Nonprofit · EIN 86-2767219
585 ARTS INC
Also known as POTENTIAL FAB EIN
Tax-exempt · CAMBRIDGE, MA 02139
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,285,314 | $1,199,792 | $85,522 | $7,027,603 | $1,210,569 | $5,817,034 |
| June 30, 2024 | 990 | $2,785,981 | $830,141 | $1,955,840 | $5,865,656 | $134,145 | $5,731,511 |
| June 30, 2023 | 990 | $3,752,363 | $754,780 | $2,997,583 | $4,104,772 | $329,101 | $3,775,671 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,029,153
- Program service revenue
- $4,511
- Investment income
- $251,650
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Occupancy
- $67,111
- Program services (functional)
- $392,701
- Management and general (functional)
- $299,270
- Fundraising (functional)
- $507,821
Balance sheet and other
- Total assets, start of year
- $5,865,656
- Total assets, end of year
- $7,027,603
- Total liabilities, end of year
- $1,210,569
- Net assets, end of year
- $5,817,034
- Land, buildings and equipment
- $1,645
- Net assets with donor restrictions
- $5,817,034
- Gross receipts
- $1,285,314
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2021
- State of legal domicile
- MA
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Maure Aronson | Treasurer Trustee or director, Officer | 1 | $0 | $228,066 | $28,730 |
| Andrea Itano | President Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Nagesh Mahanthappa | Clerk Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Salvatore Zinno | Director Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 4 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Maure Aronson | Treasurer Trustee or director, Officer | 1 | $0 | $225,547 | $46,376 |
| Andrea Itano | President Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Nagesh Mahanthappa | Clerk Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Salvatore Zinno | Director Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 4 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Maure Aronson | Treasurer Trustee or director, Officer | 1 | $0 | $221,779 | $34,157 |
| Andrea Itano | President Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Nagesh Mahanthappa | Clerk Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Salvatore Zinno | Director Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 720 MASSACHUSETTS AVENUE, CAMBRIDGE, MA 02139-3335
- Mailing address (990-N for 2021)
- 720 Massachusetts Ave, Cambridge MA 02139
- Principal officer (990 for 2024)
- Constance Chin, 720 Massachusetts Avenue, Cambridge, MA 02139
- Principal officer (990-N for 2021)
- Andrea Itano, 185 Brattle St, Arlington MA 02474
- Signed the 990
- Constance Chin, Chief Executive Officer
- Phone
- (617) 876-4275
- Website
- https://www.585arts.org/
- Return prepared by
- LCW CPAs
Mission
The operation and programming of an expansive arts and performance space in Cambridge, MA.
Program accomplishments
- The operation and programming of an expansive arts and performance space in Cambridge, MA.Expenses $392,701 · revenue $1,029,153
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 86-2767219
- 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
- 2021
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A61)
- Assets (IRS master file)
- $7,027,603
- Income (IRS master file)
- $1,285,314
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,285,314 | $1,199,792 | $7,027,603 | IRS |
| 990 | June 2024 | $2,785,981 | $830,141 | $5,865,656 | XML |
| 990 | June 2023 | $3,752,363 | $754,780 | $4,104,772 | XML |
| 990-N for 2021 Officer: Andrea Itano | June 30, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990 | June 2022 | – | – | – | 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 86-2767219).
Questions about 585 ARTS INC
- What is the EIN of 585 ARTS INC?
- The employer identification number (EIN) of 585 ARTS INC is 86-2767219.
- Is 585 ARTS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to 585 ARTS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does 585 ARTS 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 585 ARTS INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did 585 ARTS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of 585 ARTS INC?
- The 990 for the year ended June 30, 2025 names Constance Chin.
- Who are the officers and directors of 585 ARTS INC?
- The 990 for the year ended June 30, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does 585 ARTS INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,285,314, expenses of $1,199,792 and total assets of $7,027,603 at year end.
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