Artist Trust
- Assets
- $6.0m
- Revenue
- $1.7m
- Investments
- $3.5m
- Employees
- 9
- Location
- Seattle, WA
- Founding
- 06/1987
- Data as of
- 12/2021
- EIN
- 91-1353974
Organization Overview
Artist Trust is located in Seattle, WA. The organization was established in 1987. As of 12/2021, 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 12/2021, Artist Trust generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.9% each year . All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 10.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2021
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
OTHER GRANT PROGRAMS INCLUDE FELLOWSHIP AWARDS OF $10,000 GIVEN TO 9 ARTISTS, 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 $3,000 GIVEN TO 3 ARTISTS, AND OTHER ACTIVITIES TO ADMINISTER ARTIST TRUST'S GRANT PROGRAMS.
COVID-19 ARTIST TRUST RELIEF FUND: BEGINNING IN EARLY MARCH 2020 AS THE COVID-19 PANDEMIC SET IN AND THE PRESIDENT DECLARED A NATIONWIDE EMERGENCY, ARTIST TRUST CREATED THE COVID-19 ARTIST TRUST RELIEF FUND TO PROVIDE UNRESTRICTED CASH GRANTS TO SUPPORT WORKING ARTISTS WITH DISASTER-RELATED PERSONAL, FAMILY, AND LIVING EXPENSES. ARTIST TRUST FUNDRAISED FOR A SECOND ROUND OF THE RELIEF FUND IN 2021, DISBURSING ALMOST $200,000 TO 133 ARTISTS OF ALL DISCIPLINES ACROSS WASHINGTON STATE. APPLICATIONS WERE REVIEWED BY STAFF USING A SCORING RUBRIC THAT PRIORITIZED FINANCIAL NEED AND IMPACT.
ARTIST TRUST'S ARTIST SUPPORT PROGRAMS INCLUDING 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 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristina Goetz Acting Director | Officer | 40 | $87,000 |
Brooke Kiener Secretary | OfficerTrustee | 2.5 | $0 |
Elizabeth Weaver Secretary | OfficerTrustee | 2.5 | $0 |
Nicole Stellner Treasurer | OfficerTrustee | 2.5 | $0 |
Subhadra Terhanian Treasurer | OfficerTrustee | 2.5 | $0 |
Cezanne Garcia President | OfficerTrustee | 2.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $91,715 |
| Related organizations | $0 |
| Government grants | $192,926 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,394,723 |
| Noncash contributions included in lines 1a–1f | $87,299 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,679,364 |
| Total Program Service Revenue | $300 |
| Investment income | $69,260 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $65,489 |
| Net Income from Fundraising Events | -$96,864 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,717,549 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $459,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $95,149 |
| Compensation of current officers, directors, key employees. | $11,425 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $336,227 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $31,759 |
| Payroll taxes | $36,101 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,975 |
| Fees for services: Accounting | $18,090 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,224 |
| Fees for services: Other | $0 |
| Advertising and promotion | $23,432 |
| Office expenses | $28,264 |
| Information technology | $19,467 |
| Royalties | $0 |
| Occupancy | $19,865 |
| Travel | $508 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,732 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,628 |
| Insurance | $8,530 |
| All other expenses | $37,217 |
| Total functional expenses | $1,312,791 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $616,727 |
| Savings and temporary cash investments | $870,672 |
| Pledges and grants receivable | $719,899 |
| 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 | $47,400 |
| Prepaid expenses and deferred charges | $8,642 |
| Net Land, buildings, and equipment | $264,009 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,515,872 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,043,221 |
| Accounts payable and accrued expenses | $25,158 |
| 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 | $151,321 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $176,479 |
| Net assets without donor restrictions | $1,613,611 |
| Net assets with donor restrictions | $4,253,131 |
| 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 | $6,043,221 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Artist Trust has recieved totaling $140,000.
| Awarding Organization | Amount |
|---|---|
Raynier Institute & Foundation Wilmington, DE PURPOSE: TO SUPPORT THEIR ESSENTIAL SUPPORT FOR WASHINGTON STATE ARTISTS | $140,000 |
Endowment Analysis
| Beg. Balance | $3,039,053 |
| Earnings | $291,403 |
| Net Contributions | $571,500 |
| Other Expense | $39,625 |
| Grants | $7,000 |
| Ending Balance | $3,855,331 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oregon Museum Of Science And Industry Portland, OR | $61,863,442 | $22,605,398 |
Tuacahn Center For The Arts Ivins, UT | $34,690,918 | $26,402,780 |
San Diego Symphony Orchestra Association San Diego, CA | $168,111,113 | $56,683,795 |
Museum Of Flight Foundation Seattle, WA | $316,961,475 | $40,753,721 |
Autry Museum Of The American West Los Angeles, CA | $221,261,500 | $7,406,490 |
Oregon Shakespeare Festival Association Ashland, OR | $57,188,884 | $18,740,778 |
Uss Midway Museum San Diego, CA | $89,557,357 | $9,957,373 |
National Association Of Music Merchants Inc Carlsbad, CA | $38,472,951 | $7,155,207 |
Seattle Opera Seattle, WA | $79,324,035 | $23,974,024 |
Kuow-Puget Sound Public Radio Seattle, WA | $17,962,877 | $19,303,443 |
The Tech Interactive San Jose, CA | $88,983,171 | $16,975,651 |
Cheyenne Frontier Days Inc Cheyenne, WY | $31,016,567 | $28,437,784 |