Artist Trust
- Assets
- $5.1m
- Revenue
- $1.0m
- Investments
- $3.1m
- Employees
- 9
- Location
- Seattle, WA
- Founding
- 06/1987
- Data as of
- 12/2023
- EIN
- 91-1353974
Organization Overview
Artist Trust is located in Seattle, WA. The organization was established in 1987. As of 12/2023, Artist Trust employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Artist Trust is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Artist Trust generated $1.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.2%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT INDIVIDUAL ARTISTS AND ENRICH COMMUNITY LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ARTIST TRUST'S ARTIST SUPPORT PROGRAMS INCLUDE BUSINESS PRACTICES WORKSHOPS AND WEBINARS, ONLINE RESOURCES, NETWORKING AND MENTORSHIP EVENTS, TOWN HALLS, ARTIST SURVEYS, FOCUS GROUPS, AND OTHER PROGRAMS THAT PROVIDE CAREER-TRAINING AND PROFESSIONAL DEVELOPMENT OPPORTUNITIES FOR ARTISTS AND HELP US DISCOVER AND MAKE VISIBLE ISSUES IMPACTING THE LIVELIHOODS OF ARTISTS. OVER 1200 ARTISTS AND COMMUNITY MEMBERS WERE SERVED BY THESE PROGRAMS IN 2023.
OTHER GRANT PROGRAMS INCLUDE THE UNRESTRICTED MERIT-BASED ARTS INNOVATOR AWARDS OF $25,000 GIVEN TO 2 ARTISTS AND $500 GIVEN TO 6 ADDITIONAL FINALISTS, TWINING HUMBER LIFETIME ACHIEVEMENT AWARD OF $10,000 GIVEN TO 1 ARTIST, THE SUPPORT OLD LADY ARTISTS (SOLA) AWARD OF $5,000 GIVEN TO 4 ARTISTS, AND OTHER ACTIVITIES TO ADMINISTER ARTIST TRUST'S GRANT PROGRAMS; ALL RECIPIENTS ARE SELECTED THROUGH AN OPEN, COMPETITIVE PANEL PROCESS. IN ADDITION, THE NEEDS-BASED ENDURANCE GRANTS OF $2,500 ARE GIVEN TO 40 ARTISTS WHO HAVE EXPERIENCED AN UNFORESEEN EMERGENCY, CRISIS, OR CATASTROPHIC EVENT ARE REVIEWED FOR ELIGIBILITY THROUGH AN OPEN PANEL PROCESS, SELECTED AT RANDOM, AND REQUIRED TO PROVIDE DOCUMENTATION OF EMERGENCY NEED.
ARTIST TRUST FELLOWSHIP AWARDS ARE UNRESTRICTED MERIT-BASED AWARDS OF $10,000 TO PRACTICING PROFESSIONAL ARTISTS OF EXCEPTIONAL TALENT AND DEMONSTRATED ABILITY. RECIPIENTS ARE SELECTED THROUGH AN OPEN, COMPETITIVE PANEL PROCESS. IN 2022 THERE WERE 15 FELLOWSHIP AWARD RECIPIENTS, INCLUDING 1 VADON FOUNDATION NATIVE ARTIST FELLOWSHIP, 1 FELLOWSHIP FOR BLACK ARTISTS, AND 1 GREG & LARRY YOCOM FELLOWSHIP.
GRANTS FOR ARTISTS' PROGRESS (GAP) ARE UNRESTRICTED MERIT-BASED GRANTS OF $1,500 FOR ARTISTS WORKING IN ALL DISCIPLINES ACROSS WASHINGTON STATE. RECIPIENTS ARE SELECTED THROUGH AN OPEN, COMPETITIVE PANEL PROCESS. THERE WERE 65 GAP RECIPIENTS IN 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicole Stellner President | OfficerTrustee | 3 | $0 |
Joseph Sunga Vice President | OfficerTrustee | 3 | $0 |
Aaron Jin Secretary | OfficerTrustee | 3 | $0 |
Will Chapman Treasurer | OfficerTrustee | 3 | $0 |
Mariella Luz Immediate Past President | OfficerTrustee | 3 | $0 |
Dawn Barron Trustee | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $271,476 |
| Related organizations | $0 |
| Government grants | $82,987 |
| All other contributions, gifts, grants, and similar amounts not included above | $753,264 |
| Noncash contributions included in lines 1a–1f | $150,849 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,107,727 |
| Total Program Service Revenue | $8,235 |
| Investment income | $83,270 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $27,791 |
| Net Income from Fundraising Events | -$209,444 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,017,579 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $440,530 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $186,122 |
| Compensation of current officers, directors, key employees. | $84,326 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $380,062 |
| Pension plan accruals and contributions | $8,944 |
| Other employee benefits | $53,000 |
| Payroll taxes | $61,776 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $437 |
| Fees for services: Other | $26,508 |
| Advertising and promotion | $14,004 |
| Office expenses | $36,410 |
| Information technology | $18,087 |
| Royalties | $0 |
| Occupancy | $31,604 |
| Travel | $6,067 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,216 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $37,049 |
| Insurance | $10,474 |
| All other expenses | $0 |
| Total functional expenses | $1,340,120 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $732,048 |
| Savings and temporary cash investments | $453,287 |
| Pledges and grants receivable | $575,283 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $11,650 |
| Prepaid expenses and deferred charges | $11,012 |
| Net Land, buildings, and equipment | $256,684 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,107,103 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,147,067 |
| Accounts payable and accrued expenses | $24,009 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $125,708 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $149,717 |
| Net assets without donor restrictions | $1,469,120 |
| Net assets with donor restrictions | $3,528,230 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,147,067 |