Nonprofit · EIN 81-5299782
THE POLARIS ART FOUNDATION
Tax-exempt · SAN JUAN, PR 00907
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $75,965 | $62,872 | $13,093 | $75,965 | $62,872 | $13,093 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $72,138
- Other revenue
- $3,827
Expenses
- Grants and similar amounts paid
- $1,473
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $350
- Other expenses
- $61,049
- Program services (functional)
- $54,762
Balance sheet and other
- Total assets, start of year
- $0
- Total assets, end of year
- $75,965
- Total liabilities, end of year
- $62,872
- Net assets, end of year
- $13,093
- Cash, savings and investments
- $75,965
- Gross receipts
- $75,965
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-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOSHUA HONG | CEO | 0 | $0 |
| MEE YOUNG YUN | CFO, SECRETA | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 604 CALLE HOARE, SAN JUAN, PR 00907-3614
- In care of
- % JOSHUA HONG
- Mailing address (990-N for 2023)
- 604 CALLE HOARE, SAN JUAN PR 00907
- Principal officer (990-N for 2023)
- JOSHUA HONG, 604 CALLE HOARE, SAN JUAN PR 00907
- Signed the 990-EZ
- JOSHUA HONG, CEO
- Phone
- (323) 528-7885
- Return prepared by
- LPG CPA PSC
Mission
AT THE POLARIS ART FOUNDATION, WE BELIEVE THAT ART AND CREATIVITY HAVE THE POWER TO ILLUMINATE MINDS, TRANSFORM COMMUNITIES, AND SHAPE A BETTER WORLD. OUR MISSION IS TO NURTURE AND SUPPORT THE CREATIVE SPIRIT THROUGH COLLABORATION, EDUCATION AND MENTORSHIP, GUIDING ASPIRING ARTISTS AND DOSTERING A VIBRANT, INCLUSIVE ART COMMUNITY.
Program accomplishments
- COLLABORATE WITH MUSICIANS, ARTISTS, AND ENGINEERS TO CREATE AN INTERACTIVE ART CAR INSTALLATION THAT SERVES AS A PLATFORM FOR ARTISTIC EXPRESSION AND COMMUNITY ENGAGEMENT. THIS PROGRAM EMPOWERS BOTH ESTABLISHED AND EMERGING ARTISTS BY OFFERING OPPORTUNITIES TO SHOWCASE THEIR WORK IN PUBLIC SPACES, FOSTERING CONNECTIONS BETWEEN ARTISTS AND AUDIENCES. BY FACILITATING COLLABORATIVE PROJECTS, WE AIM TO MAKE ART MORE ACCESSIBLE, ALLOWING DIVERSE AUDIENCES TO ENGAGE WITH CREATIVITY IN IMMERSIVE WAYS AND PROMOTING PERSONAL GROWTH AND A DEEPER APPRECIATION FOR THE ARTS.Expenses $23,431
- EACH YEAR, WE SELECT A DIVERSE GROUP OF ARTISTS THROUGH AN APPLICATION AND INTERVIEW PROCESS TO JOIN OUR ANNUAL CREATIVE WORKSHOP. PARTICIPANTS ARE ENCOURAGED TO INSPIRE AND ENGAGE WITH ONE ANOTHER, FOSTERING A RICH EXCHANGE OF IDEAS. WE PROVIDE ESSENTIAL RESOURCES LIKE WORKSPACE AND MATERIALS, CREATING A SUPPORTIVE ENVIRONMENT FOR ARTISTIC GROWTH. THROUGH DISCUSSIONS, SEMINARS, AND COLLABORATION, WE HELP PARTICIPANTS REFINE THEIR SKILLS AND GROW PERSONALLY AND PROFESSIONALLY.Expenses $29,858
- IN 2024, WE ESTABLISHED A SCHOLARSHIP TO SUPPORT INDIVIDUALS PURSUING CAREERS IN THE ARTS, EMPOWERING THE NEXT GENERATION OF ARTISTS. THIS INITIATIVE HELPS RECIPIENTS FURTHER THEIR EDUCATION, DEVELOP THEIR CREATIVITY, AND ACHIEVE THEIR DREAMS, WHILE REINFORCING OUR MISSION TOExpenses $1,473 · grants $1,473
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 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-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-N on file |
IRS record
- EIN
- 81-5299782
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2017
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A80)
- Assets (IRS master file)
- $75,965
- Income (IRS master file)
- $75,965
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $75,965 | $62,872 | $75,965 | XML |
| 990-N for 2023 Officer: JOSHUA HONG | December 31, 2023 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2022 Officer: Joshua Hong | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2021 Officer: JOSHUA HONG | December 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2020 Officer: JOSHUA HONG | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: Joshua Hong | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
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 81-5299782).
Questions about THE POLARIS ART FOUNDATION
- What is the EIN of THE POLARIS ART FOUNDATION?
- The employer identification number (EIN) of THE POLARIS ART FOUNDATION is 81-5299782.
- Is THE POLARIS ART FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
- Are donations to THE POLARIS ART FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE POLARIS ART FOUNDATION 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 THE POLARIS ART FOUNDATION 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 THE POLARIS ART FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who is the principal officer of THE POLARIS ART FOUNDATION?
- The 990-N for 2023 names JOSHUA HONG.
- Who are the officers and directors of THE POLARIS ART FOUNDATION?
- The 990-EZ for the year ended December 31, 2024 lists 2 people; 0 received compensation from the organization.
- How much revenue does THE POLARIS ART FOUNDATION have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $75,965, expenses of $62,872 and total assets of $75,965 at year end.
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