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Nonprofit · EIN 13-3991848

ARTS FOR ART INC

Tax-exempt · NEW YORK, NY 10002

Financials

$589K$702K2022$737K$596K2023
Revenue Expenses · by fiscal year end
Financials of ARTS FOR ART INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
July 31, 2024990$736,506$596,313$140,193$208,750$0$208,750
July 31, 2023990$588,854$701,923-$113,069$71,606$0$71,606
Financial details: 990 for the year ended July 31, 2024

Revenue

Contributions, gifts and grants
$634,838
of which government grants
$91,260
Membership dues
$6,162
Program service revenue
$101,626
Investment income
$42
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$182,467
Salaries, compensation and benefits (total)
$210,760
Professional fundraising fees
$0
Legal fees
$2,020
Accounting fees
$700
Travel
$1,112
Program services (functional)
$244,556
Management and general (functional)
$351,757

Balance sheet and other

Total assets, start of year
$71,606
Total assets, end of year
$208,750
Total liabilities, end of year
$0
Net assets, end of year
$208,750
Gross receipts
$736,506
Employees
6
Volunteers
25
Year formed
1997
State of legal domicile
NY

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended July 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
Patricia Nicholson ParkerExecutive Director
Trustee or director, Key employee
40$53,000
Todd NicholsonBoard Member
Key employee, Highest-paid employee
40$26,338
Urania MylonasMember
Trustee or director
10$0
Patricia AliTreasurer
Trustee or director, Officer
10$0
Jo Wood BrownSecretary
Trustee or director, Officer
10$0
Whit DickeyMember
Trustee or director
10$0
Tom CarhartMember
Trustee or director
10$0
William ParkerCo-Chairman
Trustee or director, Officer
10$0
David KreuterCo-Chairman
Trustee or director
10$0
Carter MathesMember
Trustee or director
10$0
Ashton CoghlanMember
Trustee or director
10$0
990 for the year ended July 31, 2023: 11 people
NameTitleHours / weekCompensationOther / benefits
Todd NicholsonBoard Member
Key employee, Highest-paid employee
40$56,290$2,200
Patricia Nicholson ParkerExecutive Director
Trustee or director, Key employee
40$53,000$1,590
Urania MylonasMember
Trustee or director
10$0$0
Patricia AliTreasurer
Trustee or director, Officer
10$0$0
Jo Wood BrownSecretary
Trustee or director, Officer
10$0$0
Whit DickeyMember
Trustee or director
10$0$0
Tom CarhartMember
Trustee or director
10$0$0
William ParkerCo-Chairman
Trustee or director, Officer
10$0$0
David KreuterCo-Chairman
Trustee or director
10$0$0
Carter MathesMember
Trustee or director
10$0$0
Ashton CoghlanMember
Trustee or director
10$0$0

Address and contacts

Address (IRS master file)
107 SUFFOLK ST APT 300, NEW YORK, NY 10002-3387
In care of
% PATRICIA NICHOLSON PARKER
Principal officer (990 for 2023)
Patricia Nicholson Parker, 107 Suffolk St, NY, NY 10002
Signed the 990
Patricia N Parker, Executive Director
Phone
(212) 254-5420
Return prepared by
EDWARD D HALPER

Mission

Arts for Art is dedicated to the exceptional creativity that origin- ated in the African-American multi-arts jazz culture and utilizes improvisation to express a larger, more positive dream of inclusion and freedom.

990 for the year ended July 31, 2024

Program accomplishments

  • The Vision Festival was held to highlight the talent of various artists to the public. Tickets. merchandise and concessions were sold.
    Expenses $163,202 · grants $52,000 · revenue $79,016
  • Evolving is a series used to showcase the evolution of music.
    Expenses $15,260 · grants $13,500 · revenue $6,133
  • Total for all other programs and services
    Expenses $66,094 · grants $26,500 · revenue $10,968

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in July, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025July 31, 2026December 15, 2026Not due yet
2024July 31, 2025December 15, 2025Not on file
2023July 31, 2024December 16, 2024990 on file

IRS record

EIN
13-3991848
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1998
Accounting year ends
July
Files
Form 990 or 990-EZ
Assets (IRS master file)
$208,750
Income (IRS master file)
$736,506

Filing history

FormYear endedRevenueExpensesAssetsReturn
990July 2024$736,506$596,313$208,750XML
990July 2023$588,854$701,923$71,606XML
990July 2022$673,875$703,414$184,675IRS
990July 2021–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 13-3991848).

Questions about ARTS FOR ART INC

What is the EIN of ARTS FOR ART INC?
The employer identification number (EIN) of ARTS FOR ART INC is 13-3991848.
Is ARTS FOR ART INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
Are donations to ARTS FOR ART INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does ARTS FOR ART INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of ARTS FOR ART INC due?
The return for tax year 2025 (the year ending July 31, 2026) is due December 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did ARTS FOR ART INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended July 2024.
Who is the principal officer of ARTS FOR ART INC?
The 990 for the year ended July 31, 2024 names Patricia Nicholson Parker.
Who are the officers and directors of ARTS FOR ART INC?
The 990 for the year ended July 31, 2024 lists 11 people; 2 received compensation from the organization, the highest $53,000 (Patricia Nicholson Parker, Executive Director).
How much revenue does ARTS FOR ART INC have?
On its 990 for the year ended July 31, 2024 it reported revenue of $736,506, expenses of $596,313 and total assets of $208,750 at year end.

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