Civic Intelligence

Queer-Art

990 • Fiscal year 2023 • EIN 37-1705600

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 13, 2024

140 2nd Avenue 501New York, NY 10003

(929) 335-3707

Siviq Scores

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

Liabilities / Assets

67th percentile

0.12x

Higher debt load relative to assets than 67% of similar nonprofits.

2023 filings • NTEE A • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

39th percentile

0.02x

Higher debt load relative to revenue than 39% of similar nonprofits.

2023 filings • NTEE A • $500k-$1M nonprofits • Source year 2023

Net Margin

33rd percentile

-6.8%

Higher net margin than 33% of similar nonprofits.

2023 filings • NTEE A • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

51st percentile

$0

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • NTEE A • $500k-$1M nonprofits • Source year 2023

Asset Growth

6th percentile

-42%

Faster asset growth than 6% of similar nonprofits.

2023 filings • NTEE A • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

71st percentile

34%

Faster revenue growth than 71% of similar nonprofits.

2023 filings • NTEE A • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Down

$118,149

Down $86,025 (-42%) from 2022

Net Assets

Down

$103,724

Down $62,375 (-38%) from 2022

Liabilities

Down

$14,425

Down $23,650 (-62%) from 2022

Revenue

Up

$918,023

Up $232,973 (+34%) from 2022

Expenses

Up

$980,400

Up $249,547 (+34%) from 2022

Net Income

Down

-$62,377

Down $16,574 (-36%) from 2022

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2015: $47,981Liabilities 2015: $0Net Assets 2015: $47,9812015Assets 2016: $109,807Liabilities 2016: $0Net Assets 2016: $109,8072016Assets 2017: $165,851Liabilities 2017: $10,859Net Assets 2017: $154,9922017Assets 2018: $154,475Liabilities 2018: $19,602Net Assets 2018: $134,8732018Assets 2019: $207,775Liabilities 2019: $9,125Net Assets 2019: $198,6502019Assets 2020: $299,936Liabilities 2020: $49,064Net Assets 2020: $250,8722020Assets 2021: $273,417Liabilities 2021: $61,516Net Assets 2021: $211,9012021Assets 2022: $204,174Liabilities 2022: $38,075Net Assets 2022: $166,0992022Assets 2023: $118,149Liabilities 2023: $14,425Net Assets 2023: $103,7242023Assets 2024: $302,817Liabilities 2024: $40,916Net Assets 2024: $261,9012024

Highlighted filing

2023

Assets$118,149
Liabilities$14,425
Net Assets$103,724

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2015: $108,013Expenses 2015: $60,032Net Income 2015: $47,9812015Revenue 2016: $183,933Expenses 2016: $122,107Net Income 2016: $61,8262016Revenue 2017: $301,374Expenses 2017: $256,189Net Income 2017: $45,1852017Revenue 2018: $313,629Expenses 2018: $333,750Net Income 2018: -$20,1212018Revenue 2019: $429,836Expenses 2019: $366,059Net Income 2019: $63,7772019Revenue 2020: $548,852Expenses 2020: $496,630Net Income 2020: $52,2222020Revenue 2021: $670,568Expenses 2021: $709,539Net Income 2021: -$38,9712021Revenue 2022: $685,050Expenses 2022: $730,853Net Income 2022: -$45,8032022Revenue 2023: $918,023Expenses 2023: $980,400Net Income 2023: -$62,3772023Revenue 2024: $1,246,901Expenses 2024: $1,088,724Net Income 2024: $158,1772024

Highlighted filing

2023

Revenue$918,023
Expenses$980,400
Net Income-$62,377
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 13, 2024
Return Version
2023v5.1
Gross Receipts
$918,023
Mission and Program Overview

Mission

To create a diverse and vibrant community through the support of lgbtq art and artist across generations and disciplines.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$194,814$115,023▼ $79,791
Accounts Receivable$8,310$1,665▼ $6,645
Prepaid Expenses and Deferred Charges$1,050$1,461▲ $411
Total Assets$204,174$118,149▼ $86,025
Liabilities
Deferred Revenue$25,125$0▼ $25,125
Accounts Payable and Accrued Expenses$7,950$8,000▲ $50
Other Liabilities$5,000$6,425▲ $1,425
Total Liabilities$38,075$14,425▼ $23,650
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$100,861$94,268▼ $6,593
Net Assets With Donor Restrictions$65,238$9,456▼ $55,782
Total Net Assets Fund Balance$166,099$103,724▼ $62,375
Total Liabilities and Net Assets / Fund Balance$204,174$118,149▼ $86,025
Compensation and Service Providers

Board Members and Trustees

NameTitle
Nelson SantosPresident
Lola FlashVice President
Bee DavisBoard Member
Bobye ListBoard Member
Cecilia GentiliBoard Member
Ellen MarksBoard Member
Fran TiradoBoard Member
Kei WilliamsBoard Member
Lucila MoctezumaBoard Member
Max Rifkind-barronBoard Member
Ira SachsTreasurer/founding Directo
Revenue and Support

Revenue Composition

Contributions and Grants
$540,102
Program Service Revenue
$375,900
Investment Income
$2,021
Other Revenue
$0
All Other Contributions
$428,322
Change in Net Assets
$-62,377
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$561,499
Salaries, Compensation, and Employee Benefits$355,681
Total Fundraising Expense$68,543
Grants and Similar Amounts Paid$63,220
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$177,507$40,963$54,617$273,087
Grants to Domestic Individuals$63,220--$63,220
Other Employee Benefits-$56,707-$56,707
Fees for Services Other$1,198$41,718$369$43,285
Travel$30,166$268-$30,434
Payroll Taxes$16,827$3,883$5,177$25,887
Other Expenses$14,162$16,100-$14,162
Information Technology$9,087$2,097$2,796$13,980
All Other Expenses$6,297$1,775$5,584$13,656
Office Expenses$6,771$13-$6,784
Occupancy-$6,084-$6,084
Insurance-$4,058-$4,058
Advertising-$420-$420
Total Functional Expenses$737,771$174,086$68,543$980,400
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Taxes Payable$6,425
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The executive director and treasurer review the form 990 prior to filing.

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

New board members sign the policy and returning board members sign it annually, disclosing interests that may be a conflict.

Form 990, Part VI, Section C, Line 19

Financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Queer Art Inc
EIN
37-1705600
Phone
9293353707
Address
140 2ND AVENUE 501, NEW YORK, NY 10003

Signing Officer

Name
Ira Sachs
Title
Founding Director
Phone
2124310147
Signed
2024-11-13

Organization Details

Principal Officer
Ira Sachs
Formed
2012
Legal Domicile
Ny
Voting Board Members
5
Independent Board Members
0
Employees
9
Volunteers
0

Preparer

Firm
Mutino & Chan CPA Llp
Address
15 EAST 40TH STREET, NEW YORK, NY 10016
Preparer
Steven Mutino
Phone
2128898900
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IRS990/MissionDesc0TO SUPPORT A GENERATION OF LGBTQ ARTISTS THAT LOST MENTORS TO THE AIDS CRISIS OF THE 1980S. BY FOSTERING THE CONFIDENT EXPRESSION OF LGBTQ ARTISTS' PERSPECTIVES, STORIES, AND IDENTITIES, THE ORGANIZATION GIVES VOICE TO A POPULATION THAT HAS BEEN HISTORICALLY SUPPRESSED, DISENFRANCHISED, AND OFTEN OVERLOOKED BY TRADITIONAL INSTITUTIONAL AND ECONOMIC SUPPORT SYSTEMS.
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IRS990/ProgSrvcAccomActy2Grp/Desc0QUEER ART MENTORSHIP IS AN INTERGENERATIONAL MENTORSHIP PROGRAM THAT SUPPORTS A YEAR-LONG EXCHANGE BETWEEN EMERGING AND ESTABLISHED ARTISTS WORKING IN FILM, LITERATURE, PERFORMANCE, VISUAL ART, AND CURATORIAL PRACTICE. THE PROGRAM SUPPORTS, ON AVERAGE, 10 NEW MENTOR/FELLOW PAIRS EACH YEAR AND CULMINATES IN AN ANNUAL EXHIBITION.
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IRS990/ProgSrvcAccomActy3Grp/Desc0QUEER ART AWARDS IS AN INITIATIVE OF GRANTS, PRIZES, AND RESIDENCIES THAT INCLUDES A SPECTRUM OF SUPPORT-MONETARY AND OTHERWISE-FOR LGBTQ ARTISTS. IT INCLUDES THE ANNUAL QUEER ART PRIZE AWARDS AND A GROWING NUMBER OF INDIVIDUAL GRANTS, SUCH AS THE BARBARA HAMMER LESBIAN EXPERIMENTAL FILMMAKING GRANT AND GIVING CIRCLE RELIEF.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0354723
IRS990/ProgSrvcAccomActy3Grp/GrantAmt063220
IRS990/ProgSrvcAccomActyOtherGrp/Desc0QUEER ART IS SERVING AS THE FISCAL SPONSOR FOR THREE PROJECTS. (1) ART FOR BLACK LIVES IS A PROJECT THAT ALLOWS ARTISTS TO DONATE FINE ART DIGITAL PRINTS FOR SALE, WITH ALL PROFITS PROVIDING RESOURCE SUPPORT TO THE BLACK TRANS COMMUNITY. (2) BODY HACK IS A MUTUAL CARE RESOURCE AND INTERNATIONAL FUNDRAISING COLLECTIVE FOR AND BY TRANSGENDER AND QUEER PEOPLE OF COLOR. (3) LITE BRITE NEON IS A STUDIO CREATING NEON ART WORKS THAT CELEBRATE QUEER NARRATIVES.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt014162
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt0382655
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt0341036
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0590188
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0102353
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0256505
IRS990/PYOtherRevenueAmt030232
IRS990/PYProgramServiceRevenueAmt064630
IRS990/PYRevenuesLessExpensesAmt0-45803
IRS990/PYSalariesCompEmpBnftPaidAmt0371995
IRS990/PYTotalExpensesAmt0730853
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0685050
IRS990/ReconcilationRevenueExpnssAmt0-62377
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0FISCAL SPONSORSHIP FEE - 2021 AMOUNT: $ 4,797. 2022 AMOUNT: $ 10,535. 2023 AMOUNT: $ 14,162. PPP LOAN FORGIVEN - 2021 AMOUNT: $ 30,232. 2022 AMOUNT: $ 30,232. 2023 AMOUNT: $ 0. FISCAL SPONSORSHIP CONTRIBUTION - 2021 AMOUNT: $ 79,948. 2022 AMOUNT: $ 175,584. 2023 AMOUNT: $ 341,036.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0540102
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0640188
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0542146
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0543339
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0413483
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02679258
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt02021
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02021
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt060843
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0355198
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0216351
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0114977
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0686526
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.79560
IRS990ScheduleA/PublicSupportPY170Pct00.88020
IRS990ScheduleA/PublicSupportTotal170Amt02679258
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0540102
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0640188
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0542146
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0543339
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0413483
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02679258
IRS990ScheduleA/TotalSupportAmt03367805
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/OtherLiabilitiesOrgGrp/Amt06425
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL TAXES PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalLiabilityAmt06425
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt038250
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt124970
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt2382655
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0AWARD FOR PROGRAM WORK/ACHIEVEMENTS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1RELIEF AND DIRECT FINANCIAL AIDS TO ARTISTS WHO NEED HELP COVERING THEIR BASIC NEEDS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt2FISCAL SPONSORED PROJECTS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt012
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt127
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt23
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE EXECUTIVE DIRECTOR AND TREASURER REVIEW THE FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NEW BOARD MEMBERS SIGN THE POLICY AND RETURNING BOARD MEMBERS SIGN IT ANNUALLY, DISCLOSING INTERESTS THAT MAY BE A CONFLICT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
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 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0204174
IRS990/TotalAssetsEOYAmt0118149
IRS990/TotalAssetsGrp/BOYAmt0204174
IRS990/TotalAssetsGrp/EOYAmt0118149
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0540102
IRS990/TotalEmployeeCnt09
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt068543
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0174086
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0737771
IRS990/TotalFunctionalExpensesGrp/TotalAmt0980400
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt038075
IRS990/TotalLiabilitiesEOYAmt014425
IRS990/TotalLiabilitiesGrp/BOYAmt038075
IRS990/TotalLiabilitiesGrp/EOYAmt014425
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0166099
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0103724
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt014162
IRS990/TotalOtherProgSrvcGrantAmt0382655
IRS990/TotalOtherProgSrvcRevenueAmt0341036
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt020702
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt020702
IRS990/TotalProgramServiceExpensesAmt0737771
IRS990/TotalProgramServiceRevenueAmt0375900
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0377921
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0918023
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0204174
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0118149
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt0268
IRS990/TravelGrp/ProgramServicesAmt030166
IRS990/TravelGrp/TotalAmt030434
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0140 2ND AVENUE SUITE 501
IRS990/USAddress/CityNm0NEW YORK
IRS990/USAddress/StateAbbreviationCd0NY

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