FUND FOR THE ARTS INC Charity Report

Public IRS 990 nonprofit record

FUND FOR THE ARTS INC

EIN 61-0479626 · Arts, Culture & Humanities (A120)

What they do

At The Fund for The Arts, We Believe That Art is A Right, Not A Privilege Because Art is A Fundamental Expression of The Human Condition. We Envision A Healthy and Vibrant Community Where Everyone Embraces The Art That Exists In Our Lives Every Day, Where Everyone Contributes to The Well-being of Our Arts Community, and Where Everyone Belongs. Our Mission is to Contribute to The Overall Health and Well-being of Our Community By Generating Resources For, Investing In, and Supporting Our Local Arts, Artists and Arts Organizations.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $80.60 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders43 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

81.01%of revenue went to mission work80.6% of expenses · Program services

13.60%of revenue went to fundraising13.5% of expenses

$100.44spent for every $100 of revenueSpending was higher than revenue this year.

5.84%of revenue went to management and office costs5.8% of expenses

$1.46in assets for every $1 spent this yearSome assets cannot be spent right away.

73.1%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $23,362 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $205,785 for ANDRE GUESS (PRESIDENT & CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$5,294,543

Mission workProgram services$4,288,88481.01% of revenue80.6% of expenses

ManagementOffice and general costs$309,0815.84% of revenue5.8% of expenses

FundraisingAsking for donations$719,94013.60% of revenue13.5% of expenses

Total expenses$5,317,905100.44% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 80.6% mission · 5.8% management · 13.5% fundraisingTotal expenses: 100.44% of revenue

2023Expense mix: 80.2% mission · 6.2% management · 13.6% fundraisingTotal expenses: 93.03% of revenue

2022Expense mix: 79.2% mission · 8.3% management · 12.5% fundraisingTotal expenses: 112.18% of revenue

2021Expense mix: 83.2% mission · 5.7% management · 11.0% fundraisingTotal expenses: 105.20% of revenue

2020Expense mix: 81.7% mission · 6.4% management · 11.9% fundraisingTotal expenses: 65.44% of revenue

2019Expense mix: 84.6% mission · 4.3% management · 11.1% fundraisingTotal expenses: 123.30% of revenue

2018Expense mix: 82.7% mission · 5.4% management · 12.0% fundraisingTotal expenses: 102.65% of revenue

2017Expense mix: 71.3% mission · 7.1% management · 21.5% fundraisingTotal expenses: 51.84% of revenue

Money in and money out

Revenue$5,294,543

Expenses$5,317,905

Annual shortfall $23,362 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$4,288,884 · 80.6% of expenses

Management and office costs$309,081 · 5.8% of expenses

Fundraising$719,940 · 13.5% of expenses

See all reported dollar amounts

Revenue$5,294,543

Expenses$5,317,905

Assets$7,760,688

Income$8,156,762

Contributions$3,871,389

Mission work (program services)$4,288,884

Fundraising$719,940

Grants given$37,040,257

Average grant$72,628

Management and general$309,081

Executive compensation (total)$323,018

Stocks and bonds$4,206,840

Accounting fees$34,650

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

ANDRE GUESSPRESIDENT & CEO · 40 hrs/week $205,785Base $188,978 · Other $16,807

JANIE BUCKLERCFO/COO · 40 hrs/week $94,123Base $84,465 · Other $9,658

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (43)

ANDRE GUESSPRESIDENT & CEO

JANIE BUCKLERCFO/COO

NICOLE YATESBOARD CHAIR

LALANIA GILKEY-JOHNSONBOARD MEMBER

LARRY SCHWARTZCHAIR FINANCE & AUDIT COMMITTEE

LEYLA TOUMA-DAILEYBOARD MEMBER

LINDA SCHUSTERBOARD MEMBER

LYNN MOOREBOARD MEMBER

MARGARET COTTERBOARD MEMBER

MARK KULLBOARD MEMBER

MARK WHEELERBOARD MEMBER, EMERITUS

MARY BETH WARNERBOARD MEMBER

NEVILLE BLAKEMOREBOARD MEMBER

KIM HALBAUERBOARD MEMBER

PAUL THOMPSONBOARD MEMBER

PHILLIP POINDEXTERBOARD MEMBER

REGINA BLAKEBOARD MEMBER

SCOTT SCHAFTLEININCOMING BOARD CHAIR

SEAN O MAHONEYBOARD MEMBER

TERRY WRIGHTBOARD MEMBER

TODD KLIMEKBOARD MEMBER

VICTORIA RUSSELLBOARD MEMBER

YAMILCA RODRIGUEZBOARD MEMBER

DEVONE HOLTBOARD MEMBER

ALP KAYABASIBOARD MEMBER

ANDREA STRANGEBOARD MEMBER

BRENT MCKIMBOARD MEMBER

CARL THOMASBOARD MEMBER, EMERITUS

CAROLLE JONES CLAYCHAIR GOVERNANCE & NOMINATING

CHARLIE FARNSLEYBOARD MEMBER

CLEO BATTLEBOARD MEMBER

DAVID WOMBWELLBOARD MEMBER

DAYNA TOURONBOARD MEMBER

KRISTEN BYRDCHAIR INVESTMENT COMMITTEE

ED GLASSCOCKBOARD MEMBER, EMERITUS

ERICA FIELDSBOARD MEMBER

GREGORY T DUTTONBOARD MEMBER

JAMES ALLENBOARD MEMBER

JON GOLDBERGBOARD MEMBER

JOSH ANDERSENBOARD MEMBER

KELLIE WATSONCHAIR EQUITY COMMITTEE

KENDRICK VAUGHNBOARD MEMBER

AARON MARCUSCHAIR COMMUNITY INVESTMENT & SUPPORT

About this charity

Recognized since: January 1953
Location: 334 East Broadway Suite 325, Louisville, KY 40202
County: Jefferson
In care of: Janie Martin
Primary officer: Janie Martin, CFO/COO

How to reach them

WebsiteVisit the charity’s website Phone(502) 582-0100 Officer phone(502) 582-0125

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
NTEE classification: Arts, Culture & Humanities (A120)
IRS tax category: Other Grantmaking and Giving Services
Grant-giving organization: Yes