2024-05-06T20:09:58-05:00 2023-06-30 BDO USA 225 NE MIZNER BLVD SUITE 685 BOCA RATON FL 33432 990 2022-07-01 592141837 NATIONAL FOUNDATION FOR ADVANCEMENT IN THE ARTS INC % TANYA REID NATI 3053771140 2100 BISCAYNE BLVD MIAMI FL 33137 TANYA REID VP OF FINANCE 3053771140 2024-02-16 true TANYA REID 999009999 JACOB COOK P01240455 5619092100 2 2022 2023-04-26 12:10:37Z CLIVE CHANG 2100 BISCAYNE BLVD MIAMI FL 33137 43286192 false X WWW.YOUNGARTS.ORG X 1981 FL IDENTIFY AND ASSIST EMERGING ARTISTS. 24 24 312 38 0 0 8758103 10198565 197194 215553 3971135 2322669 -597602 -780095 12328830 11956692 1121175 1079689 0 0 4252978 4619402 0 0 1100665 3058166 4444319 8432319 10143410 3896511 1813282 53586119 56119714 311734 -45825 53274385 56165539 X THE MISSION OF THE NATIONAL FOUNDATION FOR ADVANCEMENT IN THE ARTS, INC. DBA YOUNGARTS IS TO IDENTIFY EXCEPTIONAL YOUNG ARTISTS, AMPLIFY THEIR POTENTIAL AND INVEST IN THEIR LIFELONG CREATIVE FREEDOM. false true 3163985 601350 215553 NFAA ACKNOWLEDGES ARTISTIC EXCELLENCE AND PROVIDES LIFELONG SUPPORT TO YOUNG ARTISTS IN THE LITERARY, VISUAL AND PERFORMING ARTS, INCLUDING CLASSICAL MUSIC, DANCE, DESIGN ARTS, FILM, JAZZ, PHOTOGRAPHY, THEATER, VISUAL ARTS, VOICE AND WRITING. EACH YEAR, MORE THAN 7,000 APPLICANTS SUBMIT FOR THE YOUNGARTS COMPETITION. IN 2023, 702 ARTISTS ORIGINATING FROM ACROSS THE COUNTRY WERE SELECTED AT THE FINALIST, HONORABLE MENTION AND MERIT AWARD LEVELS. WITHIN THIS TOTAL POOL, 736 CASH AWARDS WERE GRANTED (SOME WINNERS RECEIVED AWARDS IN MULTIPLE CATEGORIES), FOR A TOTAL OF $622,450 IN AWARDS. (CONTINUED ON SCHEDULE O). 512686 178439 0 PROGRAMS FOR PAST YOUNGARTS WINNERS OFFERED YOUNGARTS ARTISTS SUPPORT TO GROW THEIR CAREERS BEYOND THEIR WINNER YEAR WITHIN THREE FOCUS AREAS: CREATIVE DEVELOPMENT, PROFESSIONAL DEVELOPMENT AND COMMUNITY ENGAGEMENT. THROUGH YEAR-LONG INITIATIVES BOTH IN-PERSON AND VIRTUAL, SOLELY AUTHORIZED BY YOUNGARTS AND ACHIEVED IN PARTNERSHIP WITH COLLEAGUE INSTITUTIONS, PAST WINNERS RECEIVED ACCESS TO FELLOWSHIPS, CREATIVE RESIDENCIES, PERFORMANCE AND EXHIBITION OPPORTUNITIES, 1:1 MENTORSHIPS, AND DISCIPLINE-SPECIFIC AND SKILLS-BASED TRAINING WORKSHOPS (CONTINUED ON SCHEDULE O). 299900 299900 0 PAST WINNERS RECEIVED ACCESS TO MICROGRANTS FOR CREATIVE PROJECT SUPPORT OR EMERGENCY RELIEF. 149 CREATIVE MICROGRANTS AND 60 EMERGENCY MICROGRANTS WERE AWARDED. 4235114 0 0 8211685 true true false false false false false false false true true true false false false true false true false false true false false false true false false false true true false false false false false false false false true false false false false true true true false false true 449 0 true 312 true false false false false false true true false false false false false false X 24 24 false false false false false false false true true false false true true true true true true true false false AL CT FL ME MD NH NC OK PA RI SC UT WA X TANYA REID 3053771140 2100 BISCAYNE BOULEVARD MIAMI FL 33137 TANYA REID VP of FINANCE & OPERATIONS 40.0 10.0 X 232493 0 12704 LISA LEONE CREATIVE PRODUCER 40.0 0.0 X 226789 0 16615 TERESA D SIDES VP OF ADVANCEMENT 40.0 0.0 X 233390 0 7914 REBEKAH LENGEL As of 0323 VP of STRATEGY & INNOVATION 40.0 0.0 X 190050 0 15482 LAUREN SNELLING ARTISTIC DIRECTOR (THRU 12/22) 40.0 0.0 X 180572 0 9365 ANGELA GODING SENIOR DIR., STRATEGIC P'SHIPS 40.0 0.0 X 159561 0 7914 JOSYBEL MARTINEZ As of 0323 VP of EQUITY, PEOPLE & CULTURE 40.0 0.0 X 143866 0 7914 CHRISTOPHER WILLIAMS DIRECTOR OF FINANCE 40.0 0.0 X 137057 0 13701 LEE S COHEN HARE CREATIVE DIRECTOR 40.0 0.0 X 129495 0 12902 SARAH GRAY DIR. OF INSTITUTIONAL GIVING 40.0 0.0 X 114672 0 12634 RICH KOHAN PRESIDENT OF THE BOARD 5.0 1.0 X X 0 0 0 SARAH ARISON BOARD CHAIR 5.0 1.0 X X 0 0 0 NATALIE DIGGINS SECRETARY 1.0 0.0 X X 0 0 0 ZUZANNA SZADKOWSKI TRUSTEE 1.0 0.0 X 0 0 0 DERRICK ADAMS TRUSTEE 1.0 0.0 X 0 0 0 DOUG BLUSH TRUSTEE 1.0 0.0 X 0 0 0 HAMPTON CARNEY TRUSTEE 1.0 0.0 X 0 0 0 LINDA COLL TRUSTEE 1.0 0.0 X 0 0 0 BRIAN CULLINAN TRUSTEE (THRU 01/23) 1.0 0.0 X 0 0 0 KRISTY EDMUNDS TRUSTEE 1.0 0.0 X 0 0 0 JONATHAN FLACK TRUSTEE (As of 01/23) 1.0 0.0 X 0 0 0 BERNARDO FORT-BRESCIA TRUSTEE (THRU 01/23) 1.0 0.0 X 0 0 0 JAY FRANKE TRUSTEE (THRU 12/22) 1.0 0.0 X 0 0 0 DANIELLE GARNO TRUSTEE 1.0 1.0 X 0 0 0 ROSIE GORDON-WALLACE TRUSTEE 1.0 0.0 X 0 0 0 MICHI JIGARJIAN TRUSTEE 1.0 0.0 X 0 0 0 JASON KRAUS TRUSTEE 1.0 0.0 X 0 0 0 STEVEN MARKS TRUSTEE 1.0 0.0 X 0 0 0 LAUREN MATTHIESEN TRUSTEE 1.0 0.0 X 0 0 0 MICHAEL MCELROY TRUSTEE 1.0 0.0 X 0 0 0 DR JOAN MORGAN TRUSTEE 1.0 0.0 X 0 0 0 JOHN JACK O'NEIL TRUSTEE 1.0 0.0 X 0 0 0 GLENDA PEDROSO TRUSTEE 1.0 0.0 X 0 0 0 VICTORIA ROGERS TRUSTEE 1.0 0.0 X 0 0 0 JEAN SHIN TRUSTEE 1.0 0.0 X 0 0 0 SANDRA TAMER TRUSTEE 1.0 0.0 X 0 0 0 JOSEPH M THOMPSON TRUSTEE (THRU 02/23) 1.0 0.0 X 0 0 0 MAURICE ZARMATI TRUSTEE 1.0 0.0 X 0 0 0 CLIVE CHANG PRESIDENT (As of 01/23) 40.0 5.0 X 0 0 0 RICHARD WAGMAN TREASURER 2.0 0.0 X 0 0 0 1747945 0 117145 13 false true false THE NORFUS FIRM PLLC 500 NW 2ND AVENUE MIAMI FL 33101 HR CONSULTANCY 262500 FINN PARTNERS INC 1675 BROADWAY 10 FL NEW YORK NY 10019 PR CONSULTANCY 169943 TRACE3 LLC 4601 DTC BOULEVARD STE 400 DENVER CO 80237 IT PROF SERVICES 127325 3 1567797 356771 8273997 1600000 10198565 APPLICATION FEES 711190 207150 207150 TICKET SALES 561599 8403 8403 215553 979853 0 979853 0 0 0 0 0 31783946 30441130 1342816 1342816 1342816 89600 1567797 888370 -798770 -798770 0 0 0 0 0 0 MISCELLANEOUS 713990 18675 18675 18675 11956692 215553 0 1542574 0 1079689 1079689 0 0 1037708 793245 40823 203640 0 2913371 2227683 114590 571098 77266 63205 3977 10084 248558 182665 8465 57428 342499 278867 11275 52357 0 64487 37328 23659 3500 35213 35213 0 0 171792 171792 759545 586086 145612 27847 236590 223601 1233 11756 86986 51547 26644 8795 0 0 30850 30849 1 1053439 1003027 12057 38355 0 0 0 0 85342 75101 8534 1707 51559 38416 7580 5563 PROGRAM & EVENT CONSULTANT 772435 764675 2000 5760 MATERIALS AND SUPPLIES 769196 651690 69220 48286 EQUIPMENT RENTAL 243455 124011 64955 54489 BAD DEBT EXPENSE 83430 0 83430 0 10143410 8211685 831060 1100665 4298320 5685164 4504018 1776689 866713 776694 48976 36453 0 0 0 0 0 0 0 0 132347 154536 1470457 1085805 373616 384652 33316990 37856130 9664355 8813500 0 0 0 0 380784 635896 53586119 56119714 304700 -45825 0 0 7034 0 0 0 0 0 0 0 0 0 0 0 0 0 311734 -45825 X 11314978 13021446 41959407 43144093 53274385 56165539 53586119 56119714 X 1813282 1074719 3153 X false true X true false X 10293093 10334908 7868940 8758103 8698565 45953609 0 0 10293093 10334908 7868940 8758103 8698565 45953609 27499279 18454330 910147 831766 631673 604923 998528 3977037 0 0 49930646 899962 0.36960 0.40955 X SCHEDULE A, PART II, SECTION A, LINE 1: UNUSUAL GRANT REPORTING 2022 UNUSUAL GRANT - $1,500,000 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 46498913 3228573 2227605 47499881 54614720 1000000 -6829807 2286000 46498913 46919287 9658666 1963233 54614720 47616716 1265271 1962700 46919287 45508224 1001607 2712085 1605200 47616716 0.11780 0.36020 0.52200 false false 1470457 1085805 384652 384652 ALTERNATIVE INVESTMENTS 8813500 F 8813500 0 0 X SCHEDULE D, PART V, LINE 4: YOUNGARTS HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF INCOME TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS ON AN INFLATION-ADJUSTED BASIS. ENDOWMENT FUNDS ARE USED TO SUPPORT PROGRAM ACTIVITIES, EDUCATIONAL OUTREACH AND GENERAL OPERATIONS. SHEDULE D, PART X, LINE 2: YOUNGARTS RECOGNIZES AND MEASURES TAX POSITIONS BASED ON THEIR TECHNICAL MERIT AND ASSESSES THE LIKELIHOOD THAT THE POSITIONS WILL BE SUSTAINED UPON EXAMINATION BASED ON THE FACTS, CIRCUMSTANCES AND INFORMATION AVAILABLE AT THE END OF EACH PERIOD. INTEREST AND PENALTIES ON TAX LIABILITIES, IF ANY, WOULD BE RECORDED IN INTEREST EXPENSE AND OTHER NON-INTEREST EXPENSE, RESPECTIVELY. THE U.S. FEDERAL JURISDICTION AND FLORIDA ARE THE MAJOR TAX JURISDICTIONS WHERE YOUNGARTS FILES INCOME TAX RETURNS. YOUNGARTS IS GENERALLY NO LONGER SUBJECT TO U.S. FEDERAL OR STATE EXAMINATIONS BY TAX AUTHORITIES FOR FISCAL YEARS BEFORE 2020. Central America and the Caribbean 0 0 Investments 7696270 0 0 0 0 7696270 7696270 false false false false false false DAUN LLC FUNDRAISING CONSULTANT false GALA 1657397 1567797 89600 106163 159263 622944 0 1657397 1567797 89600 106163 159263 622944 888370 -798770 true YoungArts Finalists, Hon, Mention & Merit Awards 702 601350 YoungArts Micro & Creative Grant Recipients 215 478339 SCHEDULE I, Part III, LINE 2: CASH AWARDS THAT ARE ISSUED TO YOUNG ARTISTS ARE UNRESTRICTED AND THUS ARE NOT MONITORED. MICRO AND CREATIVE GRANT RECIPIENTS MUST SUBMIT A FINAL REPORT TO SHOW THE FUNDS WERE USED ACCORDING TO THE GRANT APPLICATION. X X X X X false false false false false false false false false TANYA REID VP of FINANCE & OPERATIONS 232493 0 0 0 0 0 4790 0 7914 0 245197 0 0 0 LISA LEONE CREATIVE PRODUCER 226789 0 0 0 0 0 8701 0 7914 0 243404 0 0 0 TERESA D SIDES VP OF ADVANCEMENT 233390 0 0 0 0 0 0 0 7914 0 241304 0 0 0 REBEKAH LENGEL As of 0323 VP of STRATEGY & INNOVATION 190050 0 0 0 0 0 7568 0 7914 0 205532 0 0 0 LAUREN SNELLING ARTISTIC DIRECTOR (THRU 12/22) 180572 0 0 0 0 0 5408 0 3957 0 189937 0 0 0 ANGELA GODING SENIOR DIR., STRATEGIC P'SHIPS 159561 0 0 0 0 0 0 0 7914 0 167475 0 0 0 JOSYBEL MARTINEZ As of 0323 VP of EQUITY, PEOPLE & CULTURE 143866 0 0 0 0 0 0 0 7914 0 151780 0 0 0 CHRISTOPHER WILLIAMS DIRECTOR OF FINANCE 137057 0 0 0 0 0 5787 0 7914 0 150758 0 0 0 X 2 1600000 FMV false false true Schedule M, Part I, column (b): The organization reports the number of contributions. Schedule M, Part I, Line 32a: The filing organization engaged UBS, a third party investment advisor that assisted with the sale of donated stock. FORM 990, PART III, LINE 3: We resumed full in-person programming in FY23 and began planning significant national programmatic expansion for FY2024. FORM 990, PART III, LINE 4A (CONTINUED): THESE ARTISTS JOINED A COMMUNITY OF MORE THAN 21,000 YOUNGARTS WINNERS WHO HAVE ACCESS TO PROGRAMMING THAT SUPPORTS CREATIVE AND PROFESSIONAL DEVELOPMENT, AS WELL AS MENTORSHIP, FUNDING AND COMMUNITY-BUILDING. NATIONAL YOUNGARTS WEEK AND OTHER WINNER PROGRAMS OFFER CLASSES, PERFORMANCE AND EXHIBITION OPPORTUNITIES, RECOGNITION AND AWARDS. NATIONAL YOUNGARTS WEEK WAS HELD IN-PERSON IN JANUARY 2023 FOR 138 WINNERS AND PROVIDED YOUNG ARTISTS WITH DISCIPLINE-SPECIFIC TRAINING WITH CULTURAL PRACTIONTIONERS, COLLABORATIVE INTERDISCIPLINARY WORKSHOPS AND TIMELY CONVERSATIONS ABOUT COMMUNITY AND INDIVIDUALITY. FORM 990, PART III, LINE 4B (CONTINUED): ARTISTS CONNECT TO THESE OPPORTUNITIES AND TO MORE THAN 3,800 FELLOW YOUNGARTS WINNERS THROUGH A DEDICATED DIGITAL PORTAL. THROUGH THIS RESOURCE AND OTHER PROGRAMS, MORE THAN 500 PAST WINNERS PARTICIPATED IN PROGRAMS IN FISCAL YEAR 2023. OVERALL, PROGRAMMING RESULTED IN MORE THAN $1.7 MILLION IN FUNDS DISTRIBUTED TO ARTISTS DURING FY23. Form 990, Part III, Line 4d: OTHER PROGRAMS INCLUDING EXHIBITIONS, PERFORMANCES, RESIDENCIES, AND SALARIES AND BENEFITS. EXPENSES $4,235,114. INCLUDING GRANTS OF $ 0. REVENUE $ 0. Form 990, Part VI, Section A, Line 1: THERE IS AN EXECUTIVE COMMITTEE OF YOUNGARTS WHICH IS COMPRISED OF MEMBERS FROM THE GOVERNING BOARD OF TRUSTEES. THERE ARE FIVE MEMBERS WHO SIT ON THIS COMMITTEE WHICH IS CHAIRED BY THE CHAIR OF THE BOARD OF TRUSTEES. THE MEMBERS OF THE EXECUTIVE COMMITTEE AT THE END OF THE FISCAL YEAR WERE: SARAH ARISON, NATALIE DIGGINS, DANIELLE GARNO, RICHARD KOHAN AND MICHAEL MCELROY. THE MAIN RESPONSIBILITIES ARE TO PROVIDE LEADERSHIP TO THE FULL BOARD OF TRUSTEES AND TO ACT ON BEHALF OF THE BOARD WHEN NECESSARY. THE EXECUTIVE COMMITTEE ALSO OVERSEES THE STRATEGIC PLAN TO ADVANCE THE MISSION OF THE ORGANIZATION. Form 990, Part VI, Section B, Line 11b: THE FORM 990 IS REVIEWED BY EXECUTIVE MANAGEMENT AND CONSULTANTS FROM PRICEWATERHOUSECOOPERS AND APPROVED BEFORE IT IS FILED BY THE INDEPENDENT ACCOUNTANT WHO PREPARED THE RETURN. THE BOARD OF TRUSTEES IS SENT A COPY OF THE FORM 990 BEFORE THE TAX RETURN IS FILED. Form 990, Part VI, Section B, Line 12c: THE ORGANIZATION'S CONFLICT OF INTEREST POLICY APPLIES TO EMPLOYEES AND IS INCLUDED IN THE EMPLOYEE HANDBOOK. ALL EMPLOYEES ACKNOWLEDGE THEIR UNDERSTANDING OF THE POLICY. THE PRESIDENT REITERATES THE POLICY AS DEEMED NECESSARY. THE PRESIDENT DETERMINES WHETHER A CONFLICT EXISTS AND REVIEWS THE CONFLICT. IF A CONFLICT EXISTS, RESTRICTIONS INCLUDE PROHIBITING THE EMPLOYEE FROM PARTICIPATING AND TERMINATION, IF NECESSARY. THE BOARD IS ALSO SUBJECT TO A CONFLICT OF INTEREST POLICY WHICH PROHIBITS TRANSACTIONS OR ARRANGEMENTS THAT MAY PRIVATELY BENEFIT ANY TRUSTEES. Form 990, Part VI, Section B, Line 15a: THE COMPENSATION COMMITTEE REVIEWS THE COMPENSATION FOR THE PRESIDENT ANNUALLY AND THESE DELIBERATIONS ARE GUIDED BY COMPENSATION OF COMPARABLE INSTITUTIONS AND THE CURRENT RATE IN THE MARKET TO ATTRACT THE BEST TALENT TO FILL THIS MOST IMPORTANT POSITION. THE REVIEW PROCESS WAS COMPLETED IN DECEMBER 2022 PRIOR TO THE NEW PRESIDENT'S HIRE. Form 990, Part VI, Section C, Line 19: THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. Form 990, Part XI, Line 9: CHANGE IN VALUE OF CHARITABLE TRUST: $3,153 NAT YOUNGARTS FDN SUPPORTING ORG INC 2100 BISCAYNE BOULEVARD MIAMI FL 33137 455508211 FUNDRAISING FL 501(C)(3) LINE 12A, I NFAA true false false false false false false false false false false true false false false true false true false false NAT YOUNGARTS FDN SUPPORTING ORG INC O 587743 FMV NAT YOUNGARTS FDN SUPPORTING ORG INC Q 128527 FMV