2026-03-18T11:42:15-05:00 2024-12-31 131655065 LUTZ AND CARR CPAS LLP 551 FIFTH AVENUE SUITE 400 NEW YORK NY 10176 990 2024-01-01 834240559 WORTHLESS FOUNDATION INC WORT 9175763999 PO BOX 11 NEW YORK NY 10013 NEIL HAMAMOTO FOUNDER, PRESIDENT & CREATIVE DIR. 9175763999 2026-03-17 1 1 FREDERICK MARTENS P00298107 2126972299 2024 2025-03-06 01:10:19Z X NEIL HAMAMOTO PO BOX 11 NEW YORK NY 10013 12266915 0 X WWW.WORTHLESSSTUDIOS.ORG X 2019 NY TO PROMOTE THE ARTS AND PROVIDE SUPPORT TO NEW, ASPIRING, OR EMERGING ARTISTS. 7 6 6 6 0 0 443732 312467 82147 55388 34426 583101 173104 26650 733409 977606 0 0 0 0 775269 277978 0 0 81207 1334814 610928 2110083 888906 -1376674 88700 9011506 6115991 3067487 18832 5944019 6097159 X TO PROMOTE THE ARTS AND SOCIAL WELFARE BY ENCOURAGING ECONOMIC DEVELOPMENT IN THE SECTOR OF ART AND OTHER CREATIVE ENDEAVORS, INCLUDING SCULPTURE, PAINTING, AND PHOTOGRAPHY AND PERFORMANCE, AND TO SUPPORT NEW, ASPIRING, OR EMERGING ARTISTS IN VARIOUS WAYS. 0 1 552894 55388 PROVIDING SPACE, MATERIALS, TECHNICAL ASSISTANCE, AND RESOURCES FOR ASPIRING ARTISTS OF ALL BACKGROUNDS TO REALIZE THEIR CREATIVE VISIONS. 552894 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 28 0 6 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 7 6 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 0 0 0 NY X THE ORGANIZATION 9175763999 PO BOX 11 NEW YORK NY 10013 NEIL HAMAMOTO FOUNDER,PRESIDENT,CREATIVE DIRECTOR 40.00 X X 0 0 17704 DAVID HAMAMOTO VICE PRESIDENT 1.00 X X 0 0 0 MIKE FORMAN TREASURER 1.00 X X 0 0 0 JORDAN HUELSKAMP SECRETARY 1.00 X X 0 0 0 ANN HARAKAWA BOARD MEMBER 1.00 X 0 0 0 CHARLIE JARVIS BOARD MEMBER 1.00 X 0 0 0 ALLEN MURABAYASHI BOARD MEMBER 1.00 X 0 0 0 0 0 17704 0 0 0 0 0 160950 151517 312467 PROGRAM SERVICE REVENUE 900099 55388 55388 55388 154293 154293 26650 0 26650 26650 26650 4718117 7000000 4718839 6570470 -722 429530 428808 428808 977606 55388 0 609751 17703 15737 983 983 196007 151352 27146 17509 13713 8522 3368 1823 50555 39037 7002 4516 39571 1676 37895 18083 18083 8587 8587 63249 36070 16627 10552 35965 35965 29613 3366 25846 401 190070 127347 39915 22808 100383 67257 21080 12046 14511 14511 PROGRAM EXPENSES 43786 43786 OTHER EXPENSES 20574 2175 16135 2264 UTILITIES 17627 17627 SUPPLIES 9884 9884 19025 10720 8305 888906 552894 254805 81207 292029 85915 1111779 668951 14097 30328 5952 47875 39885 6007342 7990 1555931 5347183 9011506 6115991 226525 18832 2840962 3067487 18832 X 4864264 5368607 1079755 728552 5944019 6097159 9011506 6115991 88700 64440 0 X 1 X 0 0 0 X 2455425 6803360 327149 443732 312467 10342133 2455425 6803360 327149 443732 312467 10342133 1783232 8558901 4 15403 69131 230793 180943 496274 10838407 209224 0.78970 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 39441 32867 6574 8434 7018 1416 7990 FORM 990, PART III, LINE 3 THROUGH 2024, THE ORGANIZATION OWNED FACILITIES THAT WERE USED FOR ARTWORK FABRICATION AND OTHER PROGRAM ACTIVITIES. FOLLOWING THE SALE OF THE BUILDING IN JULY 2024, THE ORGANIZATION HAS CONTINUED ITS PROGRAMMING IN PARTNERSHIP WITH OTHER COMMUNITY BASED ORGANIZATIONS, AND ORGANIZING THE TRAVELING EXHIBITION FOR A PROJECT IT PREVIOUSLY PRESENTED IN NEW YORK IN 2022 - 2023. IN 2025, A NEW ARTIST IN RESIDENCE PROGRAM WILL BE LAUNCHED, IN COLLABORATION WITH ANOTHER PARTNER ORGANIZATION, THROUGH WHICH THE ORGANIZATION WILL PROVIDE FUNDING AND TECHNICAL ASSISTANCE TO ARTISTS WHO WILL HAVE ACCESS TO THE PARTNER ORGANIZATION'S PRODUCTION TEAM AND FABRICATION FACILITIES. FORM 990, PART VI, SECTION A, LINE 2 NEIL HAMAMOTO AND DAVID HAMAMOTO HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE PRESIDENT AND AUDIT COMMITTEE, AND IT PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION'S CONFLICT OF INTEREST POLICY REQUIRES DIRECTORS TO DISCLOSE ANY CONFLICT OF INTEREST. TO THE EXTENT THERE IS A DISCLOSURE OR THE BOARD OTHERWISE BECOMES AWARE OF A POTENTIAL CONFLICT, THE FOUNDATION FOLLOWS THE PROCEDURES SET FORTH IN THE POLICY. FORM 990, PART VI, SECTION C, LINE 19 UPON WRITTEN REQUEST. AMENDED RETURN THE 2024 FORM 990 HAS BEEN AMENDED TO CORRECT THE NUMBER OF EMPLOYEES REPORTED ON FORM W-3, WHICH HAD BEEN INCORRECTLY REPORTED AS FORMS W-2G. ACCORDINGLY, THE FOLLOWING LINE ITEMS HAVE BEEN REVISED: PART I, LINE 5 PART V, LINE 1B PART V, LINE 2A IN ADDITION, THE FOLLOWING INFORMATION HAS BEEN REVISED IN THIS AMENDED RETURN: PART III, LINE 4A PART V, LINE 1C PART VII, COLUMN (B) PART IX, LINES 20, 22, AND 25 WORTHLESS BRICKS LLC 7 KNICKERBOCKER AVENUE BROOKLYN NY 11237 862852879 OWNERSHIP OF PROPERTY (DISSOLVED IN 2024) NY 0 0 WORTHLESS FOUNDATION INC