Benefits$125,361
Other Expenses$84,673
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages--$59,887$59,887
Current Officers, Directors, Trustees, and Key Employees--$56,666$56,666
Fees for Services Management-$850$42,000$42,850
Fees for Service Investment Mgmnt Fees-$20,141-$20,141
Payments to Affiliates$16,000--$16,000
Other Employee Benefits--$8,808$8,808
Fees for Services Legal-$4,565-$4,565
Office Expenses-$178-$178
Other Expenses-$527$90$90
Total Functional Expenses$16,000$26,261$167,773$210,034

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$210,034
Expenses per Audited Statements$189,893
Total Expenses per Audited Statements$189,893
Expenses Not Reported on Financial Statements$20,141
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 Direct Expenses$24,168
Fundraising Gross Income$14,265
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$134,375$14,265$6,019$8,246
Total Events$134,375$14,265$24,168$-9,903
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Charitable Gift Annuity$3,512,833
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
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
Selena Lavonier
Title
Interim Executive Director
Phone
6103321300
Signed
2020-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Selena Lavonier
Formed
2004
Legal Domicile
Pa
Voting Board Members
11
Independent Board Members
11
Employees
1
Volunteers
11

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:

Loss from investment in partnerships -6,814.

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IRS990/MissionDesc0COLLECT AND MANAGE DONATIONS AND TO SUPPORT ARTSQUEST.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt06922784
IRS990/NetAssetsOrFundBalancesEOYAmt010237748
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt030840
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt030840
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-9903
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-9903
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0361551
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt05861253
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt08841861
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0178
IRS990/OfficeExpensesGrp/TotalAmt0178
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt07141001
IRS990/OtherAssetsTotalGrp/EOYAmt09997071
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt08808
IRS990/OtherEmployeeBenefitsGrp/TotalAmt08808
IRS990/OtherExpensesGrp/Desc0MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc1PRODUCTION
IRS990/OtherExpensesGrp/Desc2PRINTING
IRS990/OtherExpensesGrp/FundraisingAmt025
IRS990/OtherExpensesGrp/FundraisingAmt1297
IRS990/OtherExpensesGrp/FundraisingAmt290
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0527
IRS990/OtherExpensesGrp/TotalAmt0552
IRS990/OtherExpensesGrp/TotalAmt1297
IRS990/OtherExpensesGrp/TotalAmt290
IRS990/OtherLiabilitiesGrp/BOYAmt01606023
IRS990/OtherLiabilitiesGrp/EOYAmt03512833
IRS990/OtherRevenueMiscGrp/BusinessCd0541800
IRS990/OtherRevenueMiscGrp/Desc0PARTNERSHIP REVENUE
IRS990/OtherRevenueMiscGrp/ExclusionAmt0-6814
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0-6814
IRS990/OtherRevenueTotalAmt0-6814
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt059887
IRS990/OtherSalariesAndWagesGrp/TotalAmt059887
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt016000
IRS990/PaymentsToAffiliatesGrp/TotalAmt016000
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt024541
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0111064
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0SELENA LAVONIER
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0408422
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0113188
IRS990/PYOtherExpensesAmt065795
IRS990/PYOtherRevenueAmt0-15022
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0284220
IRS990/PYSalariesCompEmpBnftPaidAmt0156573
IRS990/PYTotalExpensesAmt0222368
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0506588
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt02953413
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt094821
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0104342
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
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/BeginningYearBalanceAmt01049490
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0100000
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt01364743
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0215253
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01117333
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt01049490
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-67843
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt01048787
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt029250
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt01117333
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt064403
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt025107
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0982567
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt01048787
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt066220
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0973013
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt017500
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0982567
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-7946
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt020141
IRS990ScheduleD/ExpensesSubtotalAmt0189893
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt020141
IRS990ScheduleD/InvestmentExpensesNotIncldAmt020141
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0361551
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt05526688
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt14470383
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE FROM AFFILIATE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1INSURANCE POLICIES ON CHARITABLE GIFT ANNUITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03512833
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CHARITABLE GIFT ANNUITY
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-6814
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt03498572
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1-112481
IRS990ScheduleD/OtherSecuritiesGrp/Desc0BOENNING & SCATTERGOOD
IRS990ScheduleD/OtherSecuritiesGrp/Desc1INVESTMENT IN ARTONOMOUS MEDIA LP
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/RevenueNotReportedAmt0361551
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt013327
IRS990ScheduleD/RevenueSubtotalAmt03150120
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/ExplanationTxt2LOSS FROM INVESTMENT IN PARTNERSHIPS -6,814.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt09997071
IRS990ScheduleD/TotalBookValueSecuritiesAmt03386091
IRS990ScheduleD/TotalExpensesPerForm990Amt0210034
IRS990ScheduleD/TotalLiabilityAmt03512833
IRS990ScheduleD/TotalRevenuePerForm990Amt03163447
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03511671
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0189893
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0120110
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0120110
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt024168
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt013244
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt013244
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0134375
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0134375
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt014265
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt014265
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-9903
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt01155
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt01155
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt06019
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt06019
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt03750
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt03750
IRS990/ScheduleJRequiredInd00

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
2019Detailed filing. Detailed filing data is available for this year.$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