Nonprofit · EIN 45-0574737
IT IS INC
Tax-exempt (reinstated) · PRESCOTT, AZ 86303
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $413,125 | $576,593 | -$163,468 | $3,539,374 | $7,666 | $3,531,708 |
| December 31, 2023 | 990-PF | $365,829 | $418,519 | -$52,690 | $3,698,121 | $2,945 | $3,695,176 |
| December 31, 2022 | 990-PF | $356,062 | $381,944 | -$25,882 | $3,751,511 | $3,645 | $3,747,866 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $301,965
- Interest
- $737
- Other income
- $107,656
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $92,200
- Salaries, compensation and benefits (total)
- $80,918
- Disbursements for charitable purposes
- $151,548
- Excise tax on investment income
- $10
Balance sheet and other
- Total assets, start of year
- $3,698,121
- Total assets, end of year
- $3,539,374
- Total liabilities, end of year
- $7,666
- Net assets, end of year
- $3,531,708
- Fair market value of assets
- $4,671,636
- Qualifying distributions
- $151,548
- Net investment income
- $737
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-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Haley Ward 105 S Cortez, Prescott, AZ 86303 | Sec/Treas | 10 | $52,500 |
| Haley Ward 105 S Cortez, Prescott, AZ 86303 | Sec/Treas Highest-paid employee | 20 | $52,500 |
| Breeanya Hinkel 105 S Cortez, Prescott, AZ 86303 | Vice President | 1 | $38,500 |
| Andrea Smith 105 S Cortez, Prescott, AZ 86303 | President | 20 | $1,200 |
| Joseph Baynes 105 S Cortez, Prescott, AZ 86303 | Director | 1 | $0 |
| Roy Traver 105 S Cortez, Prescott, AZ 86303 | Director | 1 | $0 |
| Kevin Lane 105 S Cortez, Prescott, AZ 86303 | Director | 1 | $0 |
| Filmer Kewanyama 105 S Cortez, Prescott, AZ 86303 | Director | 1 | $0 |
| Frank De Grazia 105 S Cortez, Prescott, AZ 86303 | Director | 1 | $0 |
990-PF for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Haley Ward 105 S Cortez, Prescott, AZ 86303 | Sec/Treas | 10 | $44,000 |
| Andrea Smith 105 S Cortez, Prescott, AZ 86303 | President | 20 | $1,200 |
| Joseph Baynes 105 S Cortez, Prescott, AZ 86303 | Director | 1 | $0 |
| Roy Traver 105 S Cortez, Prescott, AZ 86303 | Vice President | 1 | $0 |
| Kevin Lane 105 S Cortez, Prescott, AZ 86303 | Director | 1 | $0 |
| Filmer Kewanyama 105 S Cortez, Prescott, AZ 86303 | Director | 1 | $0 |
| Frank De Grazia 105 S Cortez, Prescott, AZ 86303 | Director | 1 | $0 |
990-PF for the year ended December 31, 2022: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Haley Ward 105 S Cortez, Prescott, AZ 86303 | Sec/Treas | 10 | $34,330 |
| Andrea Smith 105 S Cortez, Prescott, AZ 86303 | President | 20 | $1,200 |
| Joseph Baynes 105 S Cortez, Prescott, AZ 86303 | Director | 1 | $0 |
| Roy Traver 105 S Cortez, Prescott, AZ 86303 | Vice President | 1 | $0 |
| Kevin Lane 105 S Cortez, Prescott, AZ 86303 | Director | 1 | $0 |
| Filmer Kewanyama 105 S Cortez, Prescott, AZ 86303 | Director | 1 | $0 |
| Frank De Grazia 105 S Cortez, Prescott, AZ 86303 | Director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 105 S CORTEZ ST, PRESCOTT, AZ 86303-4703
- In care of
- % LYNN VAN DER HEYDEN
- Signed the 990-PF
- Andrea Smith, President
- Phone
- (928) 775-0223
- Website
- www.tisartgallery.com
- Return prepared by
- Hayden CPA Firm PLLC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 45-0574737
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private operating foundation
- Donations deductible (Pub 78)
- Private operating foundation, 50% limit
- Exempt since
- 2024
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Arts, culture and humanities (A20)
- Assets (IRS master file)
- $3,539,374
- Income (IRS master file)
- $434,982
Revocation and reinstatement
- Exemption revoked
- May 15, 2022
- Posted by the IRS
- February 15, 2023
- Reinstated
- Effective May 15, 2022
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $413,125 | $576,593 | $3,539,374 | XML |
| 990-PF | December 2023 | $365,829 | $418,519 | $3,698,121 | XML |
| 990-PF | December 2022 | $356,062 | $381,944 | $3,751,511 | XML |
| 990-PF | December 2018 | – | – | – | IRS |
| 990-PF | December 2017 | – | – | – | 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 45-0574737).
Questions about IT IS INC
- What is the EIN of IT IS INC?
- The employer identification number (EIN) of IT IS INC is 45-0574737.
- Is IT IS INC tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2022 and reinstated it effective May 15, 2022.
- Are donations to IT IS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private operating foundation, 50% limit).
- Which annual return does IT IS INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of IT IS INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did IT IS INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of IT IS INC?
- The 990-PF for the year ended December 31, 2024 lists 9 people; 4 received compensation from the organization, the highest $52,500 (Haley Ward, Sec/Treas).
- How much revenue does IT IS INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $413,125, expenses of $576,593 and total assets of $3,539,374 at year end.
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All nonprofits in PRESCOTT · Arizona · Arts, culture and humanities